Unico American (UNAM) annual balance sheet covering fiscal 2016 through 2021, as reported to the SEC.
Total assets have shrunk 1.7% a year on average since fiscal 2016, from $138.22M to $126.87M.
A balance sheet shows what a company owns and what it owes on a single date. The difference between the two belongs to shareholders.
| Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||||||||||||||
Investments | |||||||||||||||||||||
Available-for-sale: Fixed maturities, at fair value (cost: $47,120,595 at September 30, 2022, and amortized cost $71,218,405 at December 31, 2021) | |||||||||||||||||||||
72,413 | 83,409 | 83,499 | 76,910 | 57,849 | 19,103 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Available-for-sale: Fixed maturities, at fair value (cost: $47,120,595 at September 30, 2022, and amortized cost $71,218,405 at December 31, 2021) | 72,413 | 83,409 | 83,499 | 76,910 | 57,849 | 19,103 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Held-to-maturity: Fixed maturities, at amortized cost (fair value: $300,000) | |||||||||||||||||||||
300 | 798 | 798 | 7,126 | 28,098 | 61,280 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Held-to-maturity: Fixed maturities, at amortized cost (fair value: $300,000) | 300 | 798 | 798 | 7,126 | 28,098 | 61,280 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Equity securities, at fair value (cost: $3,532,026 at December 31, 2021) | |||||||||||||||||||||
4,131 | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Equity securities, at fair value (cost: $3,532,026 at December 31, 2021) | 4,131 | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Equity securities, at fair value (cost: $3,613,060 at March 31, 2022, and $3,532,026 at December 31, 2021) | |||||||||||||||||||||
- | 2,746 | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Equity securities, at fair value (cost: $3,613,060 at March 31, 2022, and $3,532,026 at December 31, 2021) | - | 2,746 | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Short term investments, at fair value | |||||||||||||||||||||
1,154 | 200 | 2,196 | 4,690 | 1,847 | 10,204 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Short term investments, at fair value | 1,154 | 200 | 2,196 | 4,690 | 1,847 | 10,204 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total investments | |||||||||||||||||||||
77,999 | 87,154 | 86,494 | 88,727 | 87,795 | 90,588 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total investments | 77,999 | 87,154 | 86,494 | 88,727 | 87,795 | 90,588 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Cash, cash equivalents, and restricted cash (restricted cash of $881,506 at September 30, 2022, and $381,942 at December 31,2021) | |||||||||||||||||||||
15,626 | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Cash, cash equivalents, and restricted cash (restricted cash of $881,506 at September 30, 2022, and $381,942 at December 31,2021) | 15,626 | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Cash and cash equivalents | |||||||||||||||||||||
- | - | 5,781 | 4,917 | 9,366 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Cash and cash equivalents | - | - | 5,781 | 4,917 | 9,366 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Cash, Cash Equivalents, And Restricted Cash (restricted Cash Of $381,942 At December 31, 2021, And $1,210,243 At December 31, 2020) | |||||||||||||||||||||
- | 3,957 | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Cash, Cash Equivalents, And Restricted Cash (restricted Cash Of $381,942 At December 31, 2021, And $1,210,243 At December 31, 2020) | - | 3,957 | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Cash and restricted cash | |||||||||||||||||||||
- | - | - | - | - | 13,496 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Cash and restricted cash | - | - | - | - | - | 13,496 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Cash | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Cash | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accrued investment income | |||||||||||||||||||||
369 | 402 | 397 | 393 | 490 | 185 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accrued investment income | 369 | 402 | 397 | 393 | 490 | 185 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Receivables, net | |||||||||||||||||||||
1,204 | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Receivables, net | 1,204 | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Receivables, Net | |||||||||||||||||||||
- | 3,321 | 4,019 | 3,933 | 6,005 | 6,008 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Receivables, Net | - | 3,321 | 4,019 | 3,933 | 6,005 | 6,008 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Reinsurance recoverable: | |||||||||||||||||||||
Paid losses and loss adjustment expenses | |||||||||||||||||||||
911 | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Paid losses and loss adjustment expenses | 911 | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Unpaid losses and loss adjustment expenses | |||||||||||||||||||||
27,116 | 74,893 | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Unpaid losses and loss adjustment expenses | 27,116 | 74,893 | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Paid Losses And Loss Adjustment Expenses | |||||||||||||||||||||
- | 621 | 685 | -1 | 126 | 260 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Paid Losses And Loss Adjustment Expenses | - | 621 | 685 | -1 | 126 | 260 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Paid losses and loss adjustment expenses | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Paid losses and loss adjustment expenses | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Unpaid losses and loss adjustment expenses | |||||||||||||||||||||
- | - | 14,725 | 9,531 | 8,393 | 9,520 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Unpaid losses and loss adjustment expenses | - | - | 14,725 | 9,531 | 8,393 | 9,520 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Unpaid Losses And Loss Adjustment Expenses | |||||||||||||||||||||
- | 22,253 | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Unpaid Losses And Loss Adjustment Expenses | - | 22,253 | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred policy acquisition costs | |||||||||||||||||||||
986 | 3,503 | 3,619 | 3,489 | 4,162 | 4,432 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred policy acquisition costs | 986 | 3,503 | 3,619 | 3,489 | 4,162 | 4,432 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Real Estate Held For Sale, Net | |||||||||||||||||||||
- | 8,335 | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Real Estate Held For Sale, Net | - | 8,335 | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Property and equipment, net | |||||||||||||||||||||
2,154 | 2,038 | 10,226 | 9,692 | 10,014 | 10,282 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Property and equipment, net | 2,154 | 2,038 | 10,226 | 9,692 | 10,014 | 10,282 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred income taxes | |||||||||||||||||||||
- | - | 3,925 | 4,375 | 3,380 | 1,177 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred income taxes | - | - | 3,925 | 4,375 | 3,380 | 1,177 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other assets | |||||||||||||||||||||
502 | 313 | 430 | 557 | 561 | 2,269 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other assets | 502 | 313 | 430 | 557 | 561 | 2,269 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total assets | |||||||||||||||||||||
126,870 | 131,900 | 130,306 | 125,616 | 130,298 | 138,222 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total assets | 126,870 | 131,900 | 130,306 | 125,616 | 130,298 | 138,222 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
LIABILITIES AND STOCKHOLDERS' EQUITY | |||||||||||||||||||||
LIABILITIES | |||||||||||||||||||||
Unpaid losses and loss adjustment expenses | |||||||||||||||||||||
82,492 | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Unpaid losses and loss adjustment expenses | 82,492 | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Unpaid losses and loss adjustment expenses | |||||||||||||||||||||
- | - | 55,066 | 51,657 | 49,076 | 47,055 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Unpaid losses and loss adjustment expenses | - | - | 55,066 | 51,657 | 49,076 | 47,055 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Unpaid losses and loss adjustment expenses | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Unpaid losses and loss adjustment expenses | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Unearned premium | |||||||||||||||||||||
14,331 | 18,188 | 17,810 | 15,964 | 18,768 | 19,374 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Unearned premium | 14,331 | 18,188 | 17,810 | 15,964 | 18,768 | 19,374 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Advance premium and premium deposits | |||||||||||||||||||||
102 | 208 | 219 | 234 | 207 | 224 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Advance premium and premium deposits | 102 | 208 | 219 | 234 | 207 | 224 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Income taxes payable | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Income taxes payable | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accrued expenses and other liabilities | |||||||||||||||||||||
2,266 | 3,577 | 2,130 | 1,845 | 2,300 | 2,660 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accrued expenses and other liabilities | 2,266 | 3,577 | 2,130 | 1,845 | 2,300 | 2,660 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total liabilities | |||||||||||||||||||||
99,193 | 96,867 | 75,226 | 69,701 | 70,353 | 69,315 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total liabilities | 99,193 | 96,867 | 75,226 | 69,701 | 70,353 | 69,315 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Commitments and Contingencies (Note 10) | |||||||||||||||||||||
STOCKHOLDERS' EQUITY | |||||||||||||||||||||
Common stock, no par value - authorized 10,000,000 shares: 5,304,863 shares issued and outstanding. | |||||||||||||||||||||
3,783 | 3,771 | 3,772 | 3,772 | 3,772 | 3,761 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Common stock, no par value - authorized 10,000,000 shares: 5,304,863 shares issued and outstanding. | 3,783 | 3,771 | 3,772 | 3,772 | 3,772 | 3,761 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accumulated other comprehensive income | |||||||||||||||||||||
944 | 2,637 | 1,182 | -1,100 | -239 | 7 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accumulated other comprehensive income | 944 | 2,637 | 1,182 | -1,100 | -239 | 7 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Retained earnings | |||||||||||||||||||||
22,950 | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Retained earnings | 22,950 | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Retained Earnings | |||||||||||||||||||||
- | 28,623 | 50,124 | 53,242 | 56,412 | 65,137 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Retained Earnings | - | 28,623 | 50,124 | 53,242 | 56,412 | 65,137 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total stockholders' equity | |||||||||||||||||||||
27,677 | 35,032 | 55,080 | 55,915 | 59,945 | 68,906 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total stockholders' equity | 27,677 | 35,032 | 55,080 | 55,915 | 59,945 | 68,906 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total liabilities and stockholders' equity | |||||||||||||||||||||
126,870 | 131,900 | 130,306 | 125,616 | 130,298 | 138,222 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total liabilities and stockholders' equity | 126,870 | 131,900 | 130,306 | 125,616 | 130,298 | 138,222 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||