UIA Investment Management Firm Exceeds $1 Billion

Ullico's Fixed-Income Management Firm Exceeds $1 Billion in Assets Under Management

Washington, D.C. (Nov. 4, 2021) — Ullico announced that its fixed-income management firm — UIA Investment Management, LLC (UIA-IM) — has surpassed $1 billion in assets under management.

UIA-IM, which launched in 2018, achieved this remarkable milestone in under three years, despite facing headwinds caused by the COVID-19 pandemic.

"For half of the firm's existence, we've been operating in a pandemic. Yet even as marketing activity proved challenging, we attracted institutional funds and grew our assets under management," said Joseph R. Linehan, President of Ullico Investment Advisors. "Going forward, we believe that even more investors will conduct due diligence on our firm and feel confident entrusting their assets to UIA-IM."

Ullico and its subsidiaries, including UIA-IM, manage more than $8 billion in assets across commercial real estate, infrastructure, and fixed-income strategies. Though UIA-IM is relatively new to the Ullico family, its senior management team has worked with Ullico since 1996.

UIA-IM's team members have designed and implemented investment strategies for defined benefit pension funds for over 20 years. The firm believes it is well-suited to assist multiemployer plans who will participate in the special financial assistance program of the American Rescue Plan Act.

"Many market participants have not managed fixed-income portfolios in a rising rate environment. Our investment professionals average over 23 years of experience and have successfully managed fixed-income portfolios through numerous interest rate cycles. We believe this experience will serve our clients well as we enter a period of less accommodative monetary policy and rising inflation," said Stephen A. Eason, CFA, President of UIA-IM.

"Ullico is committed to building a best-in-class fixed-income company," said Edward M. Smith, President and Chief Executive Officer of Ullico, Inc. "Reaching $1 billion in fixed-income assets under management is just a start and indicates that the firm is on the right path."


About Ullico

The Ullico Inc. family of companies provides insurance and investment solutions for labor organizations, union employers, institutional investors and union members. Founded over 90 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.; Ullico Investment Advisors, Inc.; and Ullico Benefit Solutions, LLC. For additional information, visit www.ullico.com.


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