Universal Insurance Holdings Inc UVE:AMEX

Follow up:

The UVE YTD ticker has more than doubled. Still, a 5.83 price-to-earnings ratio, Universal Insurance is better than 80% cheaper than average competitors in the property and casualty industry. The shares pay a 8.57% dividend.

UVE's operating margin widened to 42% from 36% for all of 2008, and revenue rose 6%.

Due to Florida's regulations, larger insurance providers such as Allstate have scaled back Floridian operations opening the door to UVE. The financial's are impressive for a micro.

Universal Insurance Holdings, Inc. (UIH) is a vertically integrated insurance holding company. The Company, through its subsidiaries, is engaged in insurance underwriting, distribution and claims. UIH's primary product is homeowners insurance. The Company's subsidiaries include Universal Property & Casualty Insurance Company (UPCIC), which is involved in the insurance business; Universal Risk Advisors, Inc.; Universal Adjusting Corporation, which performs claims adjustment for UPCIC, and Universal Inspection Corporation, which performs property inspections for homeowner's insurance policies underwritten by UPCIC.