Ullico Inc., the Only Labor-Owned Insurance and Investment Company, Reports Record Pre-Tax Earnings During 2024 Annual Shareholders Meeting
Ullico Inc. reported to shareholders a record for pre-tax earnings in fiscal 2023, reaching $68.6 million.
Ullico Inc., the only labor-owned insurance and investment company, announced today the addition of three new members to its Board of Directors.
Ullico also announced that Kenneth E. Rigmaiden, President Emeritus of the IUPAT, has stepped down from the Board of Directors after more than a decade of service.
“We are excited to welcome our new directors to the Board of Ullico Inc. Their wealth of experience and diverse perspectives will contribute significantly to our meeting the mission of Labor’s financial service company,” said Terry O’Sullivan, Chairman of the Board for Ullico Inc. “As we usher in this new chapter, we extend our heartfelt gratitude to Ken Rigmaiden for his dedicated service and invaluable contributions to the American Labor Movement and Ullico over the years.”
“At Ullico, we are thrilled to welcome Secretary-Treasurer Redmond, President Williams and Secretary Walsh, who all have remarkable expertise and proven track records, which helps us serve our affinity,” said Brian J. Hale, President and CEO of Ullico Inc. “Their addition to our Board strengthens our commitment to growth and delivering excellence to our stakeholders.”
About Ullico
The Ullico Inc. family of companies provides insurance and investment solutions for labor organizations, union employers, institutional investors and union members. Founded 95 years ago, the company takes a proactive approach to anticipating labor’s needs, developing innovative financial and risk solutions and delivering value to our clients. Our products are tailored to promote financial security and stability for American workers.
The Ullico Inc. family of companies includes The Union Labor Life Insurance Company; Ullico Casualty Group, LLC.; Ullico Investment Company, LLC.; and Ullico Investment Advisors, Inc. For additional information, visit www.ullico.com.