Universal American Financial Corp. Added to Russell 2000 and Russell 3000 Stock Indexes   7/26/01

Universal American Financial Corp. Added to Russell 2000 and Russell 3000 Stock Indexes
RYE BROOK, N.Y.--(BUSINESS WIRE)--July 26, 2001--Universal American Financial Corp. (NASDAQ National Market: UHCO) (``Universal American'') today announced that it has been added to the Russell 2000 and Russell 3000 Indexes, effective July 1, 2001.

The Russell 3000 Index measures the performance of the 3,000 largest U.S companies based on total market capitalization. The largest 1,000 companies in the ranking comprise the Russell 1000, while the remaining 2,000 companies become the small-cap Russell 2000 Index. The Frank Russell Company's 21 U.S. equity indexes are widely used as benchmarks for both passive and active investment strategies.

Frank Russell Company, a global investment services firm, provides manager-of-manager investment products and services in more than 35 countries. Russell manages $66 billion in assets and advises clients representing more than US$1 trillion worldwide. Founded in 1936, Russell is a subsidiary of Northwestern Mutual and is headquartered in Tacoma, Wash., with additional offices in New York, Toronto, London, Paris, Singapore, Sydney, Auckland and Tokyo.

Universal American Financial Corp. offers a portfolio of supplemental life and health insurance products, primarily to the senior market, as well as administrative services for insurance and non-insurance programs in the senior market.

Except for the historical information contained above, this document may contain some forward looking statements, including statements related to 2001 operating results, which involve a number of risks and uncertainties that could cause actual results to differ materially. These risk factors are listed from time to time in the Company's SEC reports.


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Contact:

Universal American Financial Corp., Rye Brook
Robert A. Waegelein, 914/934-8820
or
The Equity Group Inc., New York
Investor Relations Counsel:
Stephanie K. Horton, 212/836-9611
skhorton@equityny.com
Linda Latman, 212/836-9609


 

 

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