secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL INSURANCE HOLDINGS, INC. (UVE)
CIK:        0000891166
Form:       8-K
Filed at:   2023-05-30T23:59:59+00:00
Accession:  0000891166-23-000049
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UVE reinsurance program: cost ratio drops to 31.8%, retention cut $3.5M
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- Total reinsurance cost projected at ~31.8% of direct premiums earned, down from ~37.6% last year.
- Consolidated retention improved by $3.5M; UPCIC retention unchanged at $45M, APPCIC separate retention eliminated.
- First event tower extends to $2.831 billion; full reinstatement on $846M for multi-event protection.
- Secured $277M catastrophe capacity below FHCF extending into 2024 wind season; $150M bond in final year.
- Largest private reinsurers all rated A+ or higher; no material changes to partners or terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/891166/000089116623000049/0000891166-23-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/891166/000089116623000049/uve-20230530.htm
  HTML page:      https://secwatch.observer/filing/0000891166-23-000049

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer