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Florida's UPCIC and Parent Company Universal Insurance Holdings Announce 2Q Results

Second quarter shows gains and losses for Ft. Lauderdale-based Universal Insurance Holdings and subsidiary.

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Universal Insurance Holdings, Inc. of Ft. Lauderdale reported net income of $7.5 million, or $0.19 per diluted share, in the second quarter of 2011, compared to net income of $10.8 million, or $0.27 per diluted share, for the same period in 2010. For the first six months of 2011, the company reported net income of $21.4 million, or $0.53 per diluted share, compared to $17.7 million, or $0.44 per diluted share, for the same period of 2010.

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