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Unico American Corporation  (UNAM)
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    Sector  Financial    Industry Property & Casualty Insurance

Unico American's



UNAM Sales vs. its Competitors Q1 2017

Comparing the results to its competitors, Unico American reported Total Revenue increase in the 1 quarter 2017 by 5.05 % year on year.
The sales growth was above Unico American's competitors average revenue growth of 2.42 %, recorded in the same quarter.

List of UNAM Competitors

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Net Income Comparison

Unico American Corporation recorded net loss , despite income increase by most of its competitors of 21.27 %

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Unico American's Comment on Competitors and Industry Peers

Insurance Company and General Agency Operations (Property and Casualty)
The property and casualty markets in which the Company operates are highly competitive. Property and casualty insurers generally compete on many factors, including price, commission rates, consumer recognition, coverages offered, financial stability, customer service and geographic coverage. Competition is also affected by the pace of technological developments. An insurer’s ability to innovate, develop and implement new applications and other technology can affect its competitive position. The Company continues to invest in technology in order to compete more effectively in the insurance marketplace. The marketplace is highly cyclical, characterized by periods of high premium rates and shortages of underwriting capacity followed by periods of severe price competition and excess underwriting capacity.

The profitability of insurers is affected by many factors including premium adequacy, the frequency and severity of claims, state regulations, interest rates, general business conditions, and court decisions redefining and expanding the extent of coverage. One of the challenging and unique features of the property and casualty business is the fact that since premiums are collected before losses are paid, its products are normally priced before its costs are known.

Insurance Premium Financing Operation
The insurance premium financing operation currently finances policies produced only through its sister company, Unifax. Consequently, AAC’s growth is primarily dependent on the growth of Crusader and Unifax business. Since July 2010, AAC has continued to offer 0% financing on policies produced by Unifax for Crusader. The Company monitors the cost of providing this incentive; and, depending on the cost/benefit determination, the Company can continue to offer 0% financing or withdraw it at any time.

Health Insurance Operation
The health insurance market is uncertain due to changes in healthcare insurance mandated by recent federal legislation. AIB provides a variety of health and life insurance products to individuals and groups. These same products are offered by most of our competitors; thus service, reliability and stability are important to obtain and retain customers.

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Competitiveness By Company's Divisions


Total Segment Market Share Q1 2017

With revenue growth of 5.05 % within Total segment, Unico American Corporation achieved improvement in market share, within Total segment to approximate 0.04 %.

<<  More on UNAM Market Share.
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