Unico American has reported total revenues of $9.8 for the first quarter of 2010, a decrease of 6.7% compared to $10.5m for the same quarter in 2009.
The company’s income before taxes for the first quarter of 2010 were $0.7m compared to $1.5m for the same period last year.
The company posted net premiums earned of $7.4m for the first quarter of 2010, a decrease of 2.7% compared to $7.6m for the same quarter in 2009.
For the quarter ended March 31, 2010, the company posted net income of $0.5m, or $0.09 per share compared to $1.02m, or $0.18 per share for the same period last year.
Headquartered in Woodland Hills, California, Unico American is an insurance holding company that underwrites property and casualty insurance through its insurance company subsidiary. It provides property, casualty, and health insurance through its agency subsidiaries and through its other subsidiaries provides insurance premium financing and membership association services.