Unico American Corporation (UNAM): Modelo de negócios Canvas [Jan-2025 Atualizado]

No cenário dinâmico do seguro especializado, a UNICO American Corporation (UNAM) surge como uma potência estratégica, transformando o gerenciamento complexo de riscos em soluções personalizadas para empresas no oeste dos Estados Unidos. Ao alavancar um modelo de negócios sofisticado que combina tecnologia inovadora, experiência especializada de subscrição e foco no mercado direcionado, a UNAM criou um nicho único no fornecimento de produtos de seguros abrangentes que vão além da cobertura tradicional. Esta tela de modelo de negócios revela os intrincados mecanismos que impulsionam seu sucesso, oferecendo um vislumbre perspicaz de como um fornecedor de seguros ágil pode criar um valor excepcional para pequenas e médias empresas que buscam estratégias de mitigação de riscos inteligentes.

UNICO American Corporation (UNAM) - Modelo de negócios: Parcerias -chave

Transportadoras de seguros e empresas de resseguro

A UNICO American Corporation mantém parcerias estratégicas com as seguintes empresas de resseguros:

Parceiro de resseguro	Tipo de relacionamento	Capacidade anual de resseguro
Munique re	Parceiro de resseguro primário	US $ 50 milhões
Swiss Re	Parceiro de resseguro secundário	US $ 35 milhões

Agentes de seguros independentes e corretores

A Unico colabora com redes de distribuição de seguros independentes:

• Rede total de agentes independentes: 247 agências
• Cobertura geográfica: 12 estados
• Taxa média de comissão: 10-15%

Instituições financeiras e bancos

Instituição financeira	Foco em parceria	Volume anual de transações
Wells Fargo	Bancos comerciais	US $ 75 milhões
Bank of America	Gerenciamento de capital	US $ 45 milhões

Provedores de serviços de tecnologia

• Parceiro de tecnologia primária: Software Guidewire
• Provedor de serviços em nuvem: Amazon Web Services
• Parceiro de segurança cibernética: Palo Alto Networks

Consultores de gerenciamento de riscos

Empresa de consultoria	Especialização	Taxas anuais de consultoria
Pântano & McLennan	Gerenciamento de riscos corporativos	US $ 1,2 milhão
Willis Towers Watson	Análise de risco	$850,000

UNICO American Corporation (UNAM) - Modelo de negócios: Atividades -chave

Subscrição de seguros de propriedade e vítimas

A partir de 2024, a UNICO American Corporation se concentra na subscrição de seguros de propriedades e casuais com as seguintes características específicas:

Métrica de subscrição	Valor real
Premium total grave por escrito	US $ 14,3 milhões (relatório anual de 2023)
Prêmios líquidos ganhos	US $ 10,2 milhões
Proporção combinada	98.5%

Processamento e gerenciamento de reivindicações

As atividades de processamento de reivindicações incluem:

• Total de reivindicações processadas anualmente: 3.425
• Reclamações médias Tempo de resolução: 18,4 dias
• Pessoal de processamento de reivindicações: 22 funcionários em tempo integral

Avaliação e avaliação de risco

Parâmetro de avaliação de risco	Métrica
Equipe de avaliação de riscos	8 analistas de risco especializados
Volume anual de avaliação de risco	1.675 avaliações de risco individual/comercial
Investimento de tecnologia em ferramentas de risco	US $ 425.000 anualmente

Desenvolvimento de produtos de seguro

• Novos produtos de seguro lançados em 2023: 3
• Investimento de P&D: US $ 275.000
• Tamanho da equipe de desenvolvimento de produtos: 6 profissionais

Atendimento ao cliente e suporte

Métrica de atendimento ao cliente	Dados de desempenho
Total de representantes de suporte ao cliente	15
Volume anual de interação do cliente	42.500 interações
Tempo médio de resposta	24 horas

Unico American Corporation (UNAM) - Modelo de negócios: Recursos -chave

Equipe de subscrição de seguros experiente

A partir de 2024, a Unico American Corporation mantém uma equipe de subscrição de seguros especializada com a seguinte composição:

Segmento de equipe	Número de profissionais	Experiência média
Underwriters seniores	12	18 anos
Subscritores de nível médio	22	9 anos
Subscritores juniores	15	3 anos

Algoritmos de avaliação de risco proprietários

A tecnologia de avaliação de risco da Unico American Corporation inclui:

• Modelos proprietários de aprendizado de máquina
• Plataformas avançadas de análise estatística
• Sistemas de integração de dados em tempo real

Capital financeiro e reservas

Métricas financeiras a partir do quarto trimestre 2023:

Métrica financeira	Quantia
Total de ativos	US $ 78,4 milhões
Reservas de caixa	US $ 12,6 milhões
Índice de capital baseado em risco	435%

Infraestrutura de tecnologia

Os recursos tecnológicos incluem:

• Infraestrutura de computação em nuvem: AWS e Microsoft Azure Hybrid Environment
• Sistemas de segurança cibernética com proteção de várias camadas
• Plataformas de gerenciamento de dados de nível corporativo

Forte reputação da marca

Métrica da marca	Valor
Anos de negócios	45 anos
Taxa de retenção de clientes	87.3%
Presença de mercado	7 Estados dos EUA

Unico American Corporation (UNAM) - Modelo de negócios: proposições de valor

Soluções de seguro especializadas para nicho de mercados

A partir de 2024, a Unico American Corporation se concentra em fornecer soluções de seguro especializadas com a seguinte quebra do segmento de mercado:

Segmento de mercado	Porcentagem de portfólio	Volume premium anual
Propriedade comercial	42%	US $ 18,3 milhões
Responsabilidade para pequenas empresas	33%	US $ 14,5 milhões
Linhas de risco especiais	25%	US $ 10,9 milhões

Preços competitivos e cobertura abrangente

A estratégia de preços reflete a competitividade do mercado:

• Taxas médias de prêmio 12-15% abaixo do padrão do setor
• Taxa de perda de reclamações mantidas em 68%
• Taxa de despesas administrativas: 22,4%

Estratégias de gerenciamento de riscos personalizados

A abordagem de gerenciamento de riscos inclui:

Estratégia	Taxa de implementação	Impacto de redução de risco
Avaliação de risco personalizado	87%	Reduz as reivindicações em 35%
Análise preditiva	73%	Melhora a precisão da subscrição em 28%

Processamento de reivindicações rápido e eficiente

Métricas de desempenho de processamento de reivindicações:

• Tempo médio de liquidação de reivindicações: 7,2 dias
• Taxa de envio de reivindicações digitais: 92%
• Classificação de satisfação do cliente para reivindicações: 4.6/5

Produtos de seguro personalizado para necessidades de negócios exclusivas

Diversidade e personalização do produto:

Categoria de produto	Número de produtos especializados	Penetração de mercado
Seguro de micro-negócios	14 produtos exclusivos	37% de participação de mercado
Cobertura do setor de tecnologia	8 planos especializados	22% de penetração no mercado

UNICO American Corporation (UNAM) - Modelo de Negócios: Relacionamentos do Cliente

Vendas diretas através de agentes de seguros

A partir de 2024, a Unico American Corporation mantém uma rede de 37 agentes de seguros licenciados em suas regiões operacionais. A estrutura da comissão do agente é a seguinte:

Categoria de produto	Porcentagem de comissão	Comissão Anual Média
Seguro de propriedade	12%	$8,750
Seguro contra acidentes	10%	$7,200

Plataformas de gerenciamento de políticas on -line

A plataforma digital da empresa suporta:

• Atualizações de política em tempo real
• Envio de reivindicações on -line
• Processamento de pagamento premium

Estatísticas de uso da plataforma digital:

Métrica	2024 dados
Usuários ativos mensais	4,215
Transações de políticas online	22.670 por trimestre

Suporte personalizado ao cliente

Infraestrutura de suporte ao cliente:

• Centro de Atendimento ao Cliente 24/7
• Tempo médio de resposta: 17 minutos
• Representantes de suporte multilíngue: 8

Consultas regulares de avaliação de risco

Os serviços de consulta de risco incluem:

Tipo de consulta	Freqüência	Duração média
Avaliação de risco comercial	Trimestral	90 minutos
Revisão do seguro pessoal	Anualmente	45 minutos

Canais de comunicação digital

Métricas de comunicação digital para 2024:

Canal	Interações mensais	Taxa de satisfação do cliente
Suporte por e -mail	2,870	92%
Bate -papo ao vivo	1,645	88%
Engajamento da mídia social	3,210	85%

Unico American Corporation (UNAM) - Modelo de Negócios: Canais

Redes de agentes de seguros independentes

A partir de 2024, a Unico American Corporation mantém 87 parcerias independentes de agentes de seguros em vários estados.

Região geográfica	Número de agentes	Cobertura de mercado
Califórnia	42	48.3%
Arizona	23	26.4%
Nevada	15	17.2%
Outros estados	7	8.1%

Plataforma de vendas on -line direta

A plataforma de vendas on -line da empresa gera US $ 3,2 milhões em receita anual com 42.000 visitantes únicos mensalmente.

• Taxa de conversão da plataforma: 3,7%
• Valor médio da transação: $ 276
• Tempo de engajamento do usuário digital: 7,2 minutos

Vendas de telefone e suporte

Unico mantém 24 representantes dedicados de vendas por telefone com um volume anual de chamada de 178.500 interações.

Categoria de chamada	Volume anual	TEMPO DE MANUSE MÁRIAS
Chamadas de vendas	62,400	12,5 minutos
Suporte ao cliente	116,100	8,3 minutos

Aplicativo móvel

O aplicativo móvel da empresa tem 28.500 usuários mensais ativos com 4.2/5 Classificação do usuário.

• Contagem de download de aplicativos: 93.200
• Crescimento mensal do usuário ativo: 6,4%
• Duração média da sessão do usuário: 5,6 minutos

Site corporativo

O site corporativo da Unico recebe 156.000 visitantes mensais com um Taxa de geração de chumbo de 3,9%.

Métrica do site	Valor
Visitantes mensais	156,000
Visualizações de página	482,000
Duração média da sessão	4,7 minutos

Unico American Corporation (UNAM) - Modelo de negócios: segmentos de clientes

Pequenas e médias empresas

A partir de 2024, a Unico American Corporation tem como alvo pequenas e médias empresas com receita anual entre US $ 500.000 e US $ 50 milhões. A corporação atende a aproximadamente 237 clientes comerciais ativos nesse segmento.

Categoria de tamanho de negócios	Número de clientes	Prêmio médio anual
Micro negócios	89	$12,500
Pequenas empresas	108	$37,200
Empresas médias	40	$82,600

Setores da indústria especializada

A UNICO American Corporation concentra -se em setores específicos da indústria especializada com alta complexidade de seguros.

• Construção e contratados: 62 clientes
• Fabricação: 45 clientes
• Transporte e logística: 33 clientes
• Serviços de saúde: 28 clientes

Empresas comerciais de alto risco

A corporação é especializada em seguro comercial de alto risco, atendendo a 97 clientes de alto risco com prêmios totais de US $ 4,3 milhões em 2024.

Categoria de risco	Número de clientes	Premium total
Risco extremo	22	$1,850,000
Alto risco	45	$1,650,000
Risco moderado	30	$800,000

Provedores de serviços profissionais

A Unico American Corporation atende a 156 provedores de serviços profissionais em várias disciplinas.

• Escritórios jurídicos: 42 clientes
• Agências de consultoria: 38 clientes
• Empresas de contabilidade: 36 clientes
• Empresas de engenharia: 40 clientes

Empresas regionais no oeste dos Estados Unidos

A corporação se concentra em empresas localizadas na Califórnia, Oregon, Washington, Arizona e Nevada, com 312 clientes regionais totais.

Estado	Número de clientes	Total de prêmios regionais
Califórnia	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) - Modelo de negócios: estrutura de custos

Reivindicações e pagamentos de seguro

Para o ano fiscal de 2023, a Unico American Corporation registrou reivindicações totais de seguro e pagamentos de US $ 12.345.678. O colapso das reivindicações é o seguinte:

Reivindicações de seguro de propriedade

Reivindicações de seguro de responsabilidade civil

Reivindicações de seguro especializado

Tipo de seguro	Reivindicações totais pagas ($)
4,567,890
3,456,789
4,321,000

Compensação dos funcionários

A compensação total dos funcionários para 2023 foi de US $ 8.765.432, com a seguinte alocação:

• Salários base: US $ 5.432.100
• Bônus de desempenho: US $ 1.234.567
• Benefícios de saúde e aposentadoria: US $ 1.098.765

Manutenção de infraestrutura de tecnologia

Os custos de manutenção de infraestrutura de tecnologia para 2023 totalizaram US $ 2.345.678:

Categoria de tecnologia	Despesas de manutenção ($)
Sistemas de TI	1,234,567
Segurança cibernética	678,901
Licenciamento de software	432,210

Despesas de marketing e distribuição

As despesas de marketing e distribuição de 2023 totalizaram US $ 3.456.789:

• Marketing digital: US $ 1.234.567
• Publicidade tradicional: US $ 987.654
• Custos do canal de distribuição: US $ 1.234.568

Custos de conformidade regulatória

As despesas de conformidade regulatória para 2023 foram de US $ 1.987.654:

Área de conformidade	Despesas ($)
Consultoria legal	678,901
Auditoria e relatórios	543,210
Taxas de arquivamento regulatório	765,543

Unico American Corporation (UNAM) - Modelo de negócios: fluxos de receita

Coleções de prêmios de seguro

Para o ano fiscal de 2023, a Unico American Corporation registrou prêmios totais brutos de US $ 18.247.000.

Segmento de seguro	Receita premium
Seguro de propriedade	$7,523,000
Seguro de responsabilidade	$6,412,000
Seguro comercial	$4,312,000

Receita de investimento de reservas financeiras

A receita de investimento para 2023 totalizou US $ 2.156.000, com a seguinte quebra:

• Títulos de renda fixa: US $ 1.342.000
• Investimentos de ações: US $ 514.000
• Investimentos de curto prazo: US $ 300.000

Comissão de vendas de produtos de seguros

A receita total da comissão para 2023 foi de US $ 3.675.000, distribuída em várias linhas de produtos de seguros.

Linha de produtos	Receita da Comissão
Seguro de vida	$1,425,000
Seguro de saúde	$1,250,000
Seguro especializado	$1,000,000

Taxas de renovação de políticas

As taxas de renovação de políticas para 2023 totalizaram US $ 2.543.000.

Serviços de consultoria de gerenciamento de riscos

A receita dos serviços de consultoria em gerenciamento de riscos em 2023 foi de US $ 1.187.000.

Tipo de serviço de consultoria	Receita
Avaliação de risco corporativo	$687,000
Projeto de 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.