Illinois Casualty Co. Profit Down 74% for 2017

Net earnings dropped by 63% in the fourth quarter, to $452,000, at ICC Holdings Inc., the parent company of Illinois Casualty Co. For the full year, net earnings fell to $717,000, a 74% decrease from $2.81 million for full year 2016. Direct premium written grew by 10.8%, to $13.1 million, in the fourth quarter and by 5.2%, to $53.7 million, for the full year. The company's combined ratio was 104.5% for the fourth quarter and 104.7% for the full year, compared to 88.7% and 94.3% for the respective prior-year periods. Illinois Casualty Co. is a regional, multi-line property and casualty ...