United Automobile Insurance Company

The Parrillo family controls investment direction. Richard Parrillo Sr. remains Chairman and founder; Richard Parrillo Jr. serves as President and CEO. The family's investment activities span buyouts, early-stage venture, and real estate, operating adjacent to the core insurance business. Richard Levy, CEO of Victory Park Capital, sits on UAIC's board, providing a direct link to private credit and specialty-finance deal flow.

Deal flow appears to combine direct sourcing through insurance-industry networks and the family's Chicago and Miami business relationships. The board seat held by Victory Park Capital's CEO suggests a co-investment or referral relationship with that firm, which specializes in asset-backed lending and specialty finance. The family's Lincoln Park and Golden Beach residential holdings indicate access to Chicago and South Florida wealth networks.

It operates as both. UAIC is a regulated property and casualty insurer writing non-standard auto policies. The Parrillo family funnels underwriting profits and investment float into a parallel private investment operation that makes buyout and early-stage commitments, alongside direct real estate acquisitions. This dual structure mirrors other insurance-anchored family fortunes.

The Parrillo Family Foundation is the family's philanthropic vehicle, legally distinct from United Automobile Insurance Company. It represents the family's structured charitable giving. The foundation's specific grant-making focus areas are not widely publicized, but its existence signals formalized wealth-transfer and legacy planning beyond the insurance enterprise.

UAIC's disclosed investment posture emphasizes direct buyouts and early-stage deals rather than fund-of-funds allocations. The board relationship with Victory Park Capital indicates comfort with co-investment structures alongside specialized external managers, particularly in credit-adjacent strategies. The family has not publicly disclosed a formal fund-commitment program.