Financial Highlights

At Universal American Financial Corp., our ability to recognize emerging opportunities has been the key to our success.

Once these opportunities are identified, we act upon them -- through informed business decisions, targeted acquisitions, and efficient integration and consolidation measures.

While our industry has undergone many significant changes in recent years, we do not see this as a liability. Indeed, we view change as a starting point for growth. This has certainly been our experience.



SENIOR MARKET BROKERAGE DIVISION
  • American Pioneer Life Insurance Company (FL)
  • American Progressive Life and
    Health Insurance Company (NY)
  • Constitution Life Insurance Company (TX)
  • Union Bankers Insurance Company (TX)
  • Marquette National Life Insurance Company (TX)
  • Peninsular Life Insurance Company (FL)
  • American Exchange Life Insurance Company (TX)
CAREER AGENCY DIVISION
  • Pennsylvania Life Insurance Company (PA)
  • PennCorp Life Insurance Company (Canada)
ADMINISTRATIVE SERVICES DIVISION
  • CHCS Services, Inc.
  • Worldnet Services Corp.
  • American Insurance Administration Group, Inc.

 FINANCIAL HIGHLIGHTS
                                               1998        1999        2000   
                                           (In thousands, per share amounts in dollars)
 Income Statement Data
 Premium in Force . . . . . . . . . . . . $ 142,469  $  438,287  $  485,617
 Total Revenues . . . . . . . . . . . . . . .56,089     148,136     284,091
 Pre-tax Operating Income . . . . . . . . . . 3,932      16,056      33,066
 Net Income . . . . . . . . . . . . . . . . . 2,608       9,813      22,885
 Net Income per Common Share (Diluted) . . . . 0.20        0.34        0.49
 
 
 Balance Sheet Data
 Total Assets . . . . . . . . . . . . . . $ 283,302  $1,153,421  $1,189,864
 Total Stockholders’ Equity . . . . . . . . .28,318     133,965     173,949
 Book Value per Common Share (Diluted) . . . . 2.59        2.91        3.67