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