Infinity Property and Casualty Corp. (IPCC) Releases Earnings Results, Beats Expectations By $0.27 EPS

Infinity Property and Casualty Corp. (IPCC) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.99 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.27. Analysts had a consensus of $0.72. Analysts expectations of $339.70 million. During the same quarter in the previous year, the company posted $1.16 EPS.

Infinity Property and Casualty Corp. opened for trading at $81.84 and hit $82.7 on the upside on Tusday, eventually ending the session at $81.98, with a gain of 0.17% or 0.14 points. The heightened volatility saw the trading volume jump to 21,825 shares. Company has a market cap of $906 M.

Infinity Property and Casualty Corporation is a holding company that through its subsidiaries provides personal automobile insurance with a focus on the nonstandard market. The Company also writes standard and preferred personal auto insurance mono-line commercial auto insurance and classic collector automobile insurance. It distributes its products primarily through a network of approximately 11800 independent agencies and brokers in 15500 locations. The Company’s Internet-based software applications provide many of its agents with e-signature capabilities and real-time underwriting claims and policy information. The Company is licensed to write insurance in all 50 states and the District of Columbia. Its products include Personal Automobile Commercial Vehicle and Classic Collector.

Infinity Property and Casualty Corp.

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