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Monday, Sep 25, 2023

Mixed Numbers from Unico

The Woodland Hills insurance company Unico American Corp. increased both fourth quarter and fiscal yet net income, although its revenue showed decreases in both periods, the company said Monday. Fourth quarter revenue totaled $13.3 million, down from $14.8 million a year ago. Net income, however, showed an increase from $1.8 million, or $0.33 a share a year ago, to $5.7 million, or $1.01 a share, for the quarter. Fiscal year revenue dropped from $61.2 million in 2006 to $54.7 million. Net income totaled $11.8 million $2.09 a share from $6.7 million — $1.20 a share a year ago.

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