Universal American Financial Corp. (NASDAQ: UHCO) is a publicly traded company whose subsidiaries market, underwrite and administer life and accident & health insurance products, with a primary emphasis on the senior market.

As of March 30, 2001, Universal American had approximately $1.2 billion of assets, $511 million of premium in force and $184 million of shareholder equity.

Universal American operates through three business segments:
  1. Senior Market Brokerage
    American Pioneer Life, American Progressive, Union Bankers and Constitution Life sell Medicare Supplement and Select, Long Term Care and Senior Life and Annuity insurance products through independent marketing organizations.

  2. Career Agency
    Pennsylvania Life and PennCorp Life (Canada), through a career agency force, sell life and supplemental health insurance products primarily to the self-employed market, with an increasing emphasis on selling senior market products.


  3. Administrative Services:
    Universal American's third party administrator, CHCS Services Inc., offers full service outsourcing capability for all senior market insurance products, including underwriting and risk evaluation, policy administration, claims adjudication and management, financial reporting, marketing support and risk management.


 

2001 UNIVERSAL AMERICAN FINANCIAL CORP.
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