ICC Holdings Inc. (ICCH) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
225 20TH STREET ROCK ISLAND, IL 61201 |
| State of Incorp. | PA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6331 - Fire, Marine, and Casualty Insurance (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 25,464 | 31,074 | 113,534 | 8,372 | 7,504 | 4,799 | |||
| Cash and cash equivalent | 1,478 | 3,140 | 4,606 | 6,599 | 6,627 | 4,645 | |||
| Short-term investments | 23,986 | 27,934 | 108,928 | 1,773 | 878 | 154 | |||
| Receivables | 123 | 22 | 196 | 373 | 193 | 847 | |||
| Total current assets: | 25,587 | 31,096 | 113,730 | 8,745 | 7,697 | 5,646 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 3,325 | 3,314 | 3,144 | 2,860 | 3,033 | 3,333 | |||
| Intangible assets, net (including goodwill) | 1,001 | ||||||||
| Intangible assets, net (excluding goodwill) | 1,001 | ||||||||
| Deferred income tax assets | 2,648 | 3,297 | ✕ | ||||||
| Total noncurrent assets: | 6,974 | 6,610 | 3,144 | 2,860 | 3,033 | 3,333 | |||
| Other undisclosed assets | 178,456 | 154,456 | 83,128 | 172,334 | 152,273 | 141,304 | |||
| TOTAL ASSETS: | 211,017 | 192,162 | 200,002 | 183,939 | 163,004 | 150,283 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 955 | 1,231 | |||||||
| Deferred income tax liabilities | 955 | 1,231 | ✕ | ||||||
| Total noncurrent liabilities: | 955 | 1,231 | |||||||
| Other undisclosed liabilities | 144,013 | 131,721 | 124,343 | 109,964 | 96,662 | 91,690 | |||
| Total liabilities: | 144,013 | 131,721 | 125,298 | 111,196 | 96,662 | 91,690 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 67,004 | 60,441 | 74,704 | 72,744 | 66,342 | 58,593 | |||
| Common stock | 35 | 35 | 35 | 35 | 35 | 35 | |||
| Treasury stock, value | (5,710) | (5,464) | (3,155) | (3,154) | (3,147) | (3,000) | |||
| Additional paid in capital | 33,331 | 33,119 | 32,965 | 32,780 | 32,703 | 32,505 | |||
| Accumulated other comprehensive income (loss) | (6,621) | (8,842) | 2,920 | 5,520 | 2,954 | (1,581) | |||
| Retained earnings | 47,844 | 43,701 | 44,283 | 40,140 | 36,609 | 33,681 | |||
| Other undisclosed equity, attributable to parent | (1,875) | (2,109) | (2,344) | (2,578) | (2,812) | (3,047) | |||
| Total equity: | 67,004 | 60,441 | 74,704 | 72,744 | 66,342 | 58,593 | |||
| TOTAL LIABILITIES AND EQUITY: | 211,017 | 192,162 | 200,002 | 183,939 | 163,004 | 150,283 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 82,942 | 69,680 | 61,441 | 56,519 | 59,525 | 51,164 | ||
| Premiums earned, net | 75,717 | 69,057 | 53,893 | 49,689 | 52,842 | 47,117 | ||
| Cost of revenue | (76,452) | (69,429) | (55,524) | (51,091) | (53,735) | (49,477) | ||
| Policyholder benefits and claims incurred, net | (47,930) | (44,533) | (34,700) | (32,562) | (33,715) | (31,262) | ||
| Deferred policy acquisition costs, amortization expense | (28,522) | (24,896) | (20,825) | (18,529) | (20,020) | (18,215) | ||
| Gross profit: | 6,491 | 251 | 5,916 | 5,428 | 5,790 | 1,686 | ||
| Operating expenses | (784) | (777) | (723) | (642) | (580) | (546) | ||
| Operating income (loss): | 5,706 | (526) | 5,193 | 4,786 | 5,210 | 1,140 | ||
| Interest and debt expense | (184) | (196) | (235) | (208) | (129) | (141) | ||
| Income (loss) from continuing operations before income taxes: | 5,522 | (722) | 4,958 | 4,578 | 5,082 | 999 | ||
| Income tax expense (benefit) | (1,265) | 140 | (815) | (1,047) | (787) | (106) | ||
| Income (loss) from continuing operations: | 4,257 | (582) | 4,143 | 3,531 | 4,294 | 893 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 4,143 | 3,531 | 4,294 | 893 | |
| Other undisclosed net income | 0 | 0 | ||||||
| Net income (loss): | 4,257 | (582) | 4,143 | 3,531 | 4,294 | 893 | ||
| Other undisclosed net loss attributable to parent | (0) | (0) | ||||||
| Net income (loss) available to common stockholders, diluted: | 4,257 | (582) | 4,143 | 3,531 | 4,294 | 893 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 4,257 | (582) | 4,143 | 3,531 | 4,294 | 893 | ||
| Other comprehensive income (loss) | (590) | (2,600) | 2,566 | 3,169 | (3,808) | |||
| Comprehensive income (loss): | 3,667 | (582) | 1,543 | 6,098 | 7,463 | (2,915) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 2,810 | (11,762) | (0) | (0) | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | 6,477 | (12,343) | 1,543 | 6,098 | 7,463 | (2,915) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.