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Unico American Corp

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BUSINESS
March 30, 1993
Business: Insurance Symbol: UNAM Shares Outstanding: 5.8 million Market: NASDAQ Closing Price on 3/29/93: $4.88 Qtrly Profit (loss) for Dec. 1992: $733,000 Qtrly Revenue for Dec. 1992: $6.65 million * Unico American Corp., based in Woodland Hills, is an insurance holding company that provides property, casualty, health and life insurance through several subsidiaries. Its biggest unit is Crusader Insurance Co.
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BUSINESS
April 12, 2013 | By Andrew Tangel, Los Angeles Times
NEW YORK - Auditor Scott London isn't the only one dealing with a dented reputation. His former employer, KPMG, is scrambling to do damage control after an insider-trading scandal swept through its Los Angeles office. It has put many of the Big Four accounting firm's clients on edge, wondering if there's more to come as the federal government continues its investigation. The Department of Justice said London leaked inside information on five public companies, including Herbalife Ltd. and Skechers USA Inc., to a golfing buddy who then executed trades.
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BUSINESS
November 5, 1991
A Pacific Palisades couple cut their stake in Unico American Corp. to 3.3% of the insurance company's stock. In a filing with the Securities and Exchange Commission, Arnold Jack Cheldin and his wife, Suzanne, said they sold 373,600 Unico shares between Aug. 1 and Sept. 26 at prices ranging from $4.43 to $6.06 a share. The couple now own 175,000 shares of Unico, a property-casualty insurer based in Woodland Hills whose principal unit is Crusader Insurance Co.
CALIFORNIA | LOCAL
November 16, 1999
Unico American Corp., Woodland Hills, reported net income of $1.1 million for the third quarter ended Sept. 30 compared to $2.2 million for the same period last year. Revenues dropped to $9.5 million compared to $11.8 million. Unico is an insurance holding company.
BUSINESS
May 17, 1994
Shares of Unico American Corp., an insurance-holding company based in Woodland Hills, dropped 12% last week on heavy trading after the firm said its fiscal fourth-quarter profit will be less than $1 million. About 49,100 shares changed hands, more than six times the three-month average daily trading volume. Unico said an additional $1 million in pretax loss and loss adjustment expenses from its insurance operations will result in lower net income than in its fiscal third quarter.
CALIFORNIA | LOCAL
August 17, 1999
Unico American Corp., Woodland Hills, announced net income of $1.4 million for the second quarter ended June 30, down from $2.2 million for the same period the previous year. Unico American is an insurance holding company that provides property, casualty, health and life insurance and related premium financing through its wholly owned subsidiaries.
BUSINESS
February 25, 1992
A Connecticut money manager has acquired 5.9% of Unico American Corp., a Woodland Hills-based insurer. In a filing with the Securities and Exchange Commission, Edward B. Goodnow of Darien, Conn., said he and certain accounts that he manages through his firm Goodnow, Gray & Co. have purchased a combined 323,500 common shares of Unico American for $1.85 million, or an average $5.72 a share. The stock was bought as an investment, the filing stated.
BUSINESS
June 30, 1992
Unico American Corp. posted a 30% jump in fiscal fourth-quarter profit over the year-ago quarter on a 10% increase in revenue. The Woodland Hills-based insurer said net income in the quarter that ended March 31 rose to $1.90 million from $1.46 million, while its revenue rose to $7.39 million from $6.69 million. For its full fiscal year, Unico American's profit rose 11%, to $5.01 million from $4.50 million, and its revenue edged up 3%, to $28.3 million from $27.4 million.
BUSINESS
June 29, 1993
Unico American Corp., an insurance-holding company in Woodland Hills, reported a 63% drop in profit for its fiscal fourth quarter ended March 31, largely because of increased costs and expenses. Unico's quarterly profit of $692,749 compared with $1.9 million a year earlier, and came on an 11% decline in revenue, to $6.6 million from $7.4 million in the previous year. For its fiscal year ended March 31, Unico posted a loss of $6.
CALIFORNIA | LOCAL
August 17, 1999
Unico American Corp., Woodland Hills, announced net income of $1.4 million for the second quarter ended June 30, down from $2.2 million for the same period the previous year. Unico American is an insurance holding company that provides property, casualty, health and life insurance and related premium financing through its wholly owned subsidiaries.
BUSINESS
March 18, 1997
Unico American Corp., a Woodland Hills insurance holding company, said its profit in the fourth quarter that ended Dec. 31 was $1.75 million, up 14% from $1.53 million in the third quarter last year. Revenues in the fourth quarter were $11.7 million, up 7% from $10.9 million in the third quarter last year. Net premiums written during the quarter totaled $9.8 million, up 13% from $8.7 million last year. Unico recently changed its fiscal year-end to Dec.
BUSINESS
November 12, 1996
Unico American Corp., a Woodland Hills insurance holding company, reported strong earnings gains in its third quarter and nine months that ended Sept. 30. Unico's third-quarter profit was $1.75 million, up 24% from $1.41 million a year earlier. Its quarterly revenue rose 13%, to $11.8 million from $10.4 million. For the recent nine-month period, the company reported that its earnings increased 25% to $3.42 million from $2.74 million a year before. Revenues rose 12% to $23.1 million from $20.
BUSINESS
May 17, 1994
Shares of Unico American Corp., an insurance-holding company based in Woodland Hills, dropped 12% last week on heavy trading after the firm said its fiscal fourth-quarter profit will be less than $1 million. About 49,100 shares changed hands, more than six times the three-month average daily trading volume. Unico said an additional $1 million in pretax loss and loss adjustment expenses from its insurance operations will result in lower net income than in its fiscal third quarter.
BUSINESS
November 9, 1993
Unico American Corp. of Woodland Hills reported its earnings tripled in its fiscal second quarter and it reversed a year-earlier loss in the six months ended Sept. 30. The property, casualty, health and life insurer had a net income of $1.04 million in its fiscal second quarter, in contrast with a $335,000 profit a year before. Its revenue rose 33%, to $8.12 million from $6.11 million.
BUSINESS
June 29, 1993
Unico American Corp., an insurance-holding company in Woodland Hills, reported a 63% drop in profit for its fiscal fourth quarter ended March 31, largely because of increased costs and expenses. Unico's quarterly profit of $692,749 compared with $1.9 million a year earlier, and came on an 11% decline in revenue, to $6.6 million from $7.4 million in the previous year. For its fiscal year ended March 31, Unico posted a loss of $6.
BUSINESS
March 30, 1993
Business: Insurance Symbol: UNAM Shares Outstanding: 5.8 million Market: NASDAQ Closing Price on 3/29/93: $4.88 Qtrly Profit (loss) for Dec. 1992: $733,000 Qtrly Revenue for Dec. 1992: $6.65 million * Unico American Corp., based in Woodland Hills, is an insurance holding company that provides property, casualty, health and life insurance through several subsidiaries. Its biggest unit is Crusader Insurance Co.
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