Unico American Corporation Reports Third Quarter 2020 Financial Results and Hiring of Executive Officer

CALABASAS, CA / ACCESSWIRE / November 13, 2020 / Unico American Corporation (NASDAQ:UNAM) ("Unico" or the "Company"), announced today its consolidated financial results for the three and nine months ended September 30, 2020. For the three months ended September 30, 2020, net loss was $17,940,488 ($3.38 diluted loss per share) compared to net income of $212,467 ($0.04 diluted earnings per share) for the three months ended September 30, 2019. For the nine months ended September 30, 2020, net loss was $19,419,128 ($3.66 diluted loss per share) compared to net loss of $735,284 ($0.14 diluted loss per share) for the nine months ended September 30, 2019. Book value per share was $6.99 and $10.38 at September 30, 2020, and December 31, 2019, respectively.