At Ullico Inc., we continue to grow our business by making smart financial decisions, engaging in sound underwriting practices, providing innovative products  and exemplary customer service.  Armed with extensive investment and specialty insurance expertise and a deep understanding of Labor and its challenges, we are constantly seeking creative and customized solutions to expand current markets  for the benefit of the union workplace and working men and women everywhere, while at the same time, maintaining a conservative and future-focused business strategy.

We also strive to foster a culture of corporate ethics, honesty, integrity and accountability, both internally and in our dealings with all our customers and partners. As a result of our commitment to the highest standards of corporate governance and financial reporting procedures, Ullico voluntarily follows the Sarbanes Oxley Act regulations. 

No other company shares such a long-standing relationship with Labor or an unwavering commitment to this marketplace.  

Financial News from Ullico:

Like most businesses, Ullico saw its share of ups and downs in 2010.  Fortunately for us, there were more good days than bad and we were able to navigate the turbulent economic waters.  The financial strength ratings of our insurance divisions were reaffirmed by A.M. Best, with a secure B+ stable outlook for Union Labor Life and a secure B+ positive outlook for Ullico Casualty Company.  Some highlights for the year include:

• Total assets under management as of December 31, 2010 were $5.6 billion, an increase from $5.4 billion at year-end 2009.

• Premium and fee revenue for 2010 was $314 million, a $26.6 million increase over 2009.

• Net income increased by $5.7 million, from $1.7 million in 2009 to $7.4 million in 2010. 

Click here to view our 2010 Annual Report.