Universal Property & Casualty Insurance Company (“UPCIC”), a subsidiary of Universal Insurance Holdings, Inc., has applied to expand into Indiana, Minnesota, and Delaware.

UPCIC is a writer of homeowners' insurance in Florida and is licensed in North Carolina, South Carolina, Hawaii, Georgia, Massachusetts, and Maryland.

Sean P. Downes, the company's chairman, president, and chief executive officer, stated that, “Geographic diversification comprises a core component of our strategy to drive growth and increase shareholder value. By leveraging our experience as a leading writer of homeowners insurance in Florida, we have extended UPCIC's footprint and profitable business model to seven markets in total over the past five years. We believe this is an opportune time to seek entry into new markets, supported by our strong financial position and positive industry dynamics.”