ICC Holdings (ICC Holdings) Retained Earnings : $50.08 Mil (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is ICC Holdings Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. ICC Holdings's retained earnings for the quarter that ended in Mar. 2024 was $50.08 Mil.

ICC Holdings's quarterly retained earnings increased from Sep. 2023 ($44.98 Mil) to Dec. 2023 ($47.84 Mil) and increased from Dec. 2023 ($47.84 Mil) to Mar. 2024 ($50.08 Mil).

ICC Holdings's annual retained earnings declined from Dec. 2021 ($44.28 Mil) to Dec. 2022 ($43.70 Mil) but then increased from Dec. 2022 ($43.70 Mil) to Dec. 2023 ($47.84 Mil).

ICC Holdings Retained Earnings Historical Data

The historical data trend for ICC Holdings's Retained Earnings 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 Retained Earnings Chart

ICC Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

Get a 7-Day Free Trial

36.61

40.14

44.28

43.70

47.84

ICC Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial															45.17	45.75	44.98	47.84	50.08

ICC Holdings Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

ICC Holdings (NAS:ICCH) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

ICC Holdings (ICC Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » ICC Holdings Inc (NAS:ICCH) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

225 20th Street, Rock Island, IL, USA, 61201

Website

https://ir.iccholdingsinc.com

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