ICC Holdings, Inc.: insider trades · United States · SEC (Form 4)

About ICC Holdings, Inc.

ICC Holdings, Inc. (ticker: ICCH) is a U.S.-listed specialty insurance holding company traded on the NASDAQ Capital Market in the United States. For French-, Belgian- and Swiss-based investors, it represents a niche property-and-casualty insurer with a highly focused underwriting profile centered on the food and beverage industry. The company is the parent of Illinois Casualty Company, its core operating insurer, and its business model is built around underwriting risks tied to establishments serving alcohol, along with broader commercial protections such as property, general liability, umbrella, and workers’ compensation coverage. Its niche orientation means the firm is not a diversified multi-line insurer, but rather a specialist with deep domain knowledge in liquor liability and related commercial exposures. ([ilcasco.com](https://www.ilcasco.com/?utm_source=openai)) The company’s operating roots date back to 1950, when Illinois Casualty Company was founded in Illinois to address the insurance needs of alcohol-serving establishments. ICC Holdings, Inc. itself is a more recent holding company structure, created to own the insurance operating business and related subsidiaries. The group’s headquarters are located at 225 20th Street in Rock Island, Illinois, which anchors the business in the U.S. Midwest. Beyond the insurance operation, the group also owns a modest portfolio of rental properties in the local area, making the structure a combination of specialty insurance and ancillary real-estate assets. ([ilcasco.com](https://www.ilcasco.com/?utm_source=openai)) From a competitive standpoint, ICC competes as a specialist rather than a broad-based carrier. Its advantage is based on underwriting experience, long-standing relationships with independent agents, and a tailored product set for bars, restaurants, taverns, breweries, distilleries, wineries, package liquor stores, banquet centers, and similar businesses. The company’s geographic footprint spans multiple U.S. states, including Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Ohio, Pennsylvania, Utah, and Wisconsin, reflecting a regional-to-multi-state distribution model rather than a national consumer franchise. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1681903/000143774923008562/icch20221231_10k.htm?utm_source=openai)) Recent developments have been constructive. In its 2024 results, ICC reported higher direct premiums written, stronger net investment income, and improved full-year earnings versus 2023, alongside growth in book value per share. Management also pointed to improved operating efficiency, although losses and settlement expenses remained meaningful and some corporate costs were elevated. For equity investors, the key analytical lens is that ICCH is a small-cap specialty insurer whose earnings quality depends on underwriting discipline, reserve adequacy, pricing power, and investment income, while its concentration in liquor-related risks adds both differentiation and volatility. ([tradingview.com](https://www.tradingview.com/news/tradingview%3A34d8886a30c33%3A0-icc-holdings-inc-reports-2024-fourth-quarter-and-twelve-months-results/))