Universal Insurance Holdings Inc. reported consolidated unaudited earnings results for the third quarter ended September 30, 2009. For the quarter, the company's net income increased 56.2% to $11.5 million, or $0.28 per diluted share, from $7.4 million, or $0.19 per diluted share, for the same period of 2008. The improvement was primarily a result of $12.1 million of pre-tax realized gains on investments and $6.1 million of pre-tax foreign currency gains on investments during the 2009 third quarter, as compared to no realized gains on investments or foreign currency gains on investments during the 2008 third quarter. Comprehensive income increased by approximately $504,000 during the 2009 third quarter to $7.9 million, as compared to $7.4 million for the same quarter last year. In-force premiums were approximately $563.0 million as of September 30, 2009, versus $519.3 million at September 30, 2008, while direct premiums written were $134.6 million in the third quarter of 2009, compared to $124.7 million for the same period of 2008. Net investment income decreased 47.1% to approximately $587,000 for the three-month period ended September 30, 2009, from $1.1 million for the same period of 2008. Net premiums written were $30.5 million against $33.4 million for the same period last year. Income before income taxes were $18.54 million against $11.8 million for the same period last year. For the nine months, the company's net income decreased to $31.6 million, or $0.78 per diluted share, from $32.9 million, or $0.81 per diluted share, for the same period of 2008. Comprehensive income decreased during the 2009 nine months to $36.2 million, as compared to $32.9 million for the same period last year. Direct premiums written were $436.6 million in the nine months of 2009, compared to $394.3 million for the same period of 2008. Net investment income decreased to $1.4 million for the nine-month period ended September 30, 2009, from $3.63 million for the same period of 2008. Net premiums written were $108.1 million against $119.1 million for the same period last year. Income before income taxes were $51.2 million against $54 million for the same period last year.

Universal Insurance Holdings Inc. has declared a cash dividend of $0.20 per share on its common stock. The dividend is payable on December 4, 2009 to shareholders of record as of November 16, 2009. In aggregate, a total of $0.54 per share in cash dividends have been declared in 2009.

Universal Insurance Holdings Inc. reported consolidated and unaudited earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net income of $7.6 million, or $0.19 per diluted share, compared to $11.2 million, or $0.28 per diluted share, in the second quarter of 2008. Net investment income decreased 63.9% to $461,774 for the three-month period ended June 30, 2009, from $1.3 million for the same period of 2008. Net premiums earned increased 3.4% to $37.4 million in the second quarter of 2009, from $36.2 million in the 2008 second quarter, as a result of an increase in direct premiums earned. For the quarter, the company reported total premiums earned and other revenues of $47.55 million and income before taxes of $12.4 million against total premiums earned and other revenues of $45.7 million and income before taxes of $18.9 million for the same quarter last year. For the six months, the company reported net income of $20.1 million, or $0.50 per diluted share, compared to $25.5 million, or $0.62 per diluted share, in the same period of 2008. Net investment income decreased to $798,482 from $2.52 million for the same period of 2008. Net premiums earned increased to $75.1 million in the six months of 2009, from $71.3 million in the 2008 same period. For the six months of 2009, the company reported total premiums earned and other revenues of $95.7 million and income before taxes of $32.63 million against total premiums earned and other revenues of $89.98 million and income before taxes of $42.3 million for the same period last year.