1347 Property Insurance

OverviewSuggest Edit

1347 Property Insurance Holdings, Inc. is a property and casualty insurance holding company incorporated in Delaware. The Company’s insurance offerings currently include homeowners’ insurance, manufactured home insurance and dwelling fire insurance. 

TypePublic
Founded2012
HQTampa, FL, US
Website1347pih.com

Latest Updates

Employees (est.) (Dec 2018)37(+24%)
Revenue (FY, 2020)($17.2 M)(-406%)
Share Price (Feb 2021)$5.7(+20%)
Cybersecurity ratingAMore
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Key People/Management at 1347 Property Insurance

John S. Hill

John S. Hill

Executive Vice President, Chief Financial Officer & Secretary
Larry Gene Swets

Larry Gene Swets

Interim Chief Executive Officer
Brian D. Bottjer

Brian D. Bottjer

Senior Vice President & Controller
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1347 Property Insurance Office Locations

1347 Property Insurance has an office in Tampa
Tampa, FL, US (HQ)
1511 N Westshore Blvd #870
Show all (1)

1347 Property Insurance Financials and Metrics

1347 Property Insurance Revenue

1347 Property Insurance's revenue was reported to be ($17.16 m) in FY, 2020
USD

Revenue (Q1, 2021)

2.1m

Net income (Q1, 2021)

33.0k

Market capitalization (17-Feb-2021)

14.8m

Closing stock price (17-Feb-2021)

5.7

Cash (31-Mar-2021)

8.8m
1347 Property Insurance's current market capitalization is $14.8 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

19.0m27.1m32.3m38.1m58.2m5.6m(17.2m)

Cost of goods sold

3.6m9.9m16.4m15.9m27.4m

Gross profit

15.4m17.2m15.9m22.2m30.8m

Gross profit Margin, %

81%63%49%58%53%
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

4.2m4.8m4.5m6.4m6.5m6.7m8.6m7.9m7.6m8.7m8.9m9.4m13.5m14.3m14.4m17.4m277.0k523.0k(8.7m)(546.0k)(7.7m)2.1m

Cost of goods sold

629.0k3.0m3.3m6.6m1.8m6.4m3.6m2.4m7.8m4.3m6.9m8.7m9.3m11.4m12.3m

Gross profit

5.8m3.5m3.4m2.0m6.1m1.2m5.1m6.5m1.6m9.3m7.4m5.8m8.1m(11.2m)(11.7m)

Gross profit Margin, %

90%53%50%23%77%16%58%73%17%69%52%40%47%(4032%)(2242%)
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

53.6m48.0m43.0m23.6m30.9m28.5m12.1m

Accounts Receivable

26.0m

Inventories

28.4m

PP&E

237.0k234.0k250.0k205.0k315.0k
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

18.3m56.9m54.5m53.7m52.5m50.5m44.6m45.6m38.9m37.1m35.1m25.7m36.0m30.7m30.0m26.3m2.3m1.8m27.7m25.6m15.2m8.8m

Accounts Receivable

15.9m

PP&E

232.0k223.0k212.0k263.0k281.0k266.0k244.0k226.0k213.0k432.0k381.0k343.0k286.0k

Goodwill

211.0k211.0k211.0k
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

3.6m(1.7m)11.0k294.0k804.0k311.0k(22.5m)

Depreciation and Amortization

26.0k53.0k67.0k73.0k157.0k

Accounts Payable

331.0k79.0k

Cash From Operating Activities

12.9m5.4m3.4m7.5m24.8m(20.6m)(11.3m)
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

1.7m2.3m3.0m(2.0m)(2.1m)(2.3m)(1.1m)225.0k(1.6m)246.0k1.2m(1.1m)2.0m2.1m(28.0k)98.0k(4.4m)(8.0m)(8.3m)(10.9m)(20.5m)34.0k

Depreciation and Amortization

13.0k26.0k39.0k15.0k31.0k49.0k18.0k38.0k55.0k57.0k58.0k91.0k33.0k31.0k

Accounts Payable

394.0k451.0k30.0k(63.0k)129.0k(19.0k)

Cash From Operating Activities

4.6m9.1m8.3m1.0m3.7m4.8m(773.0k)3.7m1.7m1.1m7.7m3.8m10.9m16.2m21.5m1.7m19.0k(6.2m)(491.0k)(2.3m)(4.5m)(3.6m)
USDQ1, 2014

Financial Leverage

1.6 x
Show all financial metrics

1347 Property Insurance Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

SecurityScorecard logo

1347 Property Insurance Online and Social Media Presence

Embed Graph

1347 Property Insurance News and Updates

FedNat Completes Acquisition of Homeowners Insurance Operations of 1347 Property Insurance Holdings, Inc.

SUNRISE, Fla., Dec. 02, 2019 (GLOBE NEWSWIRE) -- FedNat Holding Company (NASDAQ: FNHC) (“FedNat” or the “Company”), an insurance holding company, today announced the successful completion of its acquisition of the homeowners insurance operations of 1347 Property Insurance Holdings, Inc. (NASDAQ: P…

FedNat Holding Company to Acquire Homeowners Insurance Operations of 1347 Property Insurance Holdings, Inc.

Transaction to Expand FedNat’s Non-Florida Homeowners Book; Expected to Be Accretive to 2019 Earnings per Share Transaction to Expand FedNat’s Non-Florida Homeowners Book; Expected to Be Accretive to 2019 Earnings per Share

1347 Property Insurance Frequently Asked Questions

  • When was 1347 Property Insurance founded?

    1347 Property Insurance was founded in 2012.

  • Who are 1347 Property Insurance key executives?

    1347 Property Insurance's key executives are John S. Hill, Larry Gene Swets and Brian D. Bottjer.

  • How many employees does 1347 Property Insurance have?

    1347 Property Insurance has 37 employees.

  • Who are 1347 Property Insurance competitors?

    Competitors of 1347 Property Insurance include People's Insurance Company of China, FirstRand and Old Republic.

  • Where is 1347 Property Insurance headquarters?

    1347 Property Insurance headquarters is located at 1511 N Westshore Blvd #870, Tampa.

  • Where are 1347 Property Insurance offices?

    1347 Property Insurance has an office in Tampa.

  • How many offices does 1347 Property Insurance have?

    1347 Property Insurance has 1 office.