ULLICO
September 11, 2009
Pittsburgh, Pa.
AFL-CIO Executive Council statement
The Union Labor Life Insurance Company (Union Labor Life) was founded in 1927 by the American Federation of Labor, and its parent holding company, ULLICO Inc. was founded in 1987.
Union Labor Life began with a $400,000 initial investment by the American Federation of Labor, as organized workers were unable to obtain life insurance due to the risks associated with their jobs and were discriminated against because of their union membership.
The first policy was issued on June 15, 1927 to Matthew Woll, President of the Photo Engravers Union. Currently ULLICO has grown from a one-product insurance company to a multi-line insurance and financial services holding company, offering protection and investment opportunity for unions, union leaders, union members, union trust funds and union employers through its insurance and investment products and services.
ULLICO exists today as it did at its founding for the sole and exclusive purpose of providing solutions for organized labor. ULLICO is owned by shareholders who are international unions, district councils, local unions and Taft-Hartley pension funds.
Among the current members of ULLICO's Board of Directors, are the following Presidents, Secretary-Treasurers and President Emeriti of International Unions and Trade and Industrial Departments affiliated with the AFL-CIO:
Joseph J. Hunt, General President, International Association of Bridge, Structural Ornamental and Reinforcing Iron Workers (ULLICO's Chairman of the Board of Directors)
Edward J. McElroy, President Emeritus, American Federation of Teachers (ULLICO's Chief Executive Officer)
Mark H. Ayers, President, Building and Construction Trades Department, AFL-CIO (ULLICO 's Secretary-Treasurer)
John J. Flynn, President, International Union of Bricklayers and Allied Craftworkers
James A. Grogan, General President, International Association of Heat and Frost Insulators and Allied Workers
Patrick R. Perno, General Secretary-Treasurer, United Association
Lindell K. Lee, International Secretary-Treasurer, International Brotherhood of Electrical Workers
Kinsey M. Robinson, International President, United Union of Roofers, Waterproofers and Allied Workers
Vincent R. Sombrotto, President Emeritus, National Association of Letter Carriers
Edward C. Sullivan, President Emeritus, Building and Construction Trades Department, AFL-CIO
Michael J. Sullivan, General President, Sheet Metal Workers' International Association
Richard L. Trumka, Secretary-Treasurer, AFL-CIO
James A. Williams, President, International Union of Painters and Allied Trades
The AFL-CIO wishes to recognize and commend ULLICO and its subsidiaries for their 82 years of service to working people, their unions, and the entire labor movement.