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Private company

China United Insurance Service, Inc.

Insurance agents company1

In its 2023 annual report the company says: “Our Company is a Delaware corporation organized on June 4, 2010 and has been quoted on various tiers of the OTC Markets since August 2012. We provide our customers brokerage and related services with respect to life insurance and property and casualty insurance products. We operate our Taiwan business primarily through Law Insurance Broker Co., Ltd. and Uniwill Insurance Broker Co., Ltd. and our PRC business primarily through Law Anhou Insurance Agency Co., Ltd.”32

Last updated Oct 21, 2026.

Overview

  • IndustryInsurance Agents, Brokers & Service1
  • Business address7F, No. 311 Section 3,, Nan-King East Road, Taipei City, F5 000002
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

34.2%Gross margin3
13.7%Operating margin3
8.4%Net margin3
0.4%Revenue growth, 20223
25.6%Return on equity3
0.01×Debt to equity3
$12.9MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue66¢$86.8M
  • Other costs22¢$29.6M
  • Interest0¢$382.7K
  • Income tax3¢$4.0M
  • Profit8¢$11.1M

Out of $131.9M in revenue.3

Where each dollar of operating cash went, fiscal 2022

  • Capital spending6¢$772.2K
  • Kept or used elsewhere94¢$12.9M

Out of $13.6M of cash from operations.3

Financial statements

Revenue456783$131.9M in 2022+89% since 2016
0$50.0M$100.0M$150.0M2016: $69.9M$69.9M20162017: $72.8M$72.8M2017+4%2018: $78.7M$78.7M2018+8%2019: $95.9M$95.9M2019+22%2020: $124.3M$124.3M2020+30%2021: $131.4M$131.4M2021+6%2022: $131.9M$131.9M2022+0%
Gross profit456783$45.1M in 2022+93% since 2016
0$20.0M$40.0M$60.0M2016: $23.4M$23.4M20162017: $30.0M$30.0M2017+29%2018: $29.4M$29.4M2018−2%2019: $30.6M$30.6M2019+4%2020: $36.6M$36.6M2020+20%2021: $46.4M$46.4M2021+27%2022: $45.1M$45.1M2022−3%
Operating income456783$18.1M in 2022+171% since 2016
0$5.0M$10.0M$15.0M$20.0M2016: $6.7M$6.7M20162017: $12.7M$12.7M2017+91%2018: $7.9M$7.9M2018−38%2019: $7.7M$7.7M2019−4%2020: $6.4M$6.4M2020−17%2021: $16.7M$16.7M2021+162%2022: $18.1M$18.1M2022+8%
Net income456783$11.1M in 2022+284% since 2016
0$5.0M$10.0M$15.0M2016: $2.9M$2.9M20162017: $7.2M$7.2M2017+147%2018: $2.4M$2.4M2018−67%2019: $3.1M$3.1M2019+29%2020: $930.1K$930.1K2020−70%2021: $6.2M$6.2M2021+570%2022: $11.1M$11.1M2022+78%
Fiscal year2016201720182019202020212022
Revenue$69.9M4$72.8M5$78.7M6$95.9M7$124.3M8$131.4M3$131.9M3
Cost of revenue$46.6M4$42.8M5$49.3M5$65.3M7$87.7M8$84.9M3$86.8M3
Gross profit$23.4M4$30.0M5$29.4M6$30.6M7$36.6M8$46.4M3$45.1M3
Operating expenses$29.7M3$26.9M3
Operating income$6.7M4$12.7M5$7.9M6$7.7M7$6.4M8$16.7M3$18.1M3
Interest$19.7K4$35.4K5$130.5K6$208.0K7$202.2K8$183.9K3$382.7K3
Income before tax$16.6M3$21.0M3
Income tax$2.1M4$3.5M5$3.6M6$2.7M7$3.4M8$5.0M3$4.0M3
Net income$2.9M4$7.2M5$2.4M6$3.1M7$930.1K8$6.2M3$11.1M3
Earnings per share$0.104$0.245$0.086$0.107$0.038$0.203$0.353
Earnings per share (diluted)$0.104$0.235$0.086$0.107$0.038$0.203$0.353
Shares (weighted, basic)29.6M shares330.3M shares3
Shares (weighted, diluted)29.6M shares330.3M shares3

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Corporate structure

China United Insurance Service, Inc. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of China United Insurance Service, Inc.

  • China United Insurance Service, Inc.

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What China United Insurance Service, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Computer equipment and software$2.3M3 Dec 31, 2022$2.4M3 Dec 31, 2021−2.7%
Property and equipment, before depreciation$5.7M3 Dec 31, 2022$6.0M3 Dec 31, 2021−3.9%
Accumulated depreciation$4.1M3 Dec 31, 2022$3.9M3 Dec 31, 2021+5.1%
Property and equipment, net$1.6M3 Dec 31, 2022$2.1M3 Dec 31, 2021−20.7%
Operating-lease assets (leased space)$7.2M3 Dec 31, 2022$6.4M3 Dec 31, 2021+11.1%

Real estate and locations

ItemLatestA year beforeChange
Real estate investments, net$1.0M3 Dec 31, 2022$1.3M3 Dec 31, 2021−17.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$25.6M3 Dec 31, 2022$18.2M3 Dec 31, 2021+40.2%
Marketable securities, current$816.7K3 Dec 31, 2022$08 Dec 31, 2021
Marketable securities, non-current$08 Dec 31, 2021$107.1K8 Dec 31, 2020−100.0%
Long-term investments$2.3M3 Dec 31, 2022$2.7M3 Dec 31, 2021−13.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Accumulated amortization$2.0M3 Dec 31, 2022$2.1M3 Dec 31, 2021−3.2%
Finite-lived intangibles, net$334.0K3 Dec 31, 2022$333.1K3 Dec 31, 2021+0.3%

Leadership

Who has led China United Insurance Service, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Lo Chung Mei2015
  2. Mao Yi Hsiao2015

Chief financial officer

  1. Chuang Yung Chi2015–2020
  2. Mei-Kuan Yeh2020

Chief operating officer

  1. Hsieh Tung Chi2015
20202025
Board members and other officers (7)

Timeline

  1. Jun 7, 20238-K Other events23
  2. Dec 30, 20228-K Shareholder vote24
  3. Mar 18, 20228-K Entered a material agreement25
  4. Mar 3, 20228-K Entered a material agreement26
  5. Jan 12, 20228-K Shareholder vote27
  6. Dec 3, 20218-K Other events28
  7. Nov 24, 20218-K Change of auditor29
  8. Nov 17, 20218-K Bylaws or fiscal year changed30
  9. Mar 16, 2015New chief executive Mao Yi Hsiao becomes CEO14
  10. Mar 16, 2015New chief executive Lo Chung Mei becomes CEO13

Filings

22 filings to the SEC since October 2021: 2 annual reports, 5 quarterly reports, 8 major events, 1 insider forms, 1 large holders, 5 other. The latest 20:

  1. Jun 21, 202315-12G EDGAR
  2. Jun 21, 2023S-8 POS EDGAR
  3. Jun 7, 20238-K EDGAR
  4. May 15, 202310-Q EDGAR
  5. Apr 13, 2023SC 13G EDGAR
  6. Mar 30, 202310-K EDGAR
  7. Dec 30, 20228-K EDGAR
  8. Nov 23, 2022DEF 14A EDGAR
  9. Nov 14, 202210-Q EDGAR
  10. Aug 15, 202210-Q EDGAR
  11. May 16, 202210-Q EDGAR
  12. Apr 8, 202210-K EDGAR
  13. Mar 31, 2022NT 10-K EDGAR
  14. Mar 18, 20228-K EDGAR
  15. Mar 3, 20228-K EDGAR
  16. Jan 12, 20228-K EDGAR
  17. Dec 3, 20218-K EDGAR
  18. Nov 24, 20218-K EDGAR
  19. Nov 22, 2021DEF 14A EDGAR
  20. Nov 17, 20218-K EDGAR

The 22 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How China United Insurance Service, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARChina United Insurance Service, Inc.1
  • CIK0001512927
  • Employer ID (EIN)30-08264001
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Fiscal year endsDecember 311
  • Industry code (SIC)6411 Insurance Agents, Brokers & Service1
  • Business address7F, No. 311 Section 3,, Nan-King East Road, Taipei City, F5 000001
  • Phone415-955-89001
  • Shares outstanding30,286,199 as of May 15, 20239
  • Public float$63.3M as of Jun 30, 20223
  • On EDGAR sinceMay 13, 20111
  • Filings167 in all: 8-K (42), 10-Q (34), UPLOAD (13), CORRESP (12), 10-K (11), 3 (10), NT 10-K (6), DEF 14A (5)1
    All 24 form types

    NT 10-Q (5), S-1/A (5), 10-K/A (4), 4 (4), 8-K/A (3), 10-Q/A (2), SC 13G (2), 10-KT (1), 15-12G (1), 8-A12G (1), DEFA14A (1), EFFECT (1), NTN 10K (1), S-1 (1), S-8 (1), S-8 POS (1)

  • Latest filingsAnnual report (10-K) Mar 30, 2023
    Quarterly report (10-Q) May 15, 2023
    Proxy statement (DEF 14A) Nov 23, 2022
    Latest 8-K (8-K) Jun 7, 2023

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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  28. 28
    SEC EDGAROther events
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  32. 32