Unico American (UNAM) Swings to Q1 Loss

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Unico American Corporation Reports First Quarter 2015 Financial Results

May 14, 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 months ended March 31, 2015. For the three months ended March 31, 2015, revenues were $7.8 million and net loss was $0.4 million ($0.07 diluted loss per share) compared with revenues of $7.4 million and net income of $0.6 million ($0.11 diluted income per share) for the three months ended March 31, 2014.

Stockholders equity was $71.4 million as of March 31, 2015, or $13.38 per common share including unrealized after-tax investment gains of $0.06 million, compared to stockholders equity of $71.8 million as of December 31, 2014, or $13.44 per common share including unrealized after- tax investment gains... More