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Ullico Reports $1.4 Million Income for 2nd Quarter

Monday, August 16, 2010 | 0

Ullico, Inc., a multi-line holding company offering insurance and financial products and services, has reported pre-tax operating income of $1.4 million for the quarter ended June 30, 2010.Expansion of workers' compensation, commercial and surety lines helped drive the results, Ullico said.The second-quarter results compare to a pre-tax operating loss of $3.5 million in the prior year's second quarter.Net income for the current quarter was $0.2 million, compared to a net loss of $4.1 million in the prior year's quarter.The property and casualty business unit contributed pre-tax ear...

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