| Business Summary | | Universal
American
Financial
Corp.
is
the
parent
holding
company
for
a
group
of
life
and
health
insurance
companies
and
administrative
services
companies
with
special
expertise
in
servicing
senior
market
insurance
products.
The
Company
develops,
markets
and
administers
its
insurance
products
through
nine
insurance
companies,
grouped
into
Senior
Market
Brokerage
and
Career
Agency.
The
Senior
Market
Brokerage
segment
focuses
on
products
designed
for
the
senior
market,
including
supplemental
health
insurance,
long-term
care,
final
expense
life
insurance
and
annuities.
The
Career
Agency
segment
traditionally
concentrated
on
selling
fixed
benefit
accident
and
sickness
insurance
and
individual
life
insurance
products
to
the
self-employed
market,
but
recently
has
expanded
into
the
senior
market.
Collectively,
the
Company's
insurance
subsidiaries
are
licensed
to
do
business
in
all
50
states
and
all
the
provinces
of
Canada. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Universal
American
Financial
is
a
life
and
accident
and
health
insurance
holding
company
that
operates
in
three
segments:
senior
brokerage,
career
agents,
and
special
markets.
For
the
six
months
ended
6/30/01,
revenues
rose
6%
to
$151.4
million.
Net
income
increased
16%
to
$13.1
million.
Results
reflect
a
strong
growth
in
the
Senior
Market
Brokerage
and
Administrative
Services
segments
and
a
$1.9
million
investment
gain. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Richard Barasch, 46 Chairman,
Pres and CEO | $766K | Gary Bryant, 50 COO | 347K | Robert Waegelein, 39 Sr.
VP and CFO | 324K | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|