Conifer Holdings Inc - CNFRL STOCK NEWS

Conifer Holdings reported its financial results for Q4 and year-end 2022, highlighting a 4.6% increase in gross written premiums to $34.5 million compared to the previous year. However, net earned premiums decreased 11.3% to $23.2 million. The expense ratio improved by 420bps to 37.2% in Q4. The company achieved a net income of $2.1 million ($0.17 per share), a turnaround from a net loss of $801,000 in Q4 2021. Despite challenges, management expressed optimism for sustainable profitability through enhanced reserve strategies. Overall, the results signal a mixed but cautiously optimistic outlook for Conifer Holdings.

Conifer Holdings, Inc. (Nasdaq: CNFR) will host a conference call/webcast on March 9, 2023, at 8:30am ET to discuss its financial results for Q4 ending December 31, 2022. The financial results will be released post-market on March 8, 2023. Investors can join the call via webcast or by phone, with the details available on Conifer's investor relations website. The call will also refer to the company’s audited financial statements filed with the SEC in March 2022. Conifer Holdings is a specialty insurance company providing customized coverage solutions nationwide.

Conifer Holdings reported Q3 2022 results, revealing a 1.8% decline in gross written premiums to $33.1 million, although personal lines surged 41.5% to $5.5 million. Net earned premiums remained stable at $25.0 million. The expense ratio decreased to 39.9%, improving operational efficiency. The firm executed a significant asset purchase and a reinsurance agreement, securing $20 million in adverse development cover. Despite a net loss of $1.5 million or $0.14 per share, the company anticipates continued growth through strategic measures.

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.