Unico American (UNAM) Swings to Q4 Loss

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Unico American Corporation Reports Fourth Quarter and Full Year 2014 Financial Results

March 30, 2015 4:00 PM EDT

WOODLAND HILLS, 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, 2014. For the three months ended December 31, 2014, revenues were $7.6 million and net loss was $0.05 million ($0.01 diluted loss per share) compared with revenues of $7.7 million and net income of $0.7 million ($0.13 diluted income per share) for the three months ended December 31, 2013. For the twelve months ended December 31, 2014, revenues were $30.5 million and net income was $0.8 million ($0.16 diluted income per share) compared with revenue of $31.1 million and net income of $0.6 million ($0.11 diluted income per share) for the twelve months... More