ICC Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 05:16 pm EST
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ICC Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 19.76 million compared to USD 17.79 million a year ago. Net loss was USD 0.768962 million compared to net income of USD 0.62974 million a year ago. Basic loss per share from continuing operations was USD 0.26 compared to basic earnings per share from continuing operations of USD 0.21 a year ago. Diluted loss per share from continuing operations was USD 0.26 compared to diluted earnings per share from continuing operations of USD 0.2 a year ago.
For the nine months, revenue was USD 60.04 million compared to USD 48.6 million a year ago. Net income was USD 1.4 million compared to net loss of USD 3.66 million a year ago. Basic earnings per share from continuing operations was USD 0.47 compared to basic loss per share from continuing operations of USD 1.2 a year ago. Diluted earnings per share from continuing operations was USD 0.47.
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. 
