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Company:  1347 PROPERTY INSURANCE H ... (PIH)
Form Type:  S-1/A
Filing Date:  2/13/2018 
CIK:  0001591890 
Address:  1511 N. WESTSHORE BLVD., SUITE 870 
City, State, Zip:  TAMPA, Florida 33607 
Telephone:  877-864-4934 
Fiscal Year:  12/31 
Last Trade
Last Trade: 
$4.51  
Change: 
0.00 (0.00%)  
Trade Time: 
Feb 14  
Market Cap: 
$27.03M
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Description of Business
1347 Property Insurance Holdings, Inc. ("PIH", the "Company", "we", or "us") is an insurance holding company specialized in providing personal property insurance in coastal markets including those in Louisiana, Texas and Florida. These markets are characterized as regions where larger, national insurers have reduced their market share in favor of other, less catastrophe exposed markets. These markets are also characterized by state-administered residual insurers controlling large market shares. These unique markets can trace their roots to Hurricane Andrew, after which larger national carriers limited their capital allocation and approaches to property risk aggregation. These trends accelerated again after back to back exceptionally active hurricane seasons in 2004 and 2005. However, the decade following Hurricane Katrina in 2005, had relatively few losses arising from tropical storm activity which led to declines in reinsurance pricing and increases in its availability.