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)

12/31/2020
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 investments, including:476015759647668
Cash and cash equivalents586816465637465
Short-term investments598736601223
Other undisclosed cash, cash equivalents, and short-term investments(70)(881)(667)(7)   
Prepaid expense12665332
Total current assets:596616364677970
Noncurrent Assets
Operating lease, right-of-use asset00
Property, plant and equipment38434747474644
Long-term investments and receivables723557176120128
Long-term investments723557176120128
Deferred income tax assets92
Total noncurrent assets:5468102118124167172
Other undisclosed assets1,6101,5011,2251,175963840902
TOTAL ASSETS:1,7231,6341,4901,3571,1541,0861,144
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1      
Taxes payable1      
Debt20202020202020
Total current liabilities:21202020202020
Noncurrent Liabilities
Other undisclosed liabilities1,3391,2501,114918730671725
Total liabilities:1,3601,2701,134938750691745
Stockholders' equity
Stockholders' equity attributable to parent, including:363364356419404394399
Additional paid in capital55535555545352
Accumulated other comprehensive income (loss)229(7)46333852
Retained earnings286301308317316303295
Other undisclosed stockholders' equity attributable to parent1111111
Total stockholders' equity:363364356419404394399
TOTAL LIABILITIES AND EQUITY:1,7231,6341,4901,3571,1541,0861,144

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
Revenues469496439371319280292
Premiums earned, net446447433
Financial services revenue328276269268
Cost of revenue(399)(430)(424)(318)(238)(156)(208)
Policyholder benefits and claims incurred, net(319)(348)(346)
Deferred policy acquisition costs, amortization expense(80)(82)(78)(71)(52) (49)
Financial services costs(248)(186)(156)(160)
Gross profit:706515538112584
Operating expenses(22)(23)(32)(29)(30)(27)(25)
Operating income (loss):4843(17)24519858
Nonoperating income
(Investment Income, Nonoperating)
    141225
Other undisclosed loss from continuing operations before equity method investments, income taxes    (23)(76)(39)
Income (loss) from continuing operations before equity method investments, income taxes:4843(17)24433444
Income (loss) from equity method investments    2(2)7
Other undisclosed loss from continuing operations before income taxes(41)(34)(27)(14)   
Income (loss) from continuing operations before income taxes:69(44)10463252
Income tax expense (benefit)(2)(1)108(14)(11)(15)
Net income (loss):47(34)18312237
Other undisclosed net income (loss) attributable to parent    (2)2(7)
Net income (loss) available to common stockholders, diluted:47(34)18292330

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):47(34)18312237
Other comprehensive income (loss)1015(10)179(14)2
Other undisclosed comprehensive income (loss)322(4)(16)2(7)
Comprehensive income (loss), net of tax, attributable to parent:1724(42)3124931

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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