Ullico
About Ullico
Ullico is a company founded in 1927 was acquired by PHLY in July 2011.. Ullico has completed 4 acquisitions, including CenTrio, Enwave Energy Corporation and Student Transportation of America. Ullico offers products and services including Fiduciary Liability Insurance, Cyber Liability Insurance, Ullico Infrastructure Fund, and Term Life Insurance. Ullico operates in a competitive market with competitors including HUB International, State Farm, Manulife, Assurant and Prudential, among others.
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Ullico Inc.
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Products & Services of Ullico
Ullico offers a comprehensive portfolio of products and services, including Fiduciary Liability Insurance, Cyber Liability Insurance, Ullico Infrastructure Fund, and Term Life Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Protects union leaders from dishonesty claims
Manages data breach risks for organizations
Focuses on real estate debt for job creation
Offers life coverage for individuals and groups
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Leadership Team
23 people
Board Team
15 people
Software Development Team
9 people
Legal and Compliance
7 people
Sales and Marketing
6 people
Finance and Accounting
4 people
Product Management Team
3 people
Operations Team
2 people
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Funding Insights of Ullico
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $30.0M
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First Round
First Round
(31 Dec 2008)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2008 | Amount | Debt – Conventional - Ullico | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Ullico
Ullico has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include PHLY and Patriot Roofing & Siding. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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A family-owned business in New Jersey providing roofing and siding services.
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Founded Year | Domain | Location | |
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Commercial property and casualty insurance is provided nationwide.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ullico
Ullico has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include CenTrio, Enwave Energy Corporation and Student Transportation of America. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
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Centralized cooling, heating, and power services are provided.
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2021 | ||||
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Sustainable district energy networks are designed and implemented for communities.
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1999 | ||||
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Student transportation services are provided via buses in North America.
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1997 |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Ullico
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ullico Comparisons
Competitors of Ullico
Ullico operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as HUB International, State Farm, Manulife, Assurant and Prudential, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Investment advisory, insurance distribution, and risk management services are provided.
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Insurance and financial services are provided to individuals and businesses.
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Life insurance and diversified asset management services are provided.
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Homeowner, rental, vehicle, flood, and travel insurance services are provided.
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Life, health, and financial insurance services are provided globally.
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Provider of pension fund for the employees based out of the US
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ullico
Frequently Asked Questions about Ullico
When was Ullico founded?
Ullico was founded in 1927 and raised its 1st funding round 81 years after it was founded.
Who is the current CEO of Ullico?
Edward Smith is the current CEO of Ullico.
What does Ullico do?
Founded in 1927, Ullico operates as a union-owned entity within the financial services sector. A range of insurance products is offered, including union liability, cyber liability, commercial lines, disability, and healthcare reform coverage. Debt financing and investment options are also made available to support union-related needs. Operations focus on specialized financial solutions for labor organizations across the United States.
Who are the top competitors of Ullico?
Ullico's top competitors include HUB International, Unum and Assurant.
What products or services does Ullico offer?
Ullico offers Fiduciary Liability Insurance, Cyber Liability Insurance, Ullico Infrastructure Fund, and Term Life Insurance.
How many acquisitions has Ullico made?
Ullico has made 4 acquisitions, including CenTrio, Enwave Energy Corporation, and Student Transportation of America.
Who are Ullico's investors?
Ullico has 2 investors. Key investors include PHLY, and Patriot Roofing & Siding.
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