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Protective Insurance

Nasdaq:PTVC.A
Snowflake Description

Average dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PTVC.A
Nasdaq
$226M
Market Cap
  1. Home
  2. US
  3. Insurance
Company description

Protective Insurance Corporation, through its subsidiaries, engages in marketing and underwriting property and casualty insurance products. The last earnings update was 8 days ago. More info.


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PTVC.A Share Price and Events
7 Day Returns
-1.6%
NasdaqGM:PTVC.A
0.5%
US Insurance
0.4%
US Market
1 Year Returns
-29.9%
NasdaqGM:PTVC.A
15.8%
US Insurance
13.1%
US Market
PTVC.A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Protective Insurance (PTVC.A) -1.6% -4.2% -9.4% -29.9% -40.1% -35.7%
US Insurance 0.5% 1.4% 3.2% 15.8% 27.9% 46.3%
US Market 0.4% 4% 7.4% 13.1% 38.6% 44.6%
1 Year Return vs Industry and Market
  • PTVC.A underperformed the Insurance industry which returned 15.8% over the past year.
  • PTVC.A underperformed the Market in United States of America which returned 13.1% over the past year.
Price Volatility
PTVC.A
Industry
5yr Volatility vs Market

Value

 Is Protective Insurance 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
  • It is not possible to calculate the future cash flow value for Protective Insurance. This is due to cash flow or dividend data being unavailable. The share price is $15.
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 Protective Insurance's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Protective Insurance's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:PTVC.A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $-1.43
NasdaqGM:PTVC.B Share Price ** NasdaqGM (2019-11-14) in USD $16.06
United States of America Insurance Industry PE Ratio Median Figure of 88 Publicly-Listed Insurance Companies 17.08x
United States of America Market PE Ratio Median Figure of 2,917 Publicly-Listed Companies 18.19x

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

** Primary Listing of Protective Insurance.

NasdaqGM:PTVC.A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:PTVC.B Share Price ÷ EPS (both in USD)

= 16.06 ÷ -1.43

-11.23x

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

  • Protective Insurance is loss making, we can't compare its value to the US Insurance industry average.
  • Protective Insurance is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Protective Insurance's expected growth come at a high price?
Raw Data
NasdaqGM:PTVC.A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -11.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
42.1%per year
United States of America Insurance Industry PEG Ratio Median Figure of 64 Publicly-Listed Insurance Companies 0.92x
United States of America Market PEG Ratio Median Figure of 2,028 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 Protective Insurance, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Protective Insurance's assets?
Raw Data
NasdaqGM:PTVC.A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $25.33
NasdaqGM:PTVC.B Share Price * NasdaqGM (2019-11-14) in USD $16.06
United States of America Insurance Industry PB Ratio Median Figure of 116 Publicly-Listed Insurance Companies 1.16x
United States of America Market PB Ratio Median Figure of 5,070 Publicly-Listed Companies 1.73x
NasdaqGM:PTVC.A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:PTVC.B Share Price ÷ Book Value per Share (both in USD)

= 16.06 ÷ 25.33

0.63x

* Primary Listing of Protective Insurance.

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

  • Protective Insurance is good value based on assets compared to the US Insurance industry average.
X
Value checks
We assess Protective Insurance'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 Insurance 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 Insurance industry average (and greater than 0)? (1 check)
  5. Protective Insurance has a total score of 1/6, 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 Protective Insurance expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Protective Insurance, 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
42.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Protective Insurance expected to grow at an attractive rate?
  • Protective Insurance's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Protective Insurance's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare Protective Insurance's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:PTVC.A Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:PTVC.A Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 42.1%
United States of America Insurance Industry Earnings Growth Rate Market Cap Weighted Average 6%
United States of America Insurance Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
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
NasdaqGM:PTVC.A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month 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.
NasdaqGM:PTVC.A Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 478 103 -21
2019-06-30 467 114 -33
2019-03-31 456 104 -32
2018-12-31 439 101 -34
2018-09-30 441 103 7
2018-06-30 433 99 27
2018-03-31 394 99 12
2017-12-31 371 98 18
2017-09-30 343 55 7
2017-06-30 327 33 3
2017-03-31 323 37 22
2016-12-31 319 32 29

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Protective Insurance's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Protective Insurance 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
NasdaqGM:PTVC.A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Protective Insurance Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:PTVC.A Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 -1.43
2019-06-30 -2.20
2019-03-31 -2.12
2018-12-31 -2.28
2018-09-30 0.46
2018-06-30 1.78
2018-03-31 0.79
2017-12-31 1.22
2017-09-30 0.44
2017-06-30 0.22
2017-03-31 1.43
2016-12-31 1.92

*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 Protective Insurance will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Protective Insurance'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.
Protective Insurance 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 Protective Insurance 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 Protective Insurance's growth in the last year to its industry (Insurance).
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.
  • Protective Insurance does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Protective Insurance's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Protective Insurance's 1-year growth to the US Insurance industry average as it is not currently profitable.
Earnings and Revenue History
Protective Insurance'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 Protective Insurance Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:PTVC.A Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 478.22 -20.99
2019-06-30 466.56 -32.61
2019-03-31 456.13 -31.66
2018-12-31 439.17 -34.08
2018-09-30 440.52 6.97
2018-06-30 432.83 26.73
2018-03-31 393.67 11.90
2017-12-31 371.23 18.32
2017-09-30 343.39 6.71
2017-06-30 326.60 3.28
2017-03-31 323.21 21.59
2016-12-31 319.00 28.95
2016-09-30 308.18 27.62
2016-06-30 292.04 31.40
2016-03-31 286.70 31.15
2015-12-31 280.28 23.28
2015-09-30 285.72 27.99
2015-06-30 288.65 25.98
2015-03-31 294.78 29.60
2014-12-31 292.04 29.72
2014-09-30 292.98 30.44
2014-06-30 292.09 32.44
2014-03-31 283.30 28.01
2013-12-31 290.97 36.59
2013-09-30 280.62 32.30
2013-06-30 278.27 36.21
2013-03-31 270.50 35.36
2012-12-31 262.12 31.92

*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.
  • It is difficult to establish if Protective Insurance has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Protective Insurance has efficiently used its assets last year compared to the US Insurance industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Protective Insurance 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 Protective Insurance'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 Insurance 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.
Protective Insurance 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 Protective Insurance'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 Protective Insurance's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Protective Insurance's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Protective Insurance's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Protective Insurance'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.
  • Debt is covered by short term assets, assets are 31.9x debt.
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 Protective Insurance Company Filings, last reported 1 month ago.

NasdaqGM:PTVC.A Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 363.43 20.00 86.78
2019-06-30 367.42 20.00 81.77
2019-03-31 366.07 20.00 118.42
2018-12-31 356.08 20.00 165.00
2018-09-30 388.05 20.00 109.99
2018-06-30 407.24 20.00 76.95
2018-03-31 411.81 20.00 80.21
2017-12-31 418.81 20.00 65.68
2017-09-30 404.93 20.00 69.53
2017-06-30 400.77 20.00 82.58
2017-03-31 412.90 20.00 63.26
2016-12-31 404.35 20.00 64.48
2016-09-30 406.92 20.00 68.87
2016-06-30 404.31 20.00 63.05
2016-03-31 398.23 20.00 49.76
2015-12-31 394.50 20.00 75.76
2015-09-30 392.89 20.00 71.87
2015-06-30 405.30 20.00 58.22
2015-03-31 403.28 20.00 51.88
2014-12-31 399.50 20.00 67.60
2014-09-30 398.00 20.00 82.74
2014-06-30 401.14 20.00 78.88
2014-03-31 390.21 10.00 70.11
2013-12-31 381.72 10.00 64.19
2013-09-30 367.46 10.00 107.81
2013-06-30 357.24 10.00 120.15
2013-03-31 358.57 10.00 88.02
2012-12-31 346.71 10.00 75.75
  • Protective Insurance's level of debt (5.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (5% vs 5.5% today).
  • Debt is well covered by operating cash flow (513.3%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Protective Insurance's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Protective Insurance'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. Protective Insurance has a total score of 3/6, 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 Protective Insurance'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
6.97%
Current annual income from Protective Insurance dividends.
If you bought $2,000 of Protective Insurance shares you are expected to receive $139 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?
  • Protective Insurance's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Protective Insurance's dividend is above the markets top 25% of dividend payers in United States of America (3.66%).
Upcoming dividend payment

Purchase Protective Insurance before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
NasdaqGM:PTVC.A 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 Insurance Industry Average Dividend Yield Market Cap Weighted Average of 78 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1949 Stocks 2.4%
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 3.7%

Industry and Market average data is calculated daily.

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

NasdaqGM:PTVC.A Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-11-06 1.120 6.347
2018-08-07 1.120 4.864
2018-05-08 1.120 4.716
2018-02-12 1.120 4.828
2017-11-07 1.080 4.604
2017-08-08 1.080 4.805
2017-05-09 1.080 4.458
2017-02-10 1.080 4.489
2016-11-08 1.040 4.148
2016-08-09 1.040 4.081
2016-08-04 1.040 3.888
2016-02-05 1.040 4.229
2015-11-10 1.000 4.222
2015-08-11 1.000 4.384
2015-05-12 1.000 4.335
2015-02-05 1.000 4.305
2014-11-11 1.000 3.963
2014-08-12 1.000 3.898
2014-05-08 1.000 3.915
2014-02-04 1.000 3.913
2013-11-05 1.000 3.796
2013-08-06 1.000 3.997
2013-05-07 1.000 4.037
2013-02-05 1.000 4.201
2012-11-06 1.000 4.313
2012-08-07 1.000 4.262
2012-05-08 1.000 4.451
2012-02-07 1.000 4.572
2011-11-08 1.000 4.504
2011-08-09 1.000 4.475
2011-05-10 1.000 4.310
2011-05-05 1.000 4.516
2010-11-02 1.000 4.242
2010-08-03 1.000 4.234
2010-05-04 1.000 4.436
2010-02-10 1.000 4.035
2009-11-03 1.000 4.230
2009-08-04 1.000 4.530
2009-05-06 1.000 4.943
2009-02-17 1.000 5.453

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Protective Insurance's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
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 Protective Insurance'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 Protective Insurance afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Protective Insurance has a total score of 4/6, 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 Protective Insurance'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
Jeremy Edgecliffe-Johnson
AGE 48
CEO Bio

Mr. Jeremy David Edgecliffe-Johnson serves as Chief Executive Officer at Protective Insurance Corporation and has been its Principal Executive Officer and Director since May 22, 2019. He served as the Chief Executive Officer and President at Lexington Insurance Company since April 29, 2013. He served as the President of Cat Excess Liability of Chartis at Lexington Insurance Company. He joined Chartis in 2000. He has held positions of increasing responsibility in underwriting and Sales & Marketing, including Regional Vice President for the Mid-Atlantic territory and Chief Operating Officer at Lexington Insurance Company. Prior to joining Chartis, he worked as a Directors and officers liability broker for Sedgwick, Inc. and Marsh, Inc. He holds a B.A. degree in Law from Oxford University.

CEO Compensation
  • Insufficient data for Jeremy to compare compensation growth.
  • Insufficient data for Jeremy 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 Protective Insurance management team in years:

1.1
Average Tenure
47.5
Average Age
  • The average tenure for the Protective Insurance management team is less than 2 years, this suggests a new team.
Management Team

Matthew Thompson

TITLE
Executive Vice President of Sales & Marketing
COMPENSATION
$641K
AGE
54

Jeremy Goldstein

TITLE
Executive Vice President of Claims
COMPENSATION
$574K
AGE
47

Patrick Schmiedt

TITLE
Chief Underwriting Officer
COMPENSATION
$402K
AGE
38
TENURE
1.1 yrs

Jeremy Edgecliffe-Johnson

TITLE
CEO, Principal Executive Officer & Director
AGE
48

Bahr Omidfar

TITLE
Chief Information Officer
TENURE
0.2 yrs

John Mitchell

TITLE
Chief Risk Officer
TENURE
5.5 yrs

Sally Wignall

TITLE
Senior VP & Secretary
Board of Directors Tenure

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

2
Average Tenure
61.5
Average Age
  • The average tenure for the Protective Insurance board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jay Nichols

TITLE
Chairman of the Board
COMPENSATION
$2M
AGE
59
TENURE
1.1 yrs

Jeremy Edgecliffe-Johnson

TITLE
CEO, Principal Executive Officer & Director
AGE
48
TENURE
0.5 yrs

Nathan Shapiro

TITLE
Director
COMPENSATION
$82K
AGE
82
TENURE
40.5 yrs

Otto Frenzel

TITLE
Independent Director
COMPENSATION
$91K
AGE
59
TENURE
11.3 yrs

Jim Porcari

TITLE
Independent Director
COMPENSATION
$87K
AGE
61
TENURE
2.5 yrs

LoriAnn Lowery-Biggers

TITLE
Independent Director
COMPENSATION
$84K
AGE
52
TENURE
2.3 yrs

Dave Michelson

TITLE
Director
COMPENSATION
$60K
AGE
62
TENURE
1.5 yrs

Stuart Bilton

TITLE
Lead Independent Director
COMPENSATION
$89K
AGE
72
TENURE
1.4 yrs

Robert Shapiro

TITLE
Director
COMPENSATION
$82K
AGE
80
TENURE
22.5 yrs

Steve Bensinger

TITLE
Independent Director
COMPENSATION
$80K
AGE
64
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Protective Insurance'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. Protective Insurance 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

Company Info

Description

Protective Insurance Corporation, through its subsidiaries, engages in marketing and underwriting property and casualty insurance products. The company offers a range of fleet transportation insurance products, including commercial motor vehicle liability, physical damage, and general liability insurance; workers compensation insurance; medical and indemnity insurance products; non-trucking motor vehicle liability insurance; fidelity and surety bonds; and inland marine products consisting of cargo insurance. It also provides various additional services, such as risk surveys and analyses, safety program design and monitoring, government compliance assistance, loss control, and cost studies; research, development, and consultation in connection with new insurance programs that comprise development of systems to assist customers in monitoring their accident data; and claims handling services to clients with self-insurance programs. It serves trucking and public transportation fleets, as well as independent contractors in the trucking industry. The company primarily operates in the United States, Canada, Bermuda, and Puerto Rico. Protective Insurance Corporation was founded in 1930 and is headquartered in Carmel, Indiana.

Details
Name: Protective Insurance Corporation
PTVC.A
Exchange: NasdaqGM
Founded: 1930
$226,313,023
14,331,211
Website: http://ir.protectiveinsurance.com
Address: Protective Insurance Corporation
111 Congressional Boulevard,
Suite 500,
Carmel,
Indiana, 46032,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM PTVC.B Class B Non-Voting Common Stock Nasdaq Global Market US USD 09. May 1986
NasdaqGM PTVC.A Class A Voting Common Stock Nasdaq Global Market US USD 12. Oct 1972
Number of employees
Current staff
Staff numbers
535
Protective Insurance employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/14 23:32
End of day share price update: 2019/11/14 00:00
Last earnings filing: 2019/11/06
Last earnings reported: 2019/09/30
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.