August 20, 2009 (FinancialWire) — Insurance holding company Unico American Corp. (NASDAQ: UNAM) (Current Market Cap: $51.72 Mil.) said it has acquired 130,270 shares of its common stock in a single private transaction with an unrelated party at a cost of around $1,182,851.

The company’s board has authorized it, under several programs beginning in the year 2000, to repurchase up to 1.445 million shares of common stock. There are 374,903 common shares remaining authorized under these programs.

Woodland Hills, California-based Unico American underwrites property and casualty insurance through its insurance company subsidiary. It also provides property, casualty, and health insurance through its agency subsidiaries, and through its other subsidiaries provides insurance premium financing and membership association services.

Unico has conducted the majority of its operations through Crusader Insurance since 1985.

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