Financial Snapshot

Revenue
$92.06M
TTM
Gross Margin
40.97%
TTM
Net Earnings
$6.420M
TTM
Current Assets
Current Liabilities
Current Ratio
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$73.10M
Q3 2024
Cash
Q3 2024
P/E
11.28
Nov 12, 2024 EST
Free Cash Flow
$4.568M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Revenue $82.94M $69.68M $61.44M $56.52M $59.52M $51.16M $48.18M $44.58M $40.53M $39.26M
YoY Change 19.03% 13.41% 8.71% -5.05% 16.34% 6.2% 8.07% 9.99% 3.23%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Revenue $82.94M $69.68M $61.44M $56.52M $59.52M $51.16M $48.18M $44.58M $40.53M $39.26M
Cost Of Revenue $47.93M $44.53M $34.70M $32.56M $33.71M $31.26M $29.01M
Gross Profit $35.01M $25.15M $26.74M $23.96M $25.81M $19.90M $19.17M
Gross Profit Margin 42.21% 36.09% 43.52% 42.39% 43.36% 38.9% 39.79%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Selling, General & Admin $784.3K $776.8K $723.4K $640.0K $580.0K $550.0K $560.0K $460.0K $310.0K $260.0K
YoY Change 0.97% 7.38% 13.02% 10.34% 5.45% -1.79% 21.74% 48.39% 19.23%
% of Gross Profit 2.24% 3.09% 2.71% 2.67% 2.25% 2.76% 2.92%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $763.8K $693.1K $708.4K $684.7K $794.5K $733.5K $822.6K $820.0K $510.0K $510.0K
YoY Change 10.21% -2.16% 3.45% -13.82% 8.32% -10.83% 0.32% 60.78% 0.0%
% of Gross Profit 2.18% 2.76% 2.65% 2.86% 3.08% 3.69% 4.29%
Operating Expenses $77.24M $70.21M $56.25M $51.73M $54.31M $50.02M $46.87M $40.66M $38.65M $37.33M
YoY Change 10.01% 24.81% 8.73% -4.75% 8.58% 6.72% 15.27% 5.2% 3.54%
Operating Profit -$42.22M -$45.06M -$29.51M -$27.77M -$28.50M -$30.12M -$27.70M
YoY Change -6.29% 52.71% 6.24% -2.55% -5.37% 8.73%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Interest Expense $488.7K $678.4K $747.6K -$450.0K $1.070M $840.0K $840.0K $20.00K $940.0K $320.0K
YoY Change -27.96% -9.25% -266.12% -142.06% 27.38% 0.0% 4100.0% -97.87% 193.75%
% of Operating Profit
Other Income/Expense, Net $236.9K $420.2K $348.7K $1.410M -$50.00K $200.0K $330.0K $250.0K $190.0K $110.0K
YoY Change -43.62% 20.5% -75.27% -2920.0% -125.0% -39.39% 32.0% 31.58% 72.73%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Pretax Income $5.522M -$721.8K $4.958M $4.578M $5.082M $999.4K $1.080M $3.990M $3.020M $2.360M
YoY Change -865.02% -114.56% 8.29% -9.9% 408.47% -7.48% -72.93% 32.12% 27.97%
Income Tax $1.265M -$140.2K $815.1K $1.047M $787.2K $106.1K $372.3K $1.180M $860.0K $780.0K
% Of Pretax Income 22.91% 16.44% 22.87% 15.49% 10.62% 34.47% 29.57% 28.48% 33.05%
Net Earnings $4.257M -$581.7K $4.143M $3.531M $4.294M $893.3K $707.9K $2.810M $2.150M $1.590M
YoY Change -831.85% -114.04% 17.31% -17.77% 380.73% 26.2% -74.81% 30.7% 35.22%
Net Earnings / Revenue 5.13% -0.83% 6.74% 6.25% 7.21% 1.75% 1.47% 6.3% 5.3% 4.05%
Basic Earnings Per Share $1.44 -$0.19 $1.36 $1.17 $1.43 $0.29 $0.22
Diluted Earnings Per Share $1.43 -$0.19 $1.35 $1.16 $1.42 $0.29 $0.22 $687.0K $525.7K $388.8K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $1.478M $3.140M $4.606M $6.600M $6.600M $4.600M $6.900M $4.400M $2.200M $1.100M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment $9.236M $9.316M $8.653M $8.300M $7.400M $6.900M $6.600M $5.900M $4.200M $3.600M
YoY Change -0.86% 7.66% 4.26% 12.16% 7.25% 4.55% 11.86% 40.48% 16.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $134.9M $121.3M $135.3M $123.9M $107.4M $101.0M $102.0M $73.90M $74.10M $71.80M
YoY Change 11.23% -10.34% 9.21% 15.36% 6.34% -0.98% 38.02% -0.27% 3.2%
Other Assets $2.648M $3.297M $1.000M $300.0K $900.0K $1.400M $1.300M
YoY Change -19.69% 233.33% -66.67% -35.71% 7.69%
Total Long-Term Assets
YoY Change
Total Assets $211.0M $192.2M $200.0M $183.9M $163.0M $150.3M $152.3M $122.2M $123.4M $123.4M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $7.443M $6.072M $5.442M $3.500M $4.200M $4.500M $4.300M $4.800M $4.100M $3.700M
YoY Change 22.57% 11.58% 55.47% -16.67% -6.67% 4.65% -10.42% 17.07% 10.81%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.443M $6.072M $5.442M $3.500M $4.200M $4.500M $4.300M $4.800M $4.100M $3.700M
YoY Change 22.57% 11.58% 55.47% -16.67% -6.67% 4.65% -10.42% 17.07% 10.81%
Long-Term Debt $15.00M $15.00M $18.46M $13.50M $3.500M $3.500M $4.300M $3.800M $3.300M $2.800M
YoY Change 0.0% -18.72% 36.71% 285.71% 0.0% -18.6% 13.16% 15.15% 17.86%
Other Long-Term Liabilities $1.259M $1.103M $1.031M $1.300M $1.300M $1.300M $1.700M $2.200M $800.0K $700.0K
YoY Change 14.21% 6.97% -20.7% 0.0% 0.0% -23.53% -22.73% 175.0% 14.29%
Total Long-Term Liabilities $16.26M $16.10M $19.49M $14.80M $4.800M $4.800M $6.000M $6.000M $4.100M $3.500M
YoY Change 0.97% -17.36% 31.66% 208.33% 0.0% -20.0% 0.0% 46.34% 17.14%
Total Liabilities $144.0M $131.7M $125.3M $111.2M $96.70M $91.70M $88.20M $88.60M $93.20M $94.40M
YoY Change 9.33% 5.13% 12.68% 14.99% 5.45% 3.97% -0.45% -4.94% -1.27%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Basic Shares Outstanding 2.947M 3.032M 3.047M 3.028M 3.009M 3.120M 3.158M
Diluted Shares Outstanding 2.967M 3.032M 3.065M 3.042M 3.014M 3.121M 3.158M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $72.446 Million

About ICC Holdings, Inc.

ICC Holdings, Inc. operates as an insurance holding company. The company is headquartered in Rock Island, Illinois and currently employs 106 full-time employees. The company went IPO on 2017-03-28. The firm is primarily engaged in underwriting commercial multi-peril, liquor liability, workers’ 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 firm primarily market its products through a network of 184 independent agents in the states that the Company writes in. ICC also writes workers’ compensation and commercial umbrella policies. Its subsidiaries include ICC Realty, LLC, Beverage Insurance Agency, Inc., Estrella Innovative Solutions, Inc., and Southern Hospitality Education, LLC.

Industry: Fire, Marine & Casualty Insurance Peers: KINGSTONE COMPANIES, INC. American Coastal Insurance Corp Heritage Insurance Holdings Inc Kingsway Financial Services Inc Progressive Corp Root Inc