earnings
confidence high
sentiment positive
materiality 0.70
ICC Holdings Q1 2024 net earnings $0.76/shr vs $0.54; premiums written up 14%
ICC Holdings, Inc.
2024-Q1 EPS reported
$0.75
revenue$23,082,107
- Net earnings of $2.24M ($0.76/share) vs $1.58M ($0.54) in Q1 2023, up 42%.
- Direct premiums written +14% to $23.74M; net premiums earned +13.6% to $20.22M.
- Book value per share rose to $21.88 from $21.35 at Dec 31, 2023.
- GAAP combined ratio 98.9% (up from 97.8%); losses ratio improved to 61.0%.
- Net investment income up 19.1% to $1.44M on higher portfolio yields.