ICC Holdings, Inc. Reports 2024 Third Quarter and Nine Months Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 04 2024
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Source: Newsfilter
Financial Performance: ICC Holdings, Inc. reported a net earnings increase to $2.05 million for Q3 2024, compared to a loss of $769,000 in Q3 2023, with total assets rising to $232.93 million and direct premiums written increasing by 12.9% year-over-year.
Operational Insights: The company experienced improvements in its loss ratios and expense ratios due to rate strengthening and operational efficiencies, while also preparing for a merger expected to close in Q4 2024.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
