Conifer Holdings Stock Price, News & Analysis

CNFR historically referred to the common stock of Conifer Holdings, Inc., a Michigan-based property and casualty insurance holding company. According to multiple company news releases, Conifer operated through insurance subsidiaries that offered specialty insurance coverage for commercial and personal lines and marketed these products through independent agents. The company was classified in the direct property and casualty insurance industry within the broader finance and insurance sector.

Company disclosures describe Conifer as focusing its insurance activities on both commercial lines and personal lines business. Over time, management highlighted a shift in emphasis. In several financial result announcements, Conifer explained that its commercial lines production was being reduced or placed into runoff, while personal lines – particularly low-value dwelling homeowners’ insurance in Texas and the Midwest – became a larger share of gross written premium. Personal lines are repeatedly described as consisting primarily of low-value dwelling homeowners’ insurance in those regions.

Beginning in 2024, Conifer reported a strategic shift in its revenue model. In first and second quarter 2024 communications, the company stated that it was moving away from a traditional risk-bearing carrier model toward a wholesale agency, production-based approach. This involved routing commercial gross written premium through its wholly owned managing general agency, Conifer Insurance Services (CIS), and directing premium to third-party capacity providers. The company noted that it anticipated substantially all commercial lines business would be directly written by third-party insurers with specified A.M. Best ratings, with Conifer focusing on commission-based revenue in its agency segment.

In August 2024, Conifer announced the sale of its insurance agency operations and the sale of its remaining interest in Sycamore Specialty Underwriters. The company stated that, as a result of this transaction, it no longer had any insurance agency operations and expected a significant decline in revenue. Subsequent quarterly updates reiterated that commercial lines production was down sharply and that commercial lines represented a diminishing percentage of total gross written premium, with future premiums expected to consist primarily of personal lines business such as homeowners’ insurance in Texas and the Midwest.

Throughout 2024 and 2025, Conifer’s financial reports discussed underwriting performance metrics such as loss ratio, expense ratio, and combined ratio for both commercial and personal lines. Management commentary emphasized efforts to strengthen reserves in commercial lines, manage expense ratios, and refine underwriting in personal lines. The company also regularly highlighted net investment income as an important component of overall results, and used non-GAAP measures such as adjusted operating income (loss) to present its view of underlying operating performance. Definitions of these non-GAAP measures and reconciliations to GAAP net income (loss) were included in the company’s releases.

On March 28, 2025, Conifer’s year-end 2024 results release described 2024 as a transitional year, citing the completed sale of its insurance agency operations, debt reduction, reserve strengthening, and a focus on select personal lines. The company indicated that commercial lines business was expected to represent a smaller share of gross written premium going forward, with personal lines – notably its homeowners’ insurance portfolio in Texas and the Midwest – expected to account for most future premiums.

A significant corporate change occurred later in 2025. On September 29, 2025, Conifer announced that it would rebrand as Presurance Holdings, Inc. Effective September 30, 2025, the company’s common stock trading symbol on Nasdaq changed from “CNFR” to “PRHI”, and its 9.75% Senior Notes due 2028 trading symbol changed from “CNFRZ” to “PRHIZ”. An accompanying Form 8-K filed on October 1, 2025, confirms that Conifer Holdings, Inc. changed its name to Presurance Holdings, Inc. by filing a certificate of amendment to its articles of incorporation, and that the ticker symbol changes became effective at the open of the market on that date. The filing notes that the company’s common stock and notes continued to trade under their existing CUSIP numbers.

Subsequent disclosures and earnings releases refer to the company as Presurance Holdings, Inc., describing it as a Michigan-based property and casualty holding company that, through its subsidiaries, provides specialty insurance coverage designed to protect individuals, businesses, and communities. These communications state that the company’s shares trade on the Nasdaq Capital Market under the symbol PRHI and its 9.75% Senior Notes due 2028 trade under PRHIZ.

For investors researching CNFR, it is important to recognize that CNFR is now a historical ticker symbol. The underlying corporate entity continues as Presurance Holdings, Inc., and current trading and disclosure activity is associated with the PRHI symbol for common stock and PRHIZ for the senior notes, as documented in the company’s press releases and SEC filings.

Business focus and segment mix

Company reports describe two primary categories of insurance activity: commercial lines and personal lines. Commercial lines historically included various programs, with management noting, for example, that substantially all of a security guard program was no longer being written on Conifer paper as part of the shift to a commission-based model. Over 2024 and into 2025, Conifer repeatedly reported that commercial lines gross written premium and net earned premium had declined significantly year over year, and that much of the remaining commercial lines production was in runoff.

Personal lines, by contrast, were described as consisting primarily of low-value dwelling homeowners’ insurance in Texas and the Midwest, and as representing a growing share of total gross written premium. Multiple quarterly releases in 2024 and 2025 state that personal lines premium increased compared to prior-year periods, led by growth in the low-value dwelling line of business in Texas. These releases also note that personal lines represented a substantial majority of gross written premium in several quarters.

Across both segments, the company’s communications emphasize underwriting discipline, reserve strengthening in commercial lines, and efforts to align portfolio metrics with internal targets. The company regularly discloses loss ratios, expense ratios, and combined ratios for total operations and by segment, and discusses the impact of weather-related events, particularly storms in Texas and other areas, on personal lines loss experience.

Corporate evolution and name change

The transition from Conifer Holdings, Inc. (CNFR) to Presurance Holdings, Inc. (PRHI) is documented in both press releases and SEC filings. A September 29, 2025 announcement describes the rebrand as reflecting the company’s continued evolution and laying a foundation for the future. The associated Form 8-K filed on October 1, 2025, states that effective September 30, 2025, Conifer Holdings, Inc. changed its name to Presurance Holdings, Inc., and that the Nasdaq trading symbols for the common stock and 9.75% Senior Notes due 2028 changed from CNFR and CNFRZ to PRHI and PRHIZ, respectively.

Later in 2025, earnings releases and an 8-K dated November 17, 2025 refer to Presurance Holdings, Inc. and confirm that the company is a Michigan-based property and casualty holding company. These documents continue to discuss personal and commercial lines performance, underwriting ratios, net investment income, and adjusted operating income (loss), indicating continuity of the underlying business despite the change in corporate name and ticker symbol.

Use of non-GAAP measures and financial reporting

Throughout its releases as Conifer and Presurance, the company explains its use of non-GAAP measures, particularly adjusted operating income (loss). The definitions provided state that adjusted operating income (loss) is calculated by excluding items such as net realized investment gains (losses), changes in fair value of equity securities, changes in fair value of contingent considerations, contingent consideration bonus expense, and net income (loss) from discontinued operations. The company states that it uses adjusted operating income as an internal performance measure because it believes this measure provides useful insight into results of operations and underlying business performance. Reconciliations from GAAP net income (loss) to adjusted operating income (loss) are included in the tabular data accompanying each release.

In addition, the company’s filings and releases contain standard forward-looking statement disclaimers, referencing risk factors described in its Form 10-K and other SEC reports. These statements indicate that expectations regarding premiums, earnings, capital position, expansion, and business strategies are subject to risks and uncertainties beyond management’s control.

CNFR as a historical symbol

Given the documented name and ticker change, CNFR should be understood as the former Nasdaq symbol for Conifer Holdings, Inc. Historical financial results, strategic updates, and corporate actions prior to September 30, 2025 are associated with CNFR. After that date, ongoing disclosures and market activity are associated with PRHI for the common stock and PRHIZ for the 9.75% Senior Notes due 2028, as confirmed by the company’s September 29, 2025 press release and the October 1, 2025 Form 8-K.