Unico American Corporation (UNAM) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
26050 MUREAU ROAD CALABASAS, CA 91302 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6331 - Fire, Marine, and Casualty Insurance (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2022 MRQ | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 16,781 | 4,158 | 7,978 | 9,609 | 11,215 | 90,711 | |||
| Cash and cash equivalents | 15,627 | 3,958 | 5,782 | 4,918 | 774 | 80,507 | |||
| Short-term investments | 1,155 | 200 | 2,197 | 4,691 | 10,440 | 10,205 | |||
| Receivables | |||||||||
| Total current assets: | 16,781 | 4,158 | 7,978 | 9,609 | 11,215 | 90,711 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 2,155 | 2,038 | 10,227 | 9,561 | 10,015 | 10,283 | |||
| Deferred income tax assets | 8,584 | 7,770 | ✕ | ✕ | ✕ | ||||
| Total noncurrent assets: | 10,739 | 9,808 | 10,227 | 9,561 | 10,015 | 10,283 | |||
| Other undisclosed assets | 99,351 | 117,935 | 112,101 | 106,447 | 109,069 | 37,229 | |||
| TOTAL ASSETS: | 126,871 | 131,901 | 130,307 | 125,617 | 130,299 | 138,222 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 2,266 | 3,577 | 2,130 | 1,845 | 2,300 | 2,661 | |||
| Employee-related liabilities | ✕ | 974 | 501 | 415 | 382 | 338 | |||
| Accounts payable | 1,468 | 1,228 | 514 | 326 | 483 | 531 | |||
| Accrued liabilities | 1 | 2 | 81 | 81 | 181 | ||||
| Other undisclosed accounts payable and accrued liabilities | 798 | 1,375 | 1,113 | 1,022 | 1,354 | 1,611 | |||
| Debt | 955 | ||||||||
| Total current liabilities: | 3,221 | 3,577 | 2,130 | 1,845 | 2,300 | 2,661 | |||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 95,972 | 93,290 | 73,096 | 67,856 | 68,053 | 66,655 | |||
| Total liabilities: | 99,193 | 96,868 | 75,226 | 69,702 | 70,353 | 69,316 | |||
| Equity | |||||||||
| Equity, attributable to parent | 27,678 | 35,033 | 55,080 | 55,915 | 59,945 | 68,907 | |||
| Common stock | 3,783 | 3,772 | 3,773 | 3,773 | 3,773 | 3,761 | |||
| Accumulated other comprehensive income (loss) | 944 | 2,637 | 1,183 | (1,100) | (240) | 8 | |||
| Retained earnings | 22,951 | 28,624 | 50,125 | 53,243 | 56,412 | 65,137 | |||
| Total equity: | 27,678 | 35,033 | 55,080 | 55,915 | 59,945 | 68,907 | |||
| TOTAL LIABILITIES AND EQUITY: | 126,871 | 131,901 | 130,307 | 125,617 | 130,299 | 138,222 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 36,388 | 32,560 | 31,373 | 33,613 | 36,791 | 35,268 | ||
| Realized investment gains (losses) | 260 | 98 | (13) | 0 | 1 | (1) | ||
| Financial services revenue | ✕ | ✕ | ✕ | ✕ | ✕ | 35,087 | 34,095 | |
| Cost of revenue | (34,739) | (45,906) | (31,031) | (33,484) | (36,954) | (29,722) | ||
| Policyholder benefits and claims incurred, net | (25,973) | (34,643) | (22,576) | (23,558) | ✕ | ✕ | ||
| Deferred policy acquisition costs, amortization expense | (5,443) | (4,899) | (4,961) | (5,909) | (6,464) | (6,895) | ||
| Financial services costs | ✕ | ✕ | ✕ | ✕ | ✕ | (30,491) | (22,827) | |
| Gross profit: | 1,649 | (13,346) | 342 | 128 | (163) | 5,546 | ||
| Operating expenses | (6,864) | (4,598) | (3,592) | (4,055) | (9,718) | (7,660) | ||
| Operating loss: | (5,214) | (17,944) | (3,250) | (3,927) | (9,880) | (2,114) | ||
| Nonoperating income (Investment Income, Nonoperating) | 1,933 | |||||||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (1,933) | |||||||
| Loss from continuing operations before equity method investments, income taxes: | (5,214) | (17,944) | (3,250) | (3,927) | (9,880) | (2,114) | ||
| Other undisclosed income from continuing operations before income taxes | ||||||||
| Loss from continuing operations before income taxes: | (5,214) | (17,944) | (3,250) | (3,927) | (9,880) | (2,114) | ||
| Income tax expense (benefit) | (459) | (3,548) | 134 | 757 | 1,155 | 710 | ||
| Loss from continuing operations: | (5,673) | (21,491) | (3,116) | (3,170) | (8,725) | (1,404) | ||
| Loss before gain (loss) on sale of properties: | (5,673) | (21,491) | (3,116) | (3,170) | (8,725) | (1,404) | ||
| Net loss available to common stockholders, diluted: | (5,673) | (21,491) | (3,116) | (3,170) | (8,725) | (1,404) | ||
Comprehensive Income ($ in thousands)
| 9/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (5,673) | (21,491) | (3,116) | (3,170) | (8,725) | (1,404) | ||
| Other comprehensive income | ||||||||
| Comprehensive loss: | (5,673) | (21,491) | (3,116) | (3,170) | (8,725) | (1,404) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 229 | 68 | (18) | |||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (1,693) | 1,454 | 2,283 | (1,089) | (316) | 54 | ||
| Comprehensive loss, net of tax, attributable to parent: | (7,367) | (20,037) | (833) | (4,030) | (8,973) | (1,369) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.