Company Quick10K Filing
Amerinst Insurance Group
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 1 $-0
10-Q 2019-11-13 Quarter: 2019-09-30
10-Q 2019-08-12 Quarter: 2019-06-30
10-Q 2019-05-14 Quarter: 2019-03-31
10-K 2019-03-29 Annual: 2018-12-31
10-Q 2018-11-14 Quarter: 2018-09-30
10-Q 2018-08-10 Quarter: 2018-06-30
10-Q 2018-05-14 Quarter: 2018-03-31
10-K 2018-03-29 Annual: 2017-12-31
10-Q 2017-11-14 Quarter: 2017-09-30
10-Q 2017-08-15 Quarter: 2017-06-30
10-Q 2017-05-12 Quarter: 2017-03-31
10-K 2017-03-31 Annual: 2016-12-31
10-Q 2016-11-14 Quarter: 2016-09-30
10-Q 2016-08-12 Quarter: 2016-06-30
10-Q 2016-05-13 Quarter: 2016-03-31
10-K 2016-03-28 Annual: 2015-12-31
10-Q 2015-11-13 Quarter: 2015-09-30
10-Q 2015-08-13 Quarter: 2015-06-30
10-Q 2015-05-14 Quarter: 2015-03-31
10-K 2015-03-26 Annual: 2014-12-31
10-Q 2014-11-14 Quarter: 2014-09-30
10-Q 2014-08-14 Quarter: 2014-06-30
10-Q 2014-05-14 Quarter: 2014-03-31
10-K 2014-03-25 Annual: 2013-12-31
10-Q 2013-11-14 Quarter: 2013-09-30
10-Q 2013-08-14 Quarter: 2013-06-30
10-Q 2013-05-14 Quarter: 2013-03-31
10-K 2013-03-28 Annual: 2012-12-31
10-Q 2012-11-14 Quarter: 2012-09-30
10-Q 2012-08-14 Quarter: 2012-06-30
10-Q 2012-05-14 Quarter: 2012-03-31
10-K 2012-03-29 Annual: 2011-12-31
10-Q 2011-11-14 Quarter: 2011-09-30
10-Q 2011-08-12 Quarter: 2011-06-30
10-Q 2011-05-12 Quarter: 2011-03-31
10-K 2011-03-25 Annual: 2010-12-31
10-Q 2010-11-12 Quarter: 2010-09-30
10-Q 2010-08-13 Quarter: 2010-06-30
10-Q 2010-05-14 Quarter: 2010-03-31
10-K 2010-03-29 Annual: 2009-12-31
8-K 2019-06-06 Shareholder Vote
8-K 2018-06-05 Shareholder Vote

Amerinst Insurance Group Financials

AIGT Metrics, Comps, Filings

Annual | Quarterly

Business

Unless otherwise indicated by the context, in this annual report we refer to AmerInst Insurance Group, Ltd. and its subsidiaries as the "Company," "AmerInst," "we", "our" or "us." "AMIC Ltd." means AmerInst's wholly owned subsidiary, AmerInst Insurance Company, Ltd. "Protexure" means Protexure Insurance Agency, Inc. (formerly AmerInst Professional Services, Limited), a Delaware corporation and wholly owned subsidiary of AmerInst Mezco, Ltd. ("Mezco") which is a wholly owned subsidiary of AmerInst. "Investco" means AmerInst Investment Company, Ltd., a wholly owned subsidiary of AMIC Ltd. "AMIG" means our predecessor entity, AmerInst Insurance Group, Inc., a Delaware corporation. Our principal offices are c/o Citadel Management Bermuda Limited, 25 Church Street, Continental Building, P.O. Box HM 1601, Hamilton, Bermuda, HM GX.

AmerInst Insurance Group, Ltd., a Bermuda holding company, was formed in 1998. Our mission is to be a company that provides insurance protection for professional service firms and engages in investment activities. AmerInst has two operating segments: (1) reinsurance activity, which includes investments and other related activities, and (2) insurance activity, which offers professional liability solutions to professional service firms. The revenues of the reinsurance activity operating segment and the insurance activity operating segment were $8,258,126 and $5,507,405 for the year ended December 31, 2018 compared to $10,664,947 and $4,782,921 for the year ended December 31, 2017, respectively. The revenues for both operating segments were derived from business operations in the United States, other than interest income on bank accounts maintained in Bermuda.

On September 25, 2009, Protexure entered into an agency agreement (the "Agency Agreement") with The North River Insurance Company, United States Fire Insurance Company, Crum & Forster Indemnity Company, Crum and Forster Insurance Company, and Crum & Forster Specialty Insurance Company (collectively, "C&F") pursuant to which C&F appointed Protexure as an agent for the purposes of soliciting, underwriting, quoting, binding, issuing, cancelling, non-renewing and endorsing accountants' professional liability and lawyers' professional liability insurance coverage in all 50 states of the United States and the District of Columbia. The initial term of the Agency Agreement was for four years with automatic one-year renewals thereafter. The Agency Agreement automatically renewed on September 25, 2018.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
CareView Communications (CRVW) 0% 0.4 -131% 7,381 91,555 4,532 0 -9,698 1,820 695
Odenza (ODZA) 0.0 0 218 0 0 -25 -25 -0
Altair (ATAO) 0.1 -644% 9 45 0 0 -56 -54 -5
Voip-Pal.com (VPLM) 0.2 -260% 3,145 32 0 0 -8,178 -8,143 -1,942
Sandston (SDON) 0.0 -10,240% 0 23 0 0 -20 -20 -0
Postads (PTAD) 0% 0.0 -3,915% 4 454 0 0 -150 -149 -0
IGS Capital (IGSC) 22% 0.3 -18% 588 281 24 5 -105 -105 -31
Dynatrace (DT) 76% -31.5 -3% 1,775,583 2,213,212 122,550 93,007 -49,155 -29,988 945,339
Baynon (BNON) 0.6 -186% 11 145 0 0 -21 -20 -11
Diamond Cartel (DMCI) 0.0 0 109 0 0 -32 -32 -0
ECARD (ECRD) 0.0 3,445,900% 97 0 0 -34 -34 -0
Northern States Power (NSPM) 0% 5.4 3% 19,230,800 13,463,300 5,158,854 0 497,276 905,549 4,897,100
DPL (DPL) 46% 9.1 4% 1,817,700 2,264,500 784,600 364,300 75,700 145,200 1,321,500
Jiucaitong Group (JCTG) 0% -0.4 30% 3,290 803 3,372 12 993 993 -424
Dow Chemical (DOW) 21% 1.9 6% 77,378,000 50,547,000 60,278,000 12,573,000 4,633,000 9,247,000 17,505,000
Longbau (LNGB) 19% -28.9 -1% 10,768 10,289 8,034 1,542 -146 13 -384
Ticket (TICK) 29% 2.1 -45% 211 498 12 3 -96 -96 -199
RC-1 (RCCC) 6% 0.9 -40% 128 566 216 14 -51 -44 -40
US Highland (UHLN) 30% -0.9 -657% 446 3,450 81 24 -2,932 -2,106 1,790
AEI Income & Growth Fund XXII (AEI22) -1.9 12% 7,634 165 0 0 933 1,214 -2,262

Balance Sheet ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash9041,0342,3342,7233,0744,6325,0085,971
Accounts Receivable
Inventory
PP&E7465891,134292131227316776
Assets25,63425,72627,19429,03030,38736,04641,81444,102
Accounts Payable
Long-Term Debt
Liabilities2,9193,8045,6908,69212,86617,97522,10926,147
Stockholders' Equity22,71521,92221,50420,33817,52218,07119,70617,955
Income Statement ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue2,9914,2296,5738,8718,97014,00215,53513,766
Cost of Revenue
Gross Profit
R&D
SG&A
Tax00000-2,701
Net Income-1,069-734-363579-1,3961,471737-116
Cash Flow ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating-2,647-1,468-1,5421312,0843,2191,8682,091
Cash Investing3,7732,1903,532845-1,242-1,276-1,124-1,039
Cash Financing-1,193-592-691-586-491-384-368-800