Spreadsheet: b30d4e46-12bd-4609-858d-1e39fa2429fb
Sheet: Sub-Prime Exposure - Summary

Universal American
Summary of Exposure to Sub-Prime Mortgages
As of 12/31/2010 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | As of 12/31/2010 |  |  |  |  |  |  |  | As of 09/30/2010
($ in 000s) |  | Quality Rating by Book Value |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Book Value |  |  | Market Value |  |  | Unr G/(L) |  | Book Value |  |  | Market Value |  |  | Unr G/(L)
 |  | AAA | AA+ | AA | A+ | A | A- | BBB | BB | BB- | [NAME] | B | B- | CCC | CC+ |  | $ | % |  | $ | % |  | $ |  | $ | % |  | $ | % |  | $
PLIC |  | 0 | 2275 | 4000 | 0 | 0 | 0 | 0 | 0 | 3500 | 0 | 0 | 0 | 0 | 0 |  | 9775 | 0.4532085893111855 |  | 7417.453 | 0.469208202424944 |  | -2357.547 |  | 9775 | 0.4529035145078744 |  | 6074.50743 | 0.4735782562943215 |  | -3700.49257
% split |  | - | 0.2327365728900256 | 0.4092071611253197 | - | - | - | - | - | 0.3580562659846547 | - | - | - | - | - |  | 1 |  |  | 0.7588187212276215 | of BV |  |  |  | 1 |  |  | 0.6214329851662403 | of BV
AM PROG |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1750 | 0 | 0 | 0 | 0 | 0 |  | 1750 | 0.08113708760046799 |  | 901.212 | 0.05700825640874147 |  | -848.788 |  | 1750 | 0.0810824706280082 |  | 413.62475 | 0.03224684307698257 |  | -1336.37525
% split |  | - | - | - | - | - | - | - | - | 1 | - | - | - | - | - |  | 1 |  |  | 0.5149782857142857 | of BV |  |  |  | 1 |  |  | 0.236357 | of BV
PYRAMID |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 210.09 | 0 | 0 | 184.78 | 0 | 0 |  | 394.87 | 0.0183077724461696 |  | 214.481 | 0.01356749337869811 |  | -180.389 |  | 409.3987100000001 | 0.01896860507355397 |  | 171.028 | 0.01333361477467239 |  | -238.3707100000001
% split |  | - | - | - | - | - | - | - | - | 0.532048522298478 | - | - | 0.467951477701522 | - | - |  | 1 |  |  | 0.5431686377795224 | of BV |  |  |  | 0.9999999999999999 |  |  | 0.417754125312217 | of BV
AM PION |  | 0 | 4450 | 0 | 0 | 0 | 0 | 0 | 0 | 1750 | 0 | 0 | 0 | 0 | 0 |  | 6200 | 0.2874571103559437 |  | 4394.377 | 0.2779765147076117 |  | -1805.623 |  | 6200 | 0.2872636102249434 |  | 3592.26991 | 0.2800590730557983 |  | -2607.73009
% split |  | - | 0.717741935483871 | - | - | - | - | - | - | 0.2822580645161291 | - | - | - | - | - |  | 1 |  |  | 0.7087704838709679 | of BV |  |  |  | 1 |  |  | 0.5793983725806452 | of BV
SELCARTX |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 173.565 | 0 | 0 | 0 |  | 173.565 | 0.008047176348214415 |  | 247.43 | 0.01565175883500764 |  | 73.86500000000001 |  | 173.56474 | 0.00804174739034736 |  | 198.56923 | 0.0154807728496113 |  | 25.00449
% split |  | - | - | - | - | - | - | - | - | - | - | 1 | - | - | - |  | 1 |  |  | 1.425575432834961 | of BV |  |  |  | 1 |  |  | 1.144064341639898 | of BV
UNION |  | 0 | 1000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |  | 1000 | 0.04636405005741028 |  | 844.678 | 0.05343206704618107 |  | -155.322 |  | 1000 | 0.04633284035886184 |  | 750.007 | 0.05847173805638677 |  | -249.9930000000001
% split |  | - | 1 | - | - | - | - | - | - | - | - | - | - | - | - |  | 1 |  |  | 0.844678 | of BV |  |  |  | 1 |  |  | 0.750007 | of BV
CONSLIFE |  | 0 | 2275 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |  | 2275 | 0.1054782138806084 |  | 1788.816 | 0.1131557071988159 |  | -486.184 |  | 2275 | 0.1054072118164107 |  | 1626.82293 | 0.1268297018922272 |  | -648.17707
% split |  | - | 1 | - | - | - | - | - | - | - | - | - | - | - | - |  | 1 |  |  | 0.7862927472527472 | of BV |  |  |  | 1 |  |  | 0.7150870021978022 | of BV
Totals |  | 0 | 10000 | 4000 | 0 | 0 | 0 | 0 | 0 | 7210.09 | 0 | 173.565 | 184.78 | 0 | 0 |  | 21568.435 | 0.9999999999999999 |  | 15808.447 | 1 |  | -5759.988 |  | 21582.96345 | 0.9999999999999999 |  | 12826.82925 | 1 |  | -8756.1342
 |  | - | 0.4636405005741028 | 0.1854562002296411 | - | - | - | - | - | 0.3342889736784333 | - | 0.008047176348214415 | 0.008567149169608271 | - | - |  | 0.9999999999999999 | 0 |  | 0.7329436280379175 | of BV
As of 9/30/2010 |  | 0 | 10000 | 4000 | 0 | 0 | 0 | 0 | 0 | 7219.18162 | 0 | 173.56474 | 190.21709 | 0 | 0 |  | 21582.96345 | 0 |  | 12826.82925 |  |  | -8756.1342
 |  | - | 0.4633284035886183 | 0.1853313614354473 | - | - | - | - | - | 0.3344851895210896 | - | 0.00804174739034736 | 0.008813298064497254 | - | - |  | 0.9999999999999998 |  |  | 0.5943034319506295 | of BV
Change |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -9.091620000000148 | 0 | 0.0002599999999972624 | -5.437090000000012 | 0 | 0 |  | -14.52844999999797 |  |  | 2981.617750000003 |  |  | 2996.1462
 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0.001260957907598955 | 0 | 1.49799786821803e-06 | -0.0294246671717719 | 0 | 0 |  | -0.0006735977830564885 |  |  | 0.1886091499057436