| IPO Company Profile |
| SEC Filings | Peer IPO Companies |
| Financial Pacific Insurance Group, Inc. |
| 3850 Atherton Road, Rocklin, CA 95765 * (916) 630-5000 |
| The company is a regional, custom-underwriting insurance company. The company provides superior service to small and medium-sized commercial customers within specified niche markets which are typically overlooked by large insurance companies. |
| Manager | Tier | Phone |
| Everen Securities, Inc. | Lead Manager | (312) 574-6859 |
| NASNTL: | FPAC | Financial: | SIC 6331 | |
| Type of Shares: | Common Shares | Filing Date: | 4/20/98 | |
| U.S. Shares Filed: | 2,500,000 | Filing Range: | $9.00 - $11.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $25,000,000 | |
| Primary Shares: | 2,000,000 | Expenses: | - | |
| Secondary Shares: | 500,000 | Post-IPO Shares: | 4,970,422 | |
| Employees: | 92 |
| Issuer's Law Firm: | Riordan & McKinzie |
| Bank's Law Firm: | Morrison & Foerster |
| Auditor: | KPMG Peat Marwick |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 12/31/97 | 12/31/97 | ||||
| Revenue: | $26.04 | Assets: | $65.89 | ||
| Net Income: | $2.34 | Curr Assets: | |||
| EPS: | $4.82 | Liabilities: | $52.50 | ||
| Prior EPS: | $4.12 | Curr Liab: | |||
| Cash Flow/Oper: | $6.63 | Equity: | $13.40 | ||
| Cash Flow/Fin: | -$0.50 | Cash: | $30.61 | ||
| Cash Flow/Inv: | -$6.00 | ||||
| Use of Proceeds |
| The proceeds from the proposed offering will be used to contribute additional capital to FPIC which will allow it to retain a greater portion of direct premiums written currently being ceded to reinsurers, to permit greater underwriting volume of its insurance products, to repay senior debt and for general corporate purposes. |