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UNIFI Companies Announces 2009 Financial Results

March 16, 2010//Lincoln, Neb.//JoAnn M. Martin, president and chief executive officer – UNIFI Mutual Holding Company (UNIFI Companies), announces 2009 financial results.

In 2009, UNIFI Companies’ financial results were highlighted by total assets under management increasing to $31.9 billion, up $2.4 billion, or 8 percent compared to 2008. The year ended with total equity at $2 billion, an increase of $400 million, or 25 percent compared to prior year.
Pretax operating income for 2009 was $115.3 million, excluding realized gains and nonrecurring expenses, up $13.8 million, or 14 percent. Total revenues increased to $1.7 billion, up $406 million, or 31 percent compared to prior year.

Pretax net income for our diversified insurance and financial businesses was $32.8 million, a significant increase from the prior year. Total revenues were $1.7 billion, up $406 million, or 30.7 percent, compared to the same period in 2008.

Realized equity, as a percent of total assets, remained strong at 12 percent. This strong equity position represents the company’s commitment and ability to fulfill future obligations and promises. Total equity was $2.0 billion, up nearly 25 percent compared to December 31, 2008.

Total combined assets were $16.9 billion, an increase of $1.4 billion, or 9.2 percent, compared to December 31, 2008. As the major balance sheet asset of UNIFI Companies, the investment portfolios are well diversified with the largest component—the consolidated bond portfolio—having a solid weighted average quality of ‘A.’

Claims payments to policyholders totaled $1.9 billion. These payments consisted of death, disability, dental and eye care payments, as well as annuity and other contractual obligations.

About UNIFI Companies
UNIFI Companies—Ameritas Life, Acacia Life, Union Central Life and affiliated companies—offers a wide range of insurance and financial products and services to individuals, families and businesses. These products and services include life insurance; annuities; individual disability insurance; group dental, eye care and hearing insurance; retirement plans; investments; banking and public finance. To learn more, visit UNIFI Companies at www.UNIFIcompanies.com.

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