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May 10, 2002 at 08:00 PM
NU Online News Service, May 10, 12:14 p.m. – Universal American Financial Corp., Rye Brook, N.Y., is reporting $7.5 million in net income for the first quarter on $82 million in revenue, up from $7 million in net income on $75 million in revenue for the first quarter of 2001.
Universal American sells supplemental life insurance and health insurance policies aimed at older consumers. A subsidiary, CHCS Services Inc., provides administrative services for senior programs, such as other companies’ long-term care insurance programs.
