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Home > Company Index > Insurance > Property & Casualty Insurance > Penn-America Group, Inc.

Penn-America Group, Inc.
NYSE: PNG
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 PROFILE
Small business adds up for Penn-America Group, the holding company for Penn-America Insurance. Focusing on "Main Street" small businesses, Penn-America provides commercial property, general liability and multiperil insurance to bars, retailers, contractors, and others, primarily in small towns and suburban and rural areas. The company is licensed in more than 30 states and sells policies through some 25,000 retail brokers. Penn-America has been gradually exiting the commercial and personal nonstandard auto insurance lines. Founder and chairman Irvin Saltzman and his family own about 40% of the company.

 COMPETITION
Markel Corporation (MKL)
Nationwide (dossier)
W. R. Berkley Corporation (BER)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 100.60
1-Yr. Sales Growth: 4.7%
Employees: 110
Revenue per employee: $914,545.45

 KEY PEOPLE
• Jon S. Saltzman
    CEO
• Joseph F. Morris
    CFO

 CONTACT INFO
420 S. York Rd.
Hatboro, PA 19040
US
Phone: 215-443-3600
Fax: 215-443-3603
Online: Web Site

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