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250 E. Broad St., 10th Fl. Columbus, OH 43215 OH Tel. 614-220-5200 Fax 614-228-5552 |
Type: Public
On the web:
http://www.bancins.com
Employees:
34
Employee growth: 0.0%
Insurance holding company Bancinsurance Corporation underwrites niche insurance products through its subsidiary Ohio Indemnity Company. Operating throughout most of the US, it provides coverage to protect automobile lenders and dealers by insuring collateralized personal property against damage and theft. It also bonds employers that elect not to pay unemployment taxes. Subsidiary Ultimate Services Agency offers property/casualty insurance to lenders in the Northeast. Chairman and CEO John Sokol and his family own half of the firm, which his father founded.
Key numbers for fiscal year ending December, 2008:
Sales: $49.0M
One year growth: (2.4%)
Net income: $1.4M
Income growth: (54.7%)
Officers:
Chairman, President, and CEO, Bancinsurance and Ohio Indemnity: John S. Sokol
VP, CFO, Treasurer, and Secretary: Surety Insurance
Competitors:
American Financial Group
GMAC Insurance
Travelers Companies
