UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  SCHEDULE 13G


                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                               (AMENDMENT NO. 2) *

                       UNIVERSAL INSURANCE HOLDINGS, INC.
                       ----------------------------------
                                (Name of Issuer)

                                  COMMON STOCK
                                  ------------
                         (Title of Class of Securities)

                                    91359V107
                                    ---------
                                 (CUSIP Number)

                                December 31, 2002
                                -----------------
              Date of Event Which Requires Filing of this Statement


Check the  appropriate box to designate the rule pursuant to which this Schedule
is filed:

         [ ]  Rule 13d-1(b)
         [ ]  Rule 13d-1(c)
         [x]  Rule 13d-1(d)

*The  remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for any  subsequent  amendment  containing  information  which  would  alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).



--------------------------------------       -----------------------------------

CUSIP NO.  91359V107                    13G    PAGE 2 OF 5 PAGES
--------------------------------------       -----------------------------------

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  1     NAME OF REPORTING PERSON
        I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)


        Bradley I. Meier
--------------------------------------------------------------------------------

  2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP        (a)   [ ]
        (See Instructions)                                      (b)   [ ]


        Inapplicable
--------------------------------------------------------------------------------

  3     SEC USE ONLY

--------------------------------------------------------------------------------

  4     CITIZENSHIP OR PLACE OF ORGANIZATION

        United States
--------------------------------------------------------------------------------

                     5   SOLE VOTING POWER
    NUMBER OF
      SHARES             11,649,208
   BENEFICIALLY    -------------------------------------------------------------
     OWNED BY        6   SHARED VOTING POWER
       EACH
    REPORTING            666,666
      PERSON       -------------------------------------------------------------
       WITH          7   SOLE DISPOSITIVE POWER

                         11,649,208
                   -------------------------------------------------------------
                     8   SHARED DISPOSITIVE POWER

                         0
--------------------------------------------------------------------------------

9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

              12,315,874 shares of Common Stock (includes  options to purchase
              3,402,838 shares of Common Stock exercisable as of the reporting
              date or within 60 days thereof).

--------------------------------------------------------------------------------

10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
        (See Instructions)

--------------------------------------------------------------------------------

11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

        50.1
--------------------------------------------------------------------------------

12      TYPE OF REPORTING PERSON (See Instructions)

        IN
--------------------------------------------------------------------------------



ITEM 1.

   (a) NAME OF ISSUER - Universal Insurance Holdings, Inc.
   (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES - 2875 N.E. 191st Street,
       Suite 300, Miami, Florida 33180

ITEM 2.

   (a) NAME OF PERSON FILING - Bradley I. Meier
   (b) ADDRESS OF PRINCIPAL  BUSINESS OFFICE OR, IF NONE,  RESIDENCE - 2875 N.E.
       191st Street, Suite 300, Miami, Florida 33180
   (c) CITIZENSHIP - Bradley I. Meier - United States
   (d) TITLE OF CLASS OF SECURITIES - Common Stock
   (e) CUSIP NUMBER - 91359V107

ITEM 3.

   IF THIS  STATEMENT  IS FILED  PURSUANT  TO RULE  13d-1(b) OR 13d-2(b) OR (c),
   CHECK WHETHER THE PERSON FILING IS:

   (a) [ ] Broker or dealer registered under section 15 of the Act
   (b) [ ] Bank as defined in section 3(a)(6) of the Act
   (c) [ ] Insurance company as defined in section 3(a)(19) of the Act
   (d) [ ] Investment company registered under section 8 of the Investment
       Company Act of 1940

   (e) [ ] Investment adviser in accordance with ss.240.13d-1(b)(1)(ii)(E)
   (f) [ ] Employee benefit plan or endowment fund in accordance with
       ss.240.13d-l(b)(l)(ii)(F)
   (g) [ ] Parent holding company or control person in accordance with
       ss.240.13d-l(b)(1)(ii)(G)
   (h) [ ] Savings association as defined in section 3(b) of the Federal Deposit
       Insurance Act
   (i) [ ] Church plan that is excluded from the definition of an investment
       company under section 3(c)(14) of the Investment Company Act of 1940
   (j) [ ] Group in accordance with ss.240.13d-l(b)(l)(ii)(J)

ITEM 4.  OWNERSHIP

   PROVIDE THE FOLLOWING INFORMATION REGARDING THE AGGREGATE NUMBER AND
   PERCENTAGE OF THE CLASS OF SECURITIES OF THE ISSUER IDENTIFIED IN ITEM 1.

   (a) AMOUNT BENEFICIALLY OWNED - 12,315,874
   (b) PERCENT OF CLASS - 50.1
   (c) NUMBER OF SHARES AS TO WHICH THE PERSON HAS:

       (i)    SOLE POWER TO VOTE OR TO DIRECT THE VOTE - 11,649,208
       (ii)   SHARED POWER TO VOTE OR TO DIRECT THE VOTE - 666,666
       (iii)  SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF - 11,649,208
       (iv)   SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF - 0

ITEM 5.  OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

   If this statement is being filed to report the fact that as of the date
   hereof the reporting person has ceased to be the beneficial owner of more
   than five percent of the class of security, check the following [ ].

ITEM 6.  OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

   Inapplicable.

ITEM 7.  IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
         SECURITIES BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL
         PERSON

   Inapplicable.

                               Page 3 of 5 pages



ITEM 8.  IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

   Inapplicable.

ITEM 9.  NOTICE OF DISSOLUTION OF GROUP

   Inapplicable.

ITEM 10.  CERTIFICATIONS

   Inapplicable.

                          [SIGNATURE ON FOLLOWING PAGE]

                                Page 4 of 5 pages



                                    SIGNATURE


      After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

Date:  March 6, 2003

                                       Signature:  /s/ Bradley I. Meier
                                                 --------------------------
                                       Name:     Bradley I. Meier
                                       Title:    Chief Executive Officer



ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)

                                Page 5 of 5 pages