| | Business Summary | | FPIC
Insurance
Group,
Inc.
is
engaged
in
three
primary
operating
segments:
insurance,
third-party
administration
(TPA)
and
reciprocal
management
(RM).
The
Company
is
the
parent
company
of
Florida
Physicians
Insurance
Company,
Inc.
and
McCreary
Corporation,
a
third-party
administrator.
The
Company's
primary
sources
of
revenue
are
management
fees
and
dividends
received
from
its
subsidiaries.
Through
the
insurance
segment,
the
Company
specializes
in
professional
liability
insurance
products
and
services.
The
Company
provides
TPA
services,
including
group
accident
and
health
insurance,
workers'
compensation,
and
general
liability
and
property
insurance.
Through
the
RM
segment,
the
Company
provides
management
and
administrative
services
and
acts
as
attorney-in-fact
for
Physicians'
Reciprocal
Insurers,
a
New
York
medical
professional
liability
insurance
reciprocal. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | FPIC
Insurance
Group,
Inc.,
through
its
subsidiaries,
is
engaged
in
three
primary
operating
segments:
insurance,
third-party
administration
(TPA)
and
reciprocal
management
(RM).
For
the
six
months
ended
6/30/01,
total
revenues
rose
4%
to
$95.7
million.
Net
income
fell
68%
to
$3.2
million.
Results
reflect
price
increases
on
the
core
medical
professional
liability
business,
offset
by
the
establishment
of
loss
reserves
for
the
current
book. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Robert Baratta, M.D., 60
Chairman | -- | John Byers, 46
Pres,
CEO, Director | $563K | David Shapiro, 47
Vice
Chairman | -- | Kim Thorpe, 45
CFO,
Exec. VP | 371K | Kurt Cetin, 35
Sr.
VP and CMO | 354K | | 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.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/f/fpic.gif)