Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: STANDARDS FEE

  total $28,395,651 · related or exempt $28,395,651

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

  total $132,362 · related or exempt $132,362

• 2c · Program service revenue: SPONSORSHIP REVENUE

  total $209,531 · related or exempt $209,531

• 3 · Investment income

  total $46,570,954 · unrelated business -$1,775,799 · excluded $48,346,753

• 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 $309,535,271 · other assets -$17,850

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

  securities $292,569,314

• 7c · Gain or loss

  securities $16,965,957 · other assets -$17,850

• 7d · Net gain or loss

  total $16,948,107 · excluded $16,948,107

• 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 $223,515 · program services $223,515

• 2 · Grants to domestic individuals

  total $0

• 3 · Grants to foreign organizations and individuals

  total $307,011 · program services $307,011

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $7,639,453 · program services $5,352,506 · management and general $2,286,947

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $19,618,692 · program services $13,745,640 · management and general $5,873,052

• 8 · Pension plan contributions

  total $89,929 · management and general $89,929

• 9 · Other employee benefits

  total $6,127,727 · program services $3,218,684 · management and general $2,909,043

• 10 · Payroll taxes

  total $2,338,332 · program services $1,230,650 · management and general $1,107,682

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $1,470,053 · program services $80 · management and general $1,469,973

• 11c · Fees: accounting

  total $210,571 · management and general $210,571

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $2,967,403 · management and general $2,967,403

• 11g · Fees: other

  total $14,193,531 · program services $6,485,495 · management and general $7,708,036

• 12 · Advertising and promotion

  total $1,562,789 · program services $1,487,586 · management and general $75,203

• 13 · Office expenses

  total $981,596 · program services $237,024 · management and general $744,572

• 14 · Information technology

  total -$326,925 · program services $1,262,616 · management and general -$1,589,541

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $1,499,670 · management and general $1,499,670

• 17 · Travel

  total $3,462,241 · program services $2,288,254 · management and general $1,173,987

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $241,990 · program services $234,137 · management and general $7,853

• 20 · Interest

  total $0

• 21 · Payments to affiliates

  total $2,525,790 · program services $55,559 · management and general $2,470,231

• 22 · Depreciation, depletion and amortization

  total $4,213,349 · program services $963,510 · management and general $3,249,839

• 23 · Insurance

  total $237,789 · program services $512 · management and general $237,277

• 24a · Other expenses: MEMBERSHIPS & SPONSORSHIPS

  total $752,386 · program services $442,815 · management and general $309,571

• 24b · Other expenses: TRAINING & SEMINARS

  total $636,240 · program services $217,962 · management and general $418,278

• 24c · Other expenses: RECRUITING

  total $600,042 · management and general $600,042

• 24d · Other expenses: SUBSCRIPTIONS

  total $445,332 · program services $430,562 · management and general $14,770

• 24e · All other expenses

  total -$273,764 · program services $99,192 · management and general -$372,956

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $645,992,913 · end of year $50,290,565

• 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 $432,841 · end of year $4,553,617

• 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 $1,744,135 · end of year $3,276,456

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

  $24,262,333

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

  $3,732,269

• 10c · Land, buildings and equipment, net

  beginning of year $19,873,439 · end of year $20,530,064

• 11 · Investments: publicly traded securities

  beginning of year $4,336,304 · end of year $1,559,663,406

• 12 · Investments: other securities

  beginning of year $1,405,832,806 · end of year $2,850,767,049

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 14 · Intangible assets

  beginning of year $5,289,011 · end of year $6,004,737

• 15 · Other assets

  beginning of year $9,120,337 · end of year $13,243,919

• 17 · Accounts payable and accrued expenses

  beginning of year $17,711,632 · end of year $12,202,031

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $1,412,264 · end of year $1,392,998

• 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 $12,676,218 · end of year $19,654,446

• 27 · Net assets without donor restrictions

  beginning of year $2,060,821,672 · end of year $4,475,080,338

• 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

TWO OFFICERS AND ONE TRUSTEE LISTED IN PART VII, SECTION A RECEIVED FIRST CLASS TRAVEL IN 2024. THESE BENEFITS WERE NOT CONSIDERED TAXABLE COMPENSATION.

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

THE PROCESS OF DETERMINING COMPENSATION FOR THE CEO, ALL OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION IS PERFORMED ANNUALLY. AN INDEPENDENT COMPENSATION CONSULTANT COMPLETES AN ANALYSIS OF COMPARABLE AND COMPETITIVE MARKET DATA. IT COVERS TOP MANAGEMENT OFFICIALS FO 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. 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 1,455,462 NONE 1,319,016 ROBINSON NONE NONE 3,779,987 SZCZECH NONE NONE 223,740

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 OTHER QUANTITATIVE AND QUALITATIVE MEASURES, AND DISCRETIONARY INDIVIDUAL PERFORMANCE ASSESSMENT, AS APPROVED BY THE BOARD OF DIRECTORS.

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, SZCZECH, KHOURY AND ROBINSON. THE RELATED ORGANIZATIONS ALSO PROVIDED SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS TO BRADY (AS AN OFFICER OF THE RELATED ORG) AND ROBINSON.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• UL DO BRASIL CERTIFICACOES

  PBLC SFTY · BR

• ULC STANDARDS

  PBLC SFTY · CA

• ULSE INC

  SOCL WELFARE

Related corporations and trusts

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

• UNDERWRITERS LABORATORIES THAILAND LTD

  C · PBLC SFTY · TH · 100% owned · share of income $142,992 · share of assets $3,181,212 · controlled entity

  Directly controlled by UL LLC

• UL RESPONSIBLE SOURCING MEXICO SA DE CV

  C · PBLC SFTY · MX · 100% owned · share of income $29,129 · share of assets $549,657 · controlled entity

  Directly controlled by UL RS

• UL DE ARGENTINA SRL

  C · PBLC SFTY · AR · 100% owned · share of income $843,506 · share of assets $3,598,174 · controlled entity

  Directly controlled by UL SA RL

• UL KOREA LTD

  C · PBLC SFTY · KN · 100% owned · share of income $3,525,602 · share of assets $53,411,004 · controlled entity

  Directly controlled by UL SA RL

• UL VERIFICATION SERVICES LTD

  C · PBLC SFTY · UK · 100% owned · share of income $2,865,777 · share of assets $117,644,912 · controlled entity

  Directly controlled by UL UK

• UL DE MEXICO SA DE CV

  C · PBLC SFTY · MX · 100% owned · share of income $197,611 · share of assets $23,100,397 · controlled entity

  Directly controlled by UL SA RL

• UL (CHINA) HOLDINGS COMPANY LTD

  C · PBLC SFTY · CH · 100% owned · share of income $332,221 · share of assets $31,826,302 · controlled entity

  Directly controlled by UL SINGAPORE

• UL INDIA PRIVATE LTD

  C · PBLC SFTY · IN · 100% owned · share of income $3,340,138 · share of assets $44,771,161 · controlled entity

  Directly controlled by UL SINGAPORE

• UL INTERNATIONAL (FRANCE) SA

  C · PBLC SFTY · FR · 100% owned · share of income $227,861 · share of assets $4,122,056 · controlled entity

  Directly controlled by UL SA RL

• UL INTERNATIONAL (GERMANY) GMBH

  C · PBLC SFTY · GM · 100% owned · share of income $3,420,296 · share of assets $153,015,476 · controlled entity

  Directly controlled by UL SA RL

• UL INTERNATIONAL (ITALIA) SRL

  C · PBLC SFTY · IT · 100% owned · share of income $2,647,639 · share of assets $91,991,290 · controlled entity

  Directly controlled by UL SA RL

• UL INTERNATIONAL (NETHERLANDS) BV

  C · PBLC SFTY · NL · 100% owned · share of income $979,291 · share of assets $8,662,112 · controlled entity

  Directly controlled by UL GMBH

• UL INTERNATIONAL (SWEDEN) AB

  C · PBLC SFTY · SW · 100% owned · share of income $40,982 · share of assets $501,095 · controlled entity

  Directly controlled by UL SA RL

• UL INTERNATIONAL (UK) LTD

  C · PBLC SFTY · UK · 100% owned · share of income $898,309 · share of assets $191,962,822 · controlled entity

  Directly controlled by UL SA RL

• UL INTERNATIONAL AUSTRALIA PTY LTD

  C · PBLC SFTY · AS · 100% owned · share of income $64,289 · share of assets $2,408,451 · controlled entity

  Directly controlled by UL GMBH

• UL INTERNATIONAL DEMKO AS

  C · PBLC SFTY · DA · 100% owned · share of income $1,197,784 · share of assets $17,265,078 · controlled entity

  Directly controlled by UL SA RL

• UL INTERNATIONAL LTD

  C · PBLC SFTY · HK · 100% owned · share of income $1,128,105 · share of assets $14,682,110 · controlled entity

  Directly controlled by UL SA RL

• UL INTERNATIONAL NEW ZEALAND LTD

  C · PBLC SFTY · NZ · 100% owned · share of income $158,908 · share of assets $3,765,277 · controlled entity

  Directly controlled by UL SA RL

• UL INTERNATIONAL POLSKA SP ZOO

  C · PBLC SFTY · PL · 100% owned · share of income $524,360 · share of assets $9,665,185 · controlled entity

  Directly controlled by UL SA RL

• UL JAPAN INC

  C · PBLC SFTY · JA · 100% owned · share of income $13,370,282 · share of assets $115,004,392 · controlled entity

  Directly controlled by UL SA RL

• UL SERVICES (MALAYSIA) SDN BHD

  C · PBLC SFTY · MY · 100% owned · share of income $12,679 · share of assets $545,957 · controlled entity

  Directly controlled by UL SA RL

• UL VERIFICATION SERVICES PVT LTD

  C · PBLC SFTY · SN · 100% owned · share of income $3,302,840 · share of assets $14,133,870 · controlled entity

  Directly controlled by UL SA RL

• UL CCIC CO LTD

  C · PBLC SFTY · CH · 70% owned · share of income $69,948,517 · share of assets $197,467,467 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• UNDERWRITERS LABORATORIES IBERICA SL

  C · PBLC SFTY · SP · 100% owned · share of income $299,924 · share of assets $16,451,512 · controlled entity

  Directly controlled by UL SA RL

• UNDERWRITERS LABORATORIES TAIWAN CO LTD

  C · PBLC SFTY · TW · 100% owned · share of income $3,931,220 · share of assets $58,599,410 · controlled entity

  Directly controlled by UL GMBH

• UL DO BRASIL LTDA

  C · PBLC SFTY · BR · 100% owned · share of income $10,031,482 · share of assets $31,932,975 · controlled entity

  Directly controlled by UL SA RL

• 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

• UL DO BRASIL CERTICACOES

  C · PBLC SFTY · BR · 100% owned · share of income $3,380,822 · share of assets $8,247,283 · controlled entity

  Directly controlled by UL HBV

• UNDERWRITERS LABORATORIES ME FZCO

  C · PBLC SFTY · AE · 100% owned · share of income $1,565,590 · share of assets $6,685,951 · controlled entity

  Directly controlled by UL SA RL

• UL VS TAIWAN LTD

  C · PBLC SFTY · TW · 100% owned · share of income $64,968 · share of assets $4,623,476 · controlled entity

  Directly controlled by UL SA RL

• UL VS HONG KONG LIMITED

  C · PBLC SFTY · HK · 100% owned · share of income $3,012,064 · share of assets $136,516,628 · controlled entity

  Directly controlled by UL SA RL

• SPECIALIZED TECH RESOURCES LANKA PVT

  C · PBLC SFTY · CE · 100% owned · share of income $14,634 · share of assets $133,226 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• UL VS LHAS

  C · PBLC SFTY · TU · 100% owned · share of income $1,073,196 · share of assets $3,644,775 · controlled entity

  Directly controlled by STR TURKEY

• STR BANGLADESH PRIVATE LTD

  C · PBLC SFTY · BG · 100% owned · share of income $4,388 · share of assets $110,607 · controlled entity

  Directly controlled by UL VS HK

• 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 TS BV

  C · PBLC SFTY · NL · 100% owned · share of income $1,461,348 · share of assets $18,104,825 · controlled entity

  Directly controlled by COLLIS H BV

• UL TS FZE

  C · PBLC SFTY · AE · 100% owned · share of income $227,114 · share of assets $2,403,531 · controlled entity

  Directly controlled by COLLIS H BV

• DEWI DO BRASIL EDEE LTDA

  C · PBLC SFTY · BR · 100% owned · share of income $283,178 · share of assets $907,557 · controlled entity

  Directly controlled by DEWI GMBH

• DEWI OFFSHORE & CERTIFICATION CNTR GMBH

  C · PBLC SFTY · GM · 100% owned · share of income $578,163 · share of assets $10,151,209 · controlled entity

  Directly controlled by DEWI GMBH

• ICQ (MED) SARL

  C · PBLC SFTY · TS · 100% owned · share of income $1,751 · share of assets $2,051,348 · controlled entity

  Directly controlled by ICQ SRL

• INSTITUTO CERTIFICAZIONE QUALITA SRL

  C · PBLC SFTY · IT · 100% owned · share of income $432,060 · share of assets $38,334,464 · controlled entity

  Directly controlled by ICQ H SRL

• UL TRANSACTION SECURITY PTY LTD

  C · PBLC SAFETY · AS · 100% owned · share of income $777,652 · share of assets $1,932,767 · controlled entity

  Directly controlled by UL GMBH

• UL VS BANGLADESH LTD

  C · PBLC SFTY · BG · 100% owned · share of income $1,484,169 · share of assets $9,312,130 · controlled entity

  Directly controlled by UL SA RL

• UL STS CO LTD

  C · PBLC SFTY · CH · 100% owned · share of income $563,179 · share of assets $4,348,305 · controlled entity

  Directly controlled by EMT

• NUOVO ISTITUTO ITALIANO SICUREZZE DEI

  C · PBLC SFTY · IT · 100% owned · share of income $850,544 · share of assets $36,485,988 · controlled entity

  Directly controlled by ICQ H SRL

• COLLIS HOLDING BV

  C · PBLC SFTY · NL · 100% owned · share of income $89,298 · share of assets $33,320,083 · controlled entity

  Directly controlled by UL SA RL

• UL INTERNATIONAL GMBH

  C · PBLC SFTY · JA · 100% owned · share of income $3,910,479 · share of assets $62,441,403 · controlled entity

  Directly controlled by DEWI GMBH

• TESTTECH LABORATORIOS DE AVALIACAO DA CO

  C · PBLC SFTY · BR · 100% owned · share of income $4,399,683 · share of assets $5,401,519 · controlled entity

  Directly controlled by UL DO BRASIL LT

• FUTUREMARK OY

  C · PBLC SFTY · FI · 100% owned · share of income $6,501,208 · share of assets $30,309,340 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• UL SHIMADZU LABORATORY CO

  C · PBLC SFTY · JA · 100% owned · share of income $292,496 · share of assets $1,430,007 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• UL INTERNATIONAL INDONESIA

  C · PBLC SFTY · ID · 100% owned · share of income $133,035 · share of assets $1,445,740 · controlled entity

  Directly controlled by UL SARL

• GREEN SAFETY (SHANGHAI)

  C · PBLC SFTY · CH · 100% owned · share of income $2,615 · share of assets $36,024,664 · controlled entity

  Directly controlled by UL SARL

• UL VS SOUTH AFRICA PROPRIETARY LTD

  C · PBLC SFTY · SF · 100% owned · share of income $22,127 · share of assets $353,507 · controlled entity

  Directly controlled by UL SA RL

• UL IRELAND OPERATIONS LIMITED

  C · PBLC SFTY · EI · 100% owned · share of income $423,550 · share of assets $2,020,629 · controlled entity

  Directly controlled by UL GMBH

• UL VERIFICATION SERVICES (GUANGZHOU)

  C · PBLC SFTY · CH · 100% owned · share of income $236,977 · share of assets $14,640,887 · controlled entity

  Directly controlled by UL VS PTY LTD

• CONSUMER TESTING LABORATORIES (FAR EAST)

  C · PBLC SFTY · HK · 100% owned · share of income $413,548 · share of assets $8,099,118 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• CONSUMER TESTING LABORATORIES LTD

  C · OPBLC SFTY · BU · 100% owned · share of income $1,533,209 · share of assets $11,165,075 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• AWS TRUEPOWER DO BRAZIL LTDA

  C · PBLC SFTY · BR · 100% owned · share of income $360,749 · share of assets $1,711,239 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• CONSUMER TESTING LABORATORIES (SHENZHEN

  C · PBLC SFTY · BR · 100% owned · share of income $600,088 · share of assets $6,632,857 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• UL SERVICES SPAIN SL

  C · PBLC SFTY · SP · 100% owned · share of income $735,670 · share of assets $8,784,644 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• UL BUSINESS SERVICES MEXICO

  C · PBLC SFTY · MX · 100% owned · share of income $342,769 · share of assets $2,489,513 · controlled entity

  Directly controlled by UL SERVICES GRO

• 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 $4,941 · share of assets $217,112 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• UL DE COLOMBIA SAS

  C · PBLC SFTY · CO · 100% owned · share of income $0 · share of assets $674,708 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• UL BUSINESS SERVICES INDIA LLP

  C · PBLC SFTY · IN · 100% owned · share of income $1,067,577 · share of assets $6,877,414 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO ASIA PACIFIC LTD PTY

  C · PBLC SFTY · AS · 100% owned · share of income $5,330 · share of assets $419,749 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO CONSULTING UK LIMITED

  C · PBLC SFTY · UK · 100% owned · share of income $27,777 · share of assets $2,322,061 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO SINGAPORE CONSULTING PTE LTD

  C · PBLC SFTY · SN · 100% owned · share of income $763 · share of assets $509,166 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO TAIWAN LIMITED

  C · PBLC SFTY · TW · 100% owned · share of income $16,049 · share of assets $307,172 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO EUROPE BV

  C · PBLC SFTY · NL · 100% owned · share of income $266,676 · share of assets $6,073,344 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO DEUTSCHLAND GMBH

  C · PBLC SFTY · NL · 100% owned · share of income $621,357 · share of assets $1,444,133 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO FRANCE SAS

  C · PBLC SFTY · FR · 100% owned · share of income $7,250 · share of assets $394,764 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO EUROPE CONSULTING BV

  C · PBLC SFTY · NL · 100% owned · share of income $1,387,412 · share of assets $12,233,757 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO KOREA LIMITED

  C · PBLC SFTY · KN · 100% owned · share of income $34,890 · share of assets $362,167 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO ISRAEL LIMITED

  C · PBLC SFTY · IS · 100% owned · share of income $2,780 · share of assets $288,646 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO HONG KONG LIMITED

  C · PBLC SFTY · HK · 100% owned · share of income $1,982 · share of assets $254,128 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO MALAYSIA SDN BHD

  C · PBLC SFTY · MY · 100% owned · share of income $16,136 · share of assets $295,559 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO COSTA RICA SRL

  C · PBLC SFTY · CS · 100% owned · share of income $26,658 · share of assets $664,566 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO PERU SRL

  C · PBLC SFTY · PE · 100% owned · share of income $17,587 · share of assets $162,524 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO (INDIA) CONSULTING PVT LTD

  C · PBLC SFTY · IN · 100% owned · share of income $13,158 · share of assets $502,214 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO CONSULTING LLC

  C · PBLC SFTY · RS · 100% owned · share of income $33,944 · share of assets $261,262 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO SRL

  C · PBLC SFTY · MX · 100% owned · share of income $41,361 · share of assets $1,239,365 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• CHEMADVISOR EUROPE SPRL

  C · PBLC SFTY · BE · 100% owned · share of income $1,288,505 · share of assets $3,826,622 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• UL BUSINESS SOLUTIONS CANADA INC

  C · PBLC SFTY · CA · 100% owned · share of income $1,847,906 · share of assets $25,916,657 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• UL LABORATORY CANADA INC

  C · PBLC SFTY · CA · 100% owned · share of income $1,077,178 · share of assets $7,754,880 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• EMERGO JAPAN CONSULTING KK

  C · PBLC SFTY · JA · 100% owned · share of income $510,041 · share of assets $3,879,761 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• UL VS SHANGHAI LIMITED

  C · PBLC SFTY · CH · 100% owned · share of income $11,107,609 · share of assets $71,918,312 · controlled entity

  Directly controlled by UL VS HK

• EMERGO BRAZIL PARTICIPACOES E SERVICIOS

  C · PBLC SFTY · BR · 100% owned · share of income $109,011 · share of assets $3,277,902 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• UL CHANGZHOU QTS

  C · PBLC SFTY · CH · 100% owned · share of income $135,073 · share of assets $22,168,819 · 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

• UNDERWRITERS LABORATORIES HOLDING BV

  C · HOLDING CO · NL · 100% owned · share of income $33,953,107 · share of assets $593,177,252 · controlled entity

  Directly controlled by UL SARL

• EMERGO MEDICAL TECHNOLOGY

  C · PBLC SFTY · CH · 100% owned · share of income $40,927 · share of assets $681,651 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• METHOD PARK CONSULTING (SHANGHAI)

  C · PBLC SFTY · CH · 100% owned · share of income $385,225 · share of assets $0 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• METHOD PARK HOLDING

  C · PBLC SFTY · GM · 100% owned · share of income $1,061,634 · share of assets $45,187,174 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• UL VS VIETNAM CO LTD

  C · PBLC SFTY · VM · 100% owned · share of income $111,157 · share of assets $6,795,833 · controlled entity

  Directly controlled by UL SA RL

• ULME TRADING LLC

  C · PBLC SFTY · AE · 100% owned · share of income $33,282 · share of assets $241,663 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• KUGLER MAAG CIE GMBH

  C · PBLC SFTY · GM · 100% owned · share of income $6,428,522 · share of assets $32,677,550 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• KUGLER MAAG CIE MANAGEMENT CONSULTING (S

  C · PBLC SFTY · CH · 100% owned · share of income $75,853 · share of assets $1,543,820 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• UNDERWRITERS LABORATORIES ADVANCED FOR V

  C · PBLC SFTY · SF · 100% owned · share of income $7,978 · share of assets $1,042,873 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• UL CONCORD HOLDINGS LIMITED

  C · PBLC SFTY · UK · 100% owned · share of income $4,601 · share of assets $18,697,655 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• CIMTEQ LIMITED

  C · PBLC SFTY · UK · 100% owned · share of income $1,683,283 · share of assets $18,880,552 · 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

• CERTIFICATION ENTITY FOR RENEWABLE ENERG

  C · TESTING & INSP. · SP · 100% owned · share of income $1,295,989 · share of assets $14,576,033 · controlled entity

  Directly controlled by UL IBERICA SL

• HBI COMPLIANCE LIMITED

  C · TESTING & INSP. · UK · 100% owned · share of income $41,414 · share of assets $4,666,516 · controlled entity

  Directly controlled by UL VS LTD

• HEALTHY BUILDINGS INTERNATIONAL LIMITED

  C · TESTING & INSP. · UK · 100% owned · share of income $704,983 · share of assets $2,953,062 · controlled entity

  Directly controlled by HBI COMPLIANCE

• DB MANAGEMENT SYSTEMS LTD

  C · TESTING & INSP. · UK · 100% owned · share of income $133,505 · share of assets $1,396,056 · controlled entity

  Directly controlled by HBI COMPLIANCE

• UL SINGAPORE HOLDINGS PTE LTD

  C · HOLDING COMPANY · SN · 100% owned · share of income $264,079,680 · share of assets $722,322,925 · controlled entity

  Directly controlled by UL SG HLDG LLC

• TESTNET CANADA Inc

  C · TESTING & INSP. · CA · 100% owned · share of income $328,314 · share of assets $7,245,291 · controlled entity

  Directly controlled by TSTNET ENG GMBH

• TESTNET ENGINEERING GMBH

  C · TESTING & INSP. · GM · 100% owned · share of income $350,156 · share of assets $24,255,819 · controlled entity

  Directly controlled by UL INT GER GMBH

• BATTERIEINGENIEURE GMBH

  C · TESTING & INSP. · GM · 100% owned · share of income $304,475 · share of assets $27,277,635 · controlled entity

  Directly controlled by UL INT GER GMBH

• TESTNET MAXIMATOR GMBH

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

  Directly controlled by TSTNET ENG GMBH

• HYAC GMBH

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

  Directly controlled by TSTNET ENG GMBH

• HYTACC GMBH

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

  Directly controlled by TSTNET ENG GMBH

• BATTERIEINGENIEURE INTN'L GMBH IL

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

  Directly controlled by BATTERIE GMBH

• BATTERIEINGENIEURE SE SOCIEDAD LTD

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

  Directly controlled by BATTERIE GMBH

• UL NINGBO TECHNOLOGY SVCS CO LTD

  C · TESTING & INSP. · CH · 100% owned · share of income $28,520 · share of assets $8,383,041 · controlled entity

  Directly controlled by UL (CHINA) HOLD

• UL LLC

  C · PBLC SFTY · DE · 100% owned · share of income $1,153,859,688 · share of assets $2,490,549,285 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• UL SOLUTIONS INC

  C · PBLC SFTY · DE · 69.1% owned · share of income $384,711,863 · share of assets $3,882,661,542 · controlled entity

  Directly controlled by ULSE INC

• UL SERVICES GROUP LLC

  C · PBLC SFTY · NY · 100% owned · share of income $48,853,610 · share of assets $88,890,065 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• DATA TEST LABS COMPANY

  C · TESTING & INSP. · MI · 100% owned · share of income $4,496,024 · share of assets $15,186,170 · controlled entity

  Directly controlled by UL LLC

• UL VERIFICATION SERVICES INC

  C · PBLC SFTY · DE · 100% owned · share of income $446,510,152 · share of assets $714,834,918 · controlled entity

  Directly controlled by UL SOLUTIONS IN

• 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