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Home > Company Index > Insurance > Life Insurance > Universal American Financial Corp.

Universal American Financial Corp.
Nasdaq: UHCO
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 PROFILE
Universal American Financial is the holding company for a group of nine firms that sell life insurance, fixed-benefit accident and sickness policies, and annuities in the US and Canada. Targeting the senior market, the company also offers Medicare supplement, home health and nursing home care, and hospitalization insurance. Universal uses independent marketing groups and its own agents to sell its products. WorldNet, a subsidiary, provides policy verification and processing services to the company and third parties. The firm also owns third party administrator American Insurance Administration Group. The company is buying Penn Treaty's New York unit. Investment firm Capital Z Partners owns about 55% of the company.

 COMPETITION
Metropolitan Life Insurance Company (MET)
New York Life Insurance Company (dossier)
Prudential Financial (dossier)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 284.10
1-Yr. Sales Growth: 91.8%
Employees: 790
Revenue per employee: $359,620.25

 KEY PEOPLE
• Richard A. Barasch
    CEO
• Robert A. Waegelein
    CFO

 CONTACT INFO
6 International Dr., Ste. 190
Rye Brook, NY 10573
US
Phone: 914-934-5200
Fax: 914-934-9123
Online: Web Site

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