ICC Holdings Inc
ICC Holdings, Inc., together with its subsidiaries, provides property and casualty insurance products to the food and beverage industry in the United States. It offers commercial multi-peril, liquor liability, workers' compensation, and umbrella liability insurance products. The company markets its products through independent agents in Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Michigan… Read more
ICC Holdings Inc (ICCH) - Net Assets
Latest net assets as of December 2024: $71.75 Million USD
Based on the latest financial reports, ICC Holdings Inc (ICCH) has net assets worth $71.75 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($235.36 Million) and total liabilities ($163.61 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $71.75 Million |
| % of Total Assets | 30.48% |
| Annual Growth Rate | 9.74% |
| 5-Year Change | 1.0% |
| 10-Year Change | N/A |
| Growth Volatility | 29.35 |
ICC Holdings Inc - Net Assets Trend (2014–2023)
This chart illustrates how ICC Holdings Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for ICC Holdings Inc (2014–2023)
The table below shows the annual net assets of ICC Holdings Inc from 2014 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $67.00 Million | +10.66% |
| 2022-12-31 | $60.55 Million | -19.10% |
| 2021-12-31 | $74.85 Million | +2.90% |
| 2020-12-31 | $72.74 Million | +9.65% |
| 2019-12-31 | $66.34 Million | +13.22% |
| 2018-12-31 | $58.59 Million | -8.61% |
| 2017-12-31 | $64.11 Million | +90.80% |
| 2016-12-31 | $33.60 Million | +11.39% |
| 2015-12-31 | $30.17 Million | +3.89% |
| 2014-12-31 | $29.03 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to ICC Holdings Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 74.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $47.84 Million | 71.41% |
| Common Stock | $35.00K | 0.05% |
| Other Comprehensive Income | $-6.62 Million | -9.88% |
| Other Components | $25.75 Million | 38.42% |
| Total Equity | $67.00 Million | 100.00% |
ICC Holdings Inc Competitors by Market Cap
The table below lists competitors of ICC Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gentian Diagnostics AS
OL:GENT
|
$40.48 Million |
|
Ambika Cotton Mills Limited
NSE:AMBIKCO
|
$40.48 Million |
|
Hong Leong Capital Bhd
KLSE:5274
|
$40.48 Million |
|
Payton Planar Magnetics Ltd
BR:PAY
|
$40.49 Million |
|
Vistin Pharma ASA
OL:VISTN
|
$40.47 Million |
|
Aprogen KIC Inc
KO:007460
|
$40.47 Million |
|
SDN Company. Ltd
KQ:099220
|
$40.47 Million |
|
CAPITAL + REGIONAL LS-01
F:XC2R
|
$40.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ICC Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 60,551,249 to 67,003,549, a change of 6,452,300 (10.7%).
- Net income of 4,256,895 contributed positively to equity growth.
- Share repurchases of 405,463 reduced equity.
- Other comprehensive income increased equity by 2,220,181.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.26 Million | +6.35% |
| Share Repurchases | $405.46K | -0.61% |
| Other Comprehensive Income | $2.22 Million | +3.31% |
| Other Changes | $380.69K | +0.57% |
| Total Change | $- | 10.66% |
Book Value vs Market Value Analysis
This analysis compares ICC Holdings Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.04x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.83x to 1.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $8.30 | $23.49 | x |
| 2015-12-31 | $8.62 | $23.49 | x |
| 2016-12-31 | $9.60 | $23.49 | x |
| 2017-12-31 | $20.30 | $23.49 | x |
| 2018-12-31 | $18.77 | $23.49 | x |
| 2019-12-31 | $22.01 | $23.49 | x |
| 2020-12-31 | $23.91 | $23.49 | x |
| 2021-12-31 | $24.42 | $23.49 | x |
| 2022-12-31 | $19.97 | $23.49 | x |
| 2023-12-31 | $22.59 | $23.49 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ICC Holdings Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.35%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.13%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 3.15x
- Recent ROE (6.35%) is above the historical average (4.60%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 5.46% | 3.98% | 0.32x | 4.25x | $-1.32 Million |
| 2015 | 7.14% | 5.15% | 0.34x | 4.09x | $-861.85K |
| 2016 | 8.36% | 6.26% | 0.37x | 3.64x | $-549.62K |
| 2017 | 1.12% | 1.49% | 0.32x | 2.38x | $-5.69 Million |
| 2018 | 1.52% | 1.75% | 0.34x | 2.56x | $-4.97 Million |
| 2019 | 6.47% | 7.21% | 0.37x | 2.46x | $-2.34 Million |
| 2020 | 4.85% | 6.43% | 0.30x | 2.53x | $-3.74 Million |
| 2021 | 5.53% | 6.74% | 0.31x | 2.67x | $-3.34 Million |
| 2022 | -0.78% | -0.68% | 0.36x | 3.18x | $-6.53 Million |
| 2023 | 6.35% | 5.13% | 0.39x | 3.15x | $-2.44 Million |
Industry Comparison
This section compares ICC Holdings Inc's net assets metrics with peer companies in the Insurance - Specialty industry.
Industry Context
- Industry: Insurance - Specialty
- Average net assets among peers: $2,519,148,457
- Average return on equity (ROE) among peers: 4.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ICC Holdings Inc (ICCH) | $71.75 Million | 5.46% | 2.28x | $40.47 Million |
| ACMAT Corporation (ACMT) | $31.30 Million | 2.22% | 0.84x | $2.73 Million |
| Enact Holdings Inc (ACT) | $4.10 Billion | 17.17% | 0.40x | $1.08 Billion |
| Assured Guaranty Ltd (AGO) | $6.55 Billion | 7.95% | 1.08x | $3.63 Billion |
| Ambac Financial Group Inc (AMBC) | $2.28 Billion | -142.47% | 9.34x | $343.48 Million |
| AMERISAFE Inc (AMSF) | $158.78 Million | 23.53% | 5.26x | $612.03 Million |
| AXIS Capital Holdings Ltd (AXS) | $5.87 Billion | 10.94% | 2.41x | $7.47 Billion |
| Beazley plc (BZLYF) | $1.50 Billion | 8.67% | 4.04x | $6.37 Billion |
| Employers Holdings Inc (EIG) | $144.61 Million | 95.15% | 20.40x | $762.61 Million |
| Essent Group Ltd (ESNT) | $4.46 Billion | 18.63% | 0.28x | $5.45 Billion |
| First Acceptance Corp (FACO) | $92.90 Million | -1.32% | 2.47x | $134.82 Million |