ULLICO Posts A Third Quarter Profit

The labor owned multi-line holding company had reported non-recurring losses of $22.3 million in the third quarter of 2007. It said this year's pre-tax operating income was $4.6 million compared to $1

By Staff Writer | Updated on November 17, 2008

Washington, D.C.-based ULLICO Inc. said a focus on growing diversified products allowed it to post third quarter net income of $2.1 million reversing a $19.4 million loss for the period last year.

The labor owned multi-line holding company had reported non-recurring losses of $22.3 million in the third quarter of 2007. It said this year’s pre-tax operating income was $4.6 million compared to $1.9 million in the prior year’s quarter.

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