1347 Property (PIH) Reports Q2 EPS of $0.22
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1347 Property Insurance Holdings, Inc. Announces 2016 Second Quarter Financial Results
August 11, 2016 4:05 PM EDTQ2 2016 Net Income of $1.3 million, or $0.22 per diluted share
Conference Call Scheduled For August 12, 2016 at 10:00 a.m. ET
Second Quarter 2016 Financial and Operating Highlights
(unless noted all financial comparisons are to the prior-year quarter)
Gross premiums written increased 20.8% to $14.7 million from $12.2 million. Net premiums earned increased 20.2% to $7.5 million from $6.3 million. Net combined ratio was 76.4%; compared with 106.9% in the prior year quarter. Net income was approximately $1.3 million, or $0.22 per diluted share, compared to net loss of $(0.1) million, or... More