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, Inc. (Nasdaq: CNFR) announced a Loss Portfolio Transfer reinsurance agreement with Fleming Reinsurance Ltd, securing $20 million of adverse development cover for accident years 2019 and prior. This agreement covers paid losses up to $66.3 million on $40.8 million of stated net reserves, with a $5.5 million loss corridor retaining losses over $40.8 million. Management views this partnership as a strategic move to enhance the company's financial position and long-term profitability.
Conifer Holdings, Inc. (Nasdaq: CNFR) will host a conference call/webcast on November 10, 2022, at 8:30 AM ET to discuss its third-quarter financial results for the period ending September 30, 2022. The results will be released after market close on November 9, 2022. Interested parties can listen to the call through a webcast or by dialing the specified conference call numbers. The webcast will be archived for future access. Conifer is a specialty insurance holding company providing customized coverage solutions nationwide through independent agents.
Conifer Holdings, Inc. (Nasdaq: CNFR) announced the election of Gerald W. Hakala to its Board of Directors. Mr. Hakala, co-Chief Investment Officer at Clarkston Capital Partners, brings over 23 years of finance and investment management experience. His expertise is expected to enhance the company's investment strategy, especially during challenging market conditions. James Petcoff, Executive Chairman, expressed confidence in Hakala's contributions to the board. Conifer is a specialty insurance holding company offering tailored coverage solutions and engages primarily through independent agents.
Conifer Holdings reported second quarter 2022 results with gross written premiums increasing 7.0% to $37.4 million, led by a 32.4% rise in personal lines. However, net income fell to $(8.4 million) or $(0.86) per share, a sharp decline from $5.6 million or $0.57 per share in the previous year. The combined ratio worsened to 129.2%, indicating underwriting losses. Despite steady net earned premiums and a reduced expense ratio of 39.0%, adverse developments negatively impacted overall performance. Book value per share stood at $1.75 as of June 30, 2022.
Conifer Holdings, Inc. (Nasdaq: CNFR) will host a conference call and webcast on August 11, 2022, at 8:30 AM ET to discuss its financial results for the second quarter ending June 30, 2022. The financial results will be released after market close on August 10, 2022. Investors can access the call via a dedicated webcast on IR.CNFRH.com or by calling 844-868-8843 (domestic) or 412-317-6589 (international). The archive will be available on the company's website for replay.
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.
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%.
