Company Information

  

Address: 1511 N. WESTSHORE BLVD., SUITE 870  
City: TAMPA 
State: FL 
Zip Code: 33607 
Telephone: 877-864-4934 

Description of Business

Primary SIC Code: 6331
(As filed with the SEC)  

1347 Property Insurance Holdings, Inc. ("PIH", the "Company", "we", or "us") is an insurance holding company specialized in providing personal property insurance in coastal markets including those in Louisiana, Texas and Florida. These markets are characterized as regions where larger, national insurers have reduced their market share in favor of other, less catastrophe exposed markets. These markets are also characterized by state-administered residual insurers controlling large market shares. These unique markets can trace their roots to Hurricane Andrew, after which larger national carriers limited their capital allocation and approaches to property risk aggregation. These trends accelerated again after back to back exceptionally active hurricane seasons in 2004 and 2005. However, the decade following Hurricane Katrina in 2005, had relatively few losses arising from tropical storm activity which led to declines in reinsurance pricing and increases in its availability.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/2019-0.41NAN/E
12/2018-0.05NAN/E
09/20180.10NA67.00
06/20180.12NA59.17
03/20180.33NA21.67
12/20170.05NA145.00
09/20170.08NA96.22
06/20170.16NA49.84

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2018 Leverage 2018
Net Inc/Comm Equity0.02Total Liab/Total Assets0.58
Net Inc/Total Assets0.01Total Liab/Inv Cap0.58
Net Inc/Inv Cap0.01Total Liab/Comm Equity1.88
Pretax Inc/Net Sales0.00Interest Coverage RatioNA
Net Inc/Net Sales0.01Curr Debt/EquityNA
Cash Flow/Net Sales0.43LTD/Equity0.15
SG&A/NetSales0.23Total Debt/Equity0.15
Asset Utilization   Liquidity  
Net Receivables Turnover2.48Quick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&E184.83  

Income Statement (Millions)

  3/31/2019 12/31/2018 9/30/2018 6/30/2018
Total Revenues(Net Sales) 17.39 15.98 14.42 14.28
Cost of Goods Sold 13.55 12.11 12.59 10.48
Selling & Admin Exps 3.70 3.56 3.52 3.47
Operating Income 0.15 0.31 -2.69 0.34
Interest Exp NA NA NA NA
Pretax Income 0.15 0.31 -2.69 0.34
Other Income NA NA NA NA
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 0.10 0.83 -2.11 0.14

Balance Sheet (Millions)

Assets 3/31/2019 12/31/2018 9/30/2018 6/30/2018
Cash & Short Term Investments 33.46 31.38 30.72 31.96
Receivables - Total 27.89 21.56 21.42 23.94
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment 0.29 0.32 0.34 0.38
Total Assets 156.26 147.92 144.47 141.45
Liabilities        
Accounts Payable 12.55 12.26 15.43 14.24
Debt in Current Liabilities NA NA NA NA
Total Current Liabilities NA NA NA NA
Long-Term Debt 9.41 9.66 9.79 9.50
Total Liabilities 92.79 85.18 82.79 77.27
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 17.50 17.50 17.50 17.50
Common Stock 0.01 0.01 0.01 0.01
Retained Earnings 0.50 0.64 0.16 2.62
Treasury Stock -1.01 -1.01 -1.01 -1.01
Total Stockholders' Equity 63.47 62.75 61.68 64.18
Total Liabilities and Stockholders' Equity 156.26 147.92 144.47 141.45

Cash Flow Summary (Millions)

Categories 3/31/2019 12/31/2018 9/30/2018 6/30/2018
Net Cash Provided by Operating Activities 1.72 3.30 5.31 5.33
Net Cash Provided by Investing Activities -5.97 -2.06 -5.62 -10.20
Net Cash Provided by Financing Activities -0.36 -0.36 -0.36 -0.42

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/201418.963.650.71
12/201527.13-1.670.27
12/201632.260.010.00
12/201738.150.290.05
12/201858.220.80-0.05
Growth Rates32.37----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional03/31/19182,34238.96




Report Date : 6/17/2019

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