At a time when life insurance was not available to union members, Samuel Gompers, the first and longest-serving president of the American Federation of Labor (AFL), saw the value of a union-owned insurance company. And the rest, as they say, is history.
On May 1, 1927, The Union Labor Life Insurance Company (Ullico) opened for business. Since the first group life insurance policy was issued to Federal Employees Local 105 in Washington, D.C., Ullico has stood shoulder to shoulder with union members and employers to ensure financial security and peace of mind.
For generations, Ullico has responded to the changing needs of working men and women. From insurance products for union members to investments that have created thousands of union jobs around the country, Ullico has been devoted to making life better for millions of Americans.
Ullico is the only labor-owned insurance and investment company, which is why union members and employers across America trust us with protecting their families, employees, businesses and investments. We have proudly been there for the union workplace for more than 85 years…here’s to many more!
Labor leaders founded our company to provide financial security to the movement’s members and their families. Since 1927 we have offered specialty insurance and investment products to Labor organizations, union employers, institutional investors and union working men and women. With our insights into the Labor market and our in-depth product knowledge, no other company comes close to serving the union workplace like Ullico.
Our ability to serve America’s workers responsibly is what counts with the Ullico Family of Companies. This was true at the founding of The Union Labor Life Insurance Company in 1927 and remains true today for all subsidiaries and business lines. The products offered may change and grow to meet the dynamic needs of labor, but our commitment to working men and women is everlasting.
Our mission is:
FINANCIAL STRENGTH: Financial strength and security, with a focus on discipline and accountability, to deliver stability amidst market uncertainty and solid growth into the future
PRODUCT EXPERTISE: Unparalleled combination of expertise in each of our product categories and experience in the union marketplace
MARKET CREDIBILITY: Unmatched credibility within the labor movement and an in-depth knowledge and understanding of labor’s unique challenges
LABOR VALUES: 80 years of service to the labor movement defined by the same work ethic and values of working men and women and the unions that represent them
PROACTIVE SOLUTIONS: A proactive approach to anticipating labor’s needs, developing innovative financial and risk solutions and delivering value to our clients
LABOR HERITAGE: A labor heritage that was born out of the vision of labor leaders and lives on through union investments and direct relationships with two-thirds of the labor market