Ullico

Ullico

Overview

About Ullico

Simplify's Rating
Why Ullico is rated
C
Rated B on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

Data & Analytics

Financial Services

Company Size

N/A

Company Stage

N/A

Total Funding

N/A

Headquarters

Chicago, Illinois

Founded

N/A

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Simplify's Take

What believers are saying

  • Ullico secured $20M in December 2025 for its ninth Value-Add Real Estate Fund I acquisition, reinforcing capital for tactical industrial investments.
  • Ullico and Lincoln acquired a 138,851 sq ft Class A industrial asset in Hamilton Township in January 2026 for East Coast logistics value-add opportunities.
  • The Empathy partnership enhances post-payout member value by offering tailored care plans and tools to navigate bereavement complexities for beneficiaries.

What critics are saying

  • Ullico faces high concentration risk in Tri-state industrial real estate; a 15–25% occupancy drop in 12–18 months could erase $20–40M on the Hamilton asset.
  • Operational liability looms if Empathy's care plans violate New Jersey's 2025 Insurance Consumer Protection Act, triggering up to $5M fines within 6–12 months.
  • 70% of life insurance revenue relies on union plans; a 2026 NLRB ruling enabling self-insured alternatives could cause existential revenue loss in 18–24 months.

What makes Ullico unique

  • Ullico is the sole labor-owned insurance and investment firm, earning exclusive trust from union members across NY, Chicago, SF, and Silver Spring.
  • Ullico acquired six companies total, including Vista Ridge on October 7, 2024, expanding its specialty insurance and investment portfolio.
  • Ullico partners with Empathy to deliver personalized bereavement care with care managers for life insurance beneficiaries tied to specific benefit amounts.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Health Savings Account/Flexible Spending Account

Life Insurance

Paid Time Off

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