Welcome to our dedicated page for Conifer Holdings news (Ticker: CNFR), a resource for investors and traders seeking the latest updates and insights on Conifer Holdings stock.
The CNFR news archive covers announcements and disclosures issued when Conifer Holdings, Inc. traded on Nasdaq under the CNFR symbol, as well as subsequent communications as the company transitioned to the Presurance Holdings, Inc. name and the PRHI ticker. These releases provide detailed insight into how the Michigan-based property and casualty holding company reported on its operations, strategy, and financial performance over time.
Company news items include quarterly and annual financial results, where management discusses gross written premium, net earned premium, loss ratios, expense ratios, combined ratios, and net investment income. The releases also highlight non-GAAP measures such as adjusted operating income (loss), with explanations of how these figures are calculated and reconciled to GAAP net income (loss).
Several news releases focus on strategic changes in the business model. In 2024, Conifer described a shift away from a traditional risk-bearing carrier approach toward a wholesale agency, production-based model, routing commercial gross written premium through its managing general agency and emphasizing commission-based revenue. Other announcements discuss the sale of the company’s insurance agency operations and the resulting expectation of lower revenue and reduced commercial lines production.
The archive also contains coverage of the corporate rebrand from Conifer Holdings, Inc. to Presurance Holdings, Inc. and the associated change in Nasdaq trading symbols from CNFR and CNFRZ to PRHI and PRHIZ, effective September 30, 2025. Later news releases under the Presurance name continue to report on personal and commercial lines performance and underwriting metrics.
Investors and researchers can use this CNFR news history to review how the company communicated its evolving strategy, segment mix, and financial results leading up to and following the name and ticker change to PRHI.
Conifer Holdings, Inc. (Nasdaq: CNFR) has announced a conference call and webcast scheduled for August 14, 2024, at 8:30am Eastern Time to discuss their second quarter 2024 financial results. The company plans to release these results after market close on August 13, 2024. Investors, analysts, employees, and the public are invited to participate via webcast or conference call. The webcast will be archived for later viewing on Conifer's investor relations website. Participants are advised to refer to Conifer's audited consolidated financial statements and related notes in their annual form 10-K, filed with the SEC on April 1, 2024, for additional context.
Conifer Holdings (CNFR) announced its 2024 Q1 financial results, showcasing a strategic shift towards non-risk bearing revenue models. The combined ratio improved to 96.7%, down 2.8 percentage points from Q1 2023. The expense ratio dropped to 34.7%, contributing to a net investment income rise of 18.7% to $1.6 million. Despite a gross written premium decrease of 32.9% to $24.3 million, net income for common shareholders reached $74,000, or $0.01 per share. The company's commercial lines saw a significant premium decline of 56%, while personal lines grew by 59.6%.
Conifer Holdings, Inc. (Nasdaq: CNFR) will host a conference call/webcast on May 15, 2024, to discuss financial results for the first quarter ended March 31, 2024. The Company plans to release its first-quarter financial results on May 14, 2024. Investors, analysts, employees, and the public can listen to the conference call via webcast or phone.
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