Universal American reports lower net income
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- February
- 19
Universal American Corp., a life and health insurance holding company based in Rye Brook, reported net income of $56.3 million for the fourth quarter, or 61 cents per share. That compares to net income of $64 million, or $1.06 per share, a year earlier. The prior year results included income from discontinued operations and the gain on sale of the Canadian operations of $49.9 million. Net income from continuing operations in the fourth quarter of 2006 was $14.1 million. Total revenues from continuing operations for the fourth quarter of 2007 rose 205 percent to $1.0 billion.
This entry was posted
on Tuesday, February 19th, 2008 at 6:01 pm by Jay Loomis.
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