| | Business Summary | | The
Seibels
Bruce
Group,
Inc.
is
a
provider
of
a
wide
range
of
services
to
the
insurance
industry
as
well
as
a
provider
of
automobile,
flood
and
other
property
and
casualty
insurance
products.
The
Company
is
committed
to
providing
quality
customer
service,
building
strong
relationships
with
its
customers,
developing
and
capitalizing
on
territorial
knowledge,
and
fostering
the
creativity
and
innovation
of
its
associates.
The
Company
conducts
business
in
two
primary
categories:
fee-for-service
operations
and
traditional
insurance
operations.
The
Company's
fee-for-service
operations
include
the
activities
of
Insurance
Network
Services,
Inc.,
its
flood
operations,
and
its
operations
as
a
servicing
carrier
for
the
South
Carolina
Reinsurance
Facility
and
the
South
Carolina
Associated
Auto
Insurers
Plan. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | The
Seibels
Bruce
Group
provides
auto,
flood
and
other
property
and
casualty
insurance
products
and
services
primarily
to
the
Southeastern
U.S.
For
the
six
months
ended
6/30/01,
revenues
fell
8%
to
$29.8
million.
Net
income
totaled
$2.1
million
vs.
a
loss
of
$24.5
million.
Revenues
reflect
the
withdrawal
of
automobile
operations
from
the
Nashville,
Tennesse
and
South
Carolinian
markets.
Earnings
benefitted
from
the
cost
savings
associated
with
the
withdrawal
of
those
operations. | | More
from
Market Guide: Significant
Developments |
| | | | FY1998 Pay | |
| Charles Powers, 72
Chairman | -- | John Natili, 54
Pres,
CEO | -- | Kenneth Marter, 36
CFO,
Treasurer | -- | Michael Culbertson, 50
Sr.
VP | $119K | Susan Kenney
VP
of Sales and Marketing | -- | | Dollar amounts are as of 31-Dec-1998 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/s/sbig.ob.gif)