Unico American Corporation, an insurance holding company, underwrites property and casualty insurance in Arizona, California, Nevada, Oregon, and Washington. It provides property, casualty, health, and life insurance products, as well as insurance premium financing and membership association services. The company's commercial property coverage insures against loss or damage to buildings, inventory, and equipment from natural disasters, including hurricanes, windstorms, hail, water, explosions, and severe winter weather, as well as other events, such as theft and vandalism, fires, storms, and financial loss due to business interruption resulting from covered property damage. It also provides commercial liability coverage that insures against third party liability from accidents occurring on the insured's premises or arising out of its operation; and writes policies to insure commercial property and commercial liability risks on a mono-line basis. In addition, the company offers group dental, vision, and life insurance policies. Unico American Corporation markets its insurance products primarily through a network of independent brokers and agents. The company was incorporated in 1969 and is headquartered in Calabasas, California.
IPO Year:
Exchange: NASDAQ
Website: crusaderinsurance.com
SC 13G/A - UNICO AMERICAN CORP (0000100716) (Subject)
SC 13G/A - UNICO AMERICAN CORP (0000100716) (Subject)
SC 13G/A - UNICO AMERICAN CORP (0000100716) (Subject)
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SC 13D/A - UNICO AMERICAN CORP (0000100716) (Subject)
Unico American Corporation (NASDAQ:UNAM) ("Unico" or the "Company") announced today that its press release issued under the headline "UNICO AMERICAN CORPORATION Receives Notification From Nasdaq Related To Delayed ANNUAL Report on Form 10-K" on May 24, 2022, included certain errors. The corrected headline and press release is set forth in its entirety below.Unico American CORPORATION Receives Notification From Nasdaq Related to Delayed QUARTERLY Report on Form 10-QCALABASAS, CA / ACCESSWIRE / May 25, 2022 / On May 24, 2022, Unico American Corporation (NASDAQ:UNAM) ("Unico" or the "Company") filed a Current Report on Form 8-K with the Securities and Exchange Commission (the "SEC") announcing
CALABASAS, CA / ACCESSWIRE / April 11, 2022 / On April 6, 2022, Unico American Corporation (NASDAQ:UNAM) ("Unico" or the "Company") filed a Current Report on Form 8-K with the Securities and Exchange Commission (the "SEC") announcing the Company's receipt of a notice (the "Notice") from Nasdaq notifying the Company that, because its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the "Form 10-K") had not been filed with the SEC by the required due date of March 31, 2022, the Company is not in compliance with the periodic filing requirements for continued listing set forth in Nasdaq Listing Rule 5250(c)(1) (the "Rule"). Today the Company issued a press release concerni
CALABASAS, CA / ACCESSWIRE / November 26, 2021 / On November 23, 2021, Unico American Corporation (NASDAQ:UNAM) ("Unico" or the "Company") filed a Current Report on Form 8-K with the Securities and Exchange Commission (the "SEC") announcing the Company's receipt of a notice (the "Notice") from Nasdaq notifying the Company that, because its Form 10-Q for the period ended September 30, 2021 (the "September 10-Q") had not been filed with the SEC by the required due date of November 15, 2021, the Company is not in compliance with the periodic filing requirements for continued listing set forth in Nasdaq Listing Rule 5250(c)(1) (the "Rule"). Today the Company issued a press release concerning its
CALABASAS, CA / ACCESSWIRE / September 7, 2021 / Unico American Corporation (NASDAQ:UNAM) ("Unico" or the "Company") today announced its Board of Directors has authorized a review of strategic alternatives for the Company aimed at enhancing shareholder value. TigerRisk Capital Markets & Advisory has been retained as exclusive financial advisor to the Board of Directors. No assurance can be given as to whether, when or on what terms any possible transaction might occur. The Company does not intend to make any further statements regarding this process unless and until a definitive agreement has been reached, or until the process of exploring strategic alternatives has ended.Headquartered in Ca
CALABASAS, CA / ACCESSWIRE / August 17, 2021 / Unico American Corporation (NASDAQ:UNAM) ("Unico" or the "Company"), announced today its consolidated financial results for the three and six months ended June 30, 2021. For the three months ended June 30, 2021, net loss was $1,406,811 ($0.27 diluted loss per share) compared to net loss of $434,814 ($0.08 diluted loss per share) for the three months ended June 30, 2020. For the six months ended June 30, 2021, net income was $860,893 ($0.16 diluted income per share) compared to net loss $1,478,640 ($0.28 diluted loss per share) for the six months ended June 30, 2020. Book value per share was $6.59 and $6.60 at June 30, 2021, and December 31, 2020
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has commented that the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” of Crusader Insurance Company are unchanged by the recent announcement regarding the appointment of Michael Budnitsky, on an interim basis, to the positions of president and CEO, effective Feb. 11, 2021. Concurrently, the Long-Term ICR of “bb” of Unico American Corporation (Unico) [NASDAQ: UNAM] remains unchanged. The outlook of these Credit Ratings (ratings) is negative. All companies are headquartered in Calabasas, CA. AM Best acknowledges Mr. Budnitsky’s extensive industry experience and history at Crusader, having
CALABASAS, CA / ACCESSWIRE / June 8, 2023 / Unico American Corporation (the "Company") announced that the Insurance Commissioner of the State of California (the "Commissioner") was appointed Conservator of its principal and only operating subsidiary, Crusader Insurance Company ("Crusader"), on June 7, 2023.The Superior Court of California, Los Angeles County, Department 32 (the "Court"), entered an order (the "Order") appointing the Commissioner as Conservator (the "Conservator"). The Order was entered after consideration of the application in which the Commissioner asserted that Crusader is in a hazardous financial condition and that its continued business will be hazardous to its policyhol
CALABASAS, CA / ACCESSWIRE / June 2, 2023 / Unico American Corporation (the "Company") announced that the Company was notified on June 1, 2023 that the Insurance Commissioner of the State of California (the "Commissioner") filed a Verified Petition For Order Appointing the Insurance Commissioner as the Conservator of the principal operating subsidiary of the Company, Crusader Insurance Company ("Crusader"), on May 31, 2023 (the "Petition"). Crusader is a California insurance company and its principal regulator is the Commissioner.The Petition was filed with the Superior Court of California, Los Angeles County, Central District (the "Court"). The Petition is the first step of actions by the C
CALABASAS, CA / ACCESSWIRE / May 25, 2023 / Unico American Corporation (NASDAQ:UNAM) ("Unico" or the "Company") filed a Current Report on Form 8-K with the Securities and Exchange Commission (the "SEC") announcing the Company's receipt of an additional notice (the "Additional Notice") from Nasdaq notifying the Company that, because its Quarterly Report on Form 10-Q for the period ended March 31, 2023 (the "Form 10-Q") had not been filed with the SEC by the required due date, the Company is not in compliance with the periodic filing requirements for continued listing set forth in Nasdaq Listing Rule 5250(c)(1) (the "Rule"). Today the Company issued a press release concerning its receipt of th
Unico American Corporation (NASDAQ:UNAM) ("Unico" or the "Company") announced today that its press release issued under the headline "UNICO AMERICAN CORPORATION Receives Notification From Nasdaq Related To Delayed ANNUAL Report on Form 10-K" on May 24, 2022, included certain errors. The corrected headline and press release is set forth in its entirety below.Unico American CORPORATION Receives Notification From Nasdaq Related to Delayed QUARTERLY Report on Form 10-QCALABASAS, CA / ACCESSWIRE / May 25, 2022 / On May 24, 2022, Unico American Corporation (NASDAQ:UNAM) ("Unico" or the "Company") filed a Current Report on Form 8-K with the Securities and Exchange Commission (the "SEC") announcing
CALABASAS, CA / ACCESSWIRE / April 11, 2022 / On April 6, 2022, Unico American Corporation (NASDAQ:UNAM) ("Unico" or the "Company") filed a Current Report on Form 8-K with the Securities and Exchange Commission (the "SEC") announcing the Company's receipt of a notice (the "Notice") from Nasdaq notifying the Company that, because its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the "Form 10-K") had not been filed with the SEC by the required due date of March 31, 2022, the Company is not in compliance with the periodic filing requirements for continued listing set forth in Nasdaq Listing Rule 5250(c)(1) (the "Rule"). Today the Company issued a press release concerni
CALABASAS, CA / ACCESSWIRE / November 26, 2021 / On November 23, 2021, Unico American Corporation (NASDAQ:UNAM) ("Unico" or the "Company") filed a Current Report on Form 8-K with the Securities and Exchange Commission (the "SEC") announcing the Company's receipt of a notice (the "Notice") from Nasdaq notifying the Company that, because its Form 10-Q for the period ended September 30, 2021 (the "September 10-Q") had not been filed with the SEC by the required due date of November 15, 2021, the Company is not in compliance with the periodic filing requirements for continued listing set forth in Nasdaq Listing Rule 5250(c)(1) (the "Rule"). Today the Company issued a press release concerning its
CALABASAS, CA / ACCESSWIRE / September 7, 2021 / Unico American Corporation (NASDAQ:UNAM) ("Unico" or the "Company") today announced its Board of Directors has authorized a review of strategic alternatives for the Company aimed at enhancing shareholder value. TigerRisk Capital Markets & Advisory has been retained as exclusive financial advisor to the Board of Directors. No assurance can be given as to whether, when or on what terms any possible transaction might occur. The Company does not intend to make any further statements regarding this process unless and until a definitive agreement has been reached, or until the process of exploring strategic alternatives has ended.Headquartered in Ca
CALABASAS, CA / ACCESSWIRE / August 17, 2021 / Unico American Corporation (NASDAQ:UNAM) ("Unico" or the "Company"), announced today its consolidated financial results for the three and six months ended June 30, 2021. For the three months ended June 30, 2021, net loss was $1,406,811 ($0.27 diluted loss per share) compared to net loss of $434,814 ($0.08 diluted loss per share) for the three months ended June 30, 2020. For the six months ended June 30, 2021, net income was $860,893 ($0.16 diluted income per share) compared to net loss $1,478,640 ($0.28 diluted loss per share) for the six months ended June 30, 2020. Book value per share was $6.59 and $6.60 at June 30, 2021, and December 31, 2020
CALABASAS, CA / ACCESSWIRE / May 17, 2021 / Unico American Corporation (NASDAQ:UNAM) ("Unico" or the "Company"), announced today its consolidated financial results for the three months ended March 31, 2021. For the three months ended March 31, 2021, net income was $2,267,703 ($0.43 diluted income per share) compared to net loss of $1,043,826 ($0.20 diluted loss per share) for the three months ended March 31, 2020. Book value per share was $6.84 and $6.60 at March 31, 2021, and December 31, 2020, respectively.Results of Operations Three Months Ended March 31 Increase (Decrease) 2021 2020 $ % Gross written premium $ 10,482,545 $ 9,206,886 $ 1,275,659 14 %
CALABASAS, CA / ACCESSWIRE / March 1, 2021 / Unico American Corporation (NASDAQ:UNAM) ("Unico" or the "Company"), announced today its consolidated financial results for the three and twelve months ended December 31, 2020. For the three months ended December 31, 2020, net loss was $2,071,985 ($0.39 diluted loss per share) compared to net loss of $2,380,419 ($0.45 diluted loss per share) for the three months ended December 31, 2019. For the twelve months ended December 31, 2020, net loss was $21,491,113 ($4.05 diluted loss per share) compared to net loss of $3,115,703 ($0.59 diluted loss per share) for the twelve months ended December 31, 2019. Book value per share was $6.60 and $10.38 at Dece
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8-K - UNICO AMERICAN CORP (0000100716) (Filer)
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