Document

0001195933-17-000093.txt : 20170907 0001195933-17-000093.hdr.sgml : 20170907 20170906203205 ACCESSION NUMBER: 0001195933-17-000093 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20170906 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20170907 DATE AS OF CHANGE: 20170906 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INFINITY PROPERTY & CASUALTY CORP CENTRAL INDEX KEY: 0001195933 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 030483872 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-50167 FILM NUMBER: 171072550 BUSINESS ADDRESS: STREET 1: 2201 4TH AVENUE NORTH CITY: BIRMINGHAM STATE: AL ZIP: 35203 BUSINESS PHONE: 205-870-4000 MAIL ADDRESS: STREET 1: 2201 4TH AVENUE NORTH CITY: BIRMINGHAM STATE: AL ZIP: 35203 8-K 1 form8-kxharveyx20170906.htm 8-K Document

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Act of 1934

Date of Report (Date of earliest event reported): September 6, 2017

INFINITY PROPERTY AND CASUALTY CORPORATION

(Exact name of Registrant as specified in its Charter)



Ohio	000-50167	03-0483872
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No. )

2201 4^th Avenue North, Birmingham, Alabama 35203

(Address of Principal Executive Offices) (Zip Code)

205-870-4000

Registrant’s telephone number, including area code

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act 17 CFR 240.14d-2(b))


☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events

On September 6, 2017, Infinity Property and Casualty Corporation (the “Company”) issued a press release announcing its anticipated catastrophe losses as a result of damage caused by Hurricane Harvey, which made landfall in Texas on Friday, August 25, 2017, as a Category 4 hurricane. A copy of the press release is furnished as Exhibit 99 to this report and is incorporated herein by reference.

The information in this Item 8.01 of Form 8-K and in the press release attached as Exhibit 99 is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities of that Section. The information in Item 8.01 of this Form 8-K and Exhibit 99 shall not be incorporated by reference in any filing or other document under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in any such filing or document.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits



Exhibit Number	Description
99	Press release dated September 6, 2017.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

INFINITY PROPERTY AND CASUALTY
CORPORATION

BY: /s/ Samuel J. Simon

Samuel J. Simon

President and General Counsel

September 6, 2017

EX-99 2 ipcc3q2017advisoryreleaseh.htm EXHIBIT 99 Exhibit

Infinity Property and Casualty Corporation Announces Estimated Catastrophe Losses Related to Hurricane Harvey

Birmingham, Alabama – September 6, 2017 – Infinity Property and Casualty Corporation (NASDAQ: IPCC) today announced estimated catastrophe losses related to Hurricane Harvey.

Hurricane Harvey made landfall in Texas on Friday, August 25, 2017, as a Category 4 hurricane. The storm produced unprecedented rainfall and significant flooding. Infinity writes private passenger and commercial automobile insurance policies in Texas. Claims handling is on-going and, through September 5, we have received 2,506 reported claims.

Based on current information available, we anticipate that we will exceed the retention on our catastrophe reinsurance program and have total losses of approximately $10 to $15 million before-tax ($6.5 to $9.8 million after-tax), net of reinsurance recoveries and including reinstatement premium, for all product lines in connection with this historic event.

For 2017, our catastrophe reinsurance protection is $95 million in excess of $5 million per event. The first $10 million of coverage is reinsured at 50% with the remaining layers at 100%. Each layer has one reinstatement. All reinsurers on the program are rated “A” or better by A. M. Best.

Infinity Property and Casualty Corporation (NASDAQ: IPCC) is a provider of personal and commercial automobile insurance primarily meeting the needs and choices of urban and Hispanic customers. Its products are offered through a network of approximately 10,800 independent agencies and brokers. For more information about Infinity, please visit http://www.infinityauto.com.

Source: Infinity Property and Casualty Corporation

Contact: Jamie Whatley

Investor Relations

james.whatley@ipacc.com

(205) 803-8346