Welcome to our dedicated page for Conifer Holdings news (Ticker: CNFRL), a resource for investors and traders seeking the latest updates and insights on Conifer Holdings stock.
The CNFRL news archive on Stock Titan captures the historical disclosures and developments of Conifer Holdings, Inc., a Michigan-based property and casualty insurance holding company that later rebranded as Presurance Holdings, Inc. Company news releases provide detailed insight into how Conifer’s business evolved over time, including its focus on specialty insurance coverage in commercial and personal lines and its subsequent emphasis on personal lines homeowners’ business in Texas and the Midwest.
Readers can review quarterly and annual financial results, where the company reports gross written premium, net earned premium, loss ratios, expense ratios, combined ratios, net investment income, and non-GAAP adjusted operating income. Management commentary in these releases explains the impact of storm activity, reserve strengthening in commercial lines, and the effects of reinsurance and quota share treaties on underwriting performance.
The news flow also documents strategic transactions and corporate changes. Notable items include the sale of Conifer’s insurance agency operations, the sale of its remaining interest in Sycamore Specialty Underwriters, and the runoff of legacy commercial lines. These events are linked to a broader shift away from a traditional risk-bearing carrier model toward a wholesale agency, production-based revenue approach through a managing general agency.
Another key theme in the CNFRL-related news is the corporate rebrand to Presurance Holdings, Inc., along with the change in Nasdaq ticker symbol for the common stock to PRHI and for the 9.75% Senior Notes due 2028 to PRHIZ. Investors and researchers can use this news archive to trace how the company’s strategy, business mix, and capital structure changed over time. For ongoing developments under the new name and ticker, more recent releases refer to Presurance Holdings, Inc. and the PRHI symbol.
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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
