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Universal American Corp.

Universal American Corp. Reports First Quarter 2008 Results and Maintains 2008 Guidance

Published in Physician Law Weekly, May 21st, 2008

Universal American Corp. (NYSE: UAM) announced financial results for the quarter ended March 31, 2008.

First Quarter 2008 Highlights

-- Revenues increased to $1.2 billion

-- Net loss was $46.0 million, or $0.50 per share, including net realized losses of $29.3 million, or $0.32 per share, from additional impairments on our subprime portfolio

-- Repurchased 2.0 million shares at a total cost of $23.8 million

Maintaining 2008 Guidance

-- Revenues between $4.5 and $4.9 billion

-- Earnings per share of $1.56 to $1.74, excluding realized gains and...

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