EXHIBIT 99.1

NEWS RELEASE

CONTACT: Lester A. Aaron

Chief Financial Officer

818-591-9800

UNICO AMERICAN CORPORATION REPORTS

THIRD QUARTER 2015 FINANCIAL RESULTS

Calabasas, CA, November 6, 2015 – Unico American Corporation (NASDAQ – “UNAM”) (“Unico,” the “Company”), announced today its consolidated financial results for the three and nine months ended September 30, 2015. For the three months ended September 30, 2015, revenues were $8.5 million and net loss was $0.7 million ($0.12 diluted loss per share) compared with revenues of $7.8 million and net income of $0.03 million ($0.01 diluted earnings per share) for the three months ended September 30, 2014. For the nine months ended September 30, 2015, revenues were $24.6 million and net loss was $0.9 million ($0.17 diluted loss per share) compared with revenues of $22.8 million and net income of $0.9 million ($0.17 diluted earnings per share) for the nine months ended September 30, 2014.

Stockholders’ equity was $70.8 million as of September 30, 2015, or $13.28 per common share including unrealized gains, net of tax, of $0.06 million, compared to stockholders’ equity of $71.8 million as of December 31, 2014, or $13.44 per common share including unrealized after-tax investment gains of $0.004 million.  

Headquartered in Calabasas, California, Unico is an insurance holding company that underwrites property and casualty insurance through its insurance company subsidiary; provides property, casualty and health insurance through its agency subsidiaries; and through its other subsidiaries provides insurance premium financing and membership association services. Unico has conducted the majority of its operations through its subsidiary Crusader Insurance Company since 1985. For more information concerning Crusader Insurance Company, please visit the Crusader’s Web site at www.crusaderinsurance.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained herein that are not historical facts are forward-looking. These statements, which may be identified by forward-looking words or phrases such as “anticipate,” “appears,” “believe,” ”expect,” “intend,” “may,” “should,” and “would,” involve risks and uncertainties, many of which are beyond the control of the Company. Such risks and uncertainties could cause actual results to differ materially from these forward-looking statements. Factors which could cause actual results to differ materially include underwriting actions not being effective, rate increases for coverages not being sufficient, premium rate adequacy relating to competition or regulation, actual versus estimated claim experience, regulatory changes or developments, unforeseen calamities, general market conditions, and the Company’s ability to introduce new profitable products.

Financial Tables Follow –

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UNICO AMERICAN CORPORATION

AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

($ in thousands)

	September 30		December 31
	2015		2014
	(Unaudited)
ASSETS
Investments
Available for sale:
Fixed maturities, at fair value (amortized cost: September 30, 2015 $68,166; December 31, 2014 $35,153)	$	68,258	$	35,159
Short-term investments, at fair value		38,252		72,259
Total Investments		106,510		107,418
Cash		403		309
Accrued investment income		64		43
Receivables, net		5,903		5,170
Reinsurance recoverable:
Paid losses and loss adjustment expenses		191		201
Unpaid losses and loss adjustment expenses		6,653		5,163
Deferred policy acquisition costs		4,334		3,883
Property and equipment, net		9,364		10,510
Deferred income taxes		1,362		1,519
Other assets		2,751		1,800
Total Assets	$	137,535	$	136,016
LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES
Unpaid losses and loss adjustment expenses	$	45,581	$	44,397
Unearned premiums		18,514		16,607
Advance premium and premium deposits		415		250
Accrued expenses and other liabilities		2,227		2,986
Total Liabilities	$	66,737	$	64,240
Commitments and contingencies
STOCKHOLDERS'  EQUITY
Common stock, no par – authorized 10,000,000 shares; issued and outstanding shares 5,329,313 at September 30, 2015, and 5,341,147 at  December 31, 2014	$	3,743	$	3,732
Accumulated other comprehensive income		61		4
Retained earnings		66,994		68,040
Total Stockholders’ Equity	$	70,798	$	71,776
Total Liabilities and Stockholders' Equity	$	137,535	$	136,016

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 UNICO AMERICAN CORPORATION

AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

($ in thousands, except per share)

	Three Months Ended					Nine Months Ended
	September 30					September 30
	2015			2014		2015			2014
REVENUES
Insurance company revenues
Net premium earned	$	7,564		$	6,687	$	21,857		$	19,560
Investment income		129			32		314			93
Other income		68			315		310			910
Total Insurance Company Revenues		7,761			7,034		22,481			20,563
Other revenues from insurance operations
Gross commissions and fees		673			713		2,066			2,197
Investment income		—			—		—			1
Finance charges and fees earned		17			17		48			50
Other income		—			1		2			16
Total Revenues		8,451			7,765		24,597			22,827
EXPENSES
Losses and loss adjustment expenses		4,347			4,156		13,874			10,697
Policy acquisition costs		1,659			1,512		4,752			4,459
Salaries and employee benefits		1,255			1,226		3,669			3,779
Commissions to agents/brokers		38			49		127			147
Other operating expenses		2,120			764		3,551			2,378
Total Expenses		9,419			7,707		25,973			21,460
Income (loss) before taxes		(968	)		58		(1,376	)		1,367
Income tax expense (benefit)		(318	)		25		(442	)		472
Net Income (Loss)	$	(650	)	$	33	$	(934	)	$	895
PER SHARE DATA:
Basic
Earnings (loss) per share	$	(0.12	)	$	0.01	$	(0.17	)	$	0.17
Weighted average shares		5,335,319			5,341,147		5,338,619			5,341,147
Diluted
Earnings (loss) per share	$	(0.12	)	$	0.01	$	(0.17	)	$	0.17
Weighted average shares		5,335,319			5,343,883		5,338,619			5,344,814

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UNICO AMERICAN CORPORATION

AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

($ in thousands)

	Nine Months Ended
	September 30
	2015			2014
Cash flows from operating activities:
Net income (loss)	$	(934	)	$	895
Adjustments to reconcile net income (loss) to net cash from operations:
Depreciation and amortization		349			422
Bond amortization, net		(14	)		(2	)
Non-cash stock based compensation		17			17
Loss on asset impairment		1,287			—
Changes in assets and liabilities:
Net receivables and accrued investment income		(754	)		(645	)
Reinsurance recoverable		(1,480	)		(342	)
Deferred policy acquisitions costs		(451	)		(220	)
Other assets		(371	)		450
Unpaid losses and loss adjustment expenses		1,184			301
Unearned premiums		1,907			1,208
Advance premium and premium deposits		165			(60	)
Accrued expenses and other liabilities		(759	)		147
Income taxes current/deferred		(453	)		(215	)
Net Cash Provided (Used) by Operating Activities		(307	)		1,956
Cash flows from investing activities:
Purchase of fixed maturity investments		(36,248	)		(18,074	)
Proceeds from maturity of fixed maturity investments		3,249			1,400
Net decrease in short-term investments		34,008			15,008
Additions to property and equipment		(490	)		(502	)
Net Cash Provided (Used) by Investing Activities		519			(2,168	)
Cash flows from financing activities:
Repurchase of common stock		(118	)		—
Net Cash Used by Financing Activities		(118	)		—
Net increase (decrease) in cash		94			(212	)
Cash at beginning of period		309			376
Cash at End of Period	$	403		$	164
Supplemental cash flow information
Cash paid during the period for:
Interest		—			—
Income taxes	$	9		$	684

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