OverviewSuggest Edit

Protective Insurance (formerly known as Baldwin & Lyons) specializes in marketing and underwriting insurance for the transportation industry. The Company, through its subsidiaries, provides liability and workers’ compensation coverage for trucking and public transportation fleets, along with trucking industry independent contractors. Its subsidiaries also offer worker’s compensation coverage for a variety of classes outside the transportation industry.

TypePublic
Founded1930
HQCarmel, US
Websiteprotectiveinsurance.com
Employee Ratings2.8

Latest Updates

Employees (est.) (Dec 2019)500(-6%)
Job Openings23
Revenue (FY, 2019)$495.6 M(+13%)
Share Price (Nov 2020)$14.2 (+4%)
Cybersecurity ratingBMore

Key People/Management at Protective Insurance

Jeremy D. Edgecliffe-Johnson

Jeremy D. Edgecliffe-Johnson

Chief Executive Officer
John R. Barnett

John R. Barnett

Chief Financial Officer
Jeremy F. Goldstein

Jeremy F. Goldstein

Executive Vice President of Claims
Patrick S. Schmiedt

Patrick S. Schmiedt

Chief Underwriting Officer
Matthew A. Thompson

Matthew A. Thompson

Executive Vice President of Sales & Marketing
John D. Nichols

John D. Nichols

Chairman
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Protective Insurance Office Locations

Protective Insurance has offices in Carmel and Indianapolis
Carmel, US (HQ)
111 Congressional Blvd #500
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Protective Insurance Financials and Metrics

Protective Insurance Revenue

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Protective Insurance's revenue was reported to be $495.60 m in FY, 2019
USD

Revenue (Q3, 2020)

125.0m

Gross profit (Q3, 2020)

40.3m

Gross profit margin (Q3, 2020), %

32.2%

Net income (Q3, 2020)

3.3m

Market capitalization (13-Nov-2020)

195.9m

Closing stock price (13-Nov-2020)

14.2

Cash (30-Sept-2020)

90.4m

EV

125.4m
Protective Insurance's current market capitalization is $195.9 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

89.7m71.5m59.3m64.6m73.5m63.0m64.7m164.0m67.9m

Accounts Receivable

87.6m103.0m

Inventories

689.8m

PP&E

13.0m12.3m36.3m43.8m46.1m47.3m46.6m42.5m
Quarterly
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(28.2m)31.9m36.6m29.7m23.3m28.9m18.3m(34.1m)7.3m

Depreciation and Amortization

4.3m4.6m4.3m4.8m5.0m5.5m5.8m6.1m6.1m

Cash From Operating Activities

54.3m55.8m35.9m30.2m38.2m32.4m93.7m100.7m86.7m

Purchases of PP&E

(3.5m)(4.1m)(28.6m)(13.5m)(7.7m)(7.7m)(6.7m)(5.4m)(2.0m)
USDQ2, 2011

Financial Leverage

2.6 x
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Protective Insurance Operating Metrics

Protective Insurance's Reported Claims, units was reported to be 8.7 k in FY, 2016.
FY, 2014FY, 2015FY, 2016

Reported Claims, units

8.64 k9.31 k8.71 k
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Protective Insurance Revenue Breakdown

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Protective Insurance revenue breakdown by business segment: 98.2% from Property and Casualty Insurance and 1.8% from Other

Protective Insurance Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

Protective Insurance Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Protective Insurance Online and Social Media Presence

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Protective Insurance News and Updates

Protective Insurance launches digital safety marketplace

CARMEL, Ind., Nov. 19, 2020 (GLOBE NEWSWIRE) -- Protective Insurance has launched the Protective Marketplace, a unique platform providing top safety and risk management resources all in one place. The Protective Marketplace can be reached at marketplace.protectiveinsurance.com.

Protective Insurance Corporation Announces Third Quarter 2020 Earnings Release Date and Conference Call

CARMEL, Ind., Sept. 23, 2020 (GLOBE NEWSWIRE) -- Protective Insurance Corporation (NASDAQ: PTVCA, PTVCB), today announced that management has scheduled its quarterly conference call for Wednesday, November 4, 2020, at 11:00 AM ET (New York time) to discuss results for the third quarter ended Septe…

Protective Insurance Corporation Announces Results for the Quarter and Six Months

CARMEL, Ind., Aug. 04, 2020 (GLOBE NEWSWIRE) -- Protective Insurance Corporation (NASDAQ: PTVCA, PTVCB) today reported  second quarter net income of $11.4 million, or $0.80 per share, which compares to net income of $1.5 million, or $0.11 per share, for the prior year’s second quarter.  For the fi…

Protective Insurance Corporation Announces Second Quarter 2019 Earnings Release Date and Conference Call

CARMEL, Ind., June 19, 2019 (GLOBE NEWSWIRE) -- Protective Insurance Corporation (NASDAQ: PTVCA, PTVCB), today announced that management has scheduled its quarterly conference call for Wednesday, August 7, 2019, at 11:00 AM ET (New York time) to discuss results for the second quarter ended June 30…

Protective Insurance and Truckers Against Trafficking Announce Award Recipients

CARMEL, Ind., June 06, 2019 (GLOBE NEWSWIRE) -- Protective Insurance and Truckers Against Trafficking (TAT) are pleased to announce the winners of the 2019 Harriet Tubman Award: Larren Tarver and Lauren Gnall with Lakefront Lines.

Protective Insurance Corporation Announces Jeremy Johnson as Chief Executive Officer

Adds Stephen Gray to its Board of Directors Adds Stephen Gray to its Board of Directors
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Protective Insurance Frequently Asked Questions

  • When was Protective Insurance founded?

    Protective Insurance was founded in 1930.

  • Who are Protective Insurance key executives?

    Protective Insurance's key executives are Jeremy D. Edgecliffe-Johnson, John R. Barnett and Jeremy F. Goldstein.

  • How many employees does Protective Insurance have?

    Protective Insurance has 500 employees.

  • What is Protective Insurance revenue?

    Latest Protective Insurance annual revenue is $495.6 m.

  • What is Protective Insurance revenue per employee?

    Latest Protective Insurance revenue per employee is $991.2 k.

  • Who are Protective Insurance competitors?

    Competitors of Protective Insurance include So-sure, Moda Health and Duffy Crane&Hauling.

  • Where is Protective Insurance headquarters?

    Protective Insurance headquarters is located at 111 Congressional Blvd #500, Carmel.

  • Where are Protective Insurance offices?

    Protective Insurance has offices in Carmel and Indianapolis.

  • How many offices does Protective Insurance have?

    Protective Insurance has 2 offices.