New Leaders Stabilize ULLICO And Try to Put Scandal in Past.

Only a year ago, Ullico Inc. was mired in scandal and losses. But the union-owned insurance and investment company has managed to turn things around under the leadership of Chairman Terence M. O'Sullivan and has reported its first quarterly profit in three years. The company provides competitively priced insurance and financial services for multi-employer trust funds, labor unions and the rank-and-file. But Ullico's litany of troubles included a controversial corporate stock program for insiders that landed Ullico under a congressional and legal microscope.