Infinity Property and Casualty Corp. (IPCC) Releases Earnings Results, Misses Expectations By $-0.41 EPS

Infinity Property and Casualty Corp. (IPCC) reported quarterly earnings results on Thursday, May-5-2016. The company reported $0.68 earnings per share for the quarter, missing the analyst consensus estimate by $-0.41. Analysts had a consensus of $1.09. The company posted revenue of $376.00 million in the period, compared to analysts expectations of $388.90 million. The company’s revenue was down -3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 EPS.

Infinity Property and Casualty Corp. closed down -0.65 points or -0.81% at $80.09 with 44,199 shares getting traded on Wednesday. Post opening the session at $80.79, the shares hit an intraday low of $79.046 and an intraday high of $80.79 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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