万全保险 2024年度报告

(Mark One)ÈANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934For the fiscal year ended December 31, 2024 ‘TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934For the transition period fromto Delaware65-0231984(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.)1110 W. Commercial Blvd., Fort Lauderdale, Florida 33309(Address of principal executive offices) (Zip Code)Registrant’s telephone number, including area code: (954) 958-1200Securities registered pursuant to Section 12(b) of the Act:Title of each classTrading Symbol(s)Name of each exchange on which registeredCommon Stock, $0.01 Par ValueUVENew York Stock ExchangeSecurities registered pursuant to Section 12(g) of the Act:None. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.‘YesÈNoIndicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.‘YesÈNo Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90days.ÈYes‘No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of RegulationS-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).ÈYes‘NoIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 ofthe Exchange Act.È Accelerated filerSmaller reporting company‘Emerging growth company‘If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or Large accelerated filer‘Non-accelerated filer‘ revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.‘ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control overfinancial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its auditreport.È Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by anyof the Registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).‘ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).‘YesÈNo Aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity waslast sold as of June 30, 2024, the last trading day of the registrant’s most recently completed second fiscal quarter: $474,817,454Indicate the number of shares outstanding of Common Stock of Universal Insurance Holdings, Inc. as of February 24, 2025: 28,095,824.DOCUMENTS INCORPORATED BY REFERENCE The information required by Part III of this Annual Report on Form 10-K, to the extent not set forth herein, is incorporated herein by reference to the registrant’sdefinitive proxy statement relating to the Annual Meeting of Shareholders to be held in 2025, which definitive proxy statement shall be filed with the Securities andExchange Commission within 120 days after the end of the fiscal year to which this Annual Report on Form 10-K relates. UNIVERSAL INSURANCE HOLDINGS, INC. TABLE OF CONTENTS PART I Item 1.Business3Item 1A.Risk Factors13Item 1B.Unresolved Staff Comments29Item 1C.Cybersecurity29Item 2.Properties31Item 3.Legal Proceedings31Item 4.Mine Safety Disclosures31PART IIItem 5.Market for Registrant’s Common Equity, Related Stockholder Matters and IssuerPurchases of Equity Securities32Item 6.[Reserved]34Item 7.Management’s Discussion and Analysis of Financial Condition and Results ofOperations34Item 7A.Quantitative and Qualitative Disclosures About Market Risk75Item 8.Financial Statements and Supplementary Data77Item 9.Changes in and Disagreements with Accountants on Accounting and FinancialDisclosure125Item 9A.Controls and Procedures125Item 9B.Other Information125Item 9C.Disclosure Regarding Foreign Jurisdictions That Prevent Inspections125PART IIIItem 10.Directors, Executive Officers and Corporate Governance126Item 11.Executive Compensation126Item 12