ICC Holdings, Inc. (ICCH)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, 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) trades at $23.49. ICC Holdings, Inc. provides property and casualty insurance products, primarily catering to the food and beverage industry in the United States. Market cap: $69.59M, Sector: Financial services.
Price live · AI analysis from Mar 16, 2026Analyst Coverage for ICCH: ICCH does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates ICCH against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
ICCH: 1/1 perspectives are bearish.
How is this calculated? →ICC 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.
What Is the Investment Thesis for ICCH?
ICC Holdings, Inc. presents a focused investment opportunity within the specialty insurance sector, targeting the food and beverage industry. With a market capitalization of $69.59M 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
ICCH Key Highlights
- Market capitalization of $69.59M 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.
Who Are ICCH's Competitors?
ICCH is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| AGBA AGBA Acquisition Limited | $1.40 | +14.75% | $66.24M | 55 |
| FIAC Focus Impact Acquisition Corp. | $8.88 | -10.48% | $66.31M | 47 |
| GAMC Golden Arrow Merger Corp. | $9.00 | -22.41% | $68.63M | 49 |
| GRDI GRIID Infrastructure Inc. Common Stock | $0.96 | -1.00% | $68.07M | 38 |
| RYAN Ryan Specialty Group Holdings, Inc. | $41.35 | -1.62% | $5.35B | 68 |
| FAF First American Financial Corporation | $70.10 | +0.89% | $7.14B | 62 |
| LCSHF Lancashire Holdings Limited | $8.40 | +0.00% | $2.04B | 58 |
| ACMTA ACMAT Corporation | $18.29 | +0.00% | $14.10M | 55 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are ICCH's Key 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.
What Are ICCH's 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.
What Could Drive ICCH Stock Higher?
- Potential expansion into new geographic markets, increasing the company's revenue base.
- Continued focus on strengthening relationships with independent agents to drive sales growth.
- Introduction of new insurance products tailored to emerging risks in the food and beverage industry.
What Are the Key Risks for ICCH?
- Financial-distress signal — its Altman Z-Score of 1.23 sits in the distress zone (elevated bankruptcy risk).
- Insider selling — insiders were net sellers of roughly $3.6M recently.
- Increased competition from larger insurance companies with greater resources.
- Economic downturns impacting the food and beverage industry, reducing demand for insurance products.
- Changes in insurance regulations that could increase compliance costs.
- Unexpected increases in claims frequency or severity.
What Are the Growth Opportunities for ICCH?
- 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.
What Opportunities Does ICCH Have?
- 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.
What Threats Does ICCH Face?
- 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.
What Are ICCH's 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.
What Does ICCH Do?
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 Products and Services Does ICCH Offer?
- 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.
How Does ICCH Make Money?
- 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.
What Industry Does ICCH Operate In?
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.
Who Are ICCH's Key Customers?
- Restaurants
- Bars and taverns
- Food manufacturers
- Food distributors
- Other businesses in the food and beverage industry
How ICC Holdings, Inc. Is Valued
ICC Holdings, Inc. carries a market capitalization of $69.59M, placing it in the micro-cap category.
Company Profile
ICC Holdings, Inc. operates in the Insurance - Specialty industry within the Financial Services sector. It is headquartered in Rock Island, US. The company is led by CEO Arron Keath Sutherland. ICCH has traded publicly since 2017.
ROE 7%Key Financial Metrics
Return on equity for ICC Holdings, Inc. stands at 6.7%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 2.0%, showing how much profit it generates from its asset base. ICCH trades at a trailing price-to-earnings ratio of 16.26, below the Financial Services sector average of ~18x. Its free cash flow yield is 11.4%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.02 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 6.1%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 7/9Financial Health
ICC Holdings, Inc.'s Piotroski F-Score is 7/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 1.23 places it in the distress zone, a signal of elevated financial risk.
Net sellingInsider Activity
The most recent 12 insider filings for ICC Holdings, Inc. break down as 12 sales and 0 purchases. On net that is roughly 173K shares disposed (about $3.6M), a signal worth weighing alongside the fundamentals.
ICCH Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis
Bull Case vs Bear Case
Bull Case
- 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.
Bear Case
- 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.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
ICCH Latest News
No recent news available for ICCH.
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.
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.
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) — Financial Services
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 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?
Evaluate ICCH on fundamentals, analyst consensus, and risk factors. Not financial advice.
How frequently does ICCH data refresh on this page?
ICCH prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven ICCH's recent stock price performance?
ICC Holdings, Inc. (ICCH) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Specialized expertise in the food and beverage insurance market. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider ICCH overvalued or undervalued right now?
Valuing ICC Holdings, Inc. (ICCH) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full 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).
Why might investors consider adding ICCH to a portfolio?
Key strength of ICC Holdings, Inc. (ICCH): Specialized expertise in the food and beverage insurance market. Weigh rewards against risks and diversify. Not financial advice.
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.