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Article: Universal American Corp. Reports Fourth Quarter and Year Ended 2008 Results and Reaffirms 2009 Guidance.(Financial report)
- Article from:
- Business Wire
- Article date:
- February 17, 2009
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RYE BROOK, N.Y. -- Universal American Corp. (NYSE: UAM) today announced financial results for the quarter and year ended December 31, 2008.
Fourth Quarter 2008 Highlights
* Net income was $63.9 million, or $0.75 per share, including net realized losses of $3.4 million, or $0.04 per share, and goodwill impairment of $3.9 million, or $0.05 per share.
* Revenues increased to $1.1 billion.
Full Year 2008 Highlights
* Net income was $95.1 million, or $1.08 per share, including net realized losses of $38.8 million, or $0.44 per share, and goodwill impairment of $3.9 million, or $0.05 per share.
* Revenues increased to $4.7 ...