| Business Summary | | The
Midland
Company
is
a
highly
focused
provider
of
specialty
insurance
products
and
services
through
its
American
Modern
Insurance
Group
(AMIG)
subsidiary,
which
contributes
more
than
90%
of
the
Company's
revenues.
AMIG
operates
in
the
manufactured
housing
insurance
market,
and
also
offers
other
specialty
insurance
products
and
services
through
diverse
distribution
channels.
The
remainder
of
Company's
revenues
comes
from
the
operation
of
its
two
transport
subsidiaries
M/G
Transport
Services,
Inc.
and
MGT
Services,
Inc.,
which
charter
barges
and
broker
freight
for
the
movement
of
dry
bulk
commodities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MLAN,
through
its
subsidiaries,
writes
physical
damage
insurance
and
related
coverage
on
manufactured
housing
and
charters
barges
and
brokers
freights
for
commodity
movement
on
inland
waterways.
For
the
six
months
ended
6/30/01,
revenues
rose
9%
to
$283.8
million.
Net
income
fell
5%
to
$15.8
million.
Results
reflect
increased
motorsports
insurance,
offset
by
the
catastrophe
losses
from
Tropical
Storm
Allison
and
other
severe
storms
and
higher
fire
loss
ratio. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| Joseph Hayden, III, 47 Chairman
and COO | $857K | $168K | John Hayden, 42 Pres
and CEO | 857K | 147K | Michael Conaton, 66 Vice
Chairman | 820K | 305K | John Von Lehman, 47 Exec.
VP, CFO and Sec. | -- | -- | J. Hayden, Jr., 69 Chairman
of the Exec. Committee | 1.7M | 675K | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|