UNICO American Corporation (UNAM): Business Model Canvas [Jan-2025 Mise à jour]

Dans le paysage dynamique de l'assurance spécialisée, Unico American Corporation (UNAM) apparaît comme une puissance stratégique, transformant la gestion des risques complexes en solutions sur mesure pour les entreprises de l'ouest des États-Unis. En tirant parti d'un modèle commercial sophistiqué qui mélange une technologie innovante, une expertise de souscription spécialisée et une orientation ciblée sur le marché, l'UNAM a élaboré un créneau unique dans la fourniture de produits d'assurance complets qui vont au-delà de la couverture traditionnelle. Cette toile du modèle commercial révèle les mécanismes complexes qui stimulent leur succès, offrant un aperçu perspicace de la façon dont un assureur agile peut créer une valeur exceptionnelle pour les petites et moyennes entreprises à la recherche de stratégies d'atténuation des risques intelligents.

UNICO American Corporation (UNAM) - Modèle d'entreprise: partenariats clés

Compagnies d'assurance et sociétés de réassurance

Unico American Corporation entretient des partenariats stratégiques avec les sociétés de réassurance suivantes:

Partenaire de réassurance	Type de relation	Capacité de réassurance annuelle
Munich re	Partenaire de réassurance primaire	50 millions de dollars
Suisse re	Partenaire de réassurance secondaire	35 millions de dollars

Agents et courtiers d'assurance indépendants

UNICO collabore avec des réseaux de distribution d'assurance indépendants:

• Réseau d'agent indépendant total: 247 agences
• Couverture géographique: 12 États
• Taux de commission moyen: 10-15%

Institutions et banques financières

Institution financière	Focus de partenariat	Volume de transaction annuel
Wells Fargo	Banque commerciale	75 millions de dollars
Banque d'Amérique	Gestion du capital	45 millions de dollars

Fournisseurs de services technologiques

• Partenaire technologique primaire: logiciel Guidewire
• Fournisseur de services cloud: services Web Amazon
• Partenaire de cybersécurité: réseaux Palo Alto

Consultants en gestion des risques

Cabinet de conseil	Spécialisation	Frais de consultation annuels
Marais & McLennan	Gestion des risques d'entreprise	1,2 million de dollars
Willis Towers Watson	Analyse des risques	$850,000

Unico American Corporation (UNAM) - Modèle d'entreprise: activités clés

Souscription d'assurance des biens et des victimes

Depuis 2024, Unico American Corporation se concentre sur la souscription d'assurance immobilière et de victimes avec les caractéristiques spécifiques suivantes:

Métrique de souscription	Valeur réelle
Primes écrites brutes totales	14,3 millions de dollars (rapport annuel 2023)
Primes nettes gagnées	10,2 millions de dollars
Rapport combiné	98.5%

Traitement et gestion des réclamations

Les activités de traitement des réclamations comprennent:

• Total des réclamations traitées chaque année: 3 425
• Temps de résolution des réclamations moyennes: 18,4 jours
• Personnel de traitement des réclamations: 22 employés à temps plein

Évaluation et évaluation des risques

Paramètre d'évaluation des risques	Métrique
Personnel d'évaluation des risques	8 analystes à risque spécialisés
Volume annuel d'évaluation des risques	1 675 évaluations des risques individuels / commerciaux
Investissement technologique dans les outils de risque	425 000 $ par an

Développement de produits d'assurance

• Nouveaux produits d'assurance lancés en 2023: 3
• Investissement en R&D: 275 000 $
• Taille de l'équipe de développement de produits: 6 professionnels

Service client et assistance

Métrique du service client	Données de performance
Représentants totaux de support client	15
Volume d'interaction client annuel	42 500 interactions
Temps de réponse moyen	24 heures

Unico American Corporation (UNAM) - Modèle d'entreprise: Ressources clés

Équipe de souscription d'assurance expérimentée

En 2024, Unico American Corporation maintient une équipe de souscription d'assurance spécialisée avec la composition suivante:

Segment d'équipe	Nombre de professionnels	Expérience moyenne
Souscripteurs seniors	12	18 ans
Souscripteurs de niveau intermédiaire	22	9 ans
Souscripteurs juniors	15	3 ans

Algorithmes d'évaluation des risques propriétaires

La technologie d'évaluation des risques de Unico American Corporation comprend:

• Modèles d'apprentissage automatique propriétaires
• Plateformes d'analyse statistique avancées
• Systèmes d'intégration de données en temps réel

Capital financier et réserves

Mesures financières auprès du quatrième trimestre 2023:

Métrique financière	Montant
Actif total	78,4 millions de dollars
Réserves en espèces	12,6 millions de dollars
Ratio de capital basé sur le risque	435%

Infrastructure technologique

Les ressources technologiques comprennent:

• Infrastructure de cloud computing: Environnement hybride AWS et Microsoft Azure
• Systèmes de cybersécurité avec protection multicouche
• Plateformes de gestion des données de qualité d'entreprise

Grande réputation de marque

Métrique de la marque	Valeur
Années de travail	45 ans
Taux de rétention de la clientèle	87.3%
Présence du marché	7 États américains

Unico American Corporation (UNAM) - Modèle d'entreprise: propositions de valeur

Solutions d'assurance spécialisées pour les marchés de niche

En 2024, UNICO American Corporation se concentre sur la fourniture de solutions d'assurance spécialisées avec la rupture du segment de marché suivant:

Segment de marché	Pourcentage de portefeuille	Volume de prime annuel
Propriété commerciale	42%	18,3 millions de dollars
Responsabilité des petites entreprises	33%	14,5 millions de dollars
Lignes de risque spécialisées	25%	10,9 millions de dollars

Prix ​​compétitifs et couverture complète

La stratégie de tarification reflète la compétitivité du marché:

• Taux de prime moyen 12-15% en dessous de la norme de l'industrie
• Ratio de perte de réclamation maintenu à 68%
• Ratio de dépenses administratives: 22,4%

Stratégies de gestion des risques personnalisés

L'approche de gestion des risques comprend:

Stratégie	Taux de mise en œuvre	Impact de réduction des risques
Évaluation des risques personnalisés	87%	Réduit les réclamations de 35%
Analytique prédictive	73%	Améliore la précision de la souscription de 28%

Traitement des réclamations rapides et efficaces

Réclamations Traitement des mesures de performance:

• Temps de règlement des réclamations moyennes: 7,2 jours
• Taux de soumission des réclamations numériques: 92%
• Évaluation de satisfaction du client pour les réclamations: 4.6 / 5

Produits d'assurance sur mesure pour les besoins commerciaux uniques

Diversité et personnalisation des produits:

Catégorie de produits	Nombre de produits spécialisés	Pénétration du marché
Assurance micro-entreprise	14 produits uniques	37% de part de marché
Couverture du secteur technologique	8 plans spécialisés	22% de pénétration du marché

UNICO American Corporation (UNAM) - Modèle d'entreprise: relations avec les clients

Ventes directes par le biais d'agents d'assurance

Depuis 2024, Unico American Corporation conserve un réseau de 37 agents d'assurance agréés à travers ses régions opérationnelles. La structure de la Commission des agents est la suivante:

Catégorie de produits	Pourcentage de commission	Commission annuelle moyenne
Assurance immobilière	12%	$8,750
Assurance victime	10%	$7,200

Plateformes de gestion des politiques en ligne

La plate-forme numérique de l'entreprise prend en charge:

• Mises à jour de la politique en temps réel
• Soumission de réclamations en ligne
• Traitement des paiements premium

Statistiques d'utilisation de la plate-forme numérique:

Métrique	2024 données
Utilisateurs actifs mensuels	4,215
Transactions de politique en ligne	22 670 par trimestre

Support client personnalisé

Infrastructure de support client:

• Centre de service client 24/7
• Temps de réponse moyen: 17 minutes
• Représentants du support multilingue: 8

Consultations régulières d'évaluation des risques

Les services de consultation des risques comprennent:

Type de consultation	Fréquence	Durée moyenne
Évaluation des risques d'entreprise	Trimestriel	90 minutes
Examen de l'assurance personnelle	Annuellement	45 minutes

Canaux de communication numériques

Métriques de communication numérique pour 2024:

Canal	Interactions mensuelles	Taux de satisfaction client
Assistance par e-mail	2,870	92%
Chat en direct	1,645	88%
Engagement des médias sociaux	3,210	85%

UNICO American Corporation (UNAM) - Modèle d'entreprise: canaux

Réseaux d'agent d'assurance indépendants

En 2024, Unico American Corporation maintient 87 partenariats d'agent d'assurance indépendants dans plusieurs états.

Région géographique	Nombre d'agents	Couverture du marché
Californie	42	48.3%
Arizona	23	26.4%
Nevada	15	17.2%
Autres États	7	8.1%

Plateforme de vente en ligne directe

La plateforme de vente en ligne de l'entreprise génère 3,2 millions de dollars de revenus annuels avec 42 000 visiteurs uniques mensuellement.

• Taux de conversion de la plate-forme: 3,7%
• Valeur de transaction moyenne: 276 $
• Temps d'engagement des utilisateurs numériques: 7,2 minutes

Ventes téléphoniques et assistance

Unico maintient 24 représentants des ventes téléphoniques dédiées avec un volume d'appel annuel de 178 500 interactions.

Catégorie d'appel	Volume annuel	Temps de manche moyen
Appels de vente	62,400	12,5 minutes
Support client	116,100	8,3 minutes

Application mobile

L'application mobile de l'entreprise a 28 500 utilisateurs mensuels actifs avec 4.2 / 5 Évaluation de l'utilisateur.

• Compte de téléchargement d'applications: 93 200
• Croissance mensuelle active des utilisateurs: 6,4%
• Durée moyenne de la session utilisateur: 5,6 minutes

Site Web de l'entreprise

Le site Web de l'UNICO reçoit 156 000 visiteurs mensuels avec un Taux de génération de leads de 3,9%.

Métrique du site Web	Valeur
Visiteurs mensuels	156,000
Pages vues	482,000
Durée moyenne de la session	4,7 minutes

UNICO American Corporation (UNAM) - Modèle d'entreprise: segments de clientèle

Petites et moyennes entreprises

En 2024, UNICO American Corporation cible les petites et moyennes entreprises ayant des revenus annuels entre 500 000 $ et 50 millions de dollars. La société dessert environ 237 clients commerciaux actifs dans ce segment.

Catégorie de taille d'entreprise	Nombre de clients	Prime annuelle moyenne
Micro-entreprises	89	$12,500
Petites entreprises	108	$37,200
Entreprises moyennes	40	$82,600

Secteurs de l'industrie spécialisée

UNICO American Corporation se concentre sur des secteurs spécifiques de l'industrie spécialisée avec une forte complexité d'assurance.

• Construction et entrepreneurs: 62 clients
• Fabrication: 45 clients
• Transport et logistique: 33 clients
• Services de santé: 28 clients

Entreprises commerciales à haut risque

La société est spécialisée dans l'assurance commerciale à haut risque, desservant 97 clients à haut risque avec des primes totales de 4,3 millions de dollars en 2024.

Catégorie de risque	Nombre de clients	Primes totales
Risque extrême	22	$1,850,000
Risque élevé	45	$1,650,000
Risque modéré	30	$800,000

Fournisseurs de services professionnels

Unico American Corporation dessert 156 prestataires de services professionnels dans diverses disciplines.

• Cirgins juridiques: 42 clients
• Agences de conseil: 38 clients
• Cabinets comptables: 36 clients
• Entreprises d'ingénierie: 40 clients

Entreprises régionales dans l'ouest des États-Unis

La société se concentre sur les entreprises situées en Californie, en Oregon, à Washington, en Arizona et au Nevada, avec 312 clients régionaux totaux.

État	Nombre de clients	Primes régionales totales
Californie	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) - Modèle d'entreprise: Structure des coûts

Réclamations et paiements d'assurance

Pour l'exercice 2023, Unico American Corporation a déclaré des réclamations et des paiements d'assurance totaux de 12 345 678 $. La rupture des réclamations est la suivante:

Réclamations d'assurance immobilière

Réclamations d'assurance responsabilité

Réclamations d'assurance spécialisée

Type d'assurance	Total des réclamations payées ($)
4,567,890
3,456,789
4,321,000

Compensation des employés

La rémunération totale des employés pour 2023 était de 8 765 432 $, avec l'allocation suivante:

• Salaires de base: 5 432 100 $
• Bonus de performance: 1 234 567 $
• Avantages en santé et en retraite: 1 098 765 $

Maintenance des infrastructures technologiques

Les coûts de maintenance des infrastructures technologiques pour 2023 ont totalisé 2 345 678 $:

Catégorie de technologie	Frais de maintenance ($)
Systèmes informatiques	1,234,567
Cybersécurité	678,901
Licence de logiciel	432,210

Dépenses de marketing et de distribution

Les frais de marketing et de distribution pour 2023 s'élevaient à 3 456 789 $:

• Marketing numérique: 1 234 567 $
• Publicité traditionnelle: 987 654 $
• Coûts du canal de distribution: 1 234 568 $

Coûts de conformité réglementaire

Les dépenses de conformité réglementaire pour 2023 étaient de 1 987 654 $:

Zone de conformité	Dépenses ($)
Conseil juridique	678,901
Audit et rapport	543,210
Frais de dépôt réglementaire	765,543

UNICO American Corporation (UNAM) - Modèle d'entreprise: sources de revenus

Collections de primes d'assurance

Pour l'exercice 2023, Unico American Corporation a déclaré des primes écrites brutes totales de 18 247 000 $.

Segment de l'assurance	Revenus de primes
Assurance immobilière	$7,523,000
Assurance responsabilité civile	$6,412,000
Assurance commerciale	$4,312,000

Revenu de placement des réserves financières

Les revenus de placement pour 2023 ont totalisé 2 156 000 $, avec la ventilation suivante:

• Titres à revenu fixe: 1 342 000 $
• Investissements en actions: 514 000 $
• Investissements à court terme: 300 000 $

Commission des ventes de produits d'assurance

Le revenu total de la commission pour 2023 était de 3 675 000 $, distribué sur diverses gammes de produits d'assurance.

Gamme de produits	Revenus de commission
Assurance-vie	$1,425,000
Assurance maladie	$1,250,000
Assurance spécialisée	$1,000,000

Frais de renouvellement des politiques

Les frais de renouvellement des politiques pour 2023 s'élevaient à 2 543 000 $.

Services de conseil en gestion des risques

Les revenus des services de conseil en gestion des risques en 2023 étaient de 1 187 000 $.

Type de service de conseil	Revenu
Évaluation des risques d'entreprise	$687,000
Conception du programme d'assurance	$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.