Unico American Corporation’s Earnings Drop in Q2

Unico American Corporation had a major decrease in its net earnings for this year’s second quarter in comparison to the same quarter last year, the Woodland Hills-based insurance holding company announced. The company had net earnings of $400,000, or $0.08 diluted income per share, on revenues of $9.4 million for the second quarter of this year. For the same period last year, the company had net earnings of $700,000 million, or $0.12 diluted income per share, on revenues of $10.7 million. By the end of this year’s second quarter, the company had cash and investments, at amortized cost, of $135 million. Unico American Corporation conducts the majority of its operations through its subsidiary Crusader Insurance Company. Jessica Selva