Universal Announces New $20 Million Share Repurchase Authorization
12 Março 2024 - 9:30AM
Business Wire
Universal Insurance Holdings, Inc. (NYSE: UVE) (“Universal” or
the “Company”) announced today that its Board of Directors has
authorized a new share repurchase program under which the Company
may repurchase up to $20 million of its outstanding shares of
common stock through March 11, 2026.
Share repurchases may be made by the Company from time to time
in open market transactions at prevailing market prices. The
Company intends to effect repurchase transactions in compliance
with Rule 10b-18 under the Securities Exchange Act of 1934 and the
Company’s insider trading policy.
About Universal
Universal Insurance Holdings, Inc. (NYSE: UVE) is a holding
company providing property and casualty insurance and value-added
insurance services. We develop, market, and write insurance
products for consumers predominantly in the personal residential
homeowners lines of business and perform substantially all other
insurance-related services for our primary insurance entities,
including risk management, claims management and distribution. We
provide insurance products in the United States through both our
appointed independent agents and our direct online distribution
channels, primarily in Florida. Learn more at
universalinsuranceholdings.com.
Forward-Looking Statements
This press release may contain “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995. The words “believe,” “expect,” “anticipate,” “will,”
“plan,” and similar expressions identify forward-looking
statements, which speak only as of the date the statement was made.
Such statements may include commentary on plans, products and lines
of business, marketing arrangements, reinsurance programs and other
business developments and assumptions relating to the foregoing.
Forward-looking statements are inherently subject to risks and
uncertainties, some of which cannot be predicted or quantified,
including those risks and uncertainties described under the heading
“Risk Factors” and “Liquidity and Capital Resources” in our 2023
Annual Report on Form 10-K, and supplemented in our subsequent
Quarterly Reports on Form 10-Q. Future results could differ
materially from those described, and the Company disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events,
or otherwise. For further information regarding risk factors that
could affect the Company’s operations and future results, refer to
the Company’s reports filed with the Securities and Exchange
Commission, including the Company’s Annual Report on Form 10-K and
the most recent quarterly reports on Form 10-Q.
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version on businesswire.com: https://www.businesswire.com/news/home/20240312493979/en/
Investors/Media: Arash Soleimani, CFA, CPA, CPCU, ARe
Chief Strategy Officer 954-804-8874
asoleimani@universalproperty.com
Universal Insurance (NYSE:UVE)
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