ICC Holdings, Inc.
ir.iccholdingsinc.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q3 FY2024 10-Q, filed Nov 14, 2024. Its latest SEC filing is a SCHEDULE 13G/A from Apr 23, 2025.
10-Q for Q3 FY2024, filed Nov 14, 2024
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Sells property, liquor liability and workers’ compensation coverage to food and beverage businesses through independent agents.
10-K for FY2023, filed Mar 28, 2024We are a specialty insurance carrier primarily underwriting commercial multi-peril, liquor liability, workers’ compensation, and umbrella…View ↗
ICC has specialized in the food and beverage industry since 1950. Our product language is based on Insurance Services Offices (ISO) forms…View ↗
Our commercial insurance product is sold by over 184 independent insurance agents, also referred to as producers. These agencies access…View ↗
How Did They Make Money?
Policyholders pay premiums for coverage, and the company earns those premiums throughout each policy’s term; it also receives interest and dividends from invested funds and may gain or lose money when it sells investments.
10-K for FY2023, filed Mar 28, 2024
$82.9M
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10-K for FY2023, filed Mar 28, 2024
$82.9M ↗
Who Were Their Customers?
Food and beverage businesses obtain commercial insurance through independent agents, which can access multiple insurers; ICC keeps underwriting, billing, loss control and claims handling in-house.
10-K for FY2023, filed Mar 28, 2024We are a specialty insurance carrier primarily underwriting commercial multi-peril, liquor liability, workers’ compensation, and umbrella…View ↗
Our commercial insurance product is sold by over 184 independent insurance agents, also referred to as producers. These agencies access…View ↗
Our marketing efforts are also supported by our claims, litigation, billing, underwriting, and loss control departments. As industry…View ↗
Did Revenues Turn Into Profits?
Yes. It kept 5 cents of every revenue dollar as net income in FY2023 and turned 10 cents into free cash flow.
How Were They Changing?
- Net income
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Sources
10-Q for Q3 FY2024, filed Nov 14, 2024
$2.1MView ↗
- ▲ Now profitable
- vs −$769K in Q3 FY2023
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Mar 17, 2025
ICC Holdings became a wholly owned subsidiary in a merger
The merger ended its Nasdaq listing.
Sources
8-K, filed Mar 17, 2025
Pursuant to the MergerAgreement, on the Closing Date, Merger Sub merged with and into ICCH (the “Merger”), with ICCH surviving the Merger…View ↗
Grew. Revenue grew 39% in 4 years, from $59.5M in FY2019 to $82.9M in FY2023, about 9% a year.
Geographic footprint
The latest report lists Utah among ICC’s writing states; the earlier report lists Oregon and Tennessee instead.
10-K for FY2020, filed Mar 30, 2021 10-K for FY2023, filed Mar 28, 2024We are a specialty insurance carrier primarily underwriting commercial multi-peril, liquor liability, workers’ compensation, and umbrella…View ↗
We are a specialty insurance carrier primarily underwriting commercial multi-peril, liquor liability, workers’ compensation, and umbrella…View ↗
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