ICC Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 05, 2024 at 03:00 am IST
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ICC Holdings, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 23.12 million compared to USD 21.08 million a year ago. Net income was USD 3.06 million compared to USD 3.08 million a year ago. Basic earnings per share from continuing operations was USD 1.04 compared to USD 1.05 a year ago. Diluted earnings per share from continuing operations was USD 1.03 compared to USD 1.05 a year ago.
For the full year, the company reported revenue was USD 83.16 million compared to USD 69.68 million a year ago. Net income was USD 4.45 million compared to net loss of USD 0.581662 million a year ago. Basic earnings per share from continuing operations was USD 1.51 compared to basic loss per share from continuing operations of USD 0.19 a year ago. Diluted earnings per share from continuing operations was USD 1.5 compared to diluted loss per share from continuing operations of USD 0.19 a year ago.
ICC Holdings, Inc. is a specialty insurance carrier company. The Company is primarily engaged in underwriting commercial multi-peril, liquor liability, workersâ compensation, and umbrella liability coverages for the food and beverage industry through its subsidiary insurance company, Illinois Casualty Company (ICC). ICC writes business in Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Ohio, Pennsylvania, Utah, and Wisconsin and markets through independent agents. The Company primarily market its products through a network of 184 independent agents in the states that the Company writes in. ICC also writes workersâ compensation and commercial umbrella policies. Its subsidiaries include ICC Realty, LLC, Beverage Insurance Agency, Inc., Estrella Innovative Solutions, Inc., and Southern Hospitality Education, LLC.
ICC HOLDINGS, INC. 