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Insurance Acquisition

Nasdaq:INSU
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
INSU
Nasdaq
$205M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Insurance Acquisition Corp. intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business transaction with one or more operating businesses or assets in the insurance sector. The last earnings update was 98 days ago. More info.


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INSU Share Price and Events
7 Day Returns
-
NasdaqCM:INSU
1%
US Capital Markets
0.7%
US Market
1 Year Returns
-
NasdaqCM:INSU
8.6%
US Capital Markets
13.7%
US Market
INSU Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Insurance Acquisition (INSU) - 0.7% -0.1% - - -
US Capital Markets 1% 5.5% 7.4% 8.6% 34.5% 59.9%
US Market 0.7% 4.7% 6.1% 13.7% 39.2% 44.5%
1 Year Return vs Industry and Market
  • No trading data on INSU.
  • No trading data on INSU.

Value

 Is Insurance Acquisition undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Insurance Acquisition to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Insurance Acquisition.

NasdaqCM:INSU Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $0.12 * 9.4%
$0.01
Book Value of Equity per Share Median Book Value from the past 5 years. $0.12
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:INSU
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 21%) (0%))
0.834
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.834 * 5.96%)
7.7%

Discounted Cash Flow Calculation for NasdaqCM:INSU using Excess Returns Model Model

The calculations below outline how an intrinsic value for Insurance Acquisition is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqCM:INSU Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.4% – 7.7%) * $0.12)
$0.00
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.00 / (7.7% - 2.73%)
$0.04
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $0.12 + $0.04
$0.17
NasdaqCM:INSU Discount to Share Price
Calculation Result
Value per share (USD) From above. $0.17
Current discount Discount to share price of $9.95
= -1 x ($9.95 - $0.17) / $0.17
-5893.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Insurance Acquisition is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Insurance Acquisition's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Insurance Acquisition's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:INSU PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $0.04
NasdaqCM:INSU Share Price ** NasdaqCM (2019-11-15) in USD $9.95
United States of America Capital Markets Industry PE Ratio Median Figure of 88 Publicly-Listed Capital Markets Companies 37.79x
United States of America Market PE Ratio Median Figure of 2,924 Publicly-Listed Companies 18.25x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Insurance Acquisition.

NasdaqCM:INSU PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:INSU Share Price ÷ EPS (both in USD)

= 9.95 ÷ 0.04

261.06x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Insurance Acquisition is overvalued based on earnings compared to the US Capital Markets industry average.
  • Insurance Acquisition is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Insurance Acquisition's expected growth come at a high price?
Raw Data
NasdaqCM:INSU PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 261.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
25.8%per year
United States of America Capital Markets Industry PEG Ratio Median Figure of 38 Publicly-Listed Capital Markets Companies 2.02x
United States of America Market PEG Ratio Median Figure of 2,038 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Insurance Acquisition, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Insurance Acquisition's assets?
Raw Data
NasdaqCM:INSU PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $0.24
NasdaqCM:INSU Share Price * NasdaqCM (2019-11-15) in USD $9.95
United States of America Capital Markets Industry PB Ratio Median Figure of 155 Publicly-Listed Capital Markets Companies 6.4x
United States of America Market PB Ratio Median Figure of 5,086 Publicly-Listed Companies 1.76x
NasdaqCM:INSU PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:INSU Share Price ÷ Book Value per Share (both in USD)

= 9.95 ÷ 0.24

41.08x

* Primary Listing of Insurance Acquisition.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Insurance Acquisition is overvalued based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Insurance Acquisition's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Insurance Acquisition has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Insurance Acquisition expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Insurance Acquisition, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
25.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Insurance Acquisition expected to grow at an attractive rate?
  • Insurance Acquisition's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Insurance Acquisition's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare Insurance Acquisition's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:INSU Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:INSU Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 25.8%
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.3%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:INSU Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:INSU Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 0 0
2018-12-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Insurance Acquisition's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Insurance Acquisition is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:INSU Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Insurance Acquisition Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:INSU Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 0.04
2018-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Insurance Acquisition will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Insurance Acquisition's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Insurance Acquisition has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Insurance Acquisition performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Insurance Acquisition's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Unable to establish if Insurance Acquisition's year on year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
  • Unable to compare Insurance Acquisition's 1-year earnings growth to the 5-year average as it has been trading publicly for less than 3 years.
  • Insurance Acquisition has been loss making too recently or no data is available, we can't compare it to the US Capital Markets industry average.
Earnings and Revenue History
Insurance Acquisition's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Insurance Acquisition Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:INSU Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 0.47 0.30
2018-12-31 0.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Insurance Acquisition has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • It is difficult to establish if Insurance Acquisition has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Insurance Acquisition improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Insurance Acquisition's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Insurance Acquisition has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Insurance Acquisition's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Insurance Acquisition's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Insurance Acquisition is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Insurance Acquisition's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Insurance Acquisition's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Insurance Acquisition has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Insurance Acquisition Company Filings, last reported 4 months ago.

NasdaqCM:INSU Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 5.00 0.00 0.68
2018-12-31 0.02 0.00 0.03
  • Insurance Acquisition has no debt.
  • Insurance Acquisition has not taken on any debt in the past 5 years.
  • Insurance Acquisition has no debt, it does not need to be covered by operating cash flow.
  • Insurance Acquisition has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Insurance Acquisition's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Insurance Acquisition has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Insurance Acquisition's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Insurance Acquisition dividends.
If you bought $2,000 of Insurance Acquisition shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Insurance Acquisition's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Insurance Acquisition's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:INSU Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1956 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Insurance Acquisition has not reported any payouts.
  • Unable to verify if Insurance Acquisition's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Insurance Acquisition's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Insurance Acquisition has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Insurance Acquisition's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Insurance Acquisition afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Insurance Acquisition has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Insurance Acquisition's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Butler
AGE 43
TENURE AS CEO 1.7 years
CEO Bio

Mr. John Miles Butler has been Chief Executive Officer and President of Insurance Acquisition Corp. since March 2018. Mr. Butler has been Managing Director of U.S. Insurance Strategy at Cohen & Company Inc., since November 1, 2017. Mr. Butler oversees the development of Cohen & Company's U.S. Insurance Asset Management Platform and Global ILS Program. He has 20 years of industry experience and joined Cohen & Company from Twelve Capital, a Swiss-based insurance specialist and asset manager, where he served as Managing Partner and Head of Investment Management, as well as Chief Executive Officer of Twelve Capital's UK operations and President of its U.S. subsidiary. During his tenure at Twelve Capital, Mr. Butler oversaw global investments in insurance companies as well as investments in Insurance Linked Securities and specialized in the origination, analysis, structuring and portfolio management of private fixed income, catastrophe bond and reinsurance related transactions. Mr. Butler held senior positions at Hannover Re Bermuda and White Mountains Reinsurance Group, where he worked in senior underwriting roles managing portfolios covering a diverse range of business lines. Mr. Butler began his career at the Imperial Fire & Marine Reinsurance Company in London as assistant to the marine and energy treaty underwriter. Mr. Butler holds an honors degree in Law from the School of Oriental and African Studies, University of London. He is ACII qualified, a Chartered Insurer and a member of the Insurance Institute of Ireland.

CEO Compensation
  • Insufficient data for John to compare compensation growth.
  • Insufficient data for John to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Insurance Acquisition management team in years:

1.7
Average Tenure
48
Average Age
  • The average tenure for the Insurance Acquisition management team is less than 2 years, this suggests a new team.
Management Team

John Butler

TITLE
CEO & President
AGE
43
TENURE
1.7 yrs

Paul Vernhes

TITLE
Chief Financial Officer
AGE
48
TENURE
1.7 yrs

Joe Pooler

TITLE
Chief Accounting Officer & Treasurer
AGE
54
TENURE
1.7 yrs
Board of Directors Tenure

Average tenure and age of the Insurance Acquisition board of directors in years:

1.1
Average Tenure
53
Average Age
  • The average tenure for the Insurance Acquisition board of directors is less than 3 years, this suggests a new board.
Board of Directors

Daniel Cohen

TITLE
Chairman of the Board
AGE
50
TENURE
0.9 yrs

John Chrystal

TITLE
Independent Director
AGE
60
TENURE
1.7 yrs

Stephanie Rabin

TITLE
Independent Director
AGE
47
TENURE
0.9 yrs

Sasson Posner

TITLE
Independent Director
AGE
56
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Insurance Acquisition's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Insurance Acquisition has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Could The Insurance Acquisition Corp. (NASDAQ:INSU) Ownership Structure Tell Us Something Useful?

Insurance Acquisition is a smaller company with a market capitalization of US$153m, so it may still be flying under the radar of many institutional investors. … See our latest analysis for Insurance Acquisition NasdaqCM:INSU Ownership Summary, August 1st 2019 What Does The Institutional Ownership Tell Us About Insurance Acquisition? … Private Company Ownership Our data indicates that Private Companies hold 50%, of the company's shares.

Simply Wall St -

Company Info

Description

Insurance Acquisition Corp. intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business transaction with one or more operating businesses or assets in the insurance sector. The company was founded in 2018 and is based in Philadelphia, Pennsylvania.

Details
Name: Insurance Acquisition Corp.
INSU
Exchange: NasdaqCM
Founded: 2018
$204,674,530
20,653,333
Website: http://
Address: Insurance Acquisition Corp.
2929 Arch Street,
Suite 1703,
Philadelphia,
Pennsylvania, 19104,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM INSU Class A Common Stock Nasdaq Capital Market US USD 14. May 2019
NasdaqCM INSU.U Units Nasdaq Capital Market US USD 20. Mar 2019
Number of employees
Current staff
Staff numbers
0
Insurance Acquisition employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 01:06
End of day share price update: 2019/11/15 00:00
Last earnings filing: 2019/08/13
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.