1347 Property Insurance Holdings, Inc. (PIH) financial statements (2020 and earlier)

Company profile

Business Address 970 LAKE CARILLON DR.
ST. PETERSBURG, FL 33716
State of Incorp.
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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments583124434956
Cash and cash equivalents293124434854
Short-term investments2900012
Receivables1     
Total current assets:593124434956
Noncurrent Assets
Property, plant and equipment 00000
Long-term investments and receivables 7420 
Long-term investments 7420 
Intangible assets, net (including goodwill)    0 
Intangible assets, net (excluding goodwill)    0 
Total noncurrent assets: 74200
Other undisclosed assets411087463218
TOTAL ASSETS:63148114918274
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Contract with customer, liability2
Total current liabilities: 2    
Noncurrent Liabilities
Liabilities, other than long-term debt0 333 
Deferred income tax liabilities0
Financial instruments subject to mandatory redemption, settlement terms, share value, amount  333 
Other liabilities0     
Total noncurrent liabilities:0 333 
Other undisclosed liabilities08365423224
Total liabilities:18568443524
Stockholders' equity
Stockholders' equity attributable to parent, including:636347464850
Preferred stock1818    
Common stock000   
Treasury stock, value(1)(1)(1)(1)(2) 
Additional paid in capital474647474948
Accumulated other comprehensive loss (1)(0)(0)(0)(0)
Retained earnings (accumulated deficit)(0)11112
Other undisclosed stockholders' equity attributable to parent   000
Total stockholders' equity:636347464850
TOTAL LIABILITIES AND EQUITY:63148114918274

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues65838322719
Premiums earned, net 54
Net investment income621100
Financial services revenue35302618
Cost of revenue (27)(16)(16)(10)(8)
Policyholder benefits and claims incurred, net (27)
Deferred policy acquisition costs, amortization expense     (5)
Financial services costs(16)(16)(10)(4)
Gross profit:63122161711
Operating expenses(2)(58)(37)(32)(29)(13)
Operating income (loss):3(27)(14)(16)(12)(2)
Nonoperating expense
(Investment Income, Nonoperating)
     (0)
Other undisclosed income from continuing operations before equity method investments, income taxes 271616108
Income (loss) from continuing operations before income taxes:3010(2)6
Income tax expense (benefit)11(1)(0)1(2)
Other undisclosed loss from continuing operations(1)     
Income (loss) from continuing operations:2100(2)4
Loss from discontinued operations(2)     
Net income (loss) attributable to parent:0100(2)4
Preferred stock dividends and other adjustments(1)    (1)
Other undisclosed net loss available to common stockholders, basic (1)    
Net income (loss) available to common stockholders, diluted:(1)(0)00(2)3

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):0100(2)4
Other comprehensive income (loss)1(1)(0)(0)(0)(0)
Comprehensive income (loss), net of tax, attributable to parent:2000(2)4

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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