Protective Insurance Corporation (PTVCA) Reports Q4 EPS of $0.26 on Revenues of $124.44M

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Go back to Protective Insurance Corporation (PTVCA) Reports Q4 EPS of $0.26 on Revenues of $124.44M

Protective Insurance Corporation Announces Fourth Quarter and Full Year Results

February 25, 2020 5:00 PM EST

CARMEL, Ind., Feb. 25, 2020 (GLOBE NEWSWIRE) -- Protective Insurance Corporation (NASDAQ: PTVCA, PTVCB) today reported results for the fourth quarter and twelve months of 2019. 

Net income was $3.8 million for the fourth quarter of 2019 and $7.3 million for full year 2019.  Book value per share was $25.51, up $1.56 per share or 6.5% from December 31, 2018. Total value creation for 2019 was 8.2% including dividends of $0.40 per share paid to shareholders.The reported combined ratio was 105.8% for the fourth quarter of 2019 which was an improvement over the 112.2% combined ratio for the prior year period. The combined ratio improved... More