Positive Physicians Holdings Inc
Positive Physicians Holdings, Inc., through its subsidiary Positive Physicians Insurance Company, provides medical malpractice insurance. The company underwrites claims-made, claims-made plus, tail, and occurrence-based medical professional liability coverage for physicians, corporations, medical groups, clinics, and allied healthcare providers. It sells its medical professional liability insuran… Read more
Positive Physicians Holdings Inc (PPHI) - Net Assets
Latest net assets as of June 2022: $60.36 Million USD
Based on the latest financial reports, Positive Physicians Holdings Inc (PPHI) has net assets worth $60.36 Million USD as of June 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($154.47 Million) and total liabilities ($94.11 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 | $60.36 Million |
| % of Total Assets | 39.08% |
| Annual Growth Rate | 32.64% |
| 5-Year Change | 295.18% |
| 10-Year Change | N/A |
| Growth Volatility | 134.48 |
Positive Physicians Holdings Inc - Net Assets Trend (2016–2021)
This chart illustrates how Positive Physicians 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 Positive Physicians Holdings Inc (2016–2021)
The table below shows the annual net assets of Positive Physicians Holdings Inc from 2016 to 2021.
| Year | Net Assets | Change |
|---|---|---|
| 2021-12-31 | $69.28 Million | -6.64% |
| 2020-12-31 | $74.21 Million | +1.38% |
| 2019-12-31 | $73.19 Million | +334.73% |
| 2018-12-31 | $16.84 Million | -3.97% |
| 2017-12-31 | $17.53 Million | +3.86% |
| 2016-12-31 | $16.88 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Positive Physicians 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 61.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2021)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $18.36 Million | 26.51% |
| Common Stock | $36.16K | 0.05% |
| Other Comprehensive Income | $1.24 Million | 1.79% |
| Other Components | $49.64 Million | 71.65% |
| Total Equity | $69.28 Million | 100.00% |
Positive Physicians Holdings Inc Competitors by Market Cap
The table below lists competitors of Positive Physicians Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
YATRA ONLINE DL-0001
F:26Y
|
$23.51 Million |
|
CAVATINA HOLDING ZY - 13
F:75U
|
$23.51 Million |
|
IGLOO SECURITY Inc
KQ:067920
|
$23.52 Million |
|
Compania Hoteliera InterContinental Romania SA
RO:RCHI
|
$23.52 Million |
|
Ak Holdings
KO:006840
|
$23.50 Million |
|
Numulae Gestion de Servicios SOCIMI SA
MC:YNUM
|
$23.49 Million |
|
Poh Huat Resources Holdings
KLSE:7088
|
$23.49 Million |
|
Prakash Pipes Limited
NSE:PPL
|
$23.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Positive Physicians Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2020 to 2021, total equity changed from 74,206,052 to 69,282,309, a change of -4,923,743 (-6.6%).
- Net loss of 2,520,277 reduced equity.
- Other comprehensive income decreased equity by 2,504,679.
Equity Change Factors (2020 to 2021)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.52 Million | -3.64% |
| Other Comprehensive Income | $-2.50 Million | -3.62% |
| Other Changes | $101.21K | +0.15% |
| Total Change | $- | -6.64% |
Book Value vs Market Value Analysis
This analysis compares Positive Physicians 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: 0.36x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.97x to 0.36x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $3.49 | $6.90 | x |
| 2017-12-31 | $3.63 | $6.90 | x |
| 2018-12-31 | $3.49 | $6.90 | x |
| 2019-12-31 | $20.24 | $6.90 | x |
| 2020-12-31 | $20.52 | $6.90 | x |
| 2021-12-31 | $19.16 | $6.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Positive Physicians 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): -3.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -11.28%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 2.33x
- Recent ROE (-3.64%) is above the historical average (-5.46%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 4.89% | 8.44% | 0.15x | 3.80x | $-862.86K |
| 2017 | -0.12% | -0.16% | 0.20x | 3.83x | $-1.77 Million |
| 2018 | -31.90% | -21.81% | 0.39x | 3.78x | $-7.06 Million |
| 2019 | -0.33% | -0.85% | 0.18x | 2.14x | $-7.56 Million |
| 2020 | -1.63% | -6.00% | 0.13x | 2.14x | $-8.63 Million |
| 2021 | -3.64% | -11.28% | 0.14x | 2.33x | $-9.45 Million |
Industry Comparison
This section compares Positive Physicians 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 |
|---|---|---|---|---|
| Positive Physicians Holdings Inc (PPHI) | $60.36 Million | 4.89% | 1.56x | $23.50 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 |