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Florianópolis se prepara para ser primeira capital lixo zero do Brasil, por Ricardo Lastoria

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Hoje, Florianópolis já ganha R$ 6,6 milhões ao ano com os recicláveis que desvia do aterro sanitário. Entre o que deixa de gastar com aterro para orgânicos que são compostados e com recicláveis secos que são doados para associações de triadores.

Pelas metas Floripa Lixo Zero 2030, quando mais de 100 mil toneladas deixarão de ir para o aterro ao ano, esses ganhos deverão subir para R$ 40 milhões ao ano e o custo com aterro cair de R$ 29 milhões para R$ 15,8 milhões. Essa conta só fecha, se o cidadão separar mais e melhor.

Metas até 2030

Ao decidir encaminhar os resíduos orgânicos para compostagem no seu quintal ou em pátios comunitários, o morador ajudará a cidade a deixar de encaminhar mais de 100 mil toneladas por ano ao aterro sanitário em 2030. São as metas do Plano Municipal Integrado de Gerenciamento de Resíduos Sólidos, aprovado pela sociedade, e que a Prefeitura de Florianópolis pretende antecipar.

“Serão quase R$ 40 milhões em ganhos ao ano, sem contar as vantagens ambientais, a redução na emissão de carbono tanto no aterro quanto na coleta. É só imaginar que Florianópolis deixará de mandar para o aterro, lá em Biguaçu, a 46 quilômetros do Itacorubi, algo como 27 caminhões de lixo por dia”, aponta Márcio Alves. Se acrescentar a meta de desvio dos recicláveis secos, com maior participação das pessoas na coleta seletiva da Comcap, será como 40 caminhões de lixo a menos por dia a caminho do aterro sanitário.

Reciclagem de hábitos

A primeira atitude é de reduzir a geração de lixo. Quanto o resíduo é produzido, há apenas três caminhos: reciclagem (coleta seletiva de recicláveis secos como papel, vidro, metal e plástico), aterro sanitário (rejeito recolhido pela coleta convencional) e compostagem para os resíduos orgânicos como restos de alimentos e podas.

Na última década, Florianópolis foi a capital que mais cresceu no Sul do Brasil. De um ano para outro, a população aumentou em média 2,5%. Mas, com alto poder de consumo, grande atração regional e orla turística, a geração de lixo aumentou muito mais, à razão de 6% ao ano.

De tudo que é gerado em Florianópolis, por moradores e visitantes, caracteriza o presidente da Comcap, 78% poderiam ser reaproveitados, apenas 22% são rejeito, como lixo sanitário que, de qualquer jeito, terá disposição final em aterro. A meta é que em 2030, a cidade desvie do aterro sanitário 90% dos resíduos orgânicos gerados e 60% dos recicláveis secos.

O tratamento dos resíduos exige nova ética, novo design e, principalmente, que os hábitos sejam reciclados. Acabou o tempo para uma sociedade que joga coisas fora, o modelo produtivo de retirada e descarte de materiais da natureza está sendo substituído por economia circular e regenerativa. “É disso que precisamos participar, temos de tornar Florianópolis a primeira capital lixo zero do Brasil“, propõe Márcio Alves.

ENTREVISTA

Márcio Luiz Alves, presidente da Comcap

Como será possível reciclar mais em Florianópolis?

O objetivo da Prefeitura de Florianópolis, por meio da Comcap, é focar no resíduo que pode ser recuperado, reaproveitado. Isso passa pela reeducação da comunidade e pela melhoria da estrutura da Comcap para poder coletar. A ideia do lixo zero é essa e vamos começar a separação dos resíduos em três frações (orgânicos, recicláveis secos e rejeito) inclusive nos órgãos públicos municipais.

Tudo está muito voltado à reeducação, ninguém muda a cultura, mas a educação muda atitudes. A pessoa tem de começar a separar de maneira adequada e a Comcap ampliará a estrutura para coletas diferenciadas. Dou um exemplo da mudança que já ocorre. Antes, a Comcap fazia licitação para compra de equipamentos e 90% eram para a coleta convencional. As licitações em curso, são o inverso, 90% para a coleta seletiva e 10% para a convencional, já partindo para esse novo momento de tornar a capital uma cidade lixo zero.

Quem deve se preocupar com essa meta?

A meta é da cidade. O desempenho de Florianópolis é razoável, mas muito aquém do que nos interessa. Nosso custo de disposição final, com o aterro, é muito alto. Isso pode ser reduzido em torno de 70%. Vamos ampliar de forma significativa a coleta exclusiva de vidro e inovar com a coleta verde, de restos de grama e podas.  

Temos 28 pontos de entrega voluntária de vidro (PEVs). Estamos em negociação com empresa para aumentar em mais 20 e temos a possibilidade de aquisição imediata de mais 30 PEVs. Nosso objetivo é, no final do ano que vem, Florianópolis estar com 168 PEVs que é o cálculo para atender os principais pontos de geração de embalagens de vidro.

Quais são as linhas de atuação previstas para a Comcap?

São várias linhas de atuação. Tanto na questão do reciclável seco, quanto do reciclável orgânico e numa nova linha que a Comcap tem trabalhado que é o controle da informação.

Os índices que a Comcap apresenta hoje não são do município, mas apenas da Comcap. Pesa-se tudo o que passa pela balança da Comcap. Mas a meta de desvio do aterro sanitário é do município e não da Comcap, então temos de evoluir no controle da informação. A Comcap hoje desvia do aterro sanitário, por meio da reciclagem, 6% do total de resíduos coletados. Mas há outras empresas que atuam com grandes geradores, mantém contratos de destino só de papelão ou outros materiais. Essas empresas já fazem o trabalho de desvio de resíduos gerados em Florianópolis que também devem ser computados nesse índice.

Vamos alinhar e acertar o controle da informação para saber realmente quanto o município está desviando do aterro, por meio da reciclagem, e não exclusivamente a Comcap. Hoje o índice da Comcap é de 6%, mas somando-se o orgânico, papel e papelão, metal, acredita-se que deve passar de 10%.

Florianópolis já foi contemplada com recursos do Fundo Nacional de Meio Ambiente, com mais de R$ 1 milhão. A partir desse primeiro semestre, será implantada a coleta de orgânicos por pontos, é piloto ainda, mas vai contribuir muito para o desvio de resíduos orgânicos do aterro sanitário. Hoje são cinco toneladas por dia destinadas à compostagem só no Centro de Valorização de Resíduos (CVR) e a meta é dobrar para 10 toneladas dia só ali na Bacia do Itacorubi.

Essa coleta de orgânicos por ponto, pelo sistema público de coleta, é inédita no Brasil. O piloto vai abranger a Bacia do Itacorubi e região do Monte Verde. Vão ser disponibilizados pontos onde a pessoa levará o resíduo orgânico, a Comcap recolherá para tratar, através da compostagem no CVR. Nas bases Sul e Norte da Ilha, a Comcap vai atuar com parceiros, para também ampliar o processo de compostagem. Também será implantada, ainda no primeiro semestre, a coleta exclusiva de verdes. Foi uma surpresa perceber que 11% da coleta convencional são resíduos verdes, como grama e poda. Mandamos para o aterro em 2018, 193 mil toneladas, então em torno de 20 mil toneladas são resíduos verdes que pagamos para enterrar em Biguaçu. Se conseguir desviar isso do aterro, será matéria prima para compostagem. Se recuperar também os restos de alimentos por meio da compostagem nas casas e nas comunidades, Florianópolis poderá deixar de mandar 27 caminhões de lixo por dia para o aterro. Além de diminuir o custo com aterro, passaremos a gerar mais renda para empresas, associações, famílias.

Mapa dos resíduos movimentados em 2018 pela Comcap

Orgânicos encaminhados para compostagem 3,4 mil toneladas/ano ganhos de R$ 614 mil (R$ 520 mil em economia com aterro e R$ 94,5 mil em valor com cepilho e composto produzidos).

Coleta seletiva (porta a porta, pontos de entrega voluntária e Ecopontos) 12 mil toneladas/ano doação associações de catadores ganhos de R$ 6 milhões (R$ 1,8 milhão em economia com aterro e R$ 4,3 milhões em receitas geradas para 240 famílias que trabalham nas associações da Grande Florianópolis)

Coleta convencional (rejeito)  193,8 mil toneladas/ano custo destino final aterro sanitário = R$ 29 milhões.

Ciclo Floripa Lixo Zero meta 2030

Orgânicos encaminhados para compostagem 65,9 mil toneladas/ano ganhos de R$ 11,7 milhões (R$ 9,9 milhões em economia com aterro e R$ 1,8 milhão em valor com cepilho e composto produzidos)

Coleta seletiva (porta a porta, pontos de entrega voluntária e Ecopontos) 54 mil toneladas/ano doação associações de catadores ganhos de R$ 27,6 milhões  (R$ 8 milhões em economia com aterro e R$ 19,4 milhões em receitas com encaminhamento para reciclagem)

Coleta convencional (rejeito)  89 mil toneladas/ano custo destino final aterro sanitário = R$ 13,5 milhões (redução de R$ 15,8 milhões em relação a 2018).

Fonte:  Ricardo Lastoria @ticolastoria
Assessoria: Marcio Demari / Escritório Digital: 48-9 8834-8552

Foto – https://mma.prnewswire.com/media/1499333/Florianopolis.jpg

FONTE Edmar Ricardo Lastoria

SOURCE Edmar Ricardo Lastoria

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HITEC 100 2022 – El periodo de nominaciones ya está abierto

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CHICAGO, 11 de mayo de 2021 /PRNewswire-HISPANIC PR WIRE/ — HITEC, la organización mundialmente reconocida en liderazgo organizacional de máximo nivel para ejecutivos sénior y de tecnología, está recibiendo nominaciones para sus prestigiosos Premios HITEC 100 hasta el 16 de julio de 2021.

¡Envíe su nominación hoy! Haga clic aquí para conocer los criterios y el formulario de nominación para el HITEC 100.

El premio HITEC 100 hace un reconocimiento y celebra las contribuciones y los logros de los ejecutivos y emprendedores hispanos más influyentes y destacados en la industria de la tecnología. Desde 2008, la misión del HITEC 100 ha sido reconocer a los ejecutivos excepcionales que se destacan en el negocio de la tecnología, que inspiran a los jóvenes a seguir carreras en esta área, y que motivan a los profesionales a seguir destacándose y conectándose con las comunidades hispanas alrededor del mundo.

Conozca a los ganadores anteriores del Premio HITEC 100: Ganadores del Premio HITEC 100 2021 

Acerca de HITEC:

Creada para aumentar la representación hispana en la industria tecnológica con grandes retos en términos de diversidad, HITEC es una importante organización global de líderes ejecutivos sénior y de tecnología que han construido carreras sobresalientes en la tecnología. La red de alto nivel de HITEC abarca el continente americano y se enfoca en construir líderes ejecutivos y tecnológicos, equipos de liderazgo, corporaciones y modelos más sólidos en un mundo en rápida evolución, digital y centrado en la tecnología. Algunos de estos ejecutivos hispanos representan corporaciones Global 1000, mientras que otros lideran algunas de las firmas de tecnología propiedad de hispanos más grandes en todo el continente americano. HITEC hace posible el crecimiento empresarial y profesional de sus miembros, y alimenta la cantera de ejecutivos con la siguiente generación de líderes hispanos de tecnología.

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FUENTE HITEC

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SOURCE HITEC

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Yakima Chief Hops lanza un nuevo producto para llevar el verdadero aroma del lúpulo a las cervezas de todo el mundo

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En 2017, YCH lanzó una línea de innovadores productos de lúpulo conocida como Cryo Hops® que utilizan una tecnología de procesamiento criogénico de lúpulo que separa conos enteros en dos componentes: lupulina y brácteas concentradas. Estos gránulos de lupulina concentrada proporcionan a los fabricantes de cerveza un máximo impacto de aroma, a la vez que reducen los efectos negativos que experimentan en la elaboración de cervezas lupuladas. Desde entonces, la marca Cryo Hops® ha sido reconocida en etiquetas de cerveza de todo el mundo.  

YCH combinó este nuevo proceso con técnicas de análisis de laboratorio del lúpulo de última generación para crear la mezcla Original Cryo Pop™, antes conocida como prueba combinada TRI 2304CR. El centro de I+D de YCH alberga uno de los únicos laboratorios del mundo con la capacidad de analizar lúpulos a través de la tecnología GC-QTOF y GC-SCD y estudiar componentes aromáticos que antes no se podían detectar.

La información se emplea para diseñar gránulos de lúpulo que contienen altas concentraciones de los compuestos más solubles de la cerveza o compuestos que sobreviven al proceso de elaboración. El resultado son gránulos supercargados que ofrecen a los fabricantes de cerveza una solución dinámica para aplicaciones jugosas, frutales y altamente aromáticas, que incluyen potentes aromas tropicales, de frutales con carozo y cítricos. 

“La investigación detrás de Cryo Pop es revolucionaria”, afirmó Spencer Tielkemeier, director de Ventas de la División Este de YCH y miembro del equipo Brewing Innovations. “Ayuda a los fabricantes a aprovechar los conocimientos prácticos de cómo influyen en el producto terminado los compuestos solubles en la cerveza”.

Cryo Pop™ Original Blend está disponible tanto para nivel comercial como para los productores artesanales a través de shop.yakimachief.com. Visite cryopopblend.com para obtener más información.

Yakima Chief Hops

YCH es un proveedor global de lúpulo 100 % propiedad de productores cuya misión es conectar a los fabricantes con las granjas familiares de producción de lúpulo. Con más de 30 años de funcionamiento, nos hemos convertido en más que un proveedor de lúpulo. Somos líderes en innovación, calidad y servicio al cliente. Somos un recurso para los productores y ofrecemos productos basados en soluciones e investigación líder en la industria. Somos defensores de la sostenibilidad y de causas sociales significativas, y trabajamos para apoyar el medioambiente y las comunidades que nos rodean. https://www.yakimachief.com/

Fotografía: https://mma.prnewswire.com/media/1507656/Cryo_Pop.jpg 
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FUENTE Yakima Chief Hops

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Walker & Dunlop Completes $55 Million Sale for Trophy Multifamily Community in Los Angeles, CA

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In addition to its spacious units, The Estelle offers residents a resort-style living experience with a state-of-the-art fitness center, Mediterranean pool, and ample green space, including three landscaped rooftops. Situated within a mostly residential neighborhood, The Estelle features stunning views of Los Angeles while also offering convenient access to the city’s employment nodes, dining, culture, nature, and retail.

The sale was handled by Walker & Dunlop’s Blake RogersHunter Combs, Alexandra Caniglia, and Javier Rivera. Mr. Rogers commented, “Class A transactions in Los Angeles have been rare since the onset of the pandemic, with The Estelle representing just the fourth closing of an institutional quality asset in the city since April 2020. While we anticipate Class A sale velocity to accelerate as a result of the rapidly-improving multifamily fundamentals, this sale and solid leasing performance during this environment speaks to the fact that Canfield Development created an unparalleled asset with unique, wellness- and environmentally-minded features that cater perfectly to Los Angeles renters. This property will undoubtedly see durable and resilient growth for years to come.”

“We are very proud of The Estelle and how the building came out. It’s one of the most beautiful buildings we’ve developed, with a thoughtful, luxurious design, exceptional amenities, and sweeping views of the city. We’re confident that the high-quality, infill asset will prove to be a highly valuable investment for The Green Cities Company,” said Serge Shirikjian, CFO of Canfield Development. “Walker & Dunlop’s team was an excellent partner in facilitating this disposition, and we look forward to working with them again as we continue to build our signature communities throughout Southern California.”

Walker & Dunlop is a leader in multifamily property sales, having completed $6.1 billion in property sales volume in 2020. The firm was also the top provider of capital to the U.S. multifamily market, originating $30.8 billion in transactions and lending over $24 billion for multifamily properties in 2020. For information about Walker & Dunlop’s view on the apartment market, read our recently-released Spring 2021 Multifamily Outlook Report.

About Walker & Dunlop
Walker & Dunlop (NYSE: WD), headquartered in Bethesda, Maryland, is one of the largest commercial real estate finance companies in the United States. The company provides a comprehensive range of capital solutions for all commercial real estate asset classes, as well as investment sales brokerage services to owners of multifamily properties. Walker & Dunlop is included on the S&P SmallCap 600 Index and was ranked as one of FORTUNE Magazine’s Fastest Growing Companies in 2014, 2017, and 2018. Walker & Dunlop’s 1,000+ professionals in 38 offices across the nation have an unyielding commitment to client satisfaction.

About The Green Cities Company
The Green Cities Company has driven innovation in real estate investment management for over a decade through the confluence of environmental, social and investment value. With this forward-thinking strategy and fully integrated in-house expertise, the firm acquires, manages and develops office, mixed-use and multi-family assets. Deep experience in select U.S. markets, combined with meaningful attention to ESG considerations, positions The Green Cities Company for enhanced tenant retention and superior operations. This differentiated approach, along with disciplined risk management, encompasses the environmental footprint of an asset, the diversity and inclusivity of its community and the wellbeing and fulfillment of its occupants and neighbors. Each member of the team is dedicated to a resilient investment portfolio that yields results to the firm’s investors, employees, tenants and communities.

About Canfield Development
Canfield Development Inc. is a vertically integrated Los Angeles based residential and mixed-use real estate development and investment company focused on high quality, infill apartments in Greater Los Angeles. Established in 1990, Canfield’s achievements are built upon expertise in development, construction, and property management. Canfield Development is a “one-stop shop” for development projects, handling everything from acquisition to construction to asset and property management. With over $1.4 billion in development experience, Canfield is one of the most trusted names in Southern California real estate development.

SOURCE Walker & Dunlop, Inc.

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ICC Holdings, Inc. Reports 2021 First Quarter Results

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ROCK ISLAND, Ill., May 11, 2021 /PRNewswire/ — ICC Holdings, Inc. (NASDAQ: ICCH) (the Company), parent company of Illinois Casualty Company, a regional, multi-line property and casualty insurance company focusing exclusively on the food and beverage industry, today reported unaudited results for the three months ended March 31, 2021.

FIRST QUARTER ENDED MARCH 31, 2021 – FINANCIAL RESULTS

Net earnings totaled $1,162,000, or $0.38 per share, for the first quarter of 2021, compared to a net loss of $1,973,000, or $0.65 per share, for the first quarter of 2020. The first quarter’s net earnings compared to the net loss for the same quarter last year was driven by strong performance in the equity investment markets. Book value per share decreased 1.4% to $21.76 at March 31, 2021 from $22.07 at December 31, 2020. This change in book value reflects a drop in our investment portfolio’s fixed income security values resulting from rising interest rates during the first quarter.

Direct premiums written grew by $377,000, or 2.5%, to $15,172,000 for the first quarter of 2021 from $14,795,000 for the same period in 2020. The first quarter growth reflects a conservative rebound in the food and beverage industry across the states we serve. Consistent with our industry’s premium earnings cycle, net premiums earned decreased by 7.4%, or $965,000, to $12,049,000 for the first quarter of 2021 from $13,014,000 for the same period in 2020.

For the first quarter of 2021, the Company ceded to reinsurers $2,472,000 of earned premiums, compared to $2,394,000 of earned premiums for the first quarter of 2020. Higher cessions in 2021 reflect the impact of increased property catastrophe costs.

Net realized investment gains net of other-than-temporary impairment losses were $187,000 for the first quarter of 2021 compared to gains of $96,000 for the same period in 2020. The first quarter’s changes from prior year reflect typical rebalancing activities within the Company’s investment portfolio.

Net investment income decreased by $34,000, or 4.1%, to $801,000 for the first quarter of 2021, as compared to $835,000 for the same period in 2020. The change is attributable to a decrease in the bond portfolio’s investment income as reinvestment rates decreased significantly in 2020.

Losses and settlement expenses decreased by $39,000, or 0.5%, to $7,803,000 for the first quarter of 2021, from $7,842,000 for the same period in 2020. This nearly no-change position year over year is consistent with our pre-COVID-19 claims activity through the first half of March 2020, and the Company has not paid any business interruption claims related to COVID-19 thus far.

Policy acquisition costs and other operating expenses decreased by $297,000, or 6.2%, to $4,468,000 for the first quarter of 2021 from $4,765,000 for the same period in 2020 due to a decrease in compensation and benefit-related expenses.

Total assets decreased by 0.6% from $183,939,000 at December 31, 2020 to $182,744,000 at March 31, 2021. Our investment portfolio, which consists of fixed income securities, common stocks, preferred stock, property held for investment, and other invested assets, decreased by 0.4% from $129,322,000 at December 31, 2020 to $128,850,000 at March 31, 2021.

FIRST QUARTER ENDED MARCH 31, 2021 – FINANCIAL RATIOS

The Company’s losses and settlement expense ratio (defined as losses and settlement expenses divided by net premiums earned) was 64.8% for the first quarter ended March 31, 2021, compared with 60.3% for the same period of 2020. The increase in our losses and settlement expense ratio is a direct result of lower earned premiums in the first quarter of 2021 compared to prior year’s first quarter.

The expense ratio (defined as the amortization of deferred policy acquisition costs and underwriting and administrative expenses divided by net premiums earned) was 37.1% for the first quarter ended March 31, 2021, compared to 36.6% for the same period of 2020. This was driven by the 7.4% decrease in net earned premiums discussed earlier.

The Company’s GAAP combined ratio (defined as the sum of the losses and settlement expense ratio and the expense ratio) was 101.8% for the first quarter ended March 31, 2021, compared to 96.9% for the same period of 2020.

MANAGEMENT COMMENTARY

“The Company welcomed in the new year with positive premium growth and lower losses in its first quarter. As many states relaxed their pandemic-related mandates during the first quarter, we bolstered our underwriting efforts, capitalizing on our cross-departmental expertise to support aggressive and quality growth in our book of business without increasing employee head count.   

“We are cautiously optimistic about the year ahead. While experiencing strong premium growth and managing claims risks, we are also maintaining a diligent approach in assessing the investment portfolio’s interest rate sensitivity. Thus far, our success with top-line growth in the first quarter contributed to a positive $0.38 earnings per share and a nearly 15% growth in book value per share over the same period last year. 

“While we keep the focus on the core business, we continue to invest time and energy on our proprietary technology which supports enterprise-wide operational efficiencies. I’m happy to say that the business climate in our niche is improving as the public becomes more comfortable visiting restaurants and taverns. We foresee a gradual increase in premium growth and look forward to continued successes in 2021,” stated Arron Sutherland, President and Chief Executive Officer.

ABOUT ICC HOLDINGS, INC.

ICC Holdings, Inc. is a vertically integrated company created to facilitate the growth, expansion, and diversification of its subsidiaries in order to maximize value to its stakeholders. The group of companies consolidated under ICC Holdings, Inc. engages in diverse, yet complementary business activities, including property and casualty insurance, real estate, and information technology.

The Company’s common shares trade on the NASDAQ Capital Market under the ticker symbol “ICCH”. For more information about ICC Holdings, visit http://ir.iccholdingsinc.com.

FORWARD-LOOKING STATEMENTS

This press release, and oral statements made regarding the subjects of this release, contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, or the Reform Act, which may include, but are not limited to, statements regarding the Company’s, plans, objectives, expectations, and intentions and other statements contained in this press release that are not historical facts, including statements identified by words such as “believe,” “plan,” “seek,” “expect,” “intend,” “estimate,” “anticipate,” “will,” and similar expressions. All statements addressing operating performance, events, or developments that the Company expects or anticipates will occur in the future, including statements relating to revenue and profit growth; future responses to and effects of the COVID-19 pandemic, as well the distribution and effectiveness of COVID-19 vaccines, including their effects on our business operations and claims activity; new theories of liability; judicial, legislative, regulatory and other governmental developments, including, but not limited to, liability related to business interruption claims related to COVID-19; litigation tactics and developments; product and segment expansion; regulatory approval in connection with expansion; and market share, as well as statements expressing optimism or pessimism about future operating results, are forward-looking statements within the meaning of the Reform Act. The forward-looking statements are based on management’s current views and assumptions regarding future events and operating performance, and are inherently subject to significant business, economic, and competitive uncertainties and contingencies and changes in circumstances, many of which are beyond the Company’s control. The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not undertake any obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release. 

Although the Company does not make forward-looking statements unless it believes it has a reasonable basis for doing so, the Company cannot guarantee their accuracy. The foregoing factors, among others, could cause actual results to differ materially from those described in these forward-looking statements. For a list of other factors which could affect the Company’s results, see the Company’s filings with the Securities and Exchange Commission, “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations,” including “Forward-Looking Information,” set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. No undue reliance should be placed on any forward-looking statements.

ICC Holdings, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets











As of



March 31,


December 31,



2021


2020




(Unaudited)




Assets







Investments and cash:







Fixed maturity securities (amortized cost – $97,695,883 at 3/31/2021 and $98,753,027 at 12/31/2020)


$

101,865,040


$

105,740,566

Common stocks at fair value



18,404,167



14,724,814

Preferred stocks at fair value



1,654,530



1,683,892

Other invested assets



1,777,792



1,772,867

Property held for investment, at cost, net of accumulated depreciation of $464,847 at 3/31/2021 and $465,364 at 12/31/2020



5,148,152



5,399,826

Cash and cash equivalents



5,556,479



6,598,842

Total investments and cash



134,406,160



135,920,807

Accrued investment income



700,153



660,793

Premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of $150,000 at 3/31/2021 and 12/31/2020



22,598,051



23,506,171

Ceded unearned premiums



861,914



860,905

Reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of $0 at 3/31/2021 and 12/31/2020



14,011,159



13,019,865

Federal income taxes



338,908



372,986

Deferred policy acquisition costs, net



5,721,277



5,429,620

Property and equipment, at cost, net of accumulated depreciation of $6,196,657 at 3/31/2021 and $6,079,728 at 12/31/2020



2,818,244



2,860,331

Other assets



1,287,738



1,307,794

Total assets


$

182,743,604


$

183,939,272

Liabilities and Equity







Liabilities:







Unpaid losses and settlement expenses


$

61,807,968


$

61,575,666

Unearned premiums



30,467,894



29,788,834

Reinsurance balances payable



347,506



371,195

Corporate debt



13,462,614



13,465,574

Accrued expenses



3,021,753



3,472,511

Income taxes – deferred



910,957



1,231,271

Other liabilities



944,113



1,290,532

Total liabilities



110,962,805



111,195,583

Equity:







Common stock1



35,000



35,000

Treasury stock, at cost2



(3,095,065)



(3,153,838)

Additional paid-in capital



32,765,565



32,780,436

Accumulated other comprehensive earnings, net of tax



3,293,569



5,520,091

Retained earnings



41,302,055



40,140,115

Less: Unearned Employee Stock Ownership Plan shares at cost3



(2,520,325)



(2,578,115)

Total equity



71,780,799



72,743,689

Total liabilities and equity


$

182,743,604


$

183,939,272


1Par value $0.01; authorized: 2021 – 10,000,000 shares and 2020 – 10,000,000 shares; issued: 2021 – 3,500,000 shares and 2020 – 3,500,000 shares; outstanding: 2021 – 3,295,255 and 2020 – 3,291,125 shares

22021 – 204,745 shares and 2020 – 208,875 shares

32021 – 252,032 shares and 2020 – 257,811 shares

ICC Holdings, Inc. and Subsidiaries

Condensed Consolidated Statements of Earnings and Comprehensive Earnings (Unaudited)











For the Three-Months Ended



March 31,



2021


2020

Net premiums earned


$

12,048,713


$

13,013,989

Net investment income



801,406



835,400

Net realized investment gains



186,709



95,632

Net unrealized gains (losses) on equity securities



876,316



(3,689,347)

Other income



46,716



50,198

Consolidated revenues



13,959,860



10,305,872

Losses and settlement expenses



7,802,706



7,842,082

Policy acquisition costs and other operating expenses



4,467,578



4,764,974

Interest expense on debt



53,702



35,328

General corporate expenses



163,982



174,421

Total expenses



12,487,968



12,816,805

Earnings (loss) before income taxes



1,471,892



(2,510,933)

Total income tax expense (benefit)



309,951



(537,637)

Net earnings (loss)


$

1,161,941


$

(1,973,296)








Other comprehensive loss, net of tax



(2,226,522)



(1,710,846)

Comprehensive loss


$

(1,064,581)


$

(3,684,142)








Earnings per share:







Basic:







Basic net earnings (loss) per share


$

0.38


$

(0.65)

Diluted:







Diluted net earnings (loss) per share


$

0.38


$

(0.65)








Weighted average number of common shares outstanding:







Basic



3,034,233



3,016,062

Diluted



3,044,479



3,020,458






Contact Info:    Arron K. Sutherland, President and CEO 



Illinois Casualty Company



(309) 732-0105



[email protected] 



225 20th Street, Rock Island, IL  61201

SOURCE ICC Holdings, Inc.

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