Protective Insurance Corporation (PTVCA) financial statements (2022 and earlier)

Company profile

Business Address 111 CONGRESSIONAL BLVD
CARMEL, IN 46032
State of Incorp. IN
Fiscal Year End December 31
SIC 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

3/31/2021
Q3
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:1644799296790760917
Cash and cash equivalents965890108896886
Short-term investments6859901859818873832
Other undisclosed cash, cash equivalents, and short-term investments (70)   (881) 
Prepaid expense 12   6 
Total current assets:1645999296790766917
Noncurrent Assets
Operating lease, right-of-use asset 0   0 
Property, plant and equipment 38   43 
Long-term investments and receivables777782323
Long-term investments777782323
Deferred income tax assets11966112 
Total noncurrent assets:18541313196823
Other undisclosed assets1,5811,6106406206261,501657
TOTAL ASSETS:1,7631,7231,6451,6001,5521,6341,597
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities41     
Taxes payable41     
Debt20202020202020
Total current liabilities:24212020202020
Noncurrent Liabilities
Other undisclosed liabilities1,3721,3391,2801,2441,2271,2501,213
Total liabilities:1,3961,3601,3001,2641,2471,2701,233
Stockholders' equity
Stockholders' equity attributable to parent, including:367363345336305364363
Additional paid in capital56555454535354
Accumulated other comprehensive income (loss)1322148(12)910
Retained earnings298286276274264301300
Other undisclosed stockholders' equity attributable to parent1111111
Total stockholders' equity:367363345336305364363
TOTAL LIABILITIES AND EQUITY:1,7631,7231,6451,6001,5521,6341,597

Income statement (P&L) ($ in millions)

3/31/2021
Q3
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
Revenues14113612511791124120
Premiums earned, net12312011898110111110
Cost of revenue(82)(164)(85)(68)(82)(168)(85)
Policyholder benefits and claims incurred, net(82) (85)(68)(82) (85)
Gross profit:58(28)40489(43)35
Operating expenses(42)83(37)(34)(34)82(36)
Operating income (loss):1655314(25)38(1)
Income (loss) from continuing operations before equity method investments, income taxes:1655314(25)38(1)
Other undisclosed loss from continuing operations before income taxes (41)   (34) 
Income (loss) from continuing operations before income taxes:1614314(25)4(1)
Income tax expense (benefit)(3)(2)(0)(3)3(0)0
Net income (loss) available to common stockholders, diluted:1312311(22)4(1)

Comprehensive Income ($ in millions)

3/31/2021
Q3
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
Net income (loss):1312311(22)4(1)
Other undisclosed comprehensive income (loss)(9)8620(22)(0)1
Comprehensive income (loss), net of tax, attributable to parent:4201031(44)41

Statements sources

The financial statements are based on the company's filings with the 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.

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