It is said that an organization is only as good as the people that make it run. By this measure, Ullico stands at the top. For more than 85 years, Ullico employees have helped union members get the life insurance they need. One of the hallmarks of Ullico staff is to adjust to the various needs of organized labor. From the new requirements of health care reform to creating investment products to meet the needs of today’s pensions, Ullico staff has always been there to help unions deal with the most pressing issues of the day.
With hundreds of years of combined work experience in the various facets of our company, Ullico employees stand ready to serve the men and women of the labor movement. Several employees have been with the company more than 30 years, and that means over three decades of relationships with union members and their families.
At Ullico, we challenge our employees to consistently grow and never stop innovating. There is a banner at the AFL-CIO headquarters just around the corner from our offices that reads “Innovate and Act.” As simple as it sounds, too often we get stuck in a routine and concentrate only on executing. And other times we innovate, but do not follow through. But just as the labor movement has changed and adapted to the time, so has Labor’s Company.
A prime example of Ullico’s ability to innovate and act is the Ullico Infrastructure Fund. The infrastructure that American citizens and businesses depend on is underfunded and falling apart. We could not wait for Wall Street or Washington to rebuild our infrastructure and create union jobs, so we are doing it ourselves. In fact, work is underway in Central California on solar projects we have invested in that are creating much needed jobs for a region still plagued by high unemployment.
Ullico values a diverse work environment that promotes integrity, innovation, dedication and teamwork and provides rewarding opportunities for our employees. This dedication from Ullico’s employees helped the company to achieve positive financial results in 2013 and that momentum has continued.
Ullico posted a strong first half this year with gains in medical stop loss insurance, its professional insurance lines, and assets under management. In addition, Separate Account J (J for Jobs) provided loans for more than 15 projects across the country. We are excited about the opportunities that lie ahead and we look forward to serving our marketplace well into the future.
Ullico works because of the people that work for Ullico, and we never forget that.
Edward M. Smith
President and CEO