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Company Ownership

Effective April 5, 2006 HealthMarkets (formerly UICI) merged with affiliates of The Blackstone Group, Goldman Sachs Capital Partners and DLJ Merchant Banking Partners, each of which is a private equity firm. Following the merger, the stockholders of HealthMarkets include members of management, HealthMarkets' dedicated insurance agents associated with the UGA-Association Field Services or Cornerstone America marketing divisions and the investment affiliates of the private equity firms.

The Blackstone Group, a private investment and advisory firm with offices in New York, Atlanta, Boston, Los Angeles, London, Hamburg, Paris and Mumbai, was founded in 1985. Since its formation, the firm has raised a total of approximately $50 billion for alternative asset investing, of which over $26 billion has been raised for private equity investing (including Blackstone Capital Partners V, the largest institutional private equity fund ever raised at $13 billion). In addition to private equity investing, The Blackstone Group's core businesses are private real estate investing, corporate debt investing, marketable alternative asset management, corporate advisory, and restructuring and reorganization advisory.

Founded in 1869, Goldman Sachs is one of the oldest and largest investment banking firms. Goldman Sachs also ranks as one of the largest private equity investors in the world. Established in 1991, the Goldman Sachs Capital Partners Funds are part of the firm's principal investment area in the merchant banking division. Goldman Sachs' principal investment area has formed 11 investment vehicles aggregating approximately $24 billion of equity capital to date. With $8.5 billion in committed capital, GS Capital Partners V is the current primary investment vehicle for Goldman Sachs to make privately negotiated equity investments.

DLJ Merchant Banking Partners (DLJMB) is a leading private equity investor that has a 20 year record of investing in leveraged buyouts and related transactions across a broad range of industries. DLJMB, with offices in New York, London, Los Angeles and Buenos Aires, is part of Credit Suisse's asset management business.