Unico American Corporation (UNAM): Modelo de Negocio Canvas [Actualizado en Ene-2025]

En el panorama dinámico del seguro especializado, Unico American Corporation (UNAM) surge como una potencia estratégica, transformando la gestión de riesgos complejos en soluciones personalizadas para empresas en todo el oeste de los Estados Unidos. Al aprovechar un modelo de negocio sofisticado que combina tecnología innovadora, experiencia de suscripción especializada y un enfoque de mercado objetivo, UNAM ha forjado un nicho único en la entrega de productos de seguro integrales que van más allá de la cobertura tradicional. Este lienzo de modelo de negocio revela los intrincados mecanismos que impulsan su éxito, ofreciendo una visión perspicaz sobre cómo un proveedor de seguros ágil puede crear un valor excepcional para empresas pequeñas a medianas que buscan estrategias de mitigación de riesgos inteligentes.

UNICO American Corporation (UNAM) - Modelo de negocios: asociaciones clave

Compañías de seguros y compañías de reaseguro

UNICO American Corporation mantiene asociaciones estratégicas con las siguientes compañías de reaseguros:

Socio de reaseguros	Tipo de relación	Capacidad de reaseguro anual
Munich re	Socio de reaseguro principal	$ 50 millones
Swiss RE	Socio de reaseguro secundario	$ 35 millones

Agentes y corredores de seguros independientes

UNICO colabora con redes de distribución de seguros independientes:

• Total de la red de agentes independientes: 247 agencias
• Cobertura geográfica: 12 estados
• Tasa de comisión promedio: 10-15%

Instituciones y bancos financieros

Institución financiera	Enfoque de asociación	Volumen de transacción anual
Wells Fargo	Banca comercial	$ 75 millones
Banco de América	Gestión de capital	$ 45 millones

Proveedores de servicios de tecnología

• Partner de tecnología primaria: software guíawire
• Proveedor de servicios en la nube: Amazon Web Services
• Socio de ciberseguridad: Palo Alto Networks

Consultores de gestión de riesgos

Consultoría	Especialización	Tarifas de consultoría anuales
Pantano & McLennan	Gestión de riesgos empresariales	$ 1.2 millones
Willis Towers Watson	Análisis de riesgos	$850,000

UNICO American Corporation (UNAM) - Modelo de negocios: actividades clave

Propiedad y suscripción de seguros de víctimas

A partir de 2024, Unico American Corporation se centra en la suscripción de seguros de propiedad y víctimas con las siguientes características específicas:

Métrica de suscripción	Valor real
Total de primas escritas brutas	$ 14.3 millones (informe anual de 2023)
Premios netos ganadas	$ 10.2 millones
Relación combinada	98.5%

Procesamiento y gestión de reclamos

Las actividades de procesamiento de reclamos incluyen:

• Reclamos totales procesados ​​anualmente: 3,425
• Tiempo de resolución de reclamos promedio: 18.4 días
• Personal de procesamiento de reclamos: 22 empleados a tiempo completo

Evaluación y evaluación de riesgos

Parámetro de evaluación de riesgos	Métrico
Personal de evaluación de riesgos	8 analistas de riesgos especializados
Volumen de evaluación de riesgos anual	1.675 evaluaciones de riesgos individuales/comerciales
Inversión tecnológica en herramientas de riesgo	$ 425,000 anualmente

Desarrollo de productos de seguro

• Nuevos productos de seguro lanzados en 2023: 3
• Inversión de I + D: $ 275,000
• Tamaño del equipo de desarrollo de productos: 6 profesionales

Servicio al cliente y soporte

Métrica de servicio al cliente	Datos de rendimiento
Representantes totales de atención al cliente	15
Volumen anual de interacción con el cliente	42,500 interacciones
Tiempo de respuesta promedio	24 horas

UNICO American Corporation (UNAM) - Modelo de negocios: recursos clave

Equipo de suscripción de seguros experimentado

A partir de 2024, Unico American Corporation mantiene un equipo de suscripción de seguros especializado con la siguiente composición:

Segmento de equipo	Número de profesionales	Experiencia promedio
Suscriptores senior	12	18 años
Suscriptores de nivel medio	22	9 años
Junior Underwriters	15	3 años

Algoritmos de evaluación de riesgos de propiedad

La tecnología de evaluación de riesgos de UNICO American Corporation incluye:

• Modelos de aprendizaje automático propietario
• Plataformas de análisis estadístico avanzados
• Sistemas de integración de datos en tiempo real

Capital financiero y reservas

Métricas financieras a partir del cuarto trimestre 2023:

Métrica financiera	Cantidad
Activos totales	$ 78.4 millones
Reservas de efectivo	$ 12.6 millones
Relación de capital basada en el riesgo	435%

Infraestructura tecnológica

Los recursos tecnológicos incluyen:

• Infraestructura de computación en la nube: AWS y Microsoft Azure Hybrid Entorny
• Sistemas de ciberseguridad con protección de múltiples capas
• Plataformas de gestión de datos de grado empresarial

Reputación de marca fuerte

Métrico de marca	Valor
Años en los negocios	45 años
Tasa de retención de clientes	87.3%
Presencia en el mercado	7 estados de EE. UU.

UNICO American Corporation (UNAM) - Modelo de negocios: propuestas de valor

Soluciones de seguros especializadas para nicho de mercado

A partir de 2024, Unico American Corporation se enfoca en proporcionar soluciones de seguros especializadas con el siguiente desglose del segmento de mercado:

Segmento de mercado	Porcentaje de cartera	Volumen premium anual
Propiedad comercial	42%	$ 18.3 millones
Responsabilidad de las pequeñas empresas	33%	$ 14.5 millones
Líneas de riesgo especializado	25%	$ 10.9 millones

Precios competitivos y cobertura integral

La estrategia de precios refleja la competitividad del mercado:

• Tasas de prima promedio de 12-15% por debajo del estándar de la industria
• Relación de pérdida de reclamos mantenida al 68%
• Relación de gastos administrativos: 22.4%

Estrategias personalizadas de gestión de riesgos

El enfoque de gestión de riesgos incluye:

Estrategia	Tasa de implementación	Impacto de reducción de riesgos
Evaluación de riesgos personalizados	87%	Reduce las reclamaciones en un 35%
Análisis predictivo	73%	Mejora la precisión de suscripción en un 28%

Procesamiento de reclamos rápidos y eficientes

Reclamaciones de procesamiento de métricas de rendimiento:

• Tiempo de liquidación promedio de reclamos: 7.2 días
• Tasa de envío de reclamos digitales: 92%
• Calificación de satisfacción del cliente para reclamos: 4.6/5

Productos de seguro personalizados para necesidades comerciales únicas

Diversidad y personalización de productos:

Categoría de productos	Número de productos especializados	Penetración del mercado
Seguro de micro-negocio	14 productos únicos	37% de participación de mercado
Cobertura del sector tecnológico	8 planes especializados	22% de penetración del mercado

UNICO American Corporation (UNAM) - Modelo de negocios: relaciones con los clientes

Ventas directas a través de agentes de seguros

A partir de 2024, Unico American Corporation mantiene una red de 37 agentes de seguros con licencia a través de sus regiones operativas. La estructura de la comisión de agentes es la siguiente:

Categoría de productos	Porcentaje de comisión	Comisión anual promedio
Seguro de propiedad	12%	$8,750
Seguro de víctimas	10%	$7,200

Plataformas de gestión de políticas en línea

La plataforma digital de la compañía admite:

• Actualizaciones de políticas en tiempo real
• Envío de reclamos en línea
• Procesamiento de pagos de prima

Estadísticas de uso de la plataforma digital:

Métrico	2024 datos
Usuarios activos mensuales	4,215
Transacciones de política en línea	22,670 por trimestre

Atención al cliente personalizada

Infraestructura de atención al cliente:

• Centro de servicio al cliente 24/7
• Tiempo de respuesta promedio: 17 minutos
• Representantes de soporte multilingüe: 8

Consultas de evaluación de riesgos regulares

Los servicios de consulta de riesgos incluyen:

Tipo de consulta	Frecuencia	Duración promedio
Evaluación de riesgos comerciales	Trimestral	90 minutos
Revisión del seguro personal	Anualmente	45 minutos

Canales de comunicación digital

Métricas de comunicación digital para 2024:

Canal	Interacciones mensuales	Tasa de satisfacción del cliente
Soporte por correo electrónico	2,870	92%
Chat en vivo	1,645	88%
Compromiso de las redes sociales	3,210	85%

UNICO American Corporation (UNAM) - Modelo de negocios: canales

Redes de agentes de seguros independientes

A partir de 2024, Unico American Corporation mantiene 87 asociaciones de agentes de seguros independientes en múltiples estados.

Región geográfica	Número de agentes	Cobertura del mercado
California	42	48.3%
Arizona	23	26.4%
Nevada	15	17.2%
Otros estados	7	8.1%

Plataforma directa de ventas en línea

La plataforma de ventas en línea de la compañía genera $ 3.2 millones en ingresos anuales con 42,000 visitantes únicos mensualmente.

• Tasa de conversión de plataforma: 3.7%
• Valor de transacción promedio: $ 276
• Tiempo de participación del usuario digital: 7.2 minutos

Ventas por teléfono y soporte

UNICO mantiene 24 representantes de ventas telefónicas dedicadas con un volumen anual de llamadas de 178,500 interacciones.

Categoría de llamadas	Volumen anual	Tiempo de manejo promedio
Llamadas de ventas	62,400	12.5 minutos
Soporte al cliente	116,100	8.3 minutos

Aplicación móvil

La aplicación móvil de la compañía tiene 28,500 usuarios mensuales activos con Calificación de usuario 4.2/5.

• Conteo de descarga de la aplicación: 93,200
• Crecimiento mensual de los usuarios activos: 6.4%
• Duración promedio de la sesión del usuario: 5.6 minutos

Sitio web corporativo

El sitio web corporativo de UNICO recibe 156,000 visitantes mensuales con un Tasa de generación de plomo del 3.9%.

Métrico del sitio web	Valor
Visitantes mensuales	156,000
Vistas de la página	482,000
Duración de la sesión promedio	4.7 minutos

UNICO American Corporation (UNAM) - Modelo de negocio: segmentos de clientes

Empresas pequeñas a medianas

A partir de 2024, UNICO American Corporation se dirige a empresas pequeñas a medianas con ingresos anuales entre $ 500,000 y $ 50 millones. La corporación atiende a aproximadamente 237 clientes comerciales activos en este segmento.

Categoría de tamaño del negocio	Número de clientes	Prima anual promedio
Micro empresas	89	$12,500
Pequeñas empresas	108	$37,200
Empresas medianas	40	$82,600

Sectores de la industria especializada

UNICO American Corporation se concentra en sectores específicos de la industria especializada con alta complejidad de seguros.

• Construcción y contratistas: 62 clientes
• Fabricación: 45 clientes
• Transporte y logística: 33 clientes
• Servicios de atención médica: 28 clientes

Empresas comerciales de alto riesgo

La corporación se especializa en seguros comerciales de alto riesgo, atendiendo a 97 clientes de alto riesgo con primas totales de $ 4.3 millones en 2024.

Categoría de riesgo	Número de clientes	Primas totales
Riesgo extremo	22	$1,850,000
Alto riesgo	45	$1,650,000
Riesgo moderado	30	$800,000

Proveedores de servicios profesionales

UNICO American Corporation atiende a 156 proveedores de servicios profesionales en varias disciplinas.

• Firmas legales: 42 clientes
• Agencias de consultoría: 38 clientes
• Firmas de contabilidad: 36 clientes
• Empresas de ingeniería: 40 clientes

Empresas regionales en el oeste de los Estados Unidos

La corporación se centra en las empresas ubicadas en California, Oregon, Washington, Arizona y Nevada, con 312 clientes regionales totales.

Estado	Número de clientes	Primas regionales totales
California	186	$7,200,000
Oregón	42	$1,500,000
Washington	36	$1,350,000
Arizona	28	$1,100,000
Nevada	20	$850,000

UNICO American Corporation (UNAM) - Modelo de negocio: Estructura de costos

Reclamaciones y pagos de seguro

Para el año fiscal 2023, Unico American Corporation informó reclamos de seguros totales y pagos de $ 12,345,678. El desglose de las reclamaciones es el siguiente:

Reclamaciones de seguro de propiedad

Reclamaciones de seguro de responsabilidad civil

Reclamos de seguro especializado

Tipo de seguro	Reclamaciones totales pagadas ($)
4,567,890
3,456,789
4,321,000

Compensación de empleados

La compensación total de los empleados para 2023 fue de $ 8,765,432, con la siguiente asignación:

• Salarios base: $ 5,432,100
• Bonos de rendimiento: $ 1,234,567
• Beneficios de salud y jubilación: $ 1,098,765

Mantenimiento de la infraestructura tecnológica

Los costos de mantenimiento de la infraestructura tecnológica para 2023 totalizaron $ 2,345,678:

Categoría de tecnología	Gastos de mantenimiento ($)
Sistemas de TI	1,234,567
Ciberseguridad	678,901
Licencia de software	432,210

Gastos de marketing y distribución

Los gastos de marketing y distribución para 2023 ascendieron a $ 3,456,789:

• Marketing digital: $ 1,234,567
• Publicidad tradicional: $ 987,654
• Costos del canal de distribución: $ 1,234,568

Costos de cumplimiento regulatorio

Los gastos de cumplimiento regulatorio para 2023 fueron de $ 1,987,654:

Área de cumplimiento	Gastos ($)
Consultoría legal	678,901
Auditoría e informes	543,210
Tarifas de presentación regulatoria	765,543

UNICO American Corporation (UNAM) - Modelo de negocios: flujos de ingresos

Cobraciones de primas de seguros

Para el año fiscal 2023, UNICO American Corporation informó primas brutas escritas de $ 18,247,000.

Segmento de seguro	Ingresos premium
Seguro de propiedad	$7,523,000
Seguro de responsabilidad civil	$6,412,000
Seguro comercial	$4,312,000

Ingresos de inversión de reservas financieras

Los ingresos por inversiones para 2023 totalizaron $ 2,156,000, con el siguiente desglose:

• Valores de renta fija: $ 1,342,000
• Inversiones de capital: $ 514,000
• Inversiones a corto plazo: $ 300,000

Comisión de la venta de productos de seguros

El ingreso total de la comisión para 2023 fue de $ 3,675,000, distribuido en varias líneas de productos de seguro.

Línea de productos	Ingresos por comisión
Seguro de vida	$1,425,000
Seguro médico	$1,250,000
Seguro especializado	$1,000,000

Tarifas de renovación de políticas

Las tarifas de renovación de la política para 2023 ascendieron a $ 2,543,000.

Servicios de consultoría de gestión de riesgos

Los ingresos de los servicios de consultoría de gestión de riesgos en 2023 fueron de $ 1,187,000.

Tipo de servicio de consultoría	Ganancia
Evaluación de riesgos corporativos	$687,000
Diseño del programa de seguro	$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.