Unico American has reported total revenues of $9.38m for the second quarter of 2010, a decrease of 11.8% compared to $10.65m for the same quarter in 2009.
Premiums earned were $8.96m for the second quarter compared to $10.22m for the same period last year.
The company’s income before income tax was $0.63m for the second quarter compared to $0.99m for the same quarter prior year.
For the quarter ended June 30, 2010, the company posted net income of $0.45m, or $0.08 per share, compared to $0.68m, or $0.12 per share, for the same period last year.
Headquartered in Woodland Hills, 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.