ICC Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 07, 2023 at 10:29 pm
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ICC Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 20.65 million compared to USD 14.8 million a year ago. Net income was USD 0.586489 million compared to net loss of USD 4.13 million a year ago. Basic earnings per share from continuing operations was USD 0.2 compared to basic loss per share from continuing operations of USD 1.35 a year ago. Diluted earnings per share from continuing operations was USD 0.2.
For the six months, revenue was USD 40.27 million compared to USD 30.81 million a year ago. Net income was USD 2.17 million compared to net loss of USD 4.29 million a year ago. Basic earnings per share from continuing operations was USD 0.74 compared to basic loss per share from continuing operations of USD 1.4 a year ago. Diluted earnings per share from continuing operations was USD 0.73 compared to diluted loss per share from continuing operations of USD 1.4 a year ago.
ICC Holdings, Inc. is a specialty insurance carrier company. The Company is primarily engaged in underwriting commercial multi-peril, liquor liability, workersâ compensation, and umbrella liability coverages for the food and beverage industry through its subsidiary insurance company, Illinois Casualty Company (ICC). ICC writes business in Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Ohio, Pennsylvania, Utah, and Wisconsin and markets through independent agents. The Company primarily market its products through a network of 184 independent agents in the states that the Company writes in. ICC also writes workersâ compensation and commercial umbrella policies. Its subsidiaries include ICC Realty, LLC, Beverage Insurance Agency, Inc., Estrella Innovative Solutions, Inc., and Southern Hospitality Education, LLC.
ICC HOLDINGS, INC. 
