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.
Conifer Insurance Company specializes in providing customized insurance products for regional industry groups that are underserved by large national and international insurance companies. With a focus on the hospitality industry, Conifer offers comprehensive coverages for restaurants, bars, and taverns, supported by expert management, underwriting, and claims handling. Headquartered in Michigan, Conifer provides admitted and excess & surplus lines capabilities tailored to specific state requirements.
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Conifer Holdings, Inc. (Nasdaq: CNFR) has appointed Isolde G. O’Hanlon as Acting Board Chair and elected J. Grant Smith to serve on the Company’s Board of Directors. Ms. O’Hanlon has over 25 years of experience in the Insurance Investment Banking field, specializing in advising and capital raising for insurance industry investments. Mr. Smith currently serves as the President and Chief Operating Officer for Waterford Bank, N.A., and has a successful track record in corporate finance and achieving record profitability and performance results post-recession.
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Conifer Holdings, Inc. (Nasdaq: CNFR) announced Q3 2023 results, highlighting a 16.5% increase in gross written premium, a 68.6% rise in net investment income, and an improved expense ratio. Despite storm-related losses, the company's core lines of business delivered positive results, and excluding these losses, Conifer would have achieved profitability in the quarter.
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Conifer Holdings, Inc. to host conference call to discuss Q3 2023 financial results
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Conifer Holdings announces Nicholas J. Petcoff as sole CEO
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Conifer Holdings, Inc. announces Q2 2023 financial results with a 19.4% increase in gross written premiums and a 5.7% decrease in net earned premiums. The company experienced atypically severe storm losses but would have achieved continued profitability without them.
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Conifer Holdings, Inc. has closed its Exchange Offer for its outstanding Senior Unsecured Notes. The Company is also offering up to $25,000,000 in New Notes for cash. The proceeds will be used to redeem the Existing Notes. Approximately $6.2 million in Existing Notes and $1.7 million in New Notes have been tendered/purchased so far.
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Conifer Holdings, Inc. expects pre-tax catastrophe losses of approximately $5.4 million in Q2 2023, resulting in a net loss of approximately $4.7 million. Excluding the impact of these losses, the company estimates it would have posted a net income of approximately $700,000. The financial results for the second quarter will be discussed in a conference call on August 10, 2023.
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Conifer Holdings, Inc. (NASDAQ: CNFR) has extended its offer to exchange outstanding 6.75% Senior Unsecured Notes due 2023 for 9.75% Senior Unsecured Notes due 2028. The company is also offering up to $25,000,000 in aggregate principal amount of New Notes for cash. The Exchange Offer will now expire on August 1, 2023. Approximately $5.2 million in aggregate principal amount of the Existing Notes had been tendered in the Exchange Offer as of July 25, 2023.
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Conifer Holdings, Inc. has announced an offer to exchange $24.4 million of its new 9.75% Senior Unsecured Notes due 2028 for its currently outstanding 6.75% Senior Unsecured Notes due 2023. They are also offering up to an additional $25 million of new 9.75% Senior Unsecured Notes due 2028 for cash. Janney Montgomery Scott and American Capital Partners, LLC are serving as the dealer managers for the exchange offer and placement agents for the new offering.
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FAQ
What does Conifer Insurance Company specialize in?
Conifer Insurance Company specializes in providing customized insurance products for regional industry groups, particularly in the hospitality sector.
Where is Conifer Insurance Company headquartered?
Conifer Insurance Company is headquartered in Michigan.
What types of businesses does Conifer Insurance Company primarily serve?
Conifer Insurance Company primarily serves businesses in the hospitality industry, including restaurants, bars, and taverns.
What specific capabilities does Conifer Insurance Company offer?
Conifer Insurance Company offers both admitted and excess & surplus lines capabilities tailored to meet state-specific requirements.
What makes Conifer Insurance Company stand out from other insurance providers?
Conifer Insurance Company stands out by focusing on regional industry groups underserved by larger national and international insurance companies.
How does Conifer Insurance Company support its clients?
Conifer Insurance Company supports its clients with expert management, underwriting, and claims handling services.
What is the key expertise of Conifer Insurance Company?
Conifer Insurance Company's core expertise lies in servicing businesses operating in the hospitality industry.
How can businesses benefit from partnering with Conifer Insurance Company?
Businesses operating in the hospitality industry can benefit from comprehensive coverages and tailored insurance solutions provided by Conifer Insurance Company.
What is the contact information for Conifer Insurance Company?
For further information, you can contact Jessica Gulis at 248.559.0840 or ir@cnfrh.com.
Where can I access the archived webcast of Conifer Insurance Company's events?
The webcast will be archived and available for replay on the Conifer Holdings website at IR.CNFRH.com.
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