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Universal American Financial Corp. Ratings and Company Information
Best Insurance Reports: B++
Url of page where rating was collected:
Best Rating: A.M. Best rating: B++ (subsidiaries)(very good)
Type of Insurance Company: Stock
Name of Parent Company:
Pennsylvania Life (PennLife)
Pyramid Life Insurance Co.
American Pioneer Life Insurance Co.
American Progressive Life Insurance Co.
Constitution Life Insurance Co.
Marquette National Life Insurance Co.
Company History: Universal American Financial Corp. is the holding company for the above-named insurance companies, specializing in the senior citizen healthcare market.
Principle Sales Methods: Career agents: PennLife, Pyramid Life
Independent agents: American Pioneer, American Progressive, Constitution Life, Marquette National Life and Union Bankers Life.
Life Annuity Business: Universal American Financial specializes in life and health-related insurance plans, primarily for seniors, which it sells through the above-name subsidiaries. Policies include Senior Medical Care, Medicare Supplemental, Medicare Drug Benefit and Medicare Advantage.
Special Business: Universal American Financial sells specialty health insurance to the self-employed, and life insurance plans to seniors, through the above-named subsidiaries.
Company Financial Status:
Ticker Symbol: UHCO (NASDAQ)
Assets & Premiums: 2005 Assets: $2.6 billion
Lines of Insurance:
States licensed to sell insurance in:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY