Protective Insurance Corporation (PTVCA) financial statements (2021 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:601575964766864
Cash and cash equivalents681646563746559
Short-term investments87366012235
Other undisclosed cash, cash equivalents, and short-term investments(881)(667)(7)    
Prepaid expense665332 
Prepaid expense and other current assets1
Total current assets:661636467797065
Noncurrent Assets
Operating lease, right-of-use asset0
Property, plant and equipment43474747464436
Long-term investments and receivables23557176120128109
Long-term investments23557176120128109
Deferred income tax assets2
Total noncurrent assets:68102118124167172145
Other undisclosed assets1,5011,2251,175963840902862
TOTAL ASSETS:1,6341,4901,3571,1541,0861,1441,072
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt20202020202010
Total current liabilities:20202020202010
Noncurrent Liabilities
Other undisclosed liabilities1,2501,114918730671725681
Total liabilities:1,2701,134938750691745691
Stockholders' equity
Stockholders' equity attributable to parent, including:364356419404394399382
Additional paid in capital53555554535251
Accumulated other comprehensive income (loss)9(7)4633385250
Retained earnings301308317316303295280
Other undisclosed stockholders' equity attributable to parent1111111
Total stockholders' equity:364356419404394399382
TOTAL LIABILITIES AND EQUITY:1,6341,4901,3571,1541,0861,1441,072

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues496439371319280292291
Premiums earned, net447433
Financial services revenue328276269268259
Cost of revenue(430)(424)(318)(238)(156)(208)(151)
Policyholder benefits and claims incurred, net(348)(346)
Deferred policy acquisition costs, amortization expense(82)(78)(71)(52) (49)47
Financial services costs(248)(186)(156)(160)(151)
Gross profit:6515538112584140
Operating expenses(23)(32)(29)(30)(27)(25)(23)
Operating income (loss):43(17)24519858117
Nonoperating income
(Investment Income, Nonoperating)
   14122533
Other undisclosed loss from continuing operations before equity method investments, income taxes   (23)(76)(39)(95)
Income (loss) from continuing operations before equity method investments, income taxes:43(17)2443344455
Income (loss) from equity method investments   2(2)78
Other undisclosed loss from continuing operations before income taxes(34)(27)(14)   (25)
Income (loss) from continuing operations before income taxes:9(44)1046325238
Income tax expense (benefit)(1)108(14)(11)(15)(18)
Net income (loss):7(34)1831223720
Other undisclosed net income (loss) attributable to parent   (2)2(7)17
Net income (loss) available to common stockholders, diluted:7(34)1829233037

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):7(34)1831223720
Other comprehensive income (loss)15(10)179(14)213
Other undisclosed comprehensive income (loss)22(4)(16)2(7)17
Comprehensive income (loss), net of tax, attributable to parent:24(42)312493150

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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