Conifer Holdings Inc
NASDAQ:CNFR

  • LAST PRICE
    0.9660
  • TODAY'S CHANGE (%)
    0.0000 (0.0000%)
  • Bid / Lots
    0.8816/ 2
  • Ask / Lots
    0.9660/ 6
  • Open / Previous Close
    0.0000 / 0.9660
  • Day Range
    ---
  • 52 Week Range
    0.6500
    1.8000
  • Volume
    ---

Search Criteria

Click on magnifying glass icon to search

CompanyCountrySymbol

TD Direct Investing offers more research reports than any other discount brokerage in Canada. Provided from the industry's most trusted sources, our service includes timely, relevant information for the current trading day and comprehensive industry, sector, and insider trading reports for further analysis.

Open a New Account, or Login if you're a client.

  • Apr 4, 2024

      Show headlines and story abstract

    • 4:02PM ET on Thursday Apr 04, 2024 by MT Newswires
      Companies Mentioned: CNFR
      04:02 PM EDT, 04/04/2024 (MT Newswires) -- ...

    • 4:01PM ET on Thursday Apr 04, 2024 by GlobeNewswire
      Companies Mentioned: CNFR

    • 4:01PM ET on Thursday Apr 04, 2024 by Dow Jones
      Companies Mentioned: CNFR
      Investment securities: Debt securities, at fair value (amortized cost of $135,370 and $127,119, respectively) $ 122,113 $ 110,201 Equity securities, at fair value (cost of $2,385 and $1,905, respectively) 2,354 1,267 Short-term investments, at fair value 20,838 25,929 --------- --------- Total investments 145,305 137,397 Cash and cash equivalents 11,125 28,035 Premiums and agents' balances receivable, net 29,369 21,802 Receivable from Affiliate 1,047 1,261 Reinsurance recoverables on unpaid losses 70,807 82,651 Reinsurance recoverables on paid losses 12,619 6,653 Prepaid reinsurance premiums 28,908 16,399 Deferred policy acquisition costs 6,285 10,290 Other assets 6,339 7,862 --------- --------- Total assets $ 311,804 $ 312,350 ========= ========= Liabilities and Shareholders' Equity Liabilities: Unpaid losses and loss adjustment expenses $ 174,612 $ 165,539 Unearned premiums 65,150 67,887 Reinsurance premiums payable 246 6,144 Debt 25,061 33,876 Funds held under reinsurance agreements 24,550 11,084 Premiums payable to other insureds 13,986 - Accounts payable and accrued expenses 5,310 8,870 Total liabilities 308,915 293,400 Commitments and contingencies - - Shareholders' equity: Preferred stock, no par value (10,000,000 shares authorized; 1,000 and 0 issued and outstanding, respectively) 6,000 - Common stock, no par value (100,000,000 shares authorized; 12,222,881 and 12,215,849 issued and outstanding, respectively) 98,100 97,913 Accumulated deficit (86,683) (60,760) Accumulated other comprehensive income (loss) (14,528) (18,203) Total shareholders' equity 2,889 18,950 --------- --------- Total liabilities and shareholders' equity $ 311,804 $ 312,350 ========= ========= Conifer Holdings, Inc. and Subsidiaries Consolidated Statements of Operations (Unaudited) (dollars in thousands, except share and per share data) Three Months Ended Year Ended December 31, December 31, -------------------------- ---------------------------- 2023 2022 2023 2022 Revenue and Other Income Premiums Gross earned premiums $ 38,115 $ 34,454 $ 146,572 $ 135,401 Ceded earned premiums (23,294) (11,232) (62,637) (38,690) ---------- ---------- ---------- ---------- Net earned premiums 14,821 23,222 83,935 96,711 Net investment income 1,415 1,112 5,526 3,043 Net realized investment gains (losses) (20) - (20) (1,505) Change in fair value of equity securities 13 (43) 608 403 Gain from VSRM Transaction - 8,810 - 8,810 Loss portfolio transfer risk fee - (5,400) - (5,400) Gain from sale of renewal rights - - 2,335 - Other gains (losses) - (1) - 59 Agency commission income 4,743 278 5,680 1,414 Other income 168 526 694 1,354 Total revenue and other income 21,140 28,504 98,758 104,889 Expenses Losses and loss adjustment expenses, net 28,470 24,500 82,413 81,440 Policy acquisition costs 7,033 4,760 20,892 22,179 Operating expenses 4,095 5,779 17,891 18,789 Interest expense 845 755 3,206 2,971 Total expenses 40,443 35,794 124,402 125,379 ---------- ---------- ---------- ---------- Income (loss) before income taxes (19,303) (7,290) (25,644) (20,490) Equity earnings in Affiliate, net of tax (148) - (251) 368 Income tax expense (benefit) 9 (9,401) 9 (9,441) ---------- ---------- ---------- ---------- Net income (loss) (19,460) 2,111 (25,904) (10,681) Preferred stock dividends 19 - 19 - ---------- ---------- ---------- ---------- Net income (loss) allocable to common shareholders (19,441) 2,111 (25,885) (10,681) ========== ========== ========== ========== Earnings (loss) per common share, basic and diluted $ (1.59) $ 0.17 $ (2.12) $ (1.00) Weighted average common shares outstanding, basic and diluted 12,222,881 12,215,479 12,220,511 10,692,090

    • 4:01PM ET on Thursday Apr 04, 2024 by Dow Jones
      Companies Mentioned: CNFR

    • 10:00AM ET on Thursday Apr 04, 2024 by GlobeNewswire
      Companies Mentioned: CNFR

Peers Headlines