Conifer Holdings Stock Price, News & Analysis

Conifer Holdings reported its first-quarter results for 2022, showing a 8.5% increase in gross written premiums to $33.0 million, driven primarily by a 38.9% boost in personal lines. However, net written premiums decreased by 26.4% to $18.0 million. The company posted a net loss of $2.9 million, improving from a $4.6 million loss a year earlier. Despite an improved expense ratio of 37.5%, the combined ratio of 112.5% indicates continued underwriting challenges. The firm remains focused on growth and expense reduction.

Conifer Holdings (Nasdaq: CNFR) has scheduled a conference call/webcast on May 12, 2022, at 8:30 AM ET to discuss its financial results for Q1 2022, ending March 31. The company will release its financial results on May 11, 2022, after market close. Investors and the public can access the call via a webcast or by phone at 844-868-8843 (domestic) or 412-317-6589 (international). An archived replay will be available on the company's website.

AM Best has downgraded Conifer Holdings' Long-Term Issuer Credit Rating to bb- from bb and the Financial Strength Rating for its subsidiaries to B+ from B++. This reflects challenges in operating performance and elevated underwriting losses. Despite management's remedial actions, improvement has not been achieved, impacting risk-adjusted capitalization. The stable outlook suggests potential for improved results through niche expertise and strategic initiatives aimed at strengthening capital.

Conifer Holdings reported a net loss of $1.1 million or $0.11 per share for the year ended December 31, 2021, with gross written premiums increasing 18.6% to $132.1 million. The loss ratio improved by 420 basis points to 62.5% in Q4 2021, while net earned premiums rose 10.9%. The combined ratio for 2021 was 112.9%, indicating underwriting losses. Management anticipates continued growth in premiums and profitability moving forward.

Conifer Holdings, Inc. (Nasdaq: CNFR) will host a conference call/webcast on March 3, 2022, at 8:30 AM ET to discuss its fourth-quarter financial results for the period ending December 31, 2021. The financial results will be released after market close on March 2, 2022. Investors can access the webcast via the provided link or dial into the conference call at either 844-868-8843 (domestic) or 412-317-6589 (international). Archived playback of the webcast will be available on the company’s website.

Conifer Holdings reported a net loss of $1.2 million or $0.12 per share for Q3 2021, despite a 12.9% increase in gross written premiums to $33.7 million. Both Commercial and Personal Lines showed growth, with Commercial lines up 9.3% and Personal lines up 51.5%. The company’s book value per share stood at $4.34. Adjusted operating loss narrowed to $1.7 million. The combined ratio improved to 106.9%, while the loss ratio decreased to 64.6%.

Conifer Holdings, Inc. (NASDAQ: CNFR) will host a conference call on November 11, 2021, at 8:30 AM ET to discuss its third-quarter financial results for the period ending September 30, 2021. The financial results will be released after market close on November 10, 2021. Investors can access the call via a webcast or by calling specific numbers provided in the release. The webcast will also be archived for later access on the Conifer Holdings website.

Conifer Holdings reported a strong second quarter for 2021, highlighting a 27% increase in gross written premiums to $35 million, driven by 20.9% growth in commercial lines and an impressive 107.4% surge in personal lines. The net income rose to $5.6 million, or $0.57 per share, up from $1.5 million in Q2 2020. The combined ratio deteriorated to 113.2% from 100.5% last year, mainly due to increased loss ratios. Additionally, the company recognized an $8.9 million gain from the sale of Sycamore Insurance Agency assets.

Conifer Holdings, Inc. (NASDAQ: CNFR) will host a conference call/webcast on August 12, 2021, at 8:30 AM ET to discuss its Q2 financial results, which will be released after market close on August 11, 2021. Interested parties can access the call via a dedicated webcast link or dial in using the provided conference call numbers. The archived webcast will be available on the company's website. For detailed financial information, refer to Conifer Holdings' audited consolidated financial statements in its annual Form 10-K filed on March 11, 2021.