Last $75.78 USD
Change Today +1.40 / 1.88%
Volume 55.8K
IPCC On Other Exchanges
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As of 8:10 PM 02/26/15 All times are local (Market data is delayed by at least 15 minutes).

infinity property & casualty (IPCC) Snapshot

Open
$74.73
Previous Close
$74.38
Day High
$80.36
Day Low
$74.73
52 Week High
02/26/15 - $80.36
52 Week Low
04/25/14 - $62.12
Market Cap
869.5M
Average Volume 10 Days
29.1K
EPS TTM
$4.72
Shares Outstanding
11.5M
EX-Date
03/11/15
P/E TM
16.1x
Dividend
$1.72
Dividend Yield
1.90%
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. Announces Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for 2015

Infinity Property and Casualty Corp. announced unaudited earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total revenues of $366.0 million compared to $362.3 million a year ago. Earnings before income taxes were $31.6 million compared to $13.2 million a year ago. Net earnings were $21.4 million or $1.85 per diluted share compared to $9.4 million or $0.81 per diluted share a year ago. Net cash provided by operating activities was $18.3 million compared to $21.5 million a year ago. Purchases of fixed maturities were $119.6 million compared to $136.1 million a year ago. Purchases of property and equipment were $2.6 million compared to $2.7 million a year ago. Underwriting income was $27.2 million compared to underwriting income of $6.1 million a year ago. Operating earnings after-tax were $20.8 million or $1.81 per diluted share compared to operating income after-tax of $8.1 million or $0.70 per diluted share a year ago. Return on equity was 12.4% compared to 5.7% a year ago. Operating earnings return on equity was 12.1% compared to operating earnings return on equity of 5.0% a year ago. For the year, the company reported total revenues of $1,461.7 million compared to $1,443.2 million a year ago. Earnings before income taxes were $83.1 million compared to $45.1 million a year ago. Net earnings were $57.2 million or $4.95 per diluted share compared to $32.6 million or $2.80 per diluted share a year ago. Net cash provided by operating activities was $106.0 million compared to $143.3 million a year ago. Purchases of fixed maturities were $516.5 million compared to $774.6 million a year ago. Purchases of property and equipment were $18.6 million compared to $17.8 million a year ago. Underwriting income was $65.0 million compared to underwriting income of $26.7 million a year ago. Operating earnings after-tax were $54.4 million or $4.71 per diluted share compared to $28.5 million or $2.45 per diluted share a year ago. Return on equity was 8.4% compared to 5.0% a year ago. Operating earnings return on equity was 8.0% compared to 4.3% a year ago. Book value per share was $60.75 compared to $57.09 a year ago. For 2015, the company is affirming its operating earnings guidance of $4.00 to $4.50.  The guidance assumes gross written premium growth between negative 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%. The company expects the effective tax rate of operating earnings for 2015 to be between 29% and 31%.

Infinity Property and Casualty Corporation Declares Quarterly Dividend, Payable on March 27, 2015

Infinity Property and Casualty Corporation announced that it declared a quarterly dividend of $0.43 per share. The annual rate of $1.72 per share represents a 19% increase over the dividend paid in 2014. The dividend is payable on March 27, 2015 to holders of record on March 13, 2015.

Infinity Property and Casualty Corp. to Report Q4, 2014 Results on Feb 26, 2015

Infinity Property and Casualty Corp. announced that they will report Q4, 2014 results at 9:00 AM, Eastern Standard Time on Feb 26, 2015

 

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Industry Analysis

IPCC

Industry Average

Valuation IPCC Industry Range
Price/Earnings 19.1x
Price/Sales 0.6x
Price/Book 1.3x
Price/Cash Flow 18.9x
TEV/Sales 0.3x
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