Unico American Corp. Reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income of $0.61 million or $0.11 per basic and diluted share on total revenues of $10.3 million compared to net income of $1.44 million or $0.26 per basic and diluted share on total revenues of $11.5 million a year ago. The company's income before taxes was $0.89 million compared to income before taxes of $2.19 million a year ago. The decrease in Revenue was primarily the result of lower investment income and reduction in premiums earned. For the nine months, the company reported net income of $2.33 million or $0.42 per basic and diluted share on total revenues of $31.5 million compared to net income of $3.18 million or $0.56 per diluted share on total revenues of $35.6 million a year ago. The company reported income before taxes of $3.44 million, and net cash used in operations of $1.47 million compared to income before taxes of $4.8 million, and net cash used in operations of $1.19 million a year ago.

Unico American Corp. announced that Mr. Jon P. Kocourek has resigned as a director of the Company effective October 8, 2009. Mr. Kocourek, who has served as a director since 2008, stated that he is rejoining his former firm Willis Re Inc. as a full time employee and is resigning in order to avoid any appearance of a conflict of interest.

Unico American Corp. reported earnings results for the second quarter and six months ended June 30, 2009. For the quarter, revenues were $10.7 million and net income was $0.7 million or $0.12 diluted income per share compared with revenues of $11.8 million and net income of $0.8 million or $0.14 diluted income per share for the quarter ended June 30, 2008. Income before taxes was $1.0 million compared to $1.17 million in the previous year period. Net premium earned was $7.9 million or 74% of total revenues in the quarter ended June 30, 2009, compared to net premium earned of $8.6 million or 73% of total revenues in the quarter ended June 30, 2008. Net investment income for the quarter ended June 30, 2009, was $1.1 million, compared to $1.5 million in the quarter ended June 30, 2008. Total insurance company revenues in the quarter ended June 30, 2009, were $9.2 million or 86% of total revenues, compared to total insurance company revenues of $10.3 million or 87% of revenues in the quarter ended June 30, 2008. For the six months ended June 30, 2009, revenues were $21.2 million and net income of $1.7 million or $0.31 diluted income per share compared with revenue of $24.1 million and net income of $1.7 million or $0.31 diluted income per share for the six months ended June 30, 2008. Net premium earned was $15.5 million or 73% of revenues for the six months ended June 30, 2009, compared to net premium earned of $17.5 million or 73% of revenues for the six months ended June 30, 2008. Net investment income before realized investment gains or losses for the six months ended June 30, 2009, was $2.4 million, compared to $3.1 million for the six months ended June 30, 2008. Annualized yield on average invested assets was 3.3% for the six months ended June 30, 2009, compared to 4.3% for the six months ended June 30, 2008. Total insurance company revenues were $18.3 million or 86% of total revenues in the six months ended June 30, 2009, compared to total insurance company revenues of $20.9 million or 87% of revenues for the six months ended June 30, 2008. Income Before Taxes was $2.54 million compared to $2.61 million in the previous year period. Net cash used in operating activities was $1.17 million compared to $2.19 million in the previous year period. Cash invested in purchase of property and equipment was $12.41 million compared to $30.24 million in the previous year period.