Universal American Corp. (UAM) Q2 2010 Earnings Call July 30, 2010 9:00 a.m. ET Executives Richard Barasch – Chairman and CEO Martina Alisuag – Director, IR Bob Waegelein – EVP and CFO Analysts Sarah James – Wedbush Daryn Miller – Goldman Sachs Joe (Coons?) – Barclays Capital Carl McDonald – Citigroup Tom Carroll – Stifel Nicolaus PresentationOperator
Good day everyone, and welcome to the Universal American Corporation second quarter 2010 conference call. At this time, I would like to inform you that this conference is being recorded and that all participants are currently in a listen-only mode. I would now like to turn today’s conference over to Mr. Richard Barasch. Please go ahead, sir. Richard Barasch Thank you and good morning everyone. Thanks for joining us on our second quarter 2010 conference call. I'm here with Bob Waegelein, our CFO and Martina Alisuag, our Director of Investor Relations. I'd like to ask Martina to read our Safe Harbor language. Martina Alisuag Before we begin, I would like to remind you that we have posted a presentation for this call on the investor section of our website, www.universalamerican.com. I would like to remind you that some of the information discussed during this conference call will constitute forward-looking statements within the meaning of the federal securities laws. These forward-looking statements may include statements regarding the likelihood or effect of any legislative or regulatory changes; our expectations of the performance of our Medicare Advantage, Part D, Med Sup, and other lines of business; the estimation of loss ratios and lapsations; the adequacy of reserves; our ability to institute future rate increases; expectations regarding our Part D and Medicare Advantage programs, including our estimates of membership, costs, revenue, future operating results, prior period adjustments, the success of our filings for new products, estimates of future membership, and the risks inherent in these businesses; the identification of acquisition candidates; the completion, integration, or accretion of any acquisition transactions; and the viability of any acquisition proposal.