Ullico Inc. Announces First-Quarter 2024 Financial and Business Highlights
Ullico Inc., the only labor-owned insurance and investment company, shared select financial and business results for its fiscal first quarter ended March 31, 2024.
Washington, D.C. — Ullico Inc., the only labor-owned insurance and investment company, announced today changes to its board of directors and management team. The changes are in keeping with the company’s strategic succession plan following the untimely passing of CEO and Chairman of the Board Edward M. Smith.
“Ullico mourns the loss of Ed Smith, a great leader and visionary. Thankfully, the company is in good hands. Our new CEO, Brian Hale offers a unique combination of deep labor roots, MBA credentials and years of senior executive leadership experience at Ullico. The board is confident that the company’s management team will continue Smith’s legacy as a champion of the American Labor Movement,” said Chairman Terry O’Sullivan.
“We will navigate this period of change with resilience and unity,” said CEO and President Brian Hale. “The board and I are dedicated to carrying out Ed Smith’s commitment that Ullico must serve the needs of working men and women while maintaining a successful business model on behalf of our shareholders.”
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.