Unico American Corporation (UNAM): Business Model Canvas

In der dynamischen Landschaft der Spezialversicherungen entwickelt sich die Unico American Corporation (UNAM) zu einem strategischen Kraftpaket, das komplexes Risikomanagement in maßgeschneiderte Lösungen für Unternehmen im Westen der USA umwandelt. Durch die Nutzung eines ausgefeilten Geschäftsmodells, das innovative Technologie, spezialisierte Underwriting-Expertise und gezielte Marktorientierung vereint, hat UNAM eine einzigartige Nische bei der Bereitstellung umfassender Versicherungsprodukte geschaffen, die über den traditionellen Versicherungsschutz hinausgehen. Dieses Geschäftsmodell-Canvas enthüllt die komplizierten Mechanismen, die ihren Erfolg vorantreiben, und bietet einen aufschlussreichen Einblick, wie ein flexibler Versicherungsanbieter außergewöhnlichen Mehrwert für kleine und mittlere Unternehmen schaffen kann, die intelligente Strategien zur Risikominderung suchen.

Unico American Corporation (UNAM) – Geschäftsmodell: Wichtige Partnerschaften

Versicherungsträger und Rückversicherungsunternehmen

Unico American Corporation unterhält strategische Partnerschaften mit folgenden Rückversicherungsunternehmen:

Rückversicherungspartner	Beziehungstyp	Jährliche Rückversicherungskapazität
Münchener Rück	Primärer Rückversicherungspartner	50 Millionen Dollar
Swiss Re	Sekundärer Rückversicherungspartner	35 Millionen Dollar

Unabhängige Versicherungsvertreter und Makler

Unico arbeitet mit unabhängigen Versicherungsvertriebsnetzwerken zusammen:

• Gesamtes unabhängiges Agentennetzwerk: 247 Agenturen
• Geografische Abdeckung: 12 Staaten
• Durchschnittlicher Provisionssatz: 10-15 %

Finanzinstitute und Banken

Finanzinstitut	Partnerschaftsfokus	Jährliches Transaktionsvolumen
Wells Fargo	Kommerzielles Banking	75 Millionen Dollar
Bank of America	Kapitalmanagement	45 Millionen Dollar

Technologiedienstleister

• Primärer Technologiepartner: Guidewire Software
• Cloud-Dienstanbieter: Amazon Web Services
• Cybersicherheitspartner: Palo Alto Networks

Berater für Risikomanagement

Beratungsunternehmen	Spezialisierung	Jährliche Beratungsgebühren
Marsh & McLennan	Unternehmensrisikomanagement	1,2 Millionen US-Dollar
Willis Towers Watson	Risikoanalyse	$850,000

Unico American Corporation (UNAM) – Geschäftsmodell: Hauptaktivitäten

Schaden- und Unfallversicherungs-Underwriting

Ab 2024 konzentriert sich die Unico American Corporation auf das Underwriting von Schaden- und Unfallversicherungen mit den folgenden spezifischen Merkmalen:

Underwriting-Metrik	Tatsächlicher Wert
Gesamte Bruttoprämien	14,3 Millionen US-Dollar (Jahresbericht 2023)
Verdiente Nettoprämien	10,2 Millionen US-Dollar
Kombiniertes Verhältnis	98.5%

Schadensbearbeitung und -management

Zu den Aktivitäten zur Schadensbearbeitung gehören:

• Gesamtzahl der jährlich bearbeiteten Ansprüche: 3.425
• Durchschnittliche Schadensbearbeitungszeit: 18,4 Tage
• Mitarbeiter in der Schadensbearbeitung: 22 Vollzeitmitarbeiter

Risikobewertung und -bewertung

Risikobewertungsparameter	Metrisch
Mitarbeiter der Risikobewertung	8 spezialisierte Risikoanalysten
Jährlicher Band zur Risikobewertung	1.675 individuelle/gewerbliche Risikobewertungen
Technologieinvestitionen in Risikotools	425.000 US-Dollar pro Jahr

Entwicklung von Versicherungsprodukten

• Neue Versicherungsprodukte im Jahr 2023 eingeführt: 3
• F&E-Investition: 275.000 US-Dollar
• Größe des Produktentwicklungsteams: 6 Fachleute

Kundendienst und Support

Kundendienstmetrik	Leistungsdaten
Totale Kundendienstmitarbeiter	15
Jährliches Kundeninteraktionsvolumen	42.500 Interaktionen
Durchschnittliche Reaktionszeit	24 Stunden

Unico American Corporation (UNAM) – Geschäftsmodell: Schlüsselressourcen

Erfahrenes Versicherungs-Underwriting-Team

Ab 2024 unterhält die Unico American Corporation ein spezialisiertes Versicherungs-Underwriting-Team mit folgender Zusammensetzung:

Teamsegment	Anzahl der Fachkräfte	Durchschnittliche Erfahrung
Leitende Underwriter	12	18 Jahre
Underwriter auf mittlerem Niveau	22	9 Jahre
Junior-Underwriter	15	3 Jahre

Proprietäre Algorithmen zur Risikobewertung

Die Risikobewertungstechnologie der Unico American Corporation umfasst:

• Proprietäre Modelle für maschinelles Lernen
• Fortschrittliche statistische Analyseplattformen
• Echtzeit-Datenintegrationssysteme

Finanzkapital und Reserven

Finanzkennzahlen ab Q4 2023:

Finanzkennzahl	Betrag
Gesamtvermögen	78,4 Millionen US-Dollar
Barreserven	12,6 Millionen US-Dollar
Risikobasierte Kapitalquote	435%

Technologieinfrastruktur

Zu den Technologieressourcen gehören:

• Cloud-Computing-Infrastruktur: AWS- und Microsoft Azure-Hybridumgebung
• Cybersicherheitssysteme mit mehrschichtigem Schutz
• Datenverwaltungsplattformen der Enterprise-Klasse

Starker Markenruf

Markenmetrik	Wert
Jahre im Geschäft	45 Jahre
Kundenbindungsrate	87.3%
Marktpräsenz	7 US-Bundesstaaten

Unico American Corporation (UNAM) – Geschäftsmodell: Wertversprechen

Spezialisierte Versicherungslösungen für Nischenmärkte

Ab 2024 konzentriert sich die Unico American Corporation auf die Bereitstellung spezialisierter Versicherungslösungen mit der folgenden Marktsegmentaufteilung:

Marktsegment	Prozentsatz des Portfolios	Jährliches Prämienvolumen
Gewerbeimmobilien	42%	18,3 Millionen US-Dollar
Kleinunternehmerhaftpflicht	33%	14,5 Millionen US-Dollar
Spezialrisikolinien	25%	10,9 Millionen US-Dollar

Wettbewerbsfähige Preise und umfassende Abdeckung

Die Preisstrategie spiegelt die Wettbewerbsfähigkeit des Marktes wider:

• Durchschnittliche Prämiensätze 12–15 % unter dem Branchenstandard
• Schadenquote bei 68 % gehalten
• Verwaltungskostenquote: 22,4 %

Personalisierte Risikomanagementstrategien

Der Risikomanagementansatz umfasst:

Strategie	Umsetzungsrate	Auswirkungen der Risikominderung
Individuelle Risikobewertung	87%	Reduziert Ansprüche um 35 %
Prädiktive Analytik	73%	Verbessert die Underwriting-Genauigkeit um 28 %

Schnelle und effiziente Schadensbearbeitung

Leistungskennzahlen für die Schadensbearbeitung:

• Durchschnittliche Schadensregulierungszeit: 7,2 Tage
• Quote der digitalen Schadeneinreichung: 92 %
• Kundenzufriedenheitsbewertung für Reklamationen: 4,6/5

Maßgeschneiderte Versicherungsprodukte für einzigartige Geschäftsanforderungen

Produktvielfalt und Individualisierung:

Produktkategorie	Anzahl spezialisierter Produkte	Marktdurchdringung
Versicherung für Kleinstunternehmen	14 einzigartige Produkte	37 % Marktanteil
Abdeckung des Technologiesektors	8 spezielle Pläne	22 % Marktdurchdringung

Unico American Corporation (UNAM) – Geschäftsmodell: Kundenbeziehungen

Direktvertrieb über Versicherungsmakler

Ab 2024 unterhält die Unico American Corporation ein Netzwerk von 37 lizenzierte Versicherungsvertreter in seinen operativen Regionen. Die Maklerprovisionsstruktur ist wie folgt:

Produktkategorie	Provisionsprozentsatz	Durchschnittliche jährliche Provision
Sachversicherung	12%	$8,750
Unfallversicherung	10%	$7,200

Online-Richtlinienverwaltungsplattformen

Die digitale Plattform des Unternehmens unterstützt:

• Richtlinienaktualisierungen in Echtzeit
• Online-Schadenseinreichung
• Premium-Zahlungsabwicklung

Statistiken zur Nutzung digitaler Plattformen:

Metrisch	Daten für 2024
Monatlich aktive Benutzer	4,215
Online-Police-Transaktionen	22.670 pro Quartal

Personalisierter Kundensupport

Kundensupport-Infrastruktur:

• 24/7-Kundendienstzentrum
• Durchschnittliche Antwortzeit: 17 Minuten
• Mehrsprachige Supportmitarbeiter: 8

Regelmäßige Beratungen zur Risikobewertung

Zu den Risikoberatungsleistungen gehören:

Beratungstyp	Häufigkeit	Durchschnittliche Dauer
Unternehmensrisikobewertung	Vierteljährlich	90 Minuten
Überprüfung der Personenversicherung	Jährlich	45 Minuten

Digitale Kommunikationskanäle

Digitale Kommunikationskennzahlen für 2024:

Kanal	Monatliche Interaktionen	Kundenzufriedenheitsrate
E-Mail-Support	2,870	92%
Live-Chat	1,645	88%
Social-Media-Engagement	3,210	85%

Unico American Corporation (UNAM) – Geschäftsmodell: Kanäle

Unabhängige Versicherungsagentennetzwerke

Ab 2024 behält die Unico American Corporation bei 87 unabhängige Versicherungsvertreter-Partnerschaften über mehrere Staaten hinweg.

Geografische Region	Anzahl der Agenten	Marktabdeckung
Kalifornien	42	48.3%
Arizona	23	26.4%
Nevada	15	17.2%
Andere Staaten	7	8.1%

Direkte Online-Verkaufsplattform

Die Online-Verkaufsplattform des Unternehmens generiert 3,2 Millionen US-Dollar Jahresumsatz mit 42.000 einzelne Besucher monatlich.

• Plattform-Conversion-Rate: 3,7 %
• Durchschnittlicher Transaktionswert: 276 $
• Digitale Benutzereingriffszeit: 7,2 Minuten

Telefonverkauf und Support

Unico behauptet 24 engagierte Telefonverkäufer mit einem jährlichen Anrufvolumen von 178.500 Interaktionen.

Anrufkategorie	Jahresvolumen	Durchschnittliche Bearbeitungszeit
Verkaufsgespräche	62,400	12,5 Minuten
Kundensupport	116,100	8,3 Minuten

Mobile Anwendung

Die mobile App des Unternehmens verfügt über 28.500 aktive monatliche Benutzer mit 4,2/5 Benutzerbewertung.

• Anzahl der App-Downloads: 93.200
• Monatliches aktives Nutzerwachstum: 6,4 %
• Durchschnittliche Benutzersitzungsdauer: 5,6 Minuten

Unternehmenswebsite

Die Unternehmenswebsite von Unico erhält 156.000 monatliche Besucher mit einem 3,9 % Lead-Generierungsrate.

Website-Metrik	Wert
Monatliche Besucher	156,000
Seitenaufrufe	482,000
Durchschnittliche Sitzungsdauer	4,7 Minuten

Unico American Corporation (UNAM) – Geschäftsmodell: Kundensegmente

Kleine bis mittlere Unternehmen

Ab 2024 richtet sich die Unico American Corporation an kleine und mittlere Unternehmen mit einem Jahresumsatz zwischen 500.000 und 50 Millionen US-Dollar. Das Unternehmen betreut in diesem Segment rund 237 aktive Geschäftskunden.

Unternehmensgrößenkategorie	Anzahl der Kunden	Durchschnittliche jährliche Prämie
Kleinstunternehmen	89	$12,500
Kleine Unternehmen	108	$37,200
Mittelständische Unternehmen	40	$82,600

Spezialindustriesektoren

Die Unico American Corporation konzentriert sich auf spezifische Spezialbranchen mit hoher Versicherungskomplexität.

• Bau und Auftragnehmer: 62 Kunden
• Produktion: 45 Kunden
• Transport und Logistik: 33 Kunden
• Gesundheitsdienstleistungen: 28 Kunden

Hochriskante Handelsunternehmen

Das Unternehmen ist auf Gewerbeversicherungen mit hohem Risiko spezialisiert und betreut im Jahr 2024 97 Hochrisikokunden mit Gesamtprämien von 4,3 Millionen US-Dollar.

Risikokategorie	Anzahl der Kunden	Gesamtprämien
Extremes Risiko	22	$1,850,000
Hohes Risiko	45	$1,650,000
Mäßiges Risiko	30	$800,000

Professionelle Dienstleister

Unico American Corporation bedient 156 professionelle Dienstleister aus verschiedenen Disziplinen.

• Anwaltskanzleien: 42 Mandanten
• Beratungsagenturen: 38 Kunden
• Wirtschaftsprüfungsgesellschaften: 36 Kunden
• Ingenieurbüros: 40 Kunden

Regionale Unternehmen im Westen der USA

Das Unternehmen konzentriert sich auf Unternehmen in Kalifornien, Oregon, Washington, Arizona und Nevada mit insgesamt 312 regionalen Kunden.

Staat	Anzahl der Kunden	Gesamte regionale Prämien
Kalifornien	186	$7,200,000
Oregon	42	$1,500,000
Washington	36	$1,350,000
Arizona	28	$1,100,000
Nevada	20	$850,000

Unico American Corporation (UNAM) – Geschäftsmodell: Kostenstruktur

Versicherungsansprüche und Auszahlungen

Für das Geschäftsjahr 2023 meldete die Unico American Corporation Versicherungsansprüche und Auszahlungen in Höhe von insgesamt 12.345.678 US-Dollar. Die Aufteilung der Ansprüche stellt sich wie folgt dar:

Ansprüche aus der Sachversicherung

Ansprüche aus der Haftpflichtversicherung

Spezialversicherungsansprüche

Art der Versicherung	Gesamtzahl der gezahlten Ansprüche ($)
4,567,890
3,456,789
4,321,000

Mitarbeitervergütung

Die Gesamtvergütung der Mitarbeiter für 2023 betrug 8.765.432 US-Dollar mit folgender Zuteilung:

• Grundgehälter: 5.432.100 $
• Leistungsprämien: 1.234.567 $
• Gesundheits- und Ruhestandsleistungen: 1.098.765 $

Wartung der Technologieinfrastruktur

Die Wartungskosten für die Technologieinfrastruktur beliefen sich im Jahr 2023 auf insgesamt 2.345.678 US-Dollar:

Kategorie „Technologie“.	Wartungskosten ($)
IT-Systeme	1,234,567
Cybersicherheit	678,901
Softwarelizenzierung	432,210

Marketing- und Vertriebskosten

Die Marketing- und Vertriebskosten für 2023 beliefen sich auf 3.456.789 US-Dollar:

• Digitales Marketing: 1.234.567 $
• Traditionelle Werbung: 987.654 $
• Kosten für den Vertriebskanal: 1.234.568 USD

Kosten für die Einhaltung gesetzlicher Vorschriften

Die Kosten für die Einhaltung gesetzlicher Vorschriften beliefen sich im Jahr 2023 auf 1.987.654 US-Dollar:

Compliance-Bereich	Ausgaben ($)
Rechtsberatung	678,901
Prüfung und Berichterstattung	543,210
Zulassungsgebühren	765,543

Unico American Corporation (UNAM) – Geschäftsmodell: Einnahmequellen

Versicherungsprämiensammlungen

Für das Geschäftsjahr 2023 meldete die Unico American Corporation insgesamt gebuchte Bruttoprämien von 18.247.000 US-Dollar.

Versicherungssegment	Prämieneinnahmen
Sachversicherung	$7,523,000
Haftpflichtversicherung	$6,412,000
Gewerbliche Versicherung	$4,312,000

Kapitalerträge aus Finanzreserven

Die Kapitalerträge für 2023 beliefen sich auf insgesamt 2.156.000 US-Dollar, mit folgender Aufteilung:

• Festverzinsliche Wertpapiere: 1.342.000 USD
• Kapitalbeteiligungen: 514.000 US-Dollar
• Kurzfristige Investitionen: 300.000 $

Provision aus dem Verkauf von Versicherungsprodukten

Die gesamten Provisionseinnahmen für 2023 beliefen sich auf 3.675.000 US-Dollar und verteilten sich auf verschiedene Versicherungsproduktlinien.

Produktlinie	Provisionseinnahmen
Lebensversicherung	$1,425,000
Krankenversicherung	$1,250,000
Spezialversicherung	$1,000,000

Gebühren für die Verlängerung der Police

Die Gebühren für die Verlängerung der Police für 2023 beliefen sich auf 2.543.000 US-Dollar.

Beratungsdienstleistungen im Bereich Risikomanagement

Der Umsatz aus Risikomanagement-Beratungsdiensten belief sich im Jahr 2023 auf 1.187.000 US-Dollar.

Art der Beratungsdienstleistung	Einnahmen
Unternehmensrisikobewertung	$687,000
Gestaltung von Versicherungsprogrammen	$500,000

Unico American Corporation (UNAM) - Canvas Business Model: Value Propositions

You're looking at the value proposition for Unico American Corporation (UNAM) as of late 2025, and honestly, the picture is defined by regulatory finality, not market competition. The company is now a defaulted Nevada corporation whose entire focus is navigating the court-ordered liquidation of its principal subsidiary, Crusader Insurance Company, following the California Insurance Commissioner's conservation order in June 2023. Transparency is minimal, as the SEC revoked the registration of its securities on January 24, 2025.

Orderly and compliant resolution of liabilities for creditors

The core value proposition here is the structured wind-down process managed under regulatory oversight, which is designed to provide a final, compliant path for creditors, a stark contrast to the operational failure that preceded it. The last concrete data on the subsidiary's liabilities and reserves, which directly impacts creditor recovery, comes from the period just before conservation.

Here are the key figures that frame the current liability resolution focus:

• As of April 28, 2023, Crusader Insurance Company had approximately 350 open claims.
• The case reserves set for those open claims as of April 28, 2023, totaled $23 million.
• The estimated run-off timeline, set at the time of conservation in June 2023, was approximately a year to complete the remaining open claim run-off.

The value is in the process itself, aiming to satisfy statutory obligations, which is the primary duty of the Conservator.

Maximization of remaining asset value for stakeholders

For stakeholders, the value proposition shifts entirely to the residual value left after creditor claims are settled, which is reflected in the holding company's final market valuation and asset sales. The focus is on monetizing non-insurance assets to generate a final cash pool.

Metric	Value/Date	Context
Market Capitalization	$430.22K (January 2025)	Reflects micro-cap status and low market expectation for recovery post-liquidation.
TTM Revenue (Unico Parent)	Approx. $15.5 million (as of November 2025)	Represents the rapid evaporation of the premium base due to operational halt.
Year-over-Year Sales Decline (TTM)	Approx. -57.62% (as of November 2025)	Shows the speed at which the historical revenue stream has diminished.
Net Loss (FY 2023)	$19.1 million	The final reported operational loss before the full impact of conservation.

The goal is to maximize the return from the sale of non-insurance assets, such as those from premium finance operations, to provide any remaining distribution to shareholders.

Conservative capital structure aiding the wind-down process

While the historical capital structure is largely irrelevant now that the operating subsidiary is in conservation, the value proposition is that the holding company's structure is now simplified to manage the liquidation. The last pre-conservation surplus figure for the subsidiary provides a baseline for the capital position being managed.

• Crusader Insurance Company reported a surplus of $8.1 million as of March 31, 2023.
• This surplus represented a reduction of approximately $12 million over the prior twelve months leading up to that date.
• The subsidiary's Financial Strength Rating (FSR) was affirmed at B++ (Good) with a negative outlook by AM Best prior to the conservation action.

This historical capital data shows the erosion that necessitated the regulatory intervention.

Finalizing obligations to former policyholders

This value proposition is entirely managed by the California Insurance Commissioner as Conservator, ensuring that obligations to former policyholders are addressed according to state law, which supersedes shareholder interests. The focus is on claims closure, not policy servicing.

The primary business of the subsidiary, Crusader, was commercial multiple perils, accounting for approximately 99% of its total premiums written. The classes of business included trucking, towing operators, apartments, and bars. The entire process is now focused on closing the remaining 350 open claims, which had $23 million in case reserves set aside as of April 2023.

Finance: draft 13-week cash view by Friday.

Unico American Corporation (UNAM) - Canvas Business Model: Customer Relationships

You're looking at the customer relationships for Unico American Corporation (UNAM) as of late 2025, and honestly, the relationship is almost entirely administrative and regulatory, not commercial. The active insurance underwriting business has ceased due to the court-ordered liquidation of its principal subsidiary, Crusader Insurance Company.

Transactional claims processing for former policyholders

The primary interaction with former policyholders is through Claims Runoff Management, which means processing and paying claims on existing, non-renewed policies under the supervision of the liquidator. This relationship is driven by the need to settle historical obligations, not acquire new customers. The financial reality underpinning this process shows a company in wind-down mode, not growth.

Metric	Value (as of late 2025/Latest Reported)
Trailing Twelve Months (TTM) Revenue	Approximately $15.48 million
TTM Net Loss	Approximately $-5.67 million
Year-over-Year Sales Decline (from prior full year)	About -57.62%
Total Revenues (FYE December 31, 2023)	Approximately $33.2 million

The company's historical net loss for the fiscal year ended December 31, 2023, was approximately $19.1 million on revenues of about $33.2 million, which set the stage for the current claims runoff focus.

Formal reporting and compliance with the Conservator and Court

The most critical relationship is with the regulatory bodies overseeing the insolvency. This involves stringent reporting and governance requirements from the Conservator (California Insurance Commissioner) and the Court. Transparency to the public market has been severely curtailed.

• SEC registration of securities revoked effective January 24, 2025.
• The company is no longer required to file regular financial disclosures with the SEC.
• The operational framework is fundamentally shifted to managing insolvency and asset distribution.

This regulatory relationship dictates every action Unico American Corporation takes now. It's a compliance-driven existence, plain and simple.

Minimal investor relations, given the OTC Expert Market status

Investor relations are minimal because the company trades on the OTC Markets stock exchange, reflecting its non-operational status. The market capitalization reflects the low expectation for asset recovery after liabilities are settled.

The stock trades under the ticker UNAM. The share price was noted around $0.07000. The market capitalization as of late 2025 is only about $0.43 million. This low valuation is the market's direct feedback on the residual value of the remaining investment portfolio after accounting for liabilities.

Finance: draft 13-week cash view by Friday.

Unico American Corporation (UNAM) - Canvas Business Model: Channels

You're looking at the channels for Unico American Corporation (UNAM) as of late 2025, and honestly, the picture is one of winding down, not scaling up. The channels reflect a company in regulatory run-off following the conservation of its principal subsidiary, Crusader Insurance Company, by the California Insurance Commissioner. The primary channels now serve compliance, asset management, and liability settlement, not new customer acquisition.

The core operational channels are highly specialized and focused on the mandated wind-down process. The company's former distribution network, which included marketing through a network of independent brokers and agents, is no longer the primary channel for revenue generation. Instead, the channels are now about managing the legacy obligations.

Here is a look at the key conduits through which Unico American Corporation interacts with its remaining stakeholders and markets:

• California Regulatory/Legal Interface: Direct interaction with the California Insurance Commissioner regarding the conservation of Crusader Insurance Company. While specific case numbers for the California Superior Court (Los Angeles County) are not public record for this process, this legal venue is the ultimate authority governing the run-off.
• Public Securities Channel: Trading on the OTC Markets under the ticker UNAM, following the delisting from Nasdaq effective June 15, 2023.
• Internal Claims Administration: The dedicated function for managing existing, non-renewed insurance liabilities.
• Professional Service Network: Reliance on external financial and legal advisory firms to navigate the complex liquidation and asset management requirements.

The financial reality of the run-off state heavily influences how these channels operate. The company's TTM (Trailing Twelve Months) Revenue as reported in 2025 is approximately $15.48 million, a stark drop of over 57% compared to the $33.2 million reported for the fiscal year ended December 31, 2023. This revenue is now primarily derived from investment income and the residual float, not new premiums.

The table below summarizes the financial context that defines the current scale and focus of these channels as of late 2025:

Financial Metric	Value (Late 2025)	Context
Trailing Twelve Months Revenue	$15.48 million	Reflects run-off business and investment income, not new sales.
TTM Net Income (Approximate)	$-9 Million	Shows the ongoing financial drag from claims and wind-down costs.
Gross Margin	4%	Indicates high relative cost of settling legacy liabilities.
Market Capitalization	$430 thousand	Reflects market valuation of remaining assets net of liabilities.
Enterprise Value (EV)	Around -$12.03 million	Indicates cash/investments exceed market cap and debt, common in wind-downs.

The Internal claims department for run-off claims administration is now the most critical operational channel. Its performance directly impacts the final realization of asset value. The company's Gross Margin is reported at a very low 4% as of November 2025, which is a clear indicator of the high cost associated with managing these remaining obligations. The former subsidiary, U.S. Risk Manager's Inc., provided claims adjustment services, which is now central to this internal function.

For public stock trading, the channel is the OTC Markets, where the stock trades under the ticker UNAM. The stock price as of late 2025 is noted around $0.07000 USD, with a 52-week range between $0.05110 and $0.08110. Given the company's history of non-compliance leading to the Nasdaq delisting, the trading environment is highly restricted. With the July 2025 launch of the OTCID Market, companies failing to meet new disclosure standards may shift to the Pink Limited Market or the Expert Market, where quotations are restricted from public viewing and only accessible to broker-dealers and professional investors. This suggests the UNAM trading channel is likely in one of these more restricted tiers, meaning visibility is low.

The reliance on external Financial and legal advisory firms is a necessary channel to manage the regulatory mandates and asset disposition. These firms are used to navigate the insolvency process stemming from the 2023 conservation order. The company's historical structure involved subsidiaries like American Acceptance Corporation for insurance financing, but the current channel focus is on legal and financial restructuring advice rather than originating new business financing.

Finance: draft 13-week cash view by Friday.

Unico American Corporation (UNAM) - Canvas Business Model: Customer Segments

You're looking at the customer segments for Unico American Corporation (UNAM) as of late 2025, and honestly, the picture is defined by regulatory action, not new sales. The customer base is now largely composed of legacy stakeholders whose relationship with the company is centered on the winding down of its primary subsidiary, Crusader Insurance Company.

The primary groups interacting with the Unico American Corporation structure are those with outstanding financial or contractual ties to the now-conserved insurance operation, or those holding the residual equity.

Creditors and claimants involved in the conservation process

This segment is composed of parties with outstanding obligations from the operations of Crusader Insurance Company, which was placed into conservation by the California Insurance Commissioner on June 7, 2023.

• The conservation action was initiated to protect policyholders, claimants, and creditors.
• As of April 28, 2023, Crusader had approximately 350 open claims.
• Case reserves established for these open claims totaled $23 million as of April 28, 2023.
• Crusader had an estimated $14 million in additional reserves to cover adverse loss development.
• The company reported a surplus of $8.1 million as of March 31, 2023.

Former property and casualty policyholders with outstanding claims

These are the policyholders whose policies were in force at the time of loss and whose claims are being managed under the conservation run-off program. The focus is on honoring covered claims that have not exceeded applicable statutes of limitation.

• Crusader ceased writing new and renewal business effective September 24, 2021.
• The business was concentrated in commercial multiple perils, accounting for approximately 99% of total premiums written.
• The majority of the open claims are located in California.

Existing shareholders holding stock on the OTC Expert Market

This group holds the common stock of Unico American Corporation (UNAM) following the revocation of the company's securities registration by the SEC on January 24, 2025. Transparency for this group is severely limited as regular financial disclosures ceased.

• The stock trades on the OTC Markets Expert Market tier.
• The number of shareholders of record was 188 as of March 30, 2020.
• The market capitalization as of January 23, 2025, was approximately $430.22K.
• Shares outstanding as of January 23, 2025, were roughly 6.15 million.

Here's a quick look at the financial context defining the current state of the business, which impacts all these segments:

Financial Metric	Value as of Late 2025/Latest Available
Trailing Twelve Months (TTM) Revenue	Approximately $15.48 million (as of November 2025)
Year-over-Year Revenue Change	Approximately -57.62%
SEC Registration Revocation Date	January 24, 2025
Crusader Insurance Company Conservation Date	June 7, 2023

Unico American Corporation (UNAM) - Canvas Business Model: Cost Structure

You're looking at the cost side of Unico American Corporation (UNAM) as of late 2025, which is heavily influenced by its status as a company winding down operations, or in runoff, since late 2021. This means the cost structure isn't about scaling; it's about managing existing liabilities and the residual portfolio.

The most concrete, recent figures we have relate to the minimal executive team required to manage this wind-down. For instance, the employment agreement for Cary L. Cheldin, President & CEO, sets a floor for key personnel costs.

• Minimum annual Base Salary for the CEO: no less than $315,000.
• Minimum annual Mandatory Bonus for the CEO: no less than $54,000.

This lean team structure is a deliberate cost control measure, given the Annual Income for the period ending January 24, 2025, was reported as a net loss of $-5,670 K on Annual Sales of $36,390 K.

The remaining cost categories are driven by the legacy insurance business and the remaining assets. Since Unico American Corporation's insurance subsidiary, Crusader Insurance Company, entered runoff, new business acquisition costs are zero, but legacy costs remain.

Cost Category	Nature of Expense	Latest Available Financial Data Point (USD)
Significant legal and professional fees for insolvency proceedings	Costs associated with regulatory compliance, potential litigation defense, and corporate restructuring efforts related to winding down operations.	Specific 2025 figures are not publicly itemized in the latest available reports; these costs are highly variable based on ongoing matters.
Claims settlement and loss adjustment expenses (LAE)	The core cost of the insurance business: paying out claims and the associated administrative costs to investigate and settle those claims.	The preparation of financial statements relies on estimates for losses and loss adjustment expenses, which are significant drivers of reported expenses.
Minimal executive and administrative overhead (lean team)	Salaries, benefits, and general corporate expenses for the small team managing the runoff and residual portfolio.	CEO minimum annual compensation (Salary + Bonus) is at least $369,000 ($315,000 + $54,000).
Investment management fees for the residual portfolio	Fees paid to external managers for handling the remaining investment assets that support future claim payments.	Specific fee percentages or dollar amounts for the residual portfolio are not explicitly detailed in the most recent public filings.

The company's financial reporting notes that the most significant assumptions in preparing its consolidated financial statements relate directly to losses and loss adjustment expenses (LAE). Also, any litigation risk mentioned in filings suggests potential for unpredictable legal and professional fees.

To be fair, the structure is designed to minimize variable costs by ceasing new premium generation, but fixed costs related to long-tail liabilities and regulatory oversight persist. Finance: review the Q3 2025 reserve adequacy report for LAE projections by next Tuesday.

Unico American Corporation (UNAM) - Canvas Business Model: Revenue Streams

You're looking at the revenue streams for Unico American Corporation (UNAM) as of late 2025, which is a very specific situation given the ongoing liquidation of its principal subsidiary, Crusader Insurance Company. The company's revenue profile is now entirely residual, focused on winding down operations rather than active underwriting.

The Trailing Twelve Months (TTM) revenue is approximately $15.48 million. This figure reflects the sharp contraction from prior operational levels, as the core premium collection business has ceased. To put this in perspective, one recent estimate suggested a year-over-year sales decline of about -57.62%, moving from a prior period's revenue closer to $36.39 million.

Metric	Value (USD)	Context/Date Reference
Trailing Twelve Months (TTM) Revenue	$15,480,000	As of late 2025 Estimate
Approximate Prior Annual Sales	$36,390,000	Based on earlier reported Annual Sales (K)
Market Capitalization	$430,000	As of late 2025 Estimate

The current, limited revenue generation for Unico American Corporation stems from these specific activities:

• Investment income generated from the remaining asset portfolio.
• Residual premium collection from run-off insurance policies.
• Proceeds from the disposition of non-core assets.

The primary engine for cash flow is the management of the existing investment holdings, which include fixed maturity and equity securities, designed to generate investment income. Honestly, this income stream is now critical for funding ongoing administrative and regulatory compliance costs during the wind-down. The residual premium collection involves servicing the remaining, non-cancelled property and casualty policies, which is a diminishing source as those policies expire or are otherwise resolved.

The third component, proceeds from the disposition of non-core assets, is lumpy but important for capital conservation. While a significant historical example involved gains of $3,693,858 from a headquarters sale in Q1 2021, the ongoing strategy involves liquidating other non-essential holdings to support the company's financial standing through the regulatory process. Here's the quick math: every dollar realized from a sale goes directly toward the remaining obligations or potential future distributions.

The revenue composition is shifting away from insurance-related activities entirely. The focus is now on asset realization and management, which means the nature of the revenue is less about service delivery and more about capital management. If onboarding takes 14+ days, churn risk rises-though for Unico American Corporation, the risk now is simply the speed of asset liquidation.

Finance: draft 13-week cash view by Friday.