EXHIBIT 99.1

NEW RELEASE


CONTACT:  Mark Collinson
CCG Investor Relations
310-477-9800, ext. 117
10960 Wilshire Blvd., Suite 2050
Los Angeles, CA  90024


UNICO AMERICAN CORPORATION REPORTS
FOURTH QUARTER AND FULL YEAR 2009 FINANCIAL RESULTS

Woodland Hills, CA, March 29, 2010
– Unico American Corporation (NASDAQ – “UNAM”) (“Unico,” the “Company”), announced today its consolidated financial results for the three and twelve months ended December 31, 2009.  For the three months ended December 31, 2009, revenues were $10.1 million and net income was $0.6 million ($0.11 diluted income per share) compared with revenues of $11.2 million and net income of $2.1 million ($0.37 diluted income per share) for the three months ended December 31, 2008.  For the twelve months ended December 31, 2009, revenues were $41.6 million and net income was $2.9 million ($0.53 diluted income per share) compared with revenue of $46.8 million and net income of $5.3 million ($0.93 diluted income per share) for the twelve months ended December 31, 2008.

As of December 31, 2009, the Company had cash and investments (at amortized cost) of $137.7 million.  $128.4 million, or 93% of these investments were fixed maturity investments, and 81% of those fixed maturity investments were U.S. treasury securities.

Stockholders’ equity was $73.3 million as of December 31, 2009, or $13.82 per common share including unrealized after-tax investment gains of $2.7 million, compared to Stockholders’ equity of $77.0 million as of December 31, 2008, or $13.81 per common share including unrealized after-tax investment gains of $4.9 million.  The Company paid cash dividends to shareholders of $0.18 per share on May 1, 2009 and $0.18 per share on December 29, 2009.    

Cary Cheldin, Chairman of the Board of Directors and Chief Executive Officer of the Company stated, “The results of our fourth quarter reflect an extremely-soft marketplace and surprisingly- low interest rates.  Nonetheless, we remain well capitalized and we are progressing in the development of new platforms to support our long-term success.”

Crusader’s Fourth Quarter Operational Highlights

·  
Product Development Activity:

o  
The Artisan Contractor Program of Crusader Insurance Company, a wholly owned subsidiary of the Company through which the Company underwrites property and casualty insurance (Crusader), was re-introduced with a broadening of eligibility to trades previously excluded and, with rule and form changes.

o  
Crusader’s Convenience Stores Program expanded to an even wider segment of the grocery and retail business.

o  
Crusader implemented a significant overhaul to its Self-Serve Coin Laundry Program.  The overhaul included rate reductions and broadened coverage options.

·  
Sales Force Activity:

o  
Strategic selection and appointment of four new agents to Crusader during the quarter brought the agency force to a total of sixteen agents.

o  
The Apartment Buildings program became the first to give agents efficient, 24/7 internet processing access.

o  
Promotional activity with agents was stepped-up, including more program-specific mailings, trade-show appearances and magazine advertisements.

o  
Through an alliance with an independent wholesaler, Crusader added 750 new brokers to its base of retail distributors.

·  
Market Conditions and Outlook:

o  
The insurance marketplace continues to be intensely competitive as more insurers are competing for the same customers.  Many of Crusader’s competitors price their insurance at rates that the Company believes are inadequate to support an underwriting profit.  The Company does not know how long the current market conditions will continue.

Additional information on the Company's full year results will be available in the Company’s Financial Statements and Management's Discussion and Analysis contained in its Annual Report on Form 10-K, which will be filed with the Securities and Exchange Commission.
 
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. Unico has conducted the majority of its operations through its subsidiary Crusader Insurance Company since 1985. For more information concerning Crusader Insurance Company, please visit the Crusader’s Web site at www.crusaderinsurance.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained herein that are not historical facts are forward-looking. These statements, which may be identified by forward-looking words or phrases such as “anticipate,” “believe,” ”expect,” “intend,” “may,” “should,” and “would,” involve risks and uncertainties, many of which are beyond the control of the Company. Such risks and uncertainties could cause actual results to differ materially from these forward-looking statements. Factors which could cause actual results to differ materially include underwriting actions not being effective, rate increases for coverages not being sufficient, premium rate adequacy relating to competition or regulation, actual versus estimated claim experience, regulatory changes or developments, unforeseen calamities, general market conditions, and the Company’s ability to introduce new profitable products.

Financial Tables Follow –
 
 
 
 

The following information was filed by Unico American Corp (UNAM) on Tuesday, March 30, 2010 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Unico American Corp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Unico American Corp.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Log in with your credentials

or    

Forgot your details?

Create Account