Universal authorizes $20 million share repurchase program

Universal Insurance Holdings has approved a new share repurchase program allowing the company to buy back up to $20 million of its outstanding common stock through January 8, 2028.

The repurchases may be executed from time to time in open market transactions at prevailing prices and will be conducted in accordance with Rule 10b-18 under the Securities Exchange Act of 1934, as well as the company’s insider trading policy.