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Financial Information

 

Selected financial highlights for the three-months ended as of March 31, 2018

 

1347 Property Insurance Holdings, Inc.

  • Shareholders’ Equity of $64.6 million
  • Total Revenues of $13.5 million
  • Net Income of $1.95 million
  • Earnings per share of $0.33
  • Book Value per Share $7.86

Maison Insurance Company

  • Demotech FSR affirmed A Exceptional Rating on May 18, 2018
  • Policies inforce of approximately 51,900 a 43% increase year over year
  • Combined ratio of 84.3%
  • Statutory net income of $2.8 million
  • Statutory surplus of over $41.3 million
  • Admitted assets of $93.6 million ($77.8 million of cash and invested assets)
  • Gross premium written to surplus ratio of 1.6 to 1
  • RBC ratio above 360, as of December 31, 2017

Major Reinsurance Partners

Per Risk Program

  • General Reinsurance Corp (US Domestic A++ rated A.M. Best)

Catastrophe Excess of Loss and Aggregate Programs

  • Allianz Risk Transfer (Nephila) (Aggregate Layers) (A A.M. Best rated)
  • Axis Specialty Limited (A + A.M. Best rated)
  • DaVinci Reins Ltd. Bermuda Authorized (A A.M. Best rated)
  • Everest Reins Co. US Authorized (A + A.M. Best rated)
  • Numerous Lloyds of London Syndicated All Authorized (A A.M. Best rated)
  • Renaissance Reinsurance Limited (A + A.M. Best rated)

ASSOCIATIONS