UNIVERSAL INSURANCE HOLDINGS, INC. - FORM 10-Q - EX-99.1

Attached files

file	filename
10-Q - FORM 10-Q - UNIVERSAL INSURANCE HOLDINGS, INC.	g27120e10vq.htm
EX-32 - EX-32 - UNIVERSAL INSURANCE HOLDINGS, INC.	g27120exv32.htm
EX-31.1 - EX-31.1 - UNIVERSAL INSURANCE HOLDINGS, INC.	g27120exv31w1.htm
EX-31.2 - EX-31.2 - UNIVERSAL INSURANCE HOLDINGS, INC.	g27120exv31w2.htm

EXHIBIT 99.1

SCHEDULE OF INVESTMENTS
AS OF MARCH 31, 2011
(dollars in thousands)

Investment Exhibit


																				Change in Book / Adjusted Carrying Value
			Codes									Fair Value								Unrealized					Interest
							Gross		Gross			Rate Used						Book /		Valuation		Current Year’s								Admitted		Amount Received
			NAIC				Unrealized		Unrealized			to Obtain						Adjusted		Increase		(Amortization) /					Effective			Amount Due		During		Dates
Investment Type	Cusip ID	Code	Designation		Actual Cost		Gains		Losses			Fair Value		Fair Value		Par Value		Carrying Value		/ (Decrease)		Accretion			Rate of		Rate of		When Paid	and Accrued		Year		Acquired		Maturity
Fixed maturities, Trading Securities:
Universal Property and Casualty Insurance Company:
US government and agency obligations

UNITED STATES TREAS NTS	912828-GZ-7	SD		1	$	145	$	4	$	—			105.97	$	143	$	135		138		—		(1	)		4.625		2.780	JJ	$	1	$	3		7/15/2008		7/31/2012
UNITED STATES TREAS NTS	912828-KC-3	SD		1		35		—		—			101.03		35		35		35		—		—			2.000		1.842	FA		—		—		2/19/2009		2/15/2012
US TREASURY INFLATION INDEX BOND	912810-FR-4	SD		1		9,429		—		(343	)		129.57		9,049		7,675		9,392		55		(23	)		2.375		1.015	JJ		40		95		11/15/2010		1/15/2025
US TREASURY INFLATION INDEX BOND	912810-PS-1			1		8,068		—		(380	)		120.04		7,661		7,000		8,041		47		(18	)		2.375		1.139	JJ		34		81		11/15/2010		1/15/2027
US TREASURY INFLATION INDEX BOND	912810-PV-4					2,272		42		—			105.73		2,314		2,400		2,272		16		0			1.750		1.700	JJ		8		20		12/10/2010		1/15/2028
US TREASURY INFLATION INDEX BOND	912810-PZ-5					2,472		—		(27	)		114.66		2,440		2,330		2,467		15		(4	)		2.500		1.515	JJ		12		27		12/7/2010		1/15/2029
US TREASURY INFLATION INDEX BOND	912810-QF-8					35,112		—		(1,896	)		105.53		33,173		69,190		35,069		215		(27	)		2.125		1.582	FA		83		331		12/14/2010		2/15/2040
US TREASURY INFLATION INDEX BOND	912828-LA-6					2,912		269		—			112.46		3,168		2,800		2,899		20		(2	)		1.875		1.539	JJ		12		27		9/29/2009		7/15/2019
US TREASURY INFLATION INDEX BOND	912828-NM-8					116		—		(1	)		103.48		115		110		116		1		—			1.250		0.675	JJ		—		1		9/30/2010		7/15/2020



Total US government and agency obligations					$	60,561	$	315	$	(2,647	)			$	58,098	$	91,675	$	60,429	$	369	$	(75	)						$	190	$	585



Total fixed maturities					$	60,561	$	315	$	(2,647	)			$	58,098	$	91,675	$	60,429	$	369	$	(75	)						$	190	$	585


							Gross Unrealized		Gross Unrealized			Estimated Fair
	Investment Type	Symbol	Cusip ID	Number of Shares	Cost		Gains		Losses			Value
	Equity securities:
	Universal Property and Casualty Insurance Company
1	AGNICO EAGLE MINES LTD	AEM	008474-10-8	19,400	$	1,485	$	—	$	(198	)	$	1,287
2	ALEXCO RESOURCE CORP	AXU	01535P-10-6	46,750		345		69		—			414
3	ALLIED NEVADA GOLD CORP	ANV	019344-10-0	4,540		143		18		—			161
4	ORVANA MINERALS CORP COM	ORV CN	026628-51-1	1,500		5		—		—			5
5	ANDINA MINERALS INC	ADMNF	034219-10-5	60,000		93		—		(7	)		86
6	NEWCREST MINING NPV	NCM	066371-01-4	3,000		88		35		—			123
7	Barrick Gold Corp	ABX	067901-10-8	4,325		214		11		—			225
8	URANIUM ONE INC COM	UUU CN	0B0V23-L6-4	135,400		681		—		(152	)		529
9	PLATMIN LTD COM	PPN CN	0B1B5G-C4-0	103,000		100		—		(18	)		82
10	CORVUS GOLD INC	KOR	221013-10-5	217,900		198		—		(32	)		166
11	DACHA STRATEGIC METALS INC	DAC	233407-10-5	351,000		167		—		(20	)		147
12	ELDORADO GOLD CORP NEW	EGO	284902-10-3	54,000		959		—		(81	)		878
13	EXETER RES CORP	XRA	301835-10-4	192,800		1,166		—		(136	)		1,030
14	EXTORRE GOLD MINES LTD	XG	30227B-10-9	45,400		223		49		—			272
15	FORTUNA SILVER MINES INC	FVITF	349915-10-8	17,100		82		9		—			91
16	GOLDCORP INC NEW	GG	380956-40-9	750		37		—		—			37
17	HARMONY GOLD MNG LTD	HMY	413216-30-0	10,850		123		38		—			161
18	HECLA MNG CO	HL	422704-10-6	110,600		877		127		—			1,004
19	IAMGOLD CORP	IAG	450913-10-8	10,150		206		18		—			224
20	INTER CITIC MINERALS INC	ICMTF	458189-10-7	153,150		298		—		(24	)		274
21	INTERNATIONAL TOWER HILL MINES	THM	46050R-10-2	73,481		686		51		—			737
22	MINEFINDERS CORP LTD	MFN	602900-10-2	6,014		64		15		—			79
23	NEWMONT MINING CORP	NEM	651639-10-6	27,250		1,569		—		(82	)		1,487
24	NORTH AMERN PALLADIUM LTD	PAL	656912-10-2	131,090		855		—		(4	)		851
25	ORVANA MINERALS CORP	ORV	68759M-10-1	77,500		248		—		(13	)		235
26	PAN AMERICAN SILVER CORP	PAAS	697900-10-8	11,850		423		17		—			440
27	RANDGOLD RES LTD	GOLD	752344-30-9	35,988		3,342		—		(408	)		2,934
28	RENAISSANCE GOLD INC	RNSGF	75971J-10-5	33,100		59		3		—			62
29	SPDR Gold Shares	GLD	78463V-10-7	10,380		1,287		165		—			1,452
30	SEABRIDGE GOLD INC	SA	811916-10-5	4,468		132		10		—			142
31	Silver Wheaton Corp	SLW	828336-10-7	138,400		4,784		1,217		—			6,001
32	SILVERCORP METALS INC	SVM	82835P-10-3	13,400		156		39		—			195
33	STILLWATER MNG CO	SWC	86074Q-10-2	26,400		589		16		—			605
34	TRADE WINDS VENTURES INC	TWD	89254X-10-3	410,000		160		—		(50	)		110
35	YAMANA GOLD INC	AUY	98462Y-10-0	23,000		269		14		—			283
36	ETFS METAL SECS ETFS PHYSICAL GOLD	GOLD	066055-28-6	6,550		792		122		—			914
37	IPATH DJ-UBS GRAINS SUB INDEX ETN	JJG	06739H-30-5	22,650		1,214		23		—			1,237
38	BARCLAYS BANK PLC ETN DJUBS NAT37	GAZ	06739H-64-4	118,478		979		46		—			1,025
39	ETFS CMMDTY SECS 0% UNDTD NTS CORN	CORN	0B15KX-S0-0	290,930		439		196		—			635
40	ETFS COM SECURITIE ETFS SUGAR (USD	ECYIF	0B15KY-65-1	29,583		717		5		—			722
41	ETFS COM SECURITIE 0% SEC UNDTD NT	WEAT:LN	0B15KY-76-8	490,450		1,050		64		—			1,114
42	ETFS METAL SECS PHYSICAL PLATINUM	PHPT LN	0B1VS2-W5-7	2,025		336		18		—			354
43	ETFS Metal Securitie Ltd Palladium	PHPD:LN	0B1VS3-00-1	8,755		652		6		—			658
44	Zuercher KTBK Silver ETF	ZSIL:SW	0B1XCL-94-7	350		703		542		—			1,245
45	Zuercher KTBK Palladium ETF	ZPAL:SW	0B1XCL-D8-3	215		435		82		—			517
46	ETFS METAL SEC ETFS PHYSICAL GOLD	PHAU:LN	0B285Z-72-4	8,040		898		239		—			1,137
47	ETF Metal Secs Physical Silver	PHAG:LN	0B285Z-K5-2	4,550		133		35		—			168
48	Julius Baer Invt Fnds ETF Gold	JBGOUA:SW	0B3F8G-34-6	717		864		153		—			1,017
49	ETFS METAL SECS ETFS PHYSICAL SILV	ETPMAG	0B3KMG-42-2	9,750		181		179		—			360
50	Zuercher KTBK Gold ETF	ZGLDUS:SW	0B3KZW-54-8	908		1,131		166		—			1,297
51	CLAYMORE SILVER BULLION TR TR UNIT	SVR	0B3N7L-27-3	79,025		881		939		—			1,820
52	HORIZONS BETA WNTR NAT ETF UNIT CL	HUN:CN	0B61KF-94-6	45,000		345		—		(110	)		235
53	CLAYMORE GOLD BULLION ETF HEDGED C	CGL	0B634C-59-0	141,700		1,398		484		—			1,882
54	DIREXION SHS ETF TR DLY LRG CAP BE	BGZ	25459W-15-1	32,382		2,337		—		(1,184	)		1,153
55	DIREXION SHS ETF TR LATN AM BEAR3X	LHB	25459W-64-9	2,500		131		—		(93	)		38
56	DIREXION SHS ETF TR CHINA BEAR 3X	CZI	25459W-76-3	5,500		230		—		(152	)		78
57	ETFS PLATINUM TR SH BEN INT	PHPT:LN	26922V-10-1	12,090		1,978		147		—			2,125
58	ETFS SILVER TR SILVER SHS	SIVR	26922X-10-7	60,600		1,655		618		—			2,273
59	ETFS GOLD TR SHS	SGOL	26922Y-10-5	16,120		1,979		320		—			2,299
60	ETFS PALLADIUM TR SH BEN INT	PALL	26923A-10-6	32,000		2,243		190		—			2,433
61	GLOBAL X URANIUM ETF	URA	37950E-75-4	21,500		430		—		(111	)		319
62	GLOBAL X FDS SILVERS MINERS ETF	SIL	37950E-85-3	9,150		216		42		—			258
63	IShares Comex Gold Trust ETF	IAU	464285-10-5	113,000		1,367		217		—			1,584
64	Ishares Silver Trust ETF	SLV	46428Q-10-9	14,600		412		125		—			537
65	Market Vectors ETF Gold Miners	GDX	57060U-10-0	36,500		2,150		44		—			2,194
66	MARKET VECTORS ETF TR JR GOLD MINE	GDXJ	57060U-58-9	67,752		2,551		107		—			2,658
67	Powershares DB Multi Sector Comm	DBA	73936B-40-8	78,350		2,354		328		—			2,682
68	Powershares Multi Sectr Com Oil Fd	DBO	73936B-50-7	7,700		220		28		—			248
69	SWEDISH EXPT CR CORP RG ENRGY ETN2	RJN	870297-30-6	102,445		588		177		—			765
70	Swedish Expt Cr Corp	RJA	870297-60-3	261,800		2,268		698		—			2,966
71	UNITED STS GASOLINE FD LP UNITS	UGA	91201T-10-2	5,000		220		32		—			252
72	ETFS METAL SECURIT ETFS PHYSICAL S	PHAG:LN	G3204R-13-5	25,750		420		532		—			952

	Total Universal Property & Casualty Insurance Company			4,728,351	$	59,010	$	8,825	$	(2,875	)	$	64,960


								Gross Unrealized		Gross Unrealized			Estimated Fair
	Investment Type	Symbol	Cusip ID	Number of Shares		Cost		Gains		Losses			Value
	Equity securities:
	American Platinum Property and Casualty Insurance Company
1	ELDORADO GOLD CORP NEW	EGO	284902-10-3		18500	$	332	$	—	$	(31	)		301
2	EXETER RES CORP	XRA	301835-10-4		47160		275		—		(23	)		252
3	EXTORRE GOLD MINES LTD	XG	30227B-10-9		22300		110		24		—			134
4	HECLA MNG CO	HL	422704-10-6		17900		173		—		(11	)		163
5	INTER CITIC MINERALS INC	ICMTF	458189-10-7		44150		88		—		(9	)		79
6	INTERNATIONAL TOWER HILL MINES	THM	46050R-10-2		21900		205		15		—			220
7	MEDUSA MINING LTD	MLL	0B4V4P-25-2		1650		12		—		—			12
8	NEWMONT MINING CORP	NEM	651639-10-6		3910		228		—		(15	)		213
9	NORTH AMERN PALLADIUM LTD	PAL	656912-10-2		25939		174		—		(5	)		168
10	ORVANA MINERALS CORP	ORV	68759M-10-1		29500		95		—		(6	)		89
11	PLATMIN LTD COM	PPN CN	0B1B5G-C4-0		30000		29		—		(5	)		24
12	RANDGOLD RES LTD	GOLD	752344-30-9		3950		360		—		(38	)		322
13	SEABRIDGE GOLD INC	SA	811916-10-5		75		3		—		(1	)		2
14	Silver Wheaton Corp	SLW	828336-10-7		674		27		2		—			29
15	SPDR Gold Shares	GLD	78463V-10-7		1000		110		30		—			140
16	STILLWATER MNG CO	SWC	86074Q-10-2		5700		131		-		(0	)		131
17	URANIUM ONE INC COM	UUU CN	0B0V23-L6-4		11000		63		—		(20	)		43
18	BARCLAYS BANK PLC ETN DJUBS NAT37	GAZ	06739H-64-4		67266		635		—		(53	)		582
19	CLAYMORE SILVER BULLION TR TR UNIT	SVR	0B3N7L-27-3		970		17		5		—			22
20	DIREXION SHS ETF TR DLY LRG CAP BE	BGZ	25459W-15-1		2500		182		—		(93	)		89
21	ETF Metal Secs Physical Silver	PHAG:LN	0B285Z-K5-2		1500		42		13		—			55
22	ETFS CMMDTY SECS 0% UNDTD NTS CORN	CORN	0B15KX-S0-0		24400		51		2		—			53
23	ETFS COM SECURITIE 0% SEC UNDTD NT	WEAT:LN	0B15KY-76-8		15250		34		1		—			35
24	ETFS COMMODITY SECS 0% SECD	HOGS:LN	0B15KX-Z7-7		13500		15		1		—			16
25	ETFS GOLD TR SHS	SGOL	26922Y-10-5		1100		124		33		—			157
26	ETFS METAL SEC ETFS PHYSICAL GOLD	PHAU:LN	0B285Z-72-4		800		103		10		—			113
27	ETFS Metal Securitie Ltd Palladium	PHPD:LN	0B1VS3-00-1		1080		82		—		(1	)		81
28	ETFS PALLADIUM TR SH BEN INT	PALL	26923A-10-6		1650		128		—		(3	)		125
29	ETFS PLATINUM TR SH BEN INT	PHPT:LN	26922V-10-1		410		71		1		—			72
30	ETFS SILVER TR SILVER SHS	SIVR	26922X-10-7		845		27		5		—			32
31	GLOBAL X URANIUM ETF	URA	37950E-75-4		3950		81		—		(22	)		59
32	IPATH DJ-UBS GRAINS SUB INDEX ETN	JJG	06739H-30-5		4900		263		6		—			268
33	IShares Comex Gold Trust ETF	IAU	464285-10-5		19000		209		57		—			266
34	Market Vectors ETF Gold Miners	GDX	57060U-10-0		5900		358		—		(4	)		355
35	MARKET VECTORS ETF TR JR GOLD MINE	GDXJ	57060U-58-9		8750		354		—		(11	)		343
36	Powershares DB Multi Sector Comm	DBA	73936B-40-8		9350		320		0		—			320
37	Swedish Expt Cr Corp	RJA	870297-60-3		21380		238		4		—			242
38	Zuercher KTBK Palladium ETF	ZPAL:SW	0B1XCL-D8-3		11		14		12		—			26
39	Zuercher KTBK Silver ETF	ZSIL:SW	0B1XCL-94-7		3		5		6		—			11
40	Zuercher KZKB Platinum ETF	ZPLA:SW	0B1XCL-H2-2		13		28		9		—			37


	Total American Platinum Property & Casualty Insurance Company				489,836	$	5,796	$	236	$	(351	)	$	5,681


								Gross Unrealized		Gross Unrealized			Estimated Fair
	Investment Type	Symbol	Cusip ID	Number of Shares		Cost		Gains		Losses			Value
	Universal Insurance Holdings, Inc.
	Equity Securities:
1	AGNICO EAGLE MINES LTD	AEM	008474-10-8		2930	$	219	$	—	$	(25	)	$	194
2	ALEXCO RESOURCE CORP	AXU	01535P-10-6		2800		21		4		—			25
3	ALLIED NEVADA GOLD CORP	ANV	019344-10-0		1025		34		2		—			36
4	Barrick Gold Corp	KOR	067901-10-8		800		39		3		—			42
5	URANIUM ONE INC COM	UUU CN	0B0V23-L6-4		19000		86		—		(11	)		75
6	DACHA STRATEGIC METALS INC	SGOL	233407-10-5		110000		42		4		—			46
7	ELDORADO GOLD CORP NEW	EGO	284902-10-3		18000		326		—		(33	)		293
8	EXETER RES CORP	XRA	301835-10-4		20700		117		—		(6	)		111
9	EXTORRE GOLD MINES LTD	XG	30227B-10-9		22200		114		19		—			133
10	FORTUNA SILVER MINES INC	FVITF	349915-10-8		1900		8		2		—			10
11	HARMONY GOLD MNG LTD	HMY	413216-30-0		4900		58		15		—			73
12	HECLA MNG CO	HL	422704-10-6		20700		198		—		(10	)		188
13	IAMGOLD CORP	IAG	450913-10-8		8550		153		35		—			188
14	INTERNATIONAL TOWER HILL MINES	THM	46050R-10-2		14088		125		16		—			141
15	NEWMONT MINING CORP	NEM	651639-10-6		7700		447		—		(27	)		420
16	NORTH AMERN PALLADIUM LTD	PAL	656912-10-2		31300		207		—		(4	)		203
17	ORVANA MINERALS CORP	ORV	68759M-10-1		15000		50		—		(4	)		45
18	PAN AMERICAN SILVER CORP	PAAS	697900-10-8		6400		239		—		(1	)		239
19	RANDGOLD RES LTD	GOLD	752344-30-9		4725		437		—		(51	)		385
20	ROYAL GOLD INC	RGLD	780287-10-8		1400		68		5		—			73
21	SPDR Gold Shares	GLD	78463V-10-7		1300		175		7		—			182
22	SEABRIDGE GOLD INC	SA	811916-10-5		1250		39		1		—			40
23	SILVER STD RES INC	SSRI	82823L-10-6		1200		34		4		—			38
24	Silver Wheaton Corp	SLW	828336-10-7		10340		383		65		—			448
25	SILVERCORP METALS INC	SVM	82835P-10-3		1650		20		4		—			24
26	STILLWATER MNG CO	SWC	86074Q-10-2		5525		118		9		—			127
27	YAMANA GOLD INC	AUY	98462Y-10-0		2750		32		2		—			34
28	BARCLAYS BANK PLC ETN DJUBS SGAR38	SGG	06739H-21-4		2000		166		2		—			168
29	IPATH DJ-UBS GRAINS SUB INDEX ETN	JJG	06739H-30-5		7900		416		16		—			431
30	BARCLAYS BANK PLC ETN DJUBS NAT37	GAZ	06739H-64-4		86365		773		—		(26	)		747
31	ETFS CMMDTY SECS 0% UNDTD NTS CORN	CORN	0B15KX-S0-0		21900		29		19		—			48
32	ETFS COMMODITY SECS 0% SECD	HOGS:LN	0B15KX-Z7-7		93000		99		10		—			109
33	ETFS COM SECURITIE ETFS SUGAR (USD	ECYIF	0B15KY-65-1		4550		83		28		—			111
34	Julius Baer Invt Fnds ETF Gold	JBGOUA:SW	0B3F8G-34-6		143		160		42		—			203
35	Zuercher KTBK Gold ETF	ZGLDUS:SW	0B3KZW-54-8		40		38		19		—			57
36	DIREXION SHS ETF TR DLY LRG CAP BE	BGZ	25459W-15-1		2976		215		—		(109	)		106
37	ETFS PLATINUM TR SH BEN INT	PHPT:LN	26922V-10-1		1050		168		17		—			185
38	ETFS SILVER TR SILVER SHS	SIVR	26922X-10-7		3450		101		28		—			129
39	ETFS GOLD TR SHS	PHPT:LN	26922Y-10-5		750		96		11		—			107
40	ETFS PALLADIUM TR SH BEN INT	SIVR	26923A-10-6		3400		222		36		—			259
41	GLOBAL X URANIUM ETF	URA	37950E-75-4		4000		80		—		(21	)		59
42	GLOBAL X FDS SILVERS MINERS ETF	SIL	37950E-85-3		1025		24		5		—			29
43	Ishares Silver Trust ETF	SLV	46428Q-10-9		2925		82		26		—			108
44	Market Vectors ETF Gold Miners	GDX	57060U-10-0		9325		535		26		—			560
45	MARKET VECTORS ETF TR JR GOLD MINE	GDXJ	57060U-58-9		15820		579		41		—			620
46	Powershares DB Multi Sector Comm	DBA	73936B-40-8		26850		752		167		—			919
47	Powershares Multi Sectr Com Oil Fd	DBO	73936B-50-7		1750		50		6		—			56
48	Swedish Expt Cr Corp	RJA	870297-60-3		114300		877		418		—			1,295
49	UNITED STS GASOLINE FD LP UNITS	UGA	91201T-10-2		1675		72		12		—			84
50	ETF METAL SEC LTD ST HEILER GOLD	EFMSF	G3204R-10-1		1000		106		35		—			142


	Total Universal Insurance Holdings Inc				744,327	$	9,512	$	1,161	$	(328	)	$	10,345


	Total equity securities				5,962,514	$	74,318	$	10,222	$	(3,554	)	$	80,986

UNIVERSAL INSURANCE HOLDINGS, INC. - FORM 10-Q - EX-99.1 - May 6, 2011

Attached files

UNIVERSAL INSURANCE HOLDINGS, INC. Reports