UNAM Unico American Corp.

Unico American Corporation Announces Conclusion of Strategic Alternatives Review Process

CALABASAS, Calif.--(BUSINESS WIRE)--

Unico American Corporation (NASDAQ: UNAM) (“Unico” or the “Company”) today announced its Board of Directors has concluded its previously announced formal review of strategic alternatives for the Company. Following a comprehensive process, the Board of Directors determined that it was in the best interests of the Company and its stockholders to execute on the Company’s existing business plans. In connection with the conclusion of its review, the Special Committee of the Board of Directors has informed its financial advisor that its engagement for such review has terminated.

About Unico

Headquartered in Calabasas, California, Unico is an insurance holding company that underwrites property and casualty insurance through its insurance company subsidiary; provides property, casualty and health insurance through its agency subsidiaries; and through its other subsidiaries provides insurance premium financing and membership association services. Unico has conducted the majority of its operations through its subsidiary Crusader Insurance Company since 1985. For more information concerning Crusader Insurance Company, please visit the Crusader’s website at www.crusaderinsurance.com.

Forward-Looking Statements

Certain statements in this press release are forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995 and the Company intends that such forward-looking statements are subject to the safe harbors created thereby. These statements, which may be identified by words or phrases such as “anticipate,” “appear,” “believe,” “estimate,” “expect,” “intend,” “plan,” “predict,” “will,” “may,” “likely,” “future,” “should,” “could,” and “would” and similar words, are intended to identify forward-looking statements. In addition, any statements that refer to projections of the Company’s future financial performance, trends in its businesses, or other characterizations of future events or circumstances are forward-looking statements.

EN
30/01/2018

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Reports on Unico American Corp.

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Unico American Corporation Reports Second Quarter 2019 Financial Resul...

CALABASAS, Calif.--(BUSINESS WIRE)-- Unico American Corporation (NASDAQ: UNAM) (“Unico,” the “Company”) announced today its consolidated financial results for the three and six months ended June 30, 2019. For the three months ended June 30, 2019, net loss was $276,677 ($0.05 diluted loss per share) compared to net income of $168,297 ($0.03 diluted income per share) for the three months ended June 30, 2018. For the six months ended June 30, 2019, net loss was $947,751 ($0.18 diluted loss per share) compared to net loss of $2,038,955 ($0.38 diluted loss per share) for the six months ended June 3...

August 14, 2019 1 EN
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Unico American Corporation Reports First Quarter 2019 Financial Result...

CALABASAS, Calif.--(BUSINESS WIRE)-- Unico American Corporation (NASDAQ: UNAM) (“Unico,” the “Company”) announced today its consolidated financial results for the three months ended March 31, 2019. For the three months ended March 31, 2019, revenues were $7.1 million and net loss was $0.7 million ($0.13 diluted loss per share) compared with revenues of $8.8 million and net loss of $2.2 million ($0.42 diluted loss per share) for the three months ended March 31, 2018. Stockholders’ equity was $56.2 million as of March 31, 2019,...

May 15, 2019 1 EN
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Unico American Corporation Reports Fourth Quarter and Full Year 2018 F...

CALABASAS, Calif.--(BUSINESS WIRE)-- Unico American Corporation (NASDAQ: UNAM) (“Unico,” the “Company”), announced today its consolidated financial results for the three and twelve months ended December 31, 2018. For the three months ended December 31, 2018, revenues were $8.0 million and net loss was $0.5 million ($0.09 diluted loss per share) compared with revenues of $9.3 million and net loss of $2.8 million ($0.52 diluted loss per share) for the three months ended December 31, 2017. For the twelve months ended December 31, 2018, r...

February 28, 2019 1 EN
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Unico American Corporation Reports AM Best Rating of Crusader Insuranc...

CALABASAS, Calif.--(BUSINESS WIRE)-- Unico American Corporation (NASDAQ: UNAM) (“Unico” or the “Company”), announced today that on January 17, 2019, AM Best Company downgraded the Financial Strength Rating (“FSR”) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (“Long-Term ICR”) to “bbb+” from “a-” of Crusader Insurance Company (“Crusader”). The outlook of the FSR has been revised to stable from negative while the outlook of the Long-Term ICR remains negative. Crusader is a wholly owned subsidiary of Unico. ...

January 17, 2019 1 EN
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Unico American Corporation Reports Third Quarter 2018 Financial Result...

CALABASAS, Calif.--(BUSINESS WIRE)-- Unico American Corporation (NASDAQ: UNAM) (“Unico” or the “Company”), announced today its consolidated financial results for the three and nine months ended September 30, 2018. For the three months ended September 30, 2018, revenues were $8.2 million and net loss was $0.7 million ($0.12 diluted loss per share) compared with revenues of $9.3 million and net loss of $2.9 million ($0.55 diluted loss per share) for the three months ended September 30, 2017. For the nine months ended September 30, 2018,...

November 15, 2018 1 EN

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