Unico American Corp. reported a drop in income for the first quarter, the company announced. The Woodland Hills insurance provider reported an income of $1.7 million, or $0.30 per diluted share, on revenues of $12.8 million for the quarter ending March 31. That is a 10 percent drop from the income of $1.9 million, or $0.34 per diluted share, on revenues of $14 million for the same period in 2006. Unico American Corp. is an insurance holding company that provides property, casualty, health and life insurance and related premium financing through its wholly owned subsidiaries.
