1347 Property Insurance Holdings, Inc. (PIH) financial statements (2021 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)

12/31/2020
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 investments21583124434956
Cash and cash equivalents12293124434854
Short-term investments92900012
Receivables21     
Total current assets:22593124434956
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 assets12411087463218
TOTAL ASSETS:3563148114918274
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Contract with customer, liability2
Total current liabilities:  2    
Noncurrent Liabilities
Liabilities, other than long-term debt00 333 
Deferred income tax liabilities 0
Financial instruments subject to mandatory redemption, settlement terms, share value, amount   333 
Other liabilities00     
Total noncurrent liabilities:00 333 
Other undisclosed liabilities008365423224
Total liabilities:118568443524
Stockholders' equity
Stockholders' equity attributable to parent, including:34636347464850
Preferred stock181818    
Common stock0000   
Treasury stock, value(6)(1)(1)(1)(1)(2) 
Additional paid in capital47474647474948
Accumulated other comprehensive loss  (1)(0)(0)(0)(0)
Retained earnings (accumulated deficit)(24)(0)11112
Other undisclosed stockholders' equity attributable to parent    000
Total stockholders' equity:34636347464850
TOTAL LIABILITIES AND EQUITY:3563148114918274

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 65838322719
Premiums earned, net  54
Net investment income(17)621100
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(6)(2)(58)(37)(32)(29)(13)
Operating income (loss):(23)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:(23)3010(2)6
Income tax expense (benefit)111(1)(0)1(2)
Other undisclosed loss from continuing operations (1)     
Income (loss) from continuing operations:(22)2100(2)4
Loss from discontinued operations (2)     
Net income (loss) attributable to parent:(22)0100(2)4
Preferred stock dividends and other adjustments(1)(1)    (1)
Other undisclosed net loss available to common stockholders, basic  (1)    
Net income (loss) available to common stockholders, diluted:(24)(1)(0)00(2)3

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(22)0100(2)4
Other comprehensive income (loss) 1(1)(0)(0)(0)(0)
Comprehensive income (loss), net of tax, attributable to parent:(22)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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