International Fidelity Insurance Company Revenue and Competitors

Location

N/A

Total Funding

Insurance

Industry

Estimated Revenue & Valuation

  • International Fidelity Insurance Company's estimated annual revenue is currently $28.2M per year.(i)
  • International Fidelity Insurance Company's estimated revenue per employee is $220,000

Employee Data

  • International Fidelity Insurance Company has 128 Employees.(i)
  • International Fidelity Insurance Company grew their employee count by -4% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$0.8M7-22%N/AN/A
#2
$7.2M41-5%N/AN/A
#3
$12.9M6516%N/AN/A
#4
$20.7M94-16%N/AN/A
#5
$14.7M7451%N/AN/A
#6
$7.6M43-4%N/AN/A
#7
$5.5M31-16%N/AN/A
#8
$13.5M6810%N/AN/A
#9
$24.4M1116%N/AN/A
#10
$25.7M11719%N/AN/A
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IFIC is the largest independent, privately owned surety company in the industry. We are headquartered in Newark, NJ and hold the first surety license issued by the State of New Jersey. Founded in 1904 by the Singer Sewing Company, IFIC provided captive fidelity coverage for its international subsidiaries. Then, In 1964 IFIC became an independent writer of surety when a group of private investors made up of bail agents purchased the company. At that time the company's Treasury Listing was only $45,000 vs. today's $8.6 million. Over the years, the company has evolved from exclusively writing bail to becoming one of the most diversified surety operations in the business. In the late 1990's our Chairman, President and CEO, Fred Mitterhoff, made the strategic decision to write contract, commercial and subdivision as a traditional, field driven surety. Today, we operate in over 22 locations throughout the USA. Over half of our 175 employees work in our regional offices. In 2008, the company recorded revenues of $118 million. As a "generalist surety", our major lines of business are: contract, commercial, bail, customs and subdivision. Writings in each of these areas are spread throughout the USA. Dedicated to independent agencies specializing in surety, IFIC is both a field and underwriting driven organization. Our regional offices are empowered to make quick, informed decisions, supported by a strong staff of surety professionals. Our Home Office Underwriting Officers are deeply invested in growing long-term, profitable agency relationships.

keywords:N/A

N/A

Total Funding

128

Number of Employees

$28.2M

Revenue (est)

-4%

Employee Growth %

N/A

Valuation

N/A

Accelerator

International Fidelity Insurance Company News

2022-04-20 - Fidelity Special Values Plc - Half-year Report

Over the period, the Company's NAV has lagged the return of the FTSE All-Share Index, which proved particularly resilient in a global context...

2022-04-19 - Bond Mutual Fund Market Growing Popularity and Emerging ...

The latest study released on the Global Bond Mutual Fund Market by AMA ... Street Global Advisors (United States), Fidelity Investments Inc.

2022-04-17 - Fidelity National Financial Announces First Quarter 2022 ...

... April 26, 2022 /PRNewswire/ -- Fidelity National Financial, Inc. (NYSE: FNF) (the "Company"), a leading provider of title insurance and...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$26.9M1281%N/A
#2
$18.6M12820%N/A
#3
$34.6M128-4%N/A
#4
$18.6M12812%N/A
#5
$18.9M130-6%N/A

International Fidelity Insurance Company Executives


NameTitle
Francis MitterhoffChairman/President/CEO
Frank TanzolaSenior Vice President and Chief Legal Officer
Maria CostaSenior Vice President of Finance and Chief Accounting Officer
Francis MitterhoffChairman/President/CEO
Vincent LeonettiAssistant Vice President
Frank TanzolaSenior Vice President and Chief Legal Officer
Craig GoldenVice President
Maria CostaSenior Vice President of Finance and Chief Accounting Officer