ICC Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 09, 2022 at 06:18 am
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ICC Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 14.8 million compared to USD 14.69 million a year ago. Net loss was USD 4.13 million compared to net income of USD 0.562668 million a year ago. Basic loss per share from continuing operations was USD 1.35 compared to basic earnings per share from continuing operations of USD 0.18 a year ago.
For the six months, revenue was USD 30.81 million compared to USD 28.65 million a year ago. Net loss was USD 4.29 million compared to net income of USD 1.72 million a year ago. Basic loss per share from continuing operations was USD 1.4 compared to basic earnings per share from continuing operations of USD 0.57 a year ago. Diluted loss per share from continuing operations was USD 1.4 compared to diluted earnings per share from continuing operations of USD 0.57 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.