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Private company

ICC Holdings, Inc.

Pennsylvania corporation2

In its 2024 annual report the company says: “We are a specialty insurance carrier primarily underwriting commercial multi-peril, liquor liability, workers’ compensation, and umbrella liability coverages for the food and beverage industry through our subsidiary insurance company, ICC. The Company operates as a single segment.”5 It is headquartered in Wyalusing, United States.2

Last updated Oct 21, 2026.

Overview

  • IndustryFire, Marine & Casualty Insurance2
  • HeadquartersWyalusing, United States2
  • Incorporated inPA3
  • Business address225 20Th Street, Rock Island, Il 612013
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formBusiness Corporation2
  • LEI5493002VP3377Q6IKL472
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered address41908 ROUTE 6, 18853 Wyalusing, United States2
  • Registered withPennsylvania Department of State, 64344302

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ICC Holdings, Inc. is a Pennsylvania corporation that was organized in 2016. As used in this Form 10-K, references to the "Company," "we," "us," and "our" refer to the consolidated group. On a stand-alone basis ICC Holdings, Inc. is referred to as the "Parent Company." The consolidated group consists of the holding company, ICC Holdings, Inc.; Two Rivers Realty Investments, LLC, a real estate services and holding company; Beverage Insurance Agency, Inc., dba Beverage Insurance Specialty, a wholesale insurance agency; Estrella Innovative Solutions, Inc., an outsourcing company; Southern Hospitality Education, LLC, dba Katkin, a full-service food safety and education company; Guild Insurance Inc. (Guild), an operating insurance agency acquired in October 2023; and Illinois Casualty Company (ICC), an operating insurance company. ICC is an Illinois domiciled company. ICC owns Two Rivers Inve…5 From its latest annual report

Financials

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

Key numbers, fiscal 2023

5.1%Net margin6
19.0%Revenue growth, 20236
6.4%Return on equity6
0.22×Debt to equity6
$7.9MFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Other costs93¢$77.4M
  • Income tax2¢$1.3M
  • Profit5¢$4.3M

Out of $82.9M in revenue.6

Where each dollar of operating cash went, fiscal 2023

  • Capital spending7¢$617.3K
  • Share buybacks5¢$405.5K
  • Kept or used elsewhere88¢$7.5M

Out of $8.5M of cash from operations.6

Financial statements

Revenue78910116$82.9M in 2023+72% since 2017
0$25.0M$50.0M$75.0M$100.0M2017: $48.2M$48.2M20172018: $51.2M$51.2M2018+6%2019: $59.5M$59.5M2019+16%2020: $56.5M$56.5M2020−5%2021: $61.4M$61.4M2021+9%2022: $69.7M$69.7M2022+13%2023: $82.9M$82.9M2023+19%
Net income78910116$4.3M in 2023+501% since 2017
-$2.0M0$2.0M$4.0M$6.0M2017: $707.9K$707.9K20172018: $893.3K$893.3K2018+26%2019: $4.3M$4.3M2019+381%2020: $3.5M$3.5M2020−18%2021: $4.1M$4.1M2021+17%2022: -$581.7K-$581.7K20222023: $4.3M$4.3M2023
Fiscal year2017201820192020202120222023
Revenue$48.2M7$51.2M8$59.5M9$56.5M10$61.4M11$69.7M6$82.9M6
Interest
Income before tax$5.0M11-$721.8K6$5.5M6
Income tax$372.3K7$106.1K8$787.2K9$1.0M10$815.1K11-$140.2K6$1.3M6
Net income$707.9K7$893.3K8$4.3M9$3.5M10$4.1M11-$581.7K6$4.3M6
Earnings per share$0.227$0.298$1.439$1.1710$1.3611-$0.196$1.446
Earnings per share (diluted)$0.227$0.298$1.429$1.1610$1.3511-$0.196$1.436
Shares (weighted, basic)3.0M shares113.0M shares62.9M shares6
Shares (weighted, diluted)3.1M shares113.0M shares63.0M shares6

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Corporate structure

ICC Holdings, Inc. sits at the top of its group. 6 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of ICC Holdings, Inc.

  • ICC Holdings, Inc. Wyalusing, Pennsylvania, United States
    • Beverage Insurance Agency, Inc. Subsidiary · Illinois, United States
    • Estrella Innovative Solutions, Inc. Subsidiary · Illinois, United States
    • ICC Realty, LLC Subsidiary · Illinois, United States
    • Illinois Casualty Company Subsidiary · Illinois, United States
    • Southern Hospitality Education, LLC, dba Katkin Subsidiary · Missouri, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What ICC Holdings, Inc. 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$10.3M6 Dec 31, 2023$9.9M6 Dec 31, 2022+4.2%
Accumulated depreciation$7.0M6 Dec 31, 2023$6.6M6 Dec 31, 2022+6.1%
Property and equipment, net$3.3M6 Dec 31, 2023$3.3M6 Dec 31, 2022+0.4%

Real estate and locations

ItemLatestA year beforeChange
Real estate investments, net$5.9M6 Dec 31, 2023$6.0M6 Dec 31, 2022−1.5%
Real estate accumulated depreciation$682.4K6 Dec 31, 2023$609.3K6 Dec 31, 2022+12.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.5M6 Dec 31, 2023$3.1M6 Dec 31, 2022−52.9%
Debt securities available for sale$111.0M6 Dec 31, 2023$93.4M6 Dec 31, 2022+18.8%
Equity securities at fair value$15.1M6 Dec 31, 2023$23.2M6 Dec 31, 2022−35.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Finite-lived intangibles, gross$1.1M6 Dec 31, 2023$47.5K6 Dec 31, 2022+2117.4%
Accumulated amortization$52.4K6 Dec 31, 2023$19.8K6 Dec 31, 2022+164.7%

Leadership

Who has led ICC Holdings, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Arron K. Sutherland2017–2025

President

  1. Arron K. Sutherland2017–2025
20202025
Board members and other officers (14)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Beverage Insurance Agency, Inc. Illinois4
  • Estrella Innovative Solutions, Inc. Illinois4
  • ICC Realty, LLC Illinois4
  • Illinois Casualty Company Illinois4
  • Southern Hospitality Education, LLC, dba Katkin Missouri4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Mar 17, 20258-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights29
  2. Mar 6, 20258-K Regulation FD disclosure30
  3. Feb 25, 20258-K Regulation FD disclosure31
  4. Feb 24, 20258-K Results of operations32
  5. Jan 31, 20258-K Entered a material agreement33
  6. Dec 31, 20248-K Entered a material agreement34
  7. Nov 26, 20248-K Shareholder vote35
  8. Nov 4, 20248-K Results of operations36
  9. Oct 16, 20248-K Entered a material agreement; Executive or director change37
  10. Aug 8, 20248-K Results of operations38
  11. Jun 14, 20248-K Regulation FD disclosure39
  12. Jun 14, 20248-K Shareholder vote40
  13. Mar 28, 2017New chief executive Arron K. Sutherland becomes CEO14
  14. Jul 26, 2016Founded ICC Holdings, Inc. is founded2

Calendar

When it reported results

  1. Feb 24, 2025Reported quarterly or annual results32
  2. Nov 4, 2024Reported quarterly or annual results36
  3. Aug 8, 2024Reported quarterly or annual results38
  4. May 7, 2024Reported quarterly or annual results41
  5. Mar 5, 2024Reported quarterly or annual results42
  6. Dec 11, 2023Reported quarterly or annual results43
  7. Nov 7, 2023Reported quarterly or annual results44
  8. Aug 7, 2023Reported quarterly or annual results45

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

156 filings to the SEC since October 2021: 4 annual reports, 10 quarterly reports, 33 major events, 67 insider forms, 20 large holders, 22 other. The latest 20:

  1. Apr 23, 2025SCHEDULE 13G/A EDGAR
  2. Mar 24, 202515-12G EDGAR
  3. Mar 17, 20254 EDGAR
  4. Mar 17, 20254 EDGAR
  5. Mar 17, 20254 EDGAR
  6. Mar 17, 20254 EDGAR
  7. Mar 17, 20254 EDGAR
  8. Mar 17, 20254 EDGAR
  9. Mar 17, 20254 EDGAR
  10. Mar 17, 20254 EDGAR
  11. Mar 17, 20254 EDGAR
  12. Mar 17, 20254 EDGAR
  13. Mar 17, 20254 EDGAR
  14. Mar 17, 20258-K EDGAR
  15. Mar 17, 2025S-8 POS EDGAR
  16. Mar 17, 2025SCHEDULE 13G/A EDGAR
  17. Mar 17, 2025SCHEDULE 13D/A EDGAR
  18. Mar 6, 20258-K EDGAR
  19. Feb 25, 20258-K EDGAR
  20. Feb 24, 20258-K EDGAR

The 156 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.

Insider trades

18 open-market trades by officers, directors and large owners since October 2021: 5 buys and 13 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 13, 2024Sutherland Arron K.President and CEOBuy4,975$22.30$110.9KForm 4
Jun 13, 2024Smith Michael R.Chief Financial OfficerBuy3,500$22.30$78.0KForm 4
Nov 13, 2023Sutherland Arron K.President and CEOBuy650$16.00$10.4KForm 4
Mar 8, 2023Smith Michael R.Chief Financial OfficerBuy2,000$15.75$31.5KForm 4
Nov 14, 2022Sutherland Arron K.President and CEOBuy701$15.55$10.9KForm 4
Feb 15, 2022Rock Island Investors, LLC10% ownerSale5,000$16.50$82.5KForm 4
Feb 14, 2022Rock Island Investors, LLC10% ownerSale95$17.00$1.6KForm 4
Feb 10, 2022Rock Island Investors, LLC10% ownerSale10$17.00$170Form 4
Feb 1, 2022Rock Island Investors, LLC10% ownerSale4,503$16.75$75.4KForm 4
Jan 14, 2022Rock Island Investors, LLC10% ownerSale30$17.40$522Form 4
Jan 6, 2022Rock Island Investors, LLC10% ownerSale6$17.40$104Form 4
Jan 3, 2022Rock Island Investors, LLC10% ownerSale5$17.40$87Form 4
Dec 29, 2021Rock Island Investors, LLC10% ownerSale9$17.40$157Form 4
Dec 28, 2021Rock Island Investors, LLC10% ownerSale110$17.40$1.9KForm 4
Dec 22, 2021Rock Island Investors, LLC10% ownerSale6$17.40$104Form 4
Dec 17, 2021Rock Island Investors, LLC10% ownerSale240$17.40$4.2KForm 4
Dec 17, 2021Rock Island Investors, LLC10% ownerSale5,000$16.80$84.0KForm 4
Dec 10, 2021Rock Island Investors, LLC10% ownerSale91$16.80$1.5KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How ICC Holdings, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARICC Holdings, Inc.1
  • CIK0001681903
  • Employer ID (EIN)81-33594091
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inPennsylvania1
  • Fiscal year endsDecember 311
  • Industry code (SIC)6331 Fire, Marine & Casualty Insurance1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address225 20Th Street, Rock Island, IL 612011
  • Phone309-793-17001
  • Shares outstanding3,138,580 as of Nov 7, 202413
  • Public float$31.6M as of Jun 30, 202352
  • On EDGAR sinceAug 12, 20161
  • Filings400 in all: 4 (180), 8-K (69), 10-Q (24), 3 (20), SC 13G/A (19), 10-K (8), DEF 14A (7), DEFA14A (7)1
    All 39 form types

    SC 13D/A (6), SC 13G (6), UPLOAD (6), S-1/A (5), DFAN14A (4), 10-K/A (3), 4/A (3), CORRESP (3), SC 13D (3), SCHEDULE 13G/A (3), DEFC14A (2), DFRN14A (2), PREC14A (2), 10-Q/A (1), 15-12G (1), 25-NSE (1), 3/A (1), 424B2 (1), 5 (1), 8-A12B (1), CERTNAS (1), CT ORDER (1), DEFM14A (1), DRS (1), EFFECT (1), PREM14A (1), S-1 (1), S-8 (1), S-8 POS (1), SCHEDULE 13D/A (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 28, 2024
    Quarterly report (10-Q) Nov 14, 2024
    Proxy statement (DEF 14A) Apr 5, 2023
    Latest 8-K (8-K) Mar 17, 2025

Sources

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