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“All in all, the persona and charisma behind Crusader Insurance Company remains with Erwin (the company’s founder, director and former chairman) and Cary Cheldin,” Cary Cheldin told the Rough Notes insurance magazine during an October 2000 interview. “The company’s personality is embodied by the two to this day.” For the fourth quarter of 2015, Unico reported revenues of $8.7 million and a net loss of $0.2 million. For the past full year, the company’s reported revenues were $33.3 million, with a net loss of $1.2 million. Stockholders’ equity was $70.3 million as of December 31, 2015, or $13.23 per common share including unrealized after-tax investment losses of $0.03 million. Unico American Corp. underwrites property and casualty insurance in Arizona, California, Nevada, Oregon, and Washington. The company provides property, casualty, health, and life insurance products, as well as insurance premium financing and membership association services. Unico’s commercial property coverage insures against loss or damage to buildings, inventory, and equipment from natural disasters, including hurricanes, windstorms, hail, water, explosions, and severe winter weather, as well as other events, such as theft and vandalism, fires, storms, and financial loss due to business interruption resulting from covered property damage. The company also provides commercial liability coverage that insures against third party liability from accidents occurring on the insured’s’ premises or arising out of its operation; and writes separate policies to insure commercial property and commercial liability risks on a mono-line basis. In addition, it sells and services daily automobile rental policies; and provides group medical and dental policies, as well as health and life insurance for individuals and groups. The company markets its insurance products primarily through a network of brokers and retail agents. Unico has conducted the majority of its operations through its subsidiary Crusader Insurance Company since 1985. Unico was founded in 1969 by Erwin Cheldin, who remains a director, and is headquartered in Calabasas, California. In 2013, Unico bought a 46,884 square-foot office building within the Calabasas Commerce Center for $9.5 million, where it relocated its headquarters from Woodland Hills, California, on October 2015. The majority of Crusader’s policies are underwritten through an affiliated general agency and sister company, Unifax Insurance Systems, Inc. On October 29, 2015 A.M. Best affirmed the financial strength rating of A- (EXCELLENT) and the issuer credit rating (ICR) of “a-” of Crusader Insurance Company (Crusader). Additionally, A.M. Best has affirmed the ICR of “bbb-” of Crusader’s parent company, Unico American Corporation (Unico) [NASDAQ:UNAM]. The outlook for all ratings is STABLE according to A.M. Best. Unico’s and Crusader’s History In 1953, the Cheldin Insurance Agency started marketing insurance to commercial and personal customers. Erwin Cheldin, the founder, faced many of the same problems producers face today: inflexible underwriting, minimum volume requirements, and slow impersonal service. He dreamed of overcoming such problems by starting a better insurance company, one with vision and insight that understood the challenges facing producers. In 1976, he realized his dream when Crusader Insurance Company was incorporated. His focus was answering the real needs of the customers and of the independent agents and brokers, by offering fast telephone quotes, extended hours, two-day policy issuance, and responsive underwriting. Crusader began its California operations in 1985, specializing in small commercial accounts. In 1996, Cary L. Cheldin, Erwin’s son, was elected president of Crusader.]]>