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Private company

AMERINST INSURANCE GROUP LTD

Insurance carriers company in Bermuda1

In its 2023 annual report the company says: “We are an insurance holding company based in Bermuda owned primarily by accounting firms, persons associated with accounting firms, and individual CPA practitioners.”32

Last updated Oct 21, 2026.

Overview

  • IndustryInsurance Carriers, NEC1
  • HeadquartersHamilton, Bermuda1
  • Incorporated inBermuda2
  • Business addressCedar Management Limited, 25 Church St., Continental Bldg, , P.O. Box Hm 1601, Hamilton, D0 Hmgx2
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

-85.0%Net margin3
-65.7%Revenue growth, 20223
-111.2%Return on equity3
-$1.1MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Other costs64¢$1.5M
  • Income tax36¢$811.5K

Out of $2.3M in revenue.3 The company lost money this year.

Financial statements

Revenue456783$2.3M in 2022−84% since 2016
0$10.0M$20.0M$30.0M2016: $14.0M$14.0M20162017: $15.5M$15.5M2017+11%2018: $13.8M$13.8M2018−11%2019: $21.7M$21.7M2019+58%2020: $16.2M$16.2M2020−26%2021: $6.6M$6.6M2021−59%2022: $2.3M$2.3M2022−66%
Net income456783-$1.9M in 2022
-$15.0M-$10.0M-$5.0M0$5.0M2016: $1.5M$1.5M20162017: $629.7K$629.7K2017−57%2018: -$115.7K-$115.7K20182019: $2.4M$2.4M20192020: -$14.6M-$14.6M20202021: -$1.6M-$1.6M2021−89%2022: -$1.9M-$1.9M2022+21%
Fiscal year2016201720182019202020212022
Revenue$14.0M4$15.5M5$13.8M6$21.7M7$16.2M8$6.6M3$2.3M3
Operating expenses$7.7M3$3.4M3
Income before tax-$1.0M3-$1.1M3
Income tax$04$04-$2.7M6$214.3K7$988.5K8$561.9K3$811.5K3
Net income$1.5M4$629.7K5-$115.7K6$2.4M7-$14.6M8-$1.6M3-$1.9M3
Earnings per share$2.264$0.975-$0.186$3.837-$23.368-$2.573-$3.123
Earnings per share (diluted)$0.975-$0.186$3.817-$23.368-$2.573-$3.123
Shares (weighted, basic)619.8K shares3619.4K shares3
Shares (weighted, diluted)619.8K shares3619.4K shares3

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What it owns

What AMERINST INSURANCE GROUP LTD reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$2.0M3 Dec 31, 2022$1.9M3 Dec 31, 2021+5.8%
Accumulated depreciation$1.4M3 Dec 31, 2022$1.0M3 Dec 31, 2021+35.7%
Property and equipment, net$644.1K3 Dec 31, 2022$898.6K3 Dec 31, 2021−28.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$2.4M3 Dec 31, 2022$3.5M3 Dec 31, 2021−30.6%
Debt securities available for sale$08 Dec 31, 2021$20.3M8 Dec 31, 2020−100.0%

Leadership

Who has led AMERINST INSURANCE GROUP LTD, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. F. Kyle Nieman Iii.2009–2018

President

  1. F. Kyle Nieman Iii.2009–2018
  2. Stuart H. Grayston2010–2020

Chief financial officer

  1. Thomas Richard McMahon2008
2010201520202025
Board members and other officers (10)

Timeline

  1. Mar 20, 20248-K Other events23
  2. Nov 2, 20238-K Completed an acquisition or sale24
  3. Sep 21, 20238-K Entered a material agreement25
  4. Jun 21, 20238-K Entered a material agreement26
  5. Jun 12, 20238-K Shareholder vote27
  6. Nov 28, 20228-K Regulation FD disclosure28
  7. Jun 7, 20228-K Executive or director change; Shareholder vote29
  8. May 20, 20228-K Executive or director change30
  9. Oct 18, 20218-K Entered a material agreement; Ended a material agreement; Debt or obligation accelerated31
  10. Dec 2, 2009New chief executive F. Kyle Nieman Iii. becomes CEO11

Filings

24 filings to the SEC since October 2021: 2 annual reports, 7 quarterly reports, 9 major events, 6 other. The latest 20:

  1. Mar 20, 20248-K EDGAR
  2. Nov 15, 202310-Q EDGAR
  3. Nov 2, 20238-K EDGAR
  4. Sep 26, 2023DEFM14A EDGAR
  5. Sep 21, 20238-K EDGAR
  6. Sep 15, 2023PREM14A EDGAR
  7. Aug 2, 202310-Q EDGAR
  8. Jun 21, 20238-K EDGAR
  9. Jun 12, 20238-K EDGAR
  10. May 15, 202310-Q EDGAR
  11. Apr 27, 2023DEFA14A EDGAR
  12. Apr 27, 2023DEF 14A EDGAR
  13. Mar 31, 202310-K EDGAR
  14. Nov 28, 20228-K EDGAR
  15. Nov 15, 202210-Q EDGAR
  16. Aug 15, 202210-Q EDGAR
  17. Jun 7, 20228-K EDGAR
  18. May 20, 20228-K EDGAR
  19. May 13, 202210-Q EDGAR
  20. Apr 22, 2022DEFA14A EDGAR

The 24 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How AMERINST INSURANCE GROUP LTD is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAMERINST INSURANCE GROUP LTD1
  • CIK0001065201
  • Employer ID (EIN)98-02074471
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inBermuda1
  • Fiscal year endsDecember 311
  • Industry code (SIC)6399 Insurance Carriers, NEC1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business addressCedar Management Limited, 25 Church St., Continental Bldg, , P.O. Box Hm 1601, Hamilton, D0 HMGX1
  • Phone44129639731
  • Shares outstanding995,253 as of Nov 14, 202310
  • Public float$3.1M as of Jun 30, 20223
  • On EDGAR sinceSep 30, 19981
  • Filings356 in all: 4 (103), 10-Q (72), 8-K (57), DEF 14A (24), 10-K (21), 4/A (13), 3 (9), ARS (7)1
    All 35 form types

    SC 13D/A (6), NO ACT (5), SC TO-I/A (4), 10-K/A (3), 10-K405 (3), DEFA14A (3), S-4/A (3), FWP (2), NT 10-Q (2), UPLOAD (2), 10-Q/A (1), 424B3 (1), 5 (1), 8-A12G (1), 8-K/A (1), CT ORDER (1), DEFM14A (1), EFFECT (1), PRE 14A (1), PREM14A (1), PRER14A (1), S-3 (1), S-3/A (1), S-4 (1), S-8 (1), SC 13D (1), SC TO-I (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2023
    Quarterly report (10-Q) Nov 15, 2023
    Proxy statement (DEF 14A) Apr 27, 2023
    Latest 8-K (8-K) Mar 20, 2024

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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