Spreadsheet: b30d4e46-12bd-4609-858d-1e39fa2429fb
Sheet: Balance Sheet - New Present.

UNIVERSAL AMERICAN CORP. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In thousands)
ASSETS |  | December 31, |  | September 30, |  | June 30, |  | March 31, |  | December 31,
 |  | 2011 |  | 2011 |  | 2011 |  | 2011 (1) |  | 2010 (1)
 |  |  |  | ([NAME]) |  | ([NAME]) |  | ([NAME])
Investments:
Fixed maturities available for sale, at fair value
(amortized cost: 2011, 1,200,674; 2010, $1,388,604) |  | 1222947.57442 |  | 1223576.03068 |  | 1197337 |  | 1264567 |  | 1398498
Other invested assets |  | 1561.41206 |  | 1511.467719999998 |  | 1476 |  | 1454 |  | 1409
Total investments
Cash and cash equivalents |  | 63538.87055 |  | 219389.90855 |  | 20135 |  | -11182.48145024994 |  | 23223.6166296023
Accrued investment income |  | 10297.36986 |  | 11205.58852 |  | 10700 |  | 11731 |  | 12455
Deferred policy acquisition costs |  | 141513 |  | 142517.43291 |  | 142605 |  | 142452 |  | 144750
Reinsurance recoverables - life |  | 559274 |  | 567319 |  | 572724 |  | 584265 |  | 590253
Reinsurance recoverables - health |  | 122269 |  | 122158 |  | 120413 |  | 124275.20752 |  | 127614.13042
Due and unpaid premiums |  | 32510.05929 |  | 17967.20925 |  | 98364 |  | 75455.46611 |  | 52616.64827000001
Present value of future profits and other amortizing intangible assets |  | 17401 |  | 34111.60126 |  | 35132 |  | 36261.08971 |  | 37433.523
Goodwill and other indefinite lived intangible assets |  | 77458.71897 |  | 77458.71859 |  | 77459 |  | 77458.36193999997 |  | 77459.36200000002
Income taxes receivable |  | 51174.78039281822 |  | 17234.65418281822 |  | 22987 |  | 18289 |  | 0
Advances to agents |  | 16412.05085999999 |  | 24017.81238 |  | 28007 |  | 31650 |  | 36717.474
Other assets |  | 72160 |  | 110553.22569 |  | 139071 |  | 143871.77578 |  | 141738.13736
Assets of discontinued operations |  | 0 |  | 0 |  | 0 |  | 1058105.58039025 |  | 1011842.108320398
Total assets
LIABILITIES  AND STOCKHOLDERS' EQUITY
LIABILITIES
Reserves and other policy liabilities - life |  | 561889 |  | 568034 |  | 571438 |  | 577407 |  | 582248
Reserves for future policy benefits - health |  | 408872 |  | 404152 |  | 407525 |  | 408679 |  | 407312
Policy and contract claims – health |  | 182792 |  | 193799.61742 |  | 217664 |  | 248002.64425 |  | 306390
Premiums received in advance |  | 17072 |  | 164009.25131 |  | 9310 |  | 11385 |  | 16410
Series A mandatorily redeemable preferred shares |  | 40000 |  | 40000 |  | 40000 |  | 0 |  | 0
Amounts due to reinsurers |  | 9204 |  | 11165.51448999999 |  | 8456 |  | 5998 |  | 6710
Income taxes payable |  | 0 |  | 0 |  | 0 |  | 0 |  | 48983
Deferred income tax payable |  | 52032 |  | 32704.13716825683 |  | 35164 |  | 27264.44935825 |  | 24396
Other liabilities |  | 131351 |  | 149197.65561 |  | 176759 |  | 160142.90935 |  | 181813
Liabilities of discontinued operations |  | 0 |  | 0 |  | 0 |  |  |  | 579054
Total liabilities
STOCKHOLDERS' EQUITY
Series A Preferred Stock (Authorized: 2011, 0 shares; 2010, 300,000 shares, issued and outstanding:  2010; 42,105 shares, liquidation value 2010, $86,105) |  | 0 |  | 0 |  | 0 |  | 42 |  | 42
Series B Preferred Stock (Authorized:  300,000 shares) |  | 0 |  | 0 |  |  |  | 0 |  | 0
Common stock - voting (Authorized: 2011, 400 million shares; 2010, 200 million shares, issued and outstanding: 2011, 78.2 million shares; 2010, 78.6 million shares) |  | 781.65775 |  | 782 |  | 782 |  | 793 |  | 786
Common stock - non-voting (Authorized: 2011,  60 million shares; 2010, 30 million shares, issued and outstanding : 2011, 3.3 million shares |  | 33 |  | 33 |  | 33 |  | 0 |  | 0
Additional paid-in capital |  | 738029.4965900001 |  | 737092 |  | 747079 |  | 807841 |  | 801155
Accumulated other comprehensive income (loss) |  | 11165.768889 |  | 12783 |  | 12193 |  | -2628 |  | -2469
Retained earnings |  | 235295.8889597197 |  | 255269 |  | 240007 |  | 702371 |  | 734598
Less:  Treasury Stock (2010; 2.9 million shares) |  | 0 |  | 0 |  | 0 |  | -42441 |  | -31418
Total stockholders' equity
Total liabilities and stockholders' equity
(1)  Restated to reflect discontinued operations