Universal Insurance (UVE) 8-K Universal Insurance Holdings Declares Cash Dividend of 16 Cents per Share

Exhibit 99.1

Universal Insurance Holdings Declares Cash Dividend of 16 Cents per Share

Fort Lauderdale, Fla., April 20, 2022 – Universal Insurance Holdings, Inc. (NYSE: UVE) (“Universal” or the “Company”) announced today that its Board of Directors declared a quarterly cash dividend of 16 cents per share of common stock, payable on May 20, 2022, to shareholders of record as of the close of business on May 13, 2022.

About Universal

Universal Insurance Holdings, Inc. (NYSE: UVE) is a holding company offering 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 sell insurance products through both our appointed independent agents and through our direct online distribution channels in the United States across 19 states (primarily Florida). Learn more at UniversalInsuranceHoldings.com.

Investor Relations Contact:

Arash Soleimani, CFA, CPA

Chief Strategy Officer

954-804-8874

asoleimani@universalproperty.com