Conifer Holdings Stock Price, News & Analysis

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.

Conifer Holdings reports a net loss of $4.6 million ($0.48 per share) for Q1 2021, slightly better than a $4.7 million loss in Q1 2020. Gross written premiums increased 21.1% to $30.4 million, driven by a 92.2% rise in Personal Lines and 16.1% growth in Commercial Lines. However, catastrophe losses from Winter Storm Uri impacted results, increasing the loss ratio to 84.4% and the combined ratio to 129.0%, up from 111.6% year-over-year. The book value per share is $3.82. A conference call will be held on May 12, 2021.

Conifer Holdings, Inc. (Nasdaq: CNFR) announced a conference call/webcast on May 12, 2021, at 8:30 AM ET to discuss its financial results for Q1 2021. The results will be released after market close on May 11, 2021. Investors can access the call via webcast or by phone at 844-868-8843 (domestic) or 412-317-6589 (international). The archived webcast will be available on the company's website. Conifer specializes in providing customized insurance coverage across all states, primarily through independent agents.

Conifer Holdings (Nasdaq: CNFR) reported a pre-tax loss of approximately $2.3 million for Q1 2021 due to Winter Storm Uri. The company is also increasing reserves for unpaid losses by around $5.7 million for prior accident years, particularly affecting its quick service restaurant line. CEO James Petcoff noted a significant reduction in exposure in Florida’s restaurant sector, down over 90% since 2019, amid rising litigation issues. The company is reevaluating its business focus while managing claims from previous years.

Conifer Holdings reported strong financial results for Q4 and FY 2020. Gross written premiums rose by 13.7% to $28.9 million in Q4, driven by commercial and personal lines growth. For the year, gross written premiums increased by 9.3% to $111.3 million. The company achieved a net income of $3.3 million ($0.34 per share) in Q4, recovering from a loss in the previous year. The book value per share improved to $4.59. Despite a slight dip in net earned premiums, positive trends in underwriting ratios and premium growth were highlighted.

Conifer Holdings, Inc. (Nasdaq: CNFR) announced a conference call/webcast scheduled for February 24, 2021, at 8:30 AM ET to discuss its fourth quarter financial results for the period ending December 31, 2020. The financial results will be released post-market on February 23, 2021. Interested participants can access the call via a webcast or conference call, with archiving available for later listening. The company provides customized insurance solutions nationwide and operates through various distribution channels.

Conifer Holdings reported third quarter 2020 results, showcasing a 10.2% increase in gross written premiums to $29.8 million. Although commercial lines gross written premiums rose 9.1%, the combined ratio for commercial lines worsened to 114.2%, impacted by reserve development. Personal lines achieved a strong 23.6% growth in gross written premiums, with an impressive combined ratio of 68.1%. Net income hit $0.5 million, translating to $0.06 per share, reversing a loss from the prior year.

Conifer Holdings (Nasdaq: CNFR) will host a conference call/webcast on November 12, 2020, at 8:30 AM ET to discuss its third-quarter financial results for the period ending September 30, 2020. The financial results will be released on November 11, 2020, after market close. The conference call can be accessed via a dedicated phone line or through a webcast available on Conifer's website. Audited consolidated financial statements are available in the company's annual 10-K report filed on March 12, 2020.