Last $73.27 USD
Change Today -0.60 / -0.81%
Volume 10.0K
IPCC On Other Exchanges
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As of 8:10 PM 01/27/15 All times are local (Market data is delayed by at least 15 minutes).

infinity property & casualty (IPCC) Snapshot

Open
$73.50
Previous Close
$73.87
Day High
$74.18
Day Low
$72.87
52 Week High
12/31/14 - $78.20
52 Week Low
04/25/14 - $62.12
Market Cap
842.3M
Average Volume 10 Days
35.7K
EPS TTM
$3.61
Shares Outstanding
11.5M
EX-Date
12/3/14
P/E TM
20.3x
Dividend
$1.44
Dividend Yield
1.97%
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.

2,400 Employees
Last Reported Date: 02/27/14
Founded in 2002

infinity property & casualty (IPCC) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $558.8K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $312.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $406.4K
Senior Vice President of Product Management
Total Annual Compensation: $252.0K
Chief Marketing Officer and Senior Vice Presi...
Total Annual Compensation: $270.0K
Compensation as of Fiscal Year 2013.

infinity property & casualty (IPCC) Key Developments

Infinity Property and Casualty Corp. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revises Earnings Guidance for the Year 2014 and Provides Earnings Guidance for the Year 2015

Infinity Property and Casualty Corp. reported unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of USD 366.2 million compared to USD 359.1 million a year ago Earnings before income taxes were USD 21.7 million compared to USD 9.6 million a year ago. Net earnings was USD 14.9 million or USD 1.29 diluted per share compared to USD 7.2 million or USD 0.62 diluted per share a year ago. Net cash provided by operating activities was USD 33.0 million compared to USD 42.3 million a year ago. Purchases of property and equipment were USD 3.1 million compared to USD 5.9 million a year ago. Operating earnings were USD 14.2 million or USD 1.23 diluted per share compared to USD 7.3 million or USD 0.63 diluted per share a year ago. Return on equity was 8.7% against 4.5% a year ago. Operating earnings return on equity was 8.3% against 4.6% a year ago. For the nine months, the company reported total revenues of USD 1,095.7 million compared to USD 1,080.9 million a year ago. Earnings before income taxes were USD 51.5 million compared to USD 31.9 million a year ago. Net earnings was USD 35.8 million or USD 3.10 diluted per share compared to USD 23.3 million or USD 1.99 diluted per share a year ago. Net cash provided by operating activities was USD 87.7 million compared to USD 121.7 million a year ago. Purchases of property and equipment were USD 16.0 million compared to USD 15.1 million a year ago. Operating earnings were USD 33.6 million or USD 2.90 diluted per share compared to USD 20.4 million or USD 1.75 diluted per share a year ago. Return on equity was 7.1% against 4.8% a year ago. Operating earnings return on equity was 6.7% against 4.2% a year ago. Book value per share was USD 59.25 as on September 30, 2014 against USD 56.49 as on September 30, 2013. Net earnings per diluted share increased 108.1% and 55.8% in the third quarter and first nine months of 2014 compared with the third quarter and first nine months of 2013, respectively, primarily as a result of improved underwriting profitability and an increase in favorable development on prior accident year loss and loss adjustment expense (LAE) reserves. The company is increasing its operating earnings guidance for the year 2014 to USD 4.00 to USD 4.35, from USD 3.55 to USD 4.35. The operating guidance reflects USD 8.6 million, pre-tax, of favorable development on prior accident year loss and LAE reserves recognized during the first nine months of 2014, but do not include any additional loss reserve development in earnings during the fourth quarter. The current guidance assumes gross written premium growth between 2.0% and 4.0% as compared with the prior year, and an accident year combined ratio, which excludes development on prior accident period loss and loss adjustment expense reserves, of approximately 96.5%. The company's initial guidance for 2015, based on fully diluted operating earnings, is USD 4.00 to USD 4.50. The guidance assumes gross written premium growth between (2.5)% and 2.5%, as compared with 2014, and accident year combined ratio, excluding development on prior accident period loss and loss adjustment expense reserves, between 95.5% and 96.5%.

Infinity Property and Casualty Corporation Declares Quarterly Dividend, Payable on December 19, 2014

Infinity Property and Casualty Corporation announced that it declared a quarterly dividend of $0.36 per share of Infinity Property and Casualty Corporation Common Stock. The dividend is payable on December 19, 2014 to holders of record on December 5, 2014.

Infinity Property and Casualty Corp. to Report Q3, 2014 Results on Nov 06, 2014

Infinity Property and Casualty Corp. announced that they will report Q3, 2014 results at 11:00 AM, US Eastern Standard Time on Nov 06, 2014

 

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Industry Analysis

IPCC

Industry Average

Valuation IPCC Industry Range
Price/Earnings 18.9x
Price/Sales 0.6x
Price/Book 1.2x
Price/Cash Flow 18.8x
TEV/Sales 0.3x
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