| Business Summary | | Bancinsurance
Corporation
is
an
insurance
holding
company
engaged
primarily
in
the
underwriting
of
specialized
and
niche
insurance
products
and
related
services
through
its
wholly
owned
insurance
subsidiary,
Ohio
Indemnity
Company.
Ohio
Indemnity
is
licensed
to
transact
business
in
47
states
and
the
District
of
Columbia,
and
on
a
surplus
lines
basis
in
Texas.
Paul
Boardway
and
Associates
is
a
property/casualty
insurance
agency
serving
lending
institutions.
American
Legal
Publishing
Corporation
offers
a
wide
range
of
publishing
services
for
state
and
local
governments.
Most
of
the
Company's
net
premiums
written
and
premiums
earned
are
derived
from
two
distinct
product
lines,
Lender/Dealer
Products
and
Unemployment
Insurance
Protection
and
Related
Products. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Bancinsurance
Corporation,
through
its
subsidiary,
Ohio
Indemnity
Co.
underwrites
specialized
property
and
niche
products
and
related
services.
For
the
six
months
ended
6/30/01,
total
revenues
rose
33%
to
$20.6
million.
Net
income
fell
24%
to
$1.5
million.
Revenues
reflect
increased
net
premiums
earned
and
higher
codification
fees
income.
Earnings
were
offset
by
increased
reserves
on
pending
claims,
and
increased
commission
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Si Sokol, 73 Chairman
and CEO | $442K | -- | John Sokol, 38 Pres | 249K | -- | Sally Cress, 45 Sec.,
Treasurer | 114K | $34K | Daniel Stephan, 40 VP
of Marketing, Ohio Indemnity | -- | -- | Stephen Toth, 37 VP
of Operations, Ohio Indemnity | 190K | 78K | Dollar
amounts are as of 31-Dec-2000 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
|
|