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Profile - Allcity Insurance Company (NasdaqNM:ALCI)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | SEC | Msgs | Insider | Financials
Recent Events
Aug 31Price hit new 52-week low ($1.60)
Location
335 Adams Street
Brooklyn, NY 11201
Phone: (718) 422-4000
Fax: (718) 422-4399
Employees (last reported count): 335
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Insurance (Prop. & Casualty)
Related Links
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Ownership
·Insider and 5%+ Owners: 92%
·Institutional: 0% (4% of float)
(8 institutions)
·Net Inst. Selling: 14.0K shares (+199.30%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Allcity Insurance Company is a property and casualty insurer. Empire Insurance Company, a property and casualty insurer, owns approximately 84.6% of the outstanding common shares of the Company. The Company is organized into three divisions: the Small Business Division, the Personal Lines Division and the Mid-Market Division. Each of these divisions has separate management teams responsible for all underwriting decisions with the Small Business Division focusing on commercial package products for small businesses; the Personal Lines Division focusing on personal automobile and homeowners insurance; and the Mid-Market Division focusing on commercial automobile, commercial package and workers' compensation insurance for larger accounts. Substantially all of the Company's policies are written in New York for a one-year period. The Company is licensed in New York to write most lines of insurance that may be written by a property and casualty insurer.
More from Market Guide: Expanded Business Description

Financial Summary
ALCI provides private passenger and commercial automobile insurance, commercial multi-peril, workers' compensation and other liability insurance, and miscellaneous fire, allied and homeowners insurance coverages, primarily in NY. For the six months ended 6/30/01, revenues fell 18% to $18 million. Net loss totaled $15.1 million, up from $277 thousand. Results reflect a decline in earned premiums in all business lines and higher losses and loss adjustment expenses.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]

Position
Joseph Steinberg, 56Chairman
H. Scruggs, 43Pres, CEO, Director
Francis Colalucci, 55CFO, Exec. VP, Treasurer, Director
Rocco Nittoli, 42COO, Director
Robert Boyle, 47Sr. VP, Mid-Market Division
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NasdaqNM:ALCIAs of 31-Aug-2001
Price and Volume
52-Week Low
on 31-Aug-2001
$1.60 
Recent Price$1.60 
52-Week High
on 11-Sep-2000
$10.00 
Beta0.94 
Daily Volume (3-month avg)364 
Daily Volume (10-day avg)0 
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change-84.0%
52-Week Change
relative to S&P500
-78.5%
Share-Related Items
Market Capitalization$11.3M
Shares Outstanding7.08M
Float600.0K
Dividends & Splits
Annual Dividendnone 
Last Splitnone 
Per-Share Data
Book Value (mrq)$4.12 
Earnings (ttm)-$6.44 
Earnings (mrq)-$0.11 
Sales (ttm)$5.40 
Cash (mrq)$0.01 
Valuation Ratios
Price/Book (mrq)0.39 
Price/EarningsN/A 
Price/Sales (ttm)0.30 
Income Statements
Sales (ttm)$38.2M
EBITDAN/A 
Income available to common (ttm)-$45.6M
Profitability
Profit MarginN/A 
Operating Margin (ttm)-83.7%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)-11.95%
Return on Equity (ttm)-92.94%
Financial Strength
Current RatioN/A 
Debt/Equity (mrq)0.57 
Total Cash (mrq)$77.0K
Short Interest
As of 8-Dec-2000
Shares Short0 
Shares Short
(Prior Month)
5,000 
Daily Volume0 
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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