| IPO Company Profile |
| SEC Filings | Peer IPO Companies |
| Front Royal, Inc. |
| 2200 Gateway Blvd., Suite 205, Morrisville, NC 27560 * (919) 469-9795 |
| The company is an insurance holding company which acquires and operates property and casualty insurance companies that underwrite specialty coverages. |
| Manager | Tier | Phone |
| Donaldson, Lufkin & Jenrette Securities Corp. | Lead Manager | (212) 371-0641 |
| BT Alex Brown | Co-manager | (410) 727-1700 |
| Wheat First Union | Co-manager |
| NASNTL: | FRYL | Financial: | SIC 6331 | |
| Type of Shares: | Common Shares | Filing Date: | 6/18/98 | |
| U.S. Shares Filed: | 5,000,000 | Filing Range: | $14.00 - $16.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $75,000,000 | |
| Primary Shares: | 5,000,000 | Expenses: | - | |
| Secondary Shares: | 0 | Post-IPO Shares: | ||
| Employees: | 190 |
| Issuer's Law Firm: | Robinson Silverman Pearce Aronsohn & Berman |
| Bank's Law Firm: | Simpson, Thacher & Bartlett |
| Registrar/Transfer Agent: | First Union National Bank North Carolina |
| Auditor: | Ernst & Young |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 12/31/97 | 3/31/98 | 3/31/97 | 3/31/98 | ||
| Revenue: | $108.36 | $24.49 | $28.64 | Assets: | $357.32 |
| Net Income: | $11.67 | $2.41 | $2.30 | Curr Assets: | |
| EPS: | $1.13 | $0.23 | $0.23 | Liabilities: | $294.33 |
| Prior EPS: | $0.79 | Curr Liab: | |||
| Cash Flow/Oper: | $25.14 | Equity: | $63.00 | ||
| Cash Flow/Fin: | -$0.84 | Cash: | $279.51 | ||
| Cash Flow/Inv: | -$30.81 | ||||
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay existing bank debt and for general corporate purposes including acquisitions. |