ICC Holdings, Inc. (ICCH)
For informational purposes only. Not financial advice. Analysis by Sedat Aydin, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
ICC Holdings, Inc. (ICCH). ICC Holdings, Inc. provides property and casualty insurance products, primarily catering to the food and beverage industry in the United States. Market cap: 0, Sector: Financial services.
Last analyzed: Mar 16, 2026ICC Holdings, Inc. (ICCH) Financial Services Profile
ICC Holdings, Inc. specializes in providing property and casualty insurance to the food and beverage industry across 15 states. With a focus on commercial multi-peril and liquor liability, the company operates through a network of independent agents, maintaining a niche market position and a modest profit margin.
Investment Thesis
ICC Holdings, Inc. presents a focused investment opportunity within the specialty insurance sector, targeting the food and beverage industry. With a market capitalization of $0.07 billion and a P/E ratio of 19.06, the company reflects a valuation that aligns with its niche market position. A key value driver is the company's established network of 186 independent agents across 15 states, providing a distribution advantage within its target market. Growth catalysts include potential expansion into new states or the introduction of new insurance products tailored to the evolving needs of the food and beverage industry. However, potential risks include competition from larger, more diversified insurance providers and the impact of economic downturns on the food and beverage sector, which could reduce demand for insurance products. The company's beta of 0.30 suggests lower volatility compared to the broader market.
Based on FMP financials and quantitative analysis
Key Highlights
- Market capitalization of $0.07 billion indicates a small-cap company within the specialty insurance sector.
- P/E ratio of 19.06 suggests a valuation that is in line with its earnings and industry peers.
- Profit margin of 14.1% reflects the company's ability to generate profits from its insurance operations.
- Gross margin of 6.2% indicates the percentage of revenue exceeding the cost of goods sold.
- Beta of 0.30 suggests the stock is less volatile than the overall market.
Competitors & Peers
Strengths
- Specialized expertise in the food and beverage insurance market.
- Established network of independent agents.
- Long-standing relationships with customers.
- Strong understanding of the unique risks faced by the food and beverage industry.
Weaknesses
- Limited geographic reach compared to larger insurance companies.
- Dependence on independent agents for distribution.
- Smaller market capitalization compared to competitors.
- Potential vulnerability to economic downturns in the food and beverage industry.
Catalysts
- Upcoming: Potential expansion into new geographic markets, increasing the company's revenue base.
- Ongoing: Continued focus on strengthening relationships with independent agents to drive sales growth.
- Upcoming: Introduction of new insurance products tailored to emerging risks in the food and beverage industry.
Risks
- Potential: Increased competition from larger insurance companies with greater resources.
- Potential: Economic downturns impacting the food and beverage industry, reducing demand for insurance products.
- Ongoing: Changes in insurance regulations that could increase compliance costs.
- Potential: Unexpected increases in claims frequency or severity.
Growth Opportunities
- Geographic Expansion: ICC Holdings has the opportunity to expand its operations into new states beyond its current 15-state footprint. Targeting states with a significant food and beverage industry presence could drive revenue growth. This expansion could be achieved through partnerships with new independent agents or strategic acquisitions of smaller insurance providers. The timeline for this expansion could be phased over the next 3-5 years, focusing on states with favorable regulatory environments and market conditions.
- Product Diversification: ICC Holdings can diversify its product offerings to include new insurance products tailored to the evolving needs of the food and beverage industry. This could include cyber liability insurance to protect against data breaches, or specialized coverage for food delivery services. The development and launch of new products could be achieved within the next 2-3 years, following market research and product development efforts.
- Digital Transformation: Investing in digital technologies to enhance its operations and customer experience represents a significant growth opportunity for ICC Holdings. This could include implementing online portals for policy management, claims processing, and agent support. Digital transformation could improve efficiency, reduce costs, and attract new customers. The implementation of these technologies could be phased over the next 2-3 years.
- Strategic Partnerships: Forming strategic partnerships with industry associations, food and beverage suppliers, or technology providers could create new growth opportunities for ICC Holdings. These partnerships could provide access to new markets, distribution channels, or innovative insurance solutions. The development of strategic partnerships could be pursued on an ongoing basis, with specific targets identified and pursued over the next 1-2 years.
- Enhanced Agent Network: Strengthening its network of independent agents through training, support, and incentives can drive increased sales and customer retention. Providing agents with access to new technologies, marketing materials, and product knowledge can empower them to better serve their clients and grow their business. This ongoing effort to enhance the agent network can contribute to sustained growth and market share gains.
Opportunities
- Geographic expansion into new states.
- Product diversification to meet evolving customer needs.
- Digital transformation to improve efficiency and customer experience.
- Strategic partnerships to expand market reach and access new technologies.
Threats
- Competition from larger, more diversified insurance companies.
- Changes in regulations affecting the insurance industry.
- Economic downturns impacting the food and beverage sector.
- Increasing frequency and severity of claims.
Competitive Advantages
- Specialized industry knowledge of the food and beverage sector.
- Established network of independent agents.
- Long-standing relationships with customers in the food and beverage industry.
- Tailored insurance products designed for the unique risks of the food and beverage sector.
About ICCH
ICC Holdings, Inc., established in 1950 and headquartered in Rock Island, Illinois, operates as a property and casualty insurance provider, with a specific focus on serving the food and beverage industry in the United States. The company's core business revolves around underwriting and distributing insurance products tailored to the unique needs of this sector. Its offerings include commercial multi-peril insurance, which covers a range of potential property and liability risks; liquor liability insurance, addressing the specific risks associated with serving alcohol; workers' compensation insurance, protecting businesses from employee injury claims; and umbrella liability insurance, providing additional coverage beyond the limits of standard policies. ICC Holdings distributes its products through a network of 186 independent agents spanning across Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Minnesota, Michigan, Missouri, Ohio, Oregon, Pennsylvania, Tennessee, Utah, and Wisconsin. These agents act as intermediaries, connecting the company with its target market and providing localized customer service. The company's strategy focuses on maintaining strong relationships with its agency network and delivering specialized insurance solutions to a specific industry niche.
What They Do
- Provide commercial multi-peril insurance to businesses in the food and beverage industry.
- Offer liquor liability insurance to establishments that serve alcohol.
- Underwrite workers' compensation insurance to protect businesses from employee injury claims.
- Provide umbrella liability insurance for additional coverage beyond standard policies.
- Distribute insurance products through a network of independent agents.
- Focus on serving the unique insurance needs of the food and beverage sector.
Business Model
- Underwriting insurance policies for businesses in the food and beverage industry.
- Collecting premiums from policyholders.
- Managing risk through careful underwriting and claims management.
- Distributing products through a network of independent agents.
Industry Context
ICC Holdings, Inc. operates within the specialty insurance sector, which caters to niche markets with specific insurance needs. The food and beverage industry, ICC Holdings' primary focus, faces unique risks related to property, liability, and workers' compensation. The competitive landscape includes both large, diversified insurance companies and smaller, specialized providers. Market trends include increasing demand for tailored insurance solutions and the growing importance of risk management in the food and beverage industry. ICC Holdings differentiates itself through its industry focus and established network of independent agents.
Key Customers
- Restaurants
- Bars and taverns
- Food manufacturers
- Food distributors
- Other businesses in the food and beverage industry
Financials
Chart & Info
ICC Holdings, Inc. (ICCH) stock price: Price data unavailable
Latest News
No recent news available for ICCH.
Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for ICCH.
Price Targets
Wall Street price target analysis for ICCH.
MoonshotScore
What does this score mean?
The MoonshotScore rates ICCH's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Competitors & Peers
Leadership: Arron Keath Sutherland
CEO
Arron Keath Sutherland serves as the CEO of ICC Holdings, Inc. His background encompasses extensive experience in the insurance industry, with a focus on strategic leadership and operational management. He has held various leadership positions within the company, contributing to its growth and development. Sutherland's expertise includes underwriting, risk management, and distribution channel optimization. He is responsible for overseeing the company's overall strategy and ensuring its long-term success.
Track Record: Under Arron Keath Sutherland's leadership, ICC Holdings, Inc. has maintained a consistent focus on serving the food and beverage industry. He has overseen the expansion of the company's agent network and the introduction of new insurance products. Sutherland has also focused on improving the company's operational efficiency and profitability. His strategic decisions have contributed to the company's stability and growth within its niche market.
What Investors Ask About ICC Holdings, Inc. (ICCH)
What does ICC Holdings, Inc. do?
ICC Holdings, Inc. is a specialty insurance company focused on providing property and casualty insurance products to businesses in the food and beverage industry. The company offers a range of insurance solutions, including commercial multi-peril, liquor liability, workers' compensation, and umbrella liability coverage. These products are distributed through a network of 186 independent agents across 15 states. ICC Holdings focuses on understanding the unique risks faced by the food and beverage industry and providing tailored insurance solutions to meet those needs.
What do analysts say about ICCH stock?
AI analysis is pending for ICCH, so there is currently no analyst consensus available. Investors should conduct their own due diligence and consider the company's financial performance, market position, and growth opportunities. Key valuation metrics to consider include the company's P/E ratio, profit margin, and market capitalization. Growth considerations include the company's ability to expand into new markets, introduce new products, and maintain its competitive advantage in the specialty insurance sector.
What are the main risks for ICCH?
ICC Holdings, Inc. faces several risks, including competition from larger insurance companies with greater resources and brand recognition. Economic downturns impacting the food and beverage industry could reduce demand for insurance products. Changes in insurance regulations could increase compliance costs and impact profitability. Unexpected increases in claims frequency or severity could negatively affect the company's financial performance. Additionally, the company's reliance on independent agents for distribution creates a dependence on their performance and relationships with customers.
What are the key factors to evaluate for ICCH?
Evaluating ICCH involves reviewing fundamentals, analyst consensus, and risk factors. Key strength: Specialized expertise in the food and beverage insurance market.. Primary risk to monitor: Potential: Increased competition from larger insurance companies with greater resources.. This is not financial advice.
How frequently does ICCH data refresh on this page?
ICCH prices update in real time during U.S. market hours (9:30 AM-4:00 PM ET, weekdays). Fundamentals refresh after quarterly or annual filings. Analyst ratings and AI insights update daily. News is aggregated continuously from financial sources.
What has driven ICCH's recent stock price performance?
Recent price movement in ICC Holdings, Inc. (ICCH) can be influenced by earnings results, analyst revisions, sector rotation, and broader market sentiment. Notable catalyst: Specialized expertise in the food and beverage insurance market.. Check the News and Technical Analysis tabs for the latest drivers. Past performance does not predict future results.
Should investors consider ICCH overvalued or undervalued right now?
Determining whether ICC Holdings, Inc. (ICCH) is overvalued or undervalued requires examining multiple metrics. Compare valuation ratios (P/E, P/S, EV/EBITDA) against sector peers for a comprehensive view.
What research should beginners do before buying ICCH?
Before investing in ICC Holdings, Inc. (ICCH), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data and may be subject to change.
- AI analysis is pending and may provide further insights.