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Last $74.95 USD
Change Today -0.43 / -0.57%
Volume 19.3K
IPCC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 4:30 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

infinity property & casualty (IPCC) Snapshot

Open
$74.80
Previous Close
$75.38
Day High
$75.16
Day Low
$73.90
52 Week High
03/24/15 - $87.89
52 Week Low
10/2/14 - $62.19
Market Cap
853.3M
Average Volume 10 Days
45.0K
EPS TTM
$5.11
Shares Outstanding
11.4M
EX-Date
09/9/15
P/E TM
14.7x
Dividend
$1.72
Dividend Yield
2.11%
Current Stock Chart for INFINITY PROPERTY & CASUALTY (IPCC)

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infinity property & casualty (IPCC) Details

Infinity Property and Casualty Corporation, through its subsidiaries, provides personal automobile insurance with a focus on nonstandard auto insurance in the United States. It also writes standard and preferred personal auto insurance, mono-line commercial auto insurance, and classic collector automobile insurance. The company distributes its products primarily through a network of independent agencies and brokers. Infinity Property and Casualty Corporation was founded in 2002 and is headquartered in Birmingham, Alabama.

2,200 Employees
Last Reported Date: 02/26/15
Founded in 2002

infinity property & casualty (IPCC) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $571.9K
Executive Vice President, General Counsel and...
Total Annual Compensation: $417.4K
Senior Vice President of Product Management
Total Annual Compensation: $262.5K
Chief Marketing Officer and Senior Vice Presi...
Total Annual Compensation: $278.1K
Compensation as of Fiscal Year 2014.

infinity property & casualty (IPCC) Key Developments

Infinity Property and Casualty Corp. Announces Unaudited Financial Results for the Second Quarter and Six Months Ended June 30, 2015; Reaffirms Earnings Guidance for the Year 2015; Reports Impairment Charges for the Second Quarter of 2015

Infinity Property and Casualty Corp. announced unaudited financial results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $374.8 million against $368.0 million, earnings before income taxes of $19.7 million against $15.1 million, net earnings $13.5 million or $1.18 per diluted share against $10.7 million or $0.92 per diluted share, net cash provided by operating activities of $23.9 million compared to $14.4 million and purchases of property and equipment of $26.1 million compared to $7.7 million a year ago. Return on equity was 7.7% compared to 6.3% for the last year. Gross written premium were $352.5 million against $333.7 million for the same period a year ago. For the six months, the company reported the company reported total revenues of $741.7 million against $729.6 million, earnings before income taxes of $35.9 million against $29.8 million, net earnings $24.6 million or $2.14 per diluted share against $21.0 million or $1.81 per diluted share, net cash provided by operating activities of $51.4 million compared to $54.7 million and purchases of property and equipment of $28.2 million compared to $13.0 million a year ago. Return on equity was 7.0% compared to 6.3% for the last year. Gross written premium were $743.1 million against $710.9 million for the same period a year ago. Book value per share as on June 30, 2015 was $61.49 compared to $59.16 per share as on June 30, 2014. Net earnings per diluted share increased 28.3% and 18.2%, respectively, during the second quarter and first six months of 2015 compared with the same periods of 2014 primarily as a result of an increase in favorable development on prior accident year loss and loss adjustment expense reserves recognized during the first six months of 2015. The company affirmed its 2015 operating earnings guidance of $4.00 to $4.50. The company expects the effective tax rate on operating earnings for 2015 to be between 29% and 31%. For the second quarter of 2015, the company reported net impairment losses recognized in earnings of $0.2 million.

Infinity Property and Casualty Corporation Declares Quarterly Dividend Payable on September 25, 2015

Infinity Property and Casualty Corp. declared a quarterly dividend of $0.43 per share of Infinity Property and Casualty Corporation Common Stock. The dividend is payable on September 25, 2015 to holders of record on September 11, 2015.

Infinity Property and Casualty Corp. Appoints James L. Weidner as Director and to Board's Audit and Investment Committees, Effective August 4, 2015

Infinity Property and Casualty Corporation announced the appointment of James L. Weidner to its Board of Directors, effective August 4, 2015. Mr. Weidner will serve as a member of the Board's Audit and Investment Committees. Mr. Weidner recently retired from Cooperative of American Physicians after serving 20 years as Chief Executive Officer. Mr. Weidner also serves on the Board of the Chicago Sinfonietta, a symphony orchestra, and is involved with the City of Hope, a research and treatment center for cancer, diabetes and other life threatening diseases.

 

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Industry Analysis

IPCC

Industry Average

Valuation IPCC Industry Range
Price/Earnings 14.4x
Price/Sales 0.6x
Price/Book 1.2x
Price/Cash Flow 14.2x
TEV/Sales 0.3x
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