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ICC Holdings (ICC Holdings) EBIT : $6.56 Mil (TTM As of Mar. 2024)


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What is ICC Holdings EBIT?

ICC Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $2.88 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $6.56 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ICC Holdings's annualized ROC % for the quarter that ended in Mar. 2024 was 4.48%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ICC Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 11.26%.


ICC Holdings EBIT Historical Data

The historical data trend for ICC Holdings's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ICC Holdings EBIT Chart

ICC Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.21 4.79 5.19 -0.53 5.71

ICC Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.03 0.79 -0.92 3.81 2.88

Competitive Comparison of ICC Holdings's EBIT

For the Insurance - Specialty subindustry, ICC Holdings's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ICC Holdings's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, ICC Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where ICC Holdings's EV-to-EBIT falls into.



ICC Holdings EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $6.56 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


ICC Holdings  (NAS:ICCH) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

ICC Holdings's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=11.524 * ( 1 - 21.02% )/( (202.10935 + 204.1131)/ 2 )
=9.1016552/203.111225
=4.48 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=211.017 - 8.575 - ( 1.478 - 5% * 22.907 )
=202.10935

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=216.433 - 6.447 - ( 7.027 - 5% * 23.082 )
=204.1131

Note: The EBIT data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

ICC Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=6.558/58.261
=11.26 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


ICC Holdings EBIT Related Terms

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ICC Holdings (ICC Holdings) Business Description

Traded in Other Exchanges
N/A
Address
225 20th Street, Rock Island, IL, USA, 61201
ICC Holdings Inc is a specialty insurance carrier primarily underwriting commercial multi-peril, liquor liability, worker's compensation, and umbrella liability coverages for the food and beverage industry. The company markets its products through a network of independent agents in Colorado, Illinois, Indiana, Iowa, Kansas, Minnesota, Missouri, Pennsylvania, Ohio, and Wisconsin.
Executives
Arron K. Sutherland officer: President and CEO 225 20TH STREET, ROCK ISLAND IL 61201
Michael R. Smith officer: Chief Financial Officer 225 20TH STREET, ROCK ISLAND IL 61201
Rock Island Investors, Llc 10 percent owner 1230 PEACHTREE STREET NE, SUITE 3500, ATLANTA GA 30309
John R. Klockau director, Board of Directors 225 20TH STREET, ROCK ISLAND IL 61201
Norman D. Schmeichel officer: VP Chief Information Officer 225 20TH STREET, ROCK ISLAND IL 61201
Employee Stock Ownership Trust Icc Holdings, Inc. 10 percent owner 225 20TH STREET, ROCK ISLAND IL 61201
Julia B. Suiter officer: Chief Legal Officer 225 20TH STREET, ROCK ISLAND IL 61201
Howard J. Beck officer: Chief Underwriting Officer 225 20TH STREET, ROCK ISLAND IL 61201
Rickey Plunkett officer: Director of Claims 225 20TH STREET, ROCK ISLAND IL 61201
Richard Kevin Clinton director 225 20TH STREET, ROCK ISLAND IL 61201
Marilyn J. Clinton 10 percent owner 225 20TH STREET, ROCK ISLAND IL 61201
Joel K Heriford director, Board of Directors 702 E. OSBORN RD., SUITE 200, PHOENIX AZ 85014
James R. Dingman director, Board of Directors 225 20TH STREET, ROCK ISLAND IL 61201
Gerald J. Pepping director, Board of Directors 225 20TH STREET, ROCK ISLAND IL 61201
Mark J. Schwab director, Board of Directors 225 20TH STREET, ROCK ISLAND IL 61201