Unico American Corp. Notes Q4 Results

March 26, 2004

California-based Unico American Corporation announced that for its quarter ended Dec. 31, 2003, revenues were $14,193,026 and the net income was $1,007,853 ($0.18 diluted income per share) compared with revenues of $11,967,880 and net income of $185,786 ($0.03 diluted income per share) for the quarter ended Dec. 31, 2002.

Revenues for the 12 months ended Dec. 31, 2003, were $51,130,439 and the net income was $1,068,650 ($0.19 diluted income per share) compared with revenues of $46,028,642 and a net loss of $3,224,689 ($0.59 diluted loss per share) for the 12 months ended Dec. 31, 2002.

Unico American Corporation is an insurance holding company that provides property, casualty, health and life insurance, and related premium financing through its wholly owned subsidiaries.

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