Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $3,500

• 2a · Program service revenue: STANDARDS FEE

  total $26,720,319 · related or exempt $26,720,319

• 2b · Program service revenue: IP CRIME COLLEGE COURSE REVENUE

  total $4,661 · related or exempt $4,661

• 3 · Investment income

  total $682,610,377 · unrelated business -$837,757 · excluded $683,448,134

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $0

• 6c · Rental income or loss

  real property $0 · personal property $0

• 6d · Net rental income or loss

  total $0

• 7a · Gross sales of assets other than inventory

  securities $206,002,510 · other assets -$32,705

• 7b · Less cost or other basis and sales expenses

  securities $205,904,634

• 7c · Gain or loss

  securities $97,876 · other assets -$32,705

• 7d · Net gain or loss

  total $65,171 · excluded $65,171

• 8a · Fundraising events: gross income

  $0

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $0

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $569,199 · program services $569,199

• 2 · Grants to domestic individuals

  total $0

• 3 · Grants to foreign organizations and individuals

  total $1,344,861 · program services $1,344,861

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $7,616,647 · program services $7,616,647

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $14,662,735 · program services $9,686,522 · management and general $4,976,213

• 8 · Pension plan contributions

  total $69,034 · program services $69,034

• 9 · Other employee benefits

  total $3,367,692 · program services $3,179,840 · management and general $187,852

• 10 · Payroll taxes

  total $1,915,315 · management and general $1,915,315

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $1,134,057 · program services $8,188 · management and general $1,125,869

• 11c · Fees: accounting

  total $89,850 · management and general $89,850

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $1,377,924 · management and general $1,377,924

• 11g · Fees: other

  total $15,554,123 · program services $5,615,711 · management and general $9,938,412

• 12 · Advertising and promotion

  total $887,769 · program services $708,551 · management and general $179,218

• 13 · Office expenses

  total $6,067,068 · program services $1,061,930 · management and general $5,005,138

• 14 · Information technology

  total -$3,368,852 · program services $34,364 · management and general -$3,403,216

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $0

• 17 · Travel

  total $1,145,986 · program services $871,823 · management and general $274,163

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $1,132,144 · program services $613,470 · management and general $518,674

• 20 · Interest

  total $0

• 21 · Payments to affiliates

  total $5,310,077 · program services $5,310,077

• 22 · Depreciation, depletion and amortization

  total $1,179,075 · program services $812,419 · management and general $366,656

• 23 · Insurance

  total $111,423 · management and general $111,423

• 24a · Other expenses: ACCREDITATION/MEMBERSHIP

  total $250,185 · program services $100,103 · management and general $150,082

• 24b · Other expenses: TRAINING/RECRUITING

  total $1,364,665 · program services $128,050 · management and general $1,236,615

• 24c · Other expenses: OTHER TAX

  total $172,315 · program services $48,157 · management and general $124,158

• 24d · Other expenses: FOREIGN EXCHANGE

  total $8,874 · program services $6,711 · management and general $2,163

• 24e · All other expenses

  total $482,505 · program services $40,955 · management and general $441,550

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $18,072,948 · end of year $645,992,913

• 2 · Savings and temporary cash investments

  beginning of year $0 · end of year $0

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $2,600,574 · end of year $432,841

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,134,828 · end of year $1,744,135

• 10a · Land, buildings and equipment: cost or other basis

  $20,370,269

• 10b · Land, buildings and equipment: accumulated depreciation

  $496,830

• 10c · Land, buildings and equipment, net

  end of year $19,873,439

• 11 · Investments: publicly traded securities

  beginning of year $91,231,976 · end of year $4,336,304

• 12 · Investments: other securities

  beginning of year $1,223,403,366 · end of year $1,405,832,806

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 14 · Intangible assets

  beginning of year $3,705,037 · end of year $5,289,011

• 15 · Other assets

  beginning of year $0 · end of year $9,120,337

• 17 · Accounts payable and accrued expenses

  beginning of year $8,133,135 · end of year $17,711,632

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $898,467 · end of year $1,412,264

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $65,335 · end of year $12,676,218

• 27 · Net assets without donor restrictions

  beginning of year $1,331,051,792 · end of year $2,060,821,672

• 28 · Net assets with donor restrictions

  beginning of year $0 · end of year $0

The filer's explanations (Part III)

PART I, LINE 1A - FIRST CLASS TRAVEL

ONE OFFICER AND TWO DIRECTORS LISTED IN PART VII, SECTION A RECEIVED FIRST CLASS TRAVEL IN 2023. THESE BENEFITS WERE NOT CONSIDERED TAXABLE COMPENSATION. ONE DIRECTOR LISTED IN PART VII, SECTION A RECEIVED TRAVEL FOR A COMPANION IN 2023. THESE BENEFITS WERE CONSIDERED TAXABLE TO THE INDIVIDUAL.

PART I, LINE 3 - COMPENSATION OF ORGANIZATION'S CEO/EXECUTIVE DIRECTOR

THE PROCESS OF DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR, ALL OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION IS PERFORMED ANNUALLY. AN INDEPENDENT COMPENSATION CONSULTANT COMPLETES AN ANALYSIS OF COMPARABLE AND COMPETITIVE MARKET DATA WITH DATA ASSISTANCE FROM ULSE INC.'S HR/COMPENSATION GROUP. IT COVERS TOP MANAGEMENT OFFICIALS OF THE ORGANIZATION, INCLUDING ELECTED OFFICERS THROUGH VICE PRESIDENTS. THE ANALYSIS IS REVIEWED BY THE BOARD OF DIRECTORS, WHO PROVIDES FINAL APPROVAL OF ALL COMPENSATION ARRANGEMENTS. THE EXECUTIVE DIRECTOR AND VP OF HR ARE PRESENT IN ALL BOARD MEETINGS BUT RECUSE THEMSELVES FOR DISCUSSION OF THEIR COMPENSATION. IN ADDITION, THE ORGANIZATION FOLLOWS THE PROCEDURES UNDER TREASURY REGULATION SECTION 53.4958-6 TO MEET THE REBUTTABLE PRESUMPTION OF REASONABLENESS FOR ALL TRANSACTIONS WITH DISQUALIFIED PERSONS.

PART I, LINE 4 - SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS

SEVERANCE NONQUALIFIED EQUITY-BASED COMP BRADY NONE 17,213 2,024,134 ROBINSON NONE 13,950 446,226 RIVELLI NONE NONE 23,506 SZCZECH NONE NONE 404,181

PART I, LINE 7 - NON-FIXED PAYMENTS

THE COMPANY HAS AN ALL EMPLOYEE INCENTIVE PLAN. THE PLAN IS BASED ON A COMBINATION OF THE COMPANY'S FINANCIAL PERFORMANCE MEASURES, AND DISCRETIONARY INDIVIDUAL ASSESSMENT, AS APPROVED BY THE BOARD.

PART III - OTHER ADDITIONAL INFORMATION

THE FOLLOWING OFFICERS AND FORMER OFFICERS WERE COMPENSATED BY UL LLC AND/OR UNDERWRITERS LABORATORIES INC. (ULRI), BOTH OF WHICH ARE ORGANIZATIONS RELATED TO ULSE INC. : SHANNON, BRADY, RIVELLI, WEST, SZCZECH, KHOURY AND ROBINSON. THE RELATED ORGANIZATIONS ALSO PROVIDED SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS TO BRADY (AS AN OFFICER OF THE RELATED ORG) AND ROBINSON. IN 2023 ULRI CONTRIBUTED $17,213 TO BRADY'S PLAN AND UL LLC CONTRIBUTED $13,950 TO ROBINSON'S PLAN. THE REPORTED EQUITY BASED COMPENSATION PAYMENTS WERE PAID TO UL LLC EMPLOYEES BY UL LLC IN RELATION TO THEIR EMPLOYMENT. ULSE INC. DOES NOT OFFER EQUITY BASED COMPENSATION TO ITS EMPLOYEES.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• UL LLC

  C · PBLC SFTY · DE · 100% owned · share of income $964,781,357 · share of assets $2,146,519,547 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• UL VERIFICATION SERVICES INC

  C · PBLC SFTY · DE · 100% owned · share of income $428,691,938 · share of assets $567,333,878 · controlled entity

  Directly controlled by UL LLC

• UL CCIC CO LTD

  C · PBLC SFTY · CH · 70% owned · share of income -$216,378,731 · share of assets $182,072,475 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• UL DE ARGENTINA SRL

  C · PBLC SFTY · AR · 100% owned · share of income -$1,893,647 · share of assets $0 · controlled entity

  Directly controlled by UL SA RL

• UL DE MEXICO SA DE CV

  C · PBLC SFTY · MX · 100% owned · share of income -$18,812,190 · share of assets $26,845,674 · controlled entity

  Directly controlled by UL SA RL

• UL DO BRASIL LTDA

  C · PBLC SFTY · BR · 100% owned · share of income -$9,298,004 · share of assets $20,557,041 · controlled entity

  Directly controlled by UL SA RL

• UL (CHINA) HOLDINGS COMPANY LTD

  C · PBLC SFTY · CH · 100% owned · share of income -$22,288,731 · share of assets $32,269,845 · controlled entity

  Directly controlled by UL SINGAPORE

• UL INDIA PRIVATE LTD

  C · PBLC SFTY · IN · 100% owned · share of income -$31,728,995 · share of assets $36,534,037 · controlled entity

  Directly controlled by UL SINGAPORE

• UL INTERNATIONAL (FRANCE) SA

  C · PBLC SFTY · FR · 100% owned · share of income -$11,545,519 · share of assets $7,065,450 · controlled entity

  Directly controlled by UL SA RL

• UL INTERNATIONAL (GERMANY) GMBH

  C · PBLC SFTY · GM · 100% owned · share of income -$61,383,466 · share of assets $139,912,894 · controlled entity

  Directly controlled by UL SA RL

• UL INTERNATIONAL (ITALIA) SRL

  C · PBLC SFTY · IT · 100% owned · share of income -$41,836,231 · share of assets $93,838,037 · controlled entity

  Directly controlled by UL SA RL

• UL INTERNATIONAL (NETHERLANDS) BV

  C · PBLC SFTY · NL · 100% owned · share of income -$10,464,873 · share of assets $7,863,553 · controlled entity

  Directly controlled by UL GMBH

• UL INTERNATIONAL (SWEDEN) AB

  C · PBLC SFTY · SW · 100% owned · share of income -$826,475 · share of assets $511,659 · controlled entity

  Directly controlled by UL SA RL

• UL INTERNATIONAL (UK) LTD

  C · PBLC SFTY · UK · 100% owned · share of income -$15,876,178 · share of assets $174,291,998 · controlled entity

  Directly controlled by UL SA RL

• UL INTERNATIONAL AUSTRALIA PTY LTD

  C · PBLC SFTY · AS · 100% owned · share of income -$1,670,261 · share of assets $2,592,446 · controlled entity

  Directly controlled by UL GMBH

• UL INTERNATIONAL DEMKO AS

  C · PBLC SFTY · DA · 100% owned · share of income -$16,209,541 · share of assets $16,778,011 · controlled entity

  Directly controlled by UL SA RL

• UL INTERNATIONAL LTD

  C · PBLC SFTY · HK · 100% owned · share of income -$23,587,264 · share of assets $19,932,183 · controlled entity

  Directly controlled by UL SA RL

• UL INTERNATIONAL NEW ZEALAND LTD

  C · PBLC SFTY · NZ · 100% owned · share of income -$2,267,750 · share of assets $4,103,113 · controlled entity

  Directly controlled by UL SA RL

• UL INTERNATIONAL POLSKA SP ZOO

  C · PBLC SFTY · PL · 100% owned · share of income -$10,649,959 · share of assets $10,776,459 · controlled entity

  Directly controlled by UL SA RL

• UL JAPAN INC

  C · PBLC SFTY · JA · 100% owned · share of income -$97,308,178 · share of assets $121,149,456 · controlled entity

  Directly controlled by UL SA RL

• UL KOREA LTD

  C · PBLC SFTY · KN · 100% owned · share of income -$27,939,081 · share of assets $59,156,206 · controlled entity

  Directly controlled by UL SA RL

• UL SERVICES (MALAYSIA) SDN BHD

  C · PBLC SFTY · MY · 100% owned · share of income -$1,150,984 · share of assets $516,705 · controlled entity

  Directly controlled by UL SA RL

• UL VERIFICATION SERVICES (GUANGZHOU)

  C · PBLC SFTY · CH · 100% owned · share of income -$12,765,576 · share of assets $12,310,021 · controlled entity

  Directly controlled by UL VS PTY LTD

• UL VERIFICATION SERVICES PVT LTD

  C · PBLC SFTY · SN · 100% owned · share of income -$10,694,218 · share of assets $16,113,451 · controlled entity

  Directly controlled by UL SA RL

• UNDERWRITERS LABORATORIES IBERICA SL

  C · PBLC SFTY · SP · 100% owned · share of income -$4,673,215 · share of assets $18,707,825 · controlled entity

  Directly controlled by UL SA RL

• UNDERWRITERS LABORATORIES TAIWAN CO LTD

  C · PBLC SFTY · TW · 100% owned · share of income -$56,885,769 · share of assets $55,302,437 · controlled entity

  Directly controlled by UL GMBH

• UNDERWRITERS LABORATORIES THAILAND LTD

  C · PBLC SFTY · TH · 100% owned · share of income -$2,883,741 · share of assets $2,817,386 · controlled entity

  Directly controlled by UL LLC

• UNDERWRITERS LABORATORIES OF CANADA

  C · PBLC SFTY · CA · 100% owned · share of income -$42,716,976 · share of assets $34,424,563 · controlled entity

  Directly controlled by UL SA RL

• UNDERWRITERS LABORATORIES ME FZCO

  C · PBLC SFTY · AE · 100% owned · share of income -$8,496,906 · share of assets $7,033,552 · controlled entity

  Directly controlled by UL SA RL

• RFI CHINA HOLDINGS LIMITED

  C · PBLC SFTY · HK · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by UL SA RL

• UL SOLUTIONS INC

  C · PBLC SFTY · DE · 100% owned · share of income $395,798,284 · share of assets $2,842,407,131 · controlled entity

  Directly controlled by ULSE INC

• UL TRANSACTION SECURITY PTY LTD

  C · PBLC SAFETY · AS · 100% owned · share of income -$2,428,498 · share of assets $2,732,530 · controlled entity

  Directly controlled by UL GMBH

• STR BANGLADESH PRIVATE LTD

  C · PBLC SFTY · BG · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by UL VS HK

• UL VS BANGLADESH LTD

  C · PBLC SFTY · BG · 100% owned · share of income -$5,114,955 · share of assets $9,038,359 · controlled entity

  Directly controlled by UL SA RL

• DEWI DO BRASIL EDEE LTDA

  C · PBLC SFTY · BR · 100% owned · share of income -$472,870 · share of assets $1,157,812 · controlled entity

  Directly controlled by DEWI GMBH

• UL VS SHANGHAI LIMITED

  C · PBLC SFTY · CH · 100% owned · share of income -$55,989,256 · share of assets $56,672,677 · controlled entity

  Directly controlled by UL VS HK

• DEWI OFFSHORE & CERTIFICATION CNTR GMBH

  C · PBLC SFTY · GM · 100% owned · share of income -$6,141,286 · share of assets $10,641,617 · controlled entity

  Directly controlled by DEWI GMBH

• UL VS HONG KONG LIMITED

  C · PBLC SFTY · HK · 100% owned · share of income -$25,406,408 · share of assets $132,302,855 · controlled entity

  Directly controlled by UL SA RL

• INSTITUTO CERTIFICAZIONE QUALITA SRL

  C · PBLC SFTY · IT · 100% owned · share of income -$918,239 · share of assets $39,984,572 · controlled entity

  Directly controlled by ICQ H SRL

• NUOVO ISTITUTO ITALIANO SICUREZZE DEI

  C · PBLC SFTY · IT · 100% owned · share of income -$19,829,637 · share of assets $35,582,122 · controlled entity

  Directly controlled by ICQ H SRL

• UNDERWRITERS LABORATORIES HOLDING BV

  C · HOLDING CO · NL · 100% owned · share of income -$838,073,444 · share of assets $312,933,473 · controlled entity

  Directly controlled by UL SARL

• UL RESPONSIBLE SOURCING MEXICO SA DE CV

  C · PBLC SFTY · MX · 100% owned · share of income -$571,241 · share of assets $565,132 · controlled entity

  Directly controlled by UL RS

• UL TS BV

  C · PBLC SFTY · NL · 100% owned · share of income -$16,783,294 · share of assets $16,578,988 · controlled entity

  Directly controlled by COLLIS H BV

• COLLIS HOLDING BV

  C · PBLC SFTY · NL · 100% owned · share of income $0 · share of assets $35,823,290 · controlled entity

  Directly controlled by UL SA RL

• UL VS SOUTH AFRICA PROPRIETARY LTD

  C · PBLC SFTY · SF · 100% owned · share of income -$683,089 · share of assets $452,172 · controlled entity

  Directly controlled by UL SA RL

• UL VS TAIWAN LTD

  C · PBLC SFTY · TW · 100% owned · share of income -$1,452,381 · share of assets $4,238,630 · controlled entity

  Directly controlled by UL SA RL

• ICQ (MED) SARL

  C · PBLC SFTY · TS · 100% owned · share of income -$1,237,606 · share of assets $1,908,937 · controlled entity

  Directly controlled by ICQ SRL

• UL VS LHAS

  C · PBLC SFTY · TU · 100% owned · share of income -$4,104,334 · share of assets $2,708,826 · controlled entity

  Directly controlled by STR TURKEY

• UL TS FZE

  C · PBLC SFTY · AE · 100% owned · share of income -$766,158 · share of assets $3,042,178 · controlled entity

  Directly controlled by COLLIS H BV

• UL VERIFICATION SERVICES LTD

  C · PBLC SFTY · UK · 100% owned · share of income -$42,670,317 · share of assets $114,525,557 · controlled entity

  Directly controlled by UL UK

• UL VS VIETNAM CO LTD

  C · PBLC SFTY · VM · 100% owned · share of income -$5,627,613 · share of assets $7,867,887 · controlled entity

  Directly controlled by UL SA RL

• TESTTECH LABORATORIOS DE AVALIACAO DA CO

  C · PBLC SFTY · BR · 100% owned · share of income -$1,073,943 · share of assets $6,673,705 · controlled entity

  Directly controlled by UL DO BRASIL LT

• UL STS CO LTD

  C · PBLC SFTY · CH · 100% owned · share of income -$6,317,138 · share of assets $4,855,037 · controlled entity

  Directly controlled by EMT

• FUTUREMARK OY

  C · PBLC SFTY · FI · 100% owned · share of income -$11,677,664 · share of assets $14,961,889 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• UL SHIMADZU LABORATORY CO

  C · PBLC SFTY · JA · 100% owned · share of income -$887,843 · share of assets $1,116,700 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• UL INTERNATIONAL GMBH

  C · PBLC SFTY · JA · 100% owned · share of income -$15,977,945 · share of assets $54,938,335 · controlled entity

  Directly controlled by DEWI GMBH

• GREEN SAFETY (SHANGHAI)

  C · PBLC SFTY · CH · 100% owned · share of income -$4,333 · share of assets $35,937,751 · controlled entity

  Directly controlled by UL SARL

• UL INTERNATIONAL INDONESIA

  C · PBLC SFTY · ID · 100% owned · share of income -$1,401,629 · share of assets $1,436,000 · controlled entity

  Directly controlled by UL SARL

• UL SERVICES GROUP LLC

  C · PBLC SFTY · NY · 100% owned · share of income $49,110,554 · share of assets $73,322,449 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• CONSUMER TESTING LABORATORIES (FAR EAST)

  C · PBLC SFTY · HK · 100% owned · share of income -$8,657,679 · share of assets $7,623,132 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• CONSUMER TESTING LABORATORIES LTD

  C · OPBLC SFTY · BU · 100% owned · share of income -$3,009,711 · share of assets $10,429,796 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• AWS TRUEPOWER DO BRAZIL LTDA

  C · PBLC SFTY · BR · 100% owned · share of income -$1,248,639 · share of assets $2,075,396 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• CONSUMER TESTING LABORATORIES (SHENZHEN

  C · PBLC SFTY · BR · 100% owned · share of income -$4,060,016 · share of assets $6,382,966 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• SAFEWARE INVESTORS LIMITED

  C · PBLC SFTY · UK · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• UL MOROCCO LLC

  C · PBLC SFTY · MO · 100% owned · share of income $0 · share of assets $20,100 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• UL DE COLOMBIA SAS

  C · PBLC SFTY · CO · 100% owned · share of income -$1,151,812 · share of assets $828,945 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO ASIA PACIFIC LTD PTY

  C · PBLC SFTY · AS · 100% owned · share of income -$45,792 · share of assets $454,814 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO CONSULTING UK LIMITED

  C · PBLC SFTY · UK · 100% owned · share of income -$1,499,162 · share of assets $2,035,254 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO SINGAPORE CONSULTING PTE LTD

  C · PBLC SFTY · SN · 100% owned · share of income -$474,837 · share of assets $502,617 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO TAIWAN LIMITED

  C · PBLC SFTY · TW · 100% owned · share of income -$371,247 · share of assets $312,940 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO EUROPE BV

  C · PBLC SFTY · NL · 100% owned · share of income -$6,233,155 · share of assets $8,690,252 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO DEUTSCHLAND GMBH

  C · PBLC SFTY · NL · 100% owned · share of income -$372,776 · share of assets $1,775,081 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO FRANCE SAS

  C · PBLC SFTY · FR · 100% owned · share of income -$375,458 · share of assets $423,337 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO EUROPE CONSULTING BV

  C · PBLC SFTY · NL · 100% owned · share of income -$9,845,265 · share of assets $11,793,929 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO KOREA LIMITED

  C · PBLC SFTY · KN · 100% owned · share of income -$748,195 · share of assets $433,195 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO ISRAEL LIMITED

  C · PBLC SFTY · IS · 100% owned · share of income -$3,232 · share of assets $262,773 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO HONG KONG LIMITED

  C · PBLC SFTY · HK · 100% owned · share of income -$311,733 · share of assets $228,965 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO MALAYSIA SDN BHD

  C · PBLC SFTY · MY · 100% owned · share of income -$107,575 · share of assets $281,835 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO COSTA RICA SRL

  C · PBLC SFTY · CS · 100% owned · share of income -$106,713 · share of assets $633,858 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO PERU SRL

  C · PBLC SFTY · PE · 100% owned · share of income -$139,264 · share of assets $172,667 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO CLINICAL BV

  C · PBLC SFTY · NL · 100% owned · share of income $0 · share of assets $305,800 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO (INDIA) CONSULTING PVT LTD

  C · PBLC SFTY · IN · 100% owned · share of income -$142,102 · share of assets $535,263 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO CONSULTING LLC

  C · PBLC SFTY · RS · 100% owned · share of income -$19,619 · share of assets $323,510 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO SRL

  C · PBLC SFTY · MX · 100% owned · share of income -$675,741 · share of assets $1,447,800 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• CHEMADVISOR EUROPE SPRL

  C · PBLC SFTY · BE · 100% owned · share of income -$988,293 · share of assets $4,417,126 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• UL BUSINESS SOLUTIONS CANADA INC

  C · PBLC SFTY · CA · 100% owned · share of income -$3,459,743 · share of assets $15,507,257 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• UL LABORATORY CANADA INC

  C · PBLC SFTY · CA · 100% owned · share of income -$5,340,950 · share of assets $7,956,906 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO JAPAN CONSULTING KK

  C · PBLC SFTY · JA · 100% owned · share of income -$2,461,453 · share of assets $3,270,557 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• DQS GMBH DEUTSCHE GESSELSHAFT

  C · PBLC SFTY · GM · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by UL SARL

• UNDERWRITERS LABORATORIES BV

  C · PBLC SFTY · NL · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by UL SARL

• UL RUSSIA

  C · PBLC SFTY · RS · 100% owned · share of income -$1,658 · share of assets $0 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• UL CHANGZHOU QTS

  C · PBLC SFTY · CH · 100% owned · share of income -$6,701,207 · share of assets $23,168,867 · controlled entity

  Directly controlled by UL CHINA HOLDIN

• GULF RENEWABLE ENERGY LAB

  C · PBLC SFTY · SA · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by UL SARL

• UL IRELAND OPERATIONS LIMITED

  C · PBLC SFTY · EI · 100% owned · share of income -$3,615,223 · share of assets $2,515,586 · controlled entity

  Directly controlled by UL GMBH

• UL SERVICES SPAIN SL

  C · PBLC SFTY · SP · 100% owned · share of income -$5,862,923 · share of assets $9,236,621 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• UL BUSINESS SERVICES INDIA LLP

  C · PBLC SFTY · IN · 100% owned · share of income -$2,512,659 · share of assets $5,901,492 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO MEDICAL TECHNOLOGY

  C · PBLC SFTY · CH · 100% owned · share of income -$726,186 · share of assets $370,225 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• METHOD PARK HOLDING

  C · PBLC SFTY · GM · 100% owned · share of income -$22,829,306 · share of assets $44,651,934 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• METHOD PARK CONSULTING (SHANGHAI)

  C · PBLC SFTY · CH · 100% owned · share of income -$718,265 · share of assets $459,578 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• UL BUSINESS SERVICES MEXICO

  C · PBLC SFTY · MX · 100% owned · share of income -$3,344,023 · share of assets $1,891,002 · controlled entity

  Directly controlled by UL SERVICES GRO

• SPECIALIZED TECH RESOURCES LANKA PVT

  C · PBLC SFTY · CE · 100% owned · share of income $0 · share of assets $120,308 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO BRAZIL PARTICIPACOES E SERVICIOS

  C · PBLC SFTY · BR · 100% owned · share of income -$1,935,594 · share of assets $3,568,830 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• ULME TRADING LLC

  C · PBLC SFTY · AE · 100% owned · share of income $0 · share of assets $281,337 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• KUGLER MAAG CIE GMBH

  C · PBLC SFTY · GM · 100% owned · share of income -$25,471,210 · share of assets $42,477,814 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• KUGLER MAAG CIE MANAGEMENT CONSULTING (S

  C · PBLC SFTY · CH · 100% owned · share of income -$1,073,884 · share of assets $2,318,450 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• UNDERWRITERS LABORATORIES ADVANCED FOR V

  C · PBLC SFTY · SF · 100% owned · share of income -$7,816 · share of assets $1,203,857 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• UL CONCORD HOLDINGS LIMITED

  C · PBLC SFTY · UK · 100% owned · share of income $0 · share of assets $17,097,430 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• CIMTEQ LIMITED

  C · PBLC SFTY · UK · 100% owned · share of income -$3,473,990 · share of assets $19,090,345 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• CIMTEQ HOLDINGS LIMITED

  C · PBLC SFTY · UK · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• UL VS (GUANGZHOU) CO LTD SONG SHAN LA

  C · PBLC SFTY · CH · 100% owned · share of income -$5,079,754 · share of assets $4,632,582 · controlled entity

  Directly controlled by UL SARL

• CERTIFICATION ENTITY FOR RENEWABLE ENERG

  C · TESTING & INSP. · SP · 100% owned · share of income -$3,146,355 · share of assets $17,033,349 · controlled entity

  Directly controlled by UL IBERICA SL

• HBI COMPLIANCE LIMITED

  C · TESTING & INSP. · UK · 100% owned · share of income $0 · share of assets $4,666,586 · controlled entity

  Directly controlled by UL VS LTD

• HEALTHY BUILDINGS INTERNATIONAL LIMITED

  C · TESTING & INSP. · UK · 100% owned · share of income -$2,271,548 · share of assets $4,452,516 · controlled entity

  Directly controlled by HBI COMPLIANCE

• DB MANAGEMENT SYSTEMS LTD

  C · TESTING & INSP. · UK · 100% owned · share of income -$4,378 · share of assets $1,430,961 · controlled entity

  Directly controlled by HBI COMPLIANCE

• UL SINGAPORE HOLDINGS PTE LTD

  C · HOLDING COMPANY · SN · 100% owned · share of income -$109,414,840 · share of assets $519,613,795 · controlled entity

  Directly controlled by UL SG HLDG LLC

• DATA TEST LABS COMPANY

  C · TESTING & INSP. · MI · 100% owned · share of income $5,606,497 · share of assets $12,563,361 · controlled entity

  Directly controlled by UL LLC

• CREDIT 360 GLOBAL LIMITED

  C · HOLDING COMPANY · UK · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by UL GMBH

• CONSUMER TESTING LABORATORIES (BANGLADES

  C · TESTING & INSP. · BG · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by CONSUMER TESTIN