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ICC Holdings, Inc Reports 2021 First Quarter Results

Share this article Share this article ROCK ISLAND, Ill., May 11, 2021 /PRNewswire/  ICC Holdings, Inc. (NASDAQ: ICCH) (the Company), parent company of Illinois Casualty Company, a regional, multi-line property and casualty insurance company focusing exclusively on the food and beverage industry, today reported unaudited results for the three months ended March 31, 2021. FIRST QUARTER ENDED MARCH 31, 2021 – FINANCIAL RESULTS Net earnings totaled $1,162,000, or $0.38 per share, for the first quarter of 2021, compared to a net loss of $1,973,000, or $0.65 per share, for the first quarter of 2020. The first quarter s net earnings compared to the net loss for the same quarter last year was driven by strong performance in the equity investment markets. Book value per share decreased 1.4% to $21.76 at March 31, 2021 from $22.07 at December 31, 2020. This change in book value reflects a drop in our investment portfolio s fixed income security values resulting from rising interest r

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