Unico American Corporation (Nasdaq: UNAM) ("Unico," the "Company")
announced today that its Board of Directors declared a cash dividend of
$1.00 per share of common stock. This cash dividend declared on November
15, 2012, is payable on December 14, 2012, to shareholders of record on
November 30, 2012.
The Board of Directors declared this cash dividend after taking into
consideration the Company's current liquidity and financial position.
Headquartered in Woodland Hills, California, Unico is an insurance
holding company that underwrites property and casualty insurance through
its insurance company subsidiary; provides property, casualty, and
health insurance through its agency subsidiaries; and through its other
subsidiaries provides insurance prmium financing and membership
association services. Unico has conducted the majority of its operations
through its subsidiary Crusader Insurance Company since 1985. For more
information concerning Crusader Insurance Company, please visit
Crusader's Web site at www.crusaderinsurance.com.
Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995: Certain statements contained herein that are not historical
facts are forward-looking. These statements, which may be identified by
forward-looking words or phrases such as "anticipate," "appears,"
"believe," "expect," "intend," "may," "should," and "would," involve
risks and uncertainties, many of which are beyond the control of the
Company. Such risks and uncertainties could cause actual results to
differ materially from these forward-looking statements. Factors which
could cause actual results to differ materially include underwriting
actions not being effective, rate increases for coverages not being
sufficient, premium rate adequacy relating to competition or regulation,
actual versus estimated claim experience, regulatory changes or
developments, unforeseen calamities, general market conditions, and the
Company's ability to introduce new profitable products.
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