Universal Insurance Holdings Inc (UVE)

[TechKim]

"UVE’s reinsurance program exceeds regulatory requirements for both a single large event and for multiple events occurring in the same hurricane season. Based on UVE’s September 30, 2015 portfolio, no single hurricane event in recorded history is projected to cause losses exceeding the limits of our 2015 reinsurance program, regardless of the storm category. Modeling performed using the RMS model, which has been declared accurate and reliable by the statutorily-created Florida Commission on Hurricane Loss Projection Methodology, shows that UVE’s reinsurance program is sufficient to cover an event such as Category 5 Hurricane Andrew, Category 4 Great Fort Lauderdale Hurricane, or Category 3 Hurricane Wilma, among others. In fact, given its current financial position and reinsurance program, UVE would remain profitable even if Florida were to face three storms in one season on the scale of Hurricane Andrew, which was one of the most destructive hurricanes in U.S. history.


WOULD REMAIN PROFITABLE!