Universal Insurance Holdings Inc · NYSE:UVE
Universal Insurance — Shareholder Meeting (May 2017)
11 slides from Universal Insurance's shareholder meeting presentation, May 15, 2017
Slide 1: Investor Engagement Spring 2017
Investor Engagement Spring 2017
Slide 2: Forward-Looking Statements
This presentation may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Phrases that include "believe," "expect," "anticipate," or other similar expressions identify forward-looking statements and are provided in context, as of the date
Slide 3: Business Overview
Business Overview Universal Insurance Holdings is the largest private homeowner’s insurance company in Florida, with approximately 10% market share Our Business Financial Overview Ticker Market Cap (as of May 12, 2017) FY2016 Financials Revenue Net Income Direct Premiums Written Employees (as of May
Slide 4: Executing on Our Strategic Priorities
Executing on Our Strategic Priorities Underwriting Generate underwriting profits with quality risk selection and adequate pricing Direct premiums written have grown 22% since year-end 2012 while the combined ratio has averaged 76.0% from 2013-2016 Core Strategic Priorities Results Claims Superior an
Slide 5: Executive Team Overseeing Exceptional Performance
Executive Team Overseeing Exceptional Performance As the Company enters a new phase of growth, the new management team is focused on diversifying our business and has generated an average ROAE of 35.2% from 2013-2016 Jon W. Springer President & Chief Risk Officer Extensive operational and reinsuranc
Slide 6: Delivering Results
New Management Team Delivering Results Stable, sustainable results since 2013 Direct premiums written have grown by 22% since year-end 2012, reflecting both strong growth in Florida and continuing expansion across the U.S. Our combined ratio has seen meaningful improvement under our new management t
Slide 7: Delivering Results (cont'd)
New Management Team Delivering Results (cont’d) Our new management team has delivered 165% book value per share growth and over 29% return on average equity every year since their start in 2013 (In millions of shares) (Shareholders’ Equity in millions) Focus on Shareholder Value Creation We have pos
Slide 8: Changes made to our 2016 compensation arrangements
The changes made to our compensation arrangements for 2016 were intended to better align our pay practices with shareholder expectations for a company of our growing size and scope February 2013: Sean Downes is appointed CEO with a compensation package similar to that of his predecessor, and immedia
Slide 9: Executive compensation program design
The Compensation Committee designs our executive compensation program to attract, retain and reward high-performing executive officers who will drive Company growth and profitability, increase long-term value for shareholders, manage the Company in a prudent and responsible manner, and maintain and
Slide 10: Board of Directors skills and experience
Scott P. Callahan Director Since 2013 More than 30 years of experience in the property & casualty reinsurance industry President of SPC Global RE Advisors LLC Kimberly D. Cooper Director Since 2017 Chief Administrative Officer & Chief Information Officer Spent eight years in the Company’s internal a
Slide 11: 2017 Universal Insurance Holdings Board Recommendations
Election of Universal Insurance Holdings Director Nominees Approval of Bylaw Amendment to Adopt Majority Voting Approval of Compensation Paid to our Named Executive Officers Approval of Frequency of Future Advisory Votes on Named Executive Officers’ Compensation Universal Board recommends votes ever
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