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UNITED WISCONSIN SERVICES DECLARES QUARTERLY DIVIDEND

 UNITED WISCONSIN SERVICES DECLARES QUARTERLY DIVIDEND
 MILWAUKEE, May 27 /PRNewswire/ -- The Board of Directors of United


Wisconsin Services, Inc. (NASDAQ: UWSI) today declared a quarterly dividend on common stock of $.18 per share. This dividend is payable on June 24, 1992 to shareholders of record at the close of business on June 10, 1992. The dividends paid to UWSI's parent company, Blue Cross & Blue Shield United of Wisconsin, which holds approximately 81 percent of the outstanding shares of common stock of UWSI, will be returned to UWSI in the form of a capital contribution.
 The quarterly dividend was announced by Thomas R. Hefty, president and chief executive officer, during UWSI's first annual shareholders meeting held today at the Company's headquarters in Milwaukee. Hefty told shareholders that UWSI is continuing to show substantial gains because of its strategy of combining managed care and solid traditional underwriting. "Our mix of managed care businesses gives us opportunities for growth in several attractive markets, and also provides us with a healthy balance of earnings", said Hefty. According to Hefty, earned premiums have increased from $163 million in 1988 to $307 million in 1991. In the first quarter of 1992 UWSI reported earnings of $5.2 million, or $0.71 per share. These earnings reflect a 171 percent increase over 1991's earnings for the same period of $1.9 million, or $0.32 per share. Hefty noted that there were substantial first quarter underwriting gains as a result of an unexpected drop in the rate of health care inflation.
 In addition, net realized investment gains contributed to a successful first quarter. Hefty also announced that the Board of Directors of UWSI approved calling a special meeting of shareholders in August of 1992 for the purpose of amending the Company's Articles of Incorporation to authorize additional shares of Common Stock. The board of directors believes it may be desirable to have additional authorized shares of Common Stock available for employee benefit plans, stock dividends and splits, possible acquisitions and other general corporate purposes. All shareholders will receive proper notice along with a Proxy Statement describing the actions proposed and the reasons for such actions.
 United Wisconsin Services, Inc., formerly a wholly owned subsidiary of Blue Cross & Blue Shield United of Wisconsin, is a leading provider of group health insurance and managed health care services, primarily in Wisconsin. Compcare Health Services Insurance Corporation, a wholly- owned subsidiary of United Wisconsin Services, is Wisconsin's largest and oldest health maintenance organization. Also included in the Company's HMO operations are Dentacare, the states' largest and oldest prepaid Dental program, and Midelfort Health Plan, Inc., a recently acquired Eau Claire, Wisc.-based HMO.
 In addition, UWSI has a joint venture agreement with American Medical Security, Inc., which markets and administers, on behalf of UWSI, low cost health insurance to employers with typically 25 or fewer employees. In addition to health insurance, UWSI, through the United Wisconsin Group, also underwrites and markets long-term and short-term disability, vision, life and other insurance. Through various other subsidiaries and joint ventures, UWSI also markets managed care services, computer software for electronic claims processing to health care providers, benefit consulting services and workers' compensation coverage.
 -0- 5/27/92
 /CONTACT: Tom Luljak of United Wisconsin Services, 414-226-5756/
 (UWSI) CO: United Wisconsin Services ST: Wisconsin IN: MTC SU: DIV


KH -- MN012 -- 4431 05/27/92 16:56 EDT
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Publication:PR Newswire
Date:May 27, 1992
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