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Conifer Holdings Inc   (CNFR)
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Price: $1.0800 $0.04 3.846%
Day's High: $1.08 Week Perf: -0.92 %
Day's Low: $ 1.03 30 Day Perf: -21.17 %
Volume (M): 2 52 Wk High: $ 1.80
Volume (M$): $ 2 52 Wk Avg: $1.35
Open: $1.03 52 Wk Low: $0.65



 Market Capitalization (Millions $) 13
 Shares Outstanding (Millions) 12
 Employees 133
 Revenues (TTM) (Millions $) 106
 Net Income (TTM) (Millions $) -4
 Cash Flow (TTM) (Millions $) -21
 Capital Exp. (TTM) (Millions $) 0

Conifer Holdings Inc

Through our Insurance Company Subsidiaries, we offer insurance coverage in both specialty commercial and specialty personal product lines. Currently, we are authorized to write insurance as an excess and surplus lines (“E&S”) carrier in 44 states, we are licensed to write insurance in 29 states as an admitted carrier and we offer our insurance products in all 50 states.


Many of our products are targeted to profitable classes of policyholders that we believe are underserved by other insurers. We market and sell these insurance products through a growing network of over 5,500 independent agents that distribute our policies through their approximately 2,200 sales offices. We are focused on growing our business in non-commoditized property and casualty insurance markets, while maintaining underwriting discipline and a conservative investment strategy.

We have substantial expertise in serving the unique commercial insurance needs of owner-operated businesses in the following markets:

Hospitality, such as restaurants, bars, taverns, and bowling centers (that require, among other lines, liquor liability insurance), as well as small grocery and convenience stores;
Artisan contractors, such as plumbers, painters, carpenters, electricians and other independent contractors; and

Security service providers, such as companies that provide security guard services, security alarm products and services, and private investigative services.
In our commercial lines business, we seek to differentiate ourselves and provide value to small business owner-operators by bundling different insurance products that meet a significant portion of their insurance needs. For example, in the hospitality market we offer property, casualty, and liquor liability, as well as, in some jurisdictions, workers’ compensation coverage. The breadth of our specialty commercial insurance products enables our small business customers, many of whom do not have dedicated risk management personnel, and their agents to save the administrative costs and time required to seek coverage for these items from separate insurers. As such, we compete for commercial lines business based on our flexible product offerings and customer service, rather than on pricing alone.

We also have substantial expertise in providing specialty homeowners’ insurance products to targeted customers that are often underserved by larger carriers or other established providers of homeowners’ insurance. Our personal lines products primarily include the following:

Catastrophe coverage, including hurricane and wind coverage, to underserved homeowners in Florida, Hawaii and Texas; and

Dwelling insurance tailored for owners of lower valued homes, which we currently offer in Illinois, Indiana, Louisiana and Texas.
In our personal lines business, we target homeowners in need of specific catastrophe coverage or dwelling insurance that are currently underserved by the insurance market, due to the modest value of their homes or the exposure to natural catastrophes in their geographic area. Because these homeowners are underserved, this portion of the market is typically subject to less pricing pressure from larger nationwide insurers that offer a more commoditized product. We believe our underwriting expertise enables us to compete effectively in these markets by evaluating and appropriately pricing risk. In addition, we believe our willingness to meet these underserved segments of the personal lines insurance market fosters deeper relationships with, and increased loyalty from, the agents who distribute our products.

We have built our business in a manner that is designed to adapt to changing market conditions and deliver predictable results over time. The following highlights key aspects of our model that contribute to our balanced approach:

Focus on underserved markets. We focus on providing specialty insurance products to targeted policyholders in underserved markets. We believe that most of our small business customers, many of which are owner-operated, value the efficiency of dealing with a single insurer for multiple products. By targeting small- to medium-sized accounts, we add value to the business owner directly without competing solely on price.

Deep understanding of the business and regulatory landscapes of our markets. The competition for insurance business and the regulatory operating environment vary significantly from state to state. Our business plan includes identification of market opportunities in particular jurisdictions where due to regulatory conditions, our insurance products can profitably suit the needs of our potential customers. We focus on tailoring our business to concentrate on the geographic markets and regulatory environments with the greatest opportunities for growth and profitability.

Emphasis on flexibility. We offer coverage to our insureds both on an E&S and admitted basis. We believe this flexibility enables us to pivot effectively between E&S and admitted policies as customer needs and regulatory conditions dictate.

Strong relationships with our agents. We seek to develop strong relationships with our independent agents and provide them with competitive products to offer policyholders, responsive service and attractive commissions. We believe our agents understand that we view them as key partners in risk selection that help us serve our ultimate client-the insured.

Conservative risk management with an emphasis on lowering volatility. We focus on the risk/reward of insurance underwriting, while maintaining a prudent investment policy. We employ conservative risk management practices and opportunistically purchase reinsurance to minimize our exposure to liability for individual risks. In addition, we seek to maintain a diversified liquid investment portfolio to reduce overall balance sheet volatility.



   Company Address: 3001 West Big Beaver Road Troy 48084 MI
   Company Phone Number: 559-0840   Stock Exchange / Ticker: NASDAQ CNFR
   CNFR is expected to report next financial results on March 26, 2024.


Customers recorded net loss Customers recorded net loss



• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AIG   -0.72%    
BRKA   -0.72%    
HIG        0.72% 
L        1% 
PGR        3.75% 
TRV        0.66% 
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Conifer Holdings Inc

Challenging Stock Performance Leads Conifer Holdings Inc to Focus on Fiscal Growth and Mitigating Losses

Conifer Holdings Inc, a property and casualty insurance company, has experienced a significant decline in its stock performance over the last five trading days. With a decrease of -26.47%, the stock has brought the year-to-date performance to -49.01%. Despite this slump, the stock is still trading 2.7% above its 52-week low.
Looking at the financials, Conifer Holdings Inc's fiscal third-quarter results for 2023 show an expanded deficit of $-0.22 per share compared to $-0.14 per share a year ago. However, earnings per share improved from $-0.39 in the preceding quarter. On the revenue side, the company witnessed a growth of 6.759%, generating $28.12 million in the fiscal third quarter compared to $26.34 million in the same quarter a year ago. Sequentially, revenue increased by 12.811% from $24.92 million.

Conifer Holdings Inc

Conifer Holdings Inc Faces Financial Challenges Despite Revenue Growth in FY2023



Conifer Holdings Inc, a Property & Casualty Insurance company, has faced significant challenges over the last five trading days. Its shares declined, resulting in a year-to-date performance of -17.74%. Moreover, the shares reached their 52-week low. These developments raise concerns about the company's financial stability and their future outlook. By analyzing Conifer Holdings Inc's recent financial results, we can gain insights into the potential impact on the company going forward.
1. Deteriorating Earnings per Share (EPS):
For the fiscal period ending June 30, 2023, Conifer Holdings Inc experienced a loss of $-0.39 per share, compared to a loss of $-0.86 per share in the same period the previous year. This represents a notable improvement, indicating a reduction in losses. However, it is crucial for the company to reverse this negative trend and return to profitability to instill investor confidence and drive stock price growth.

Conifer Holdings Inc

Conifer Holdings Inc Faces Setbacks with -3.103% Revenue Slide in Q1 2023 amid Property & Casualty Insurance Challenges

Conifer Holdings Inc Faces Challenges in the Property & Casualty Insurance Industry
Conifer Holdings Inc, a property and casualty insurance firm, recently published its financial results for the first quarter of 2023. Unfortunately, the company incurred a cumulative net loss of $-7 million, resulting in a negative return on equity (ROE) of -36.62%. This is lower than the industry average, with 49 other companies recording higher ROEs. Despite this, Conifer Holdings Inc's overall ranking rose to 2422 from 3511 in the previous quarter.
In the first quarter of 2023, Conifer Holdings Inc earned a profit of $0.08 per share, an improvement from a loss of $0.30 in the same period in 2022. However, this was a staggering -48.25% decrease from the previous reporting period's profit of $0.15 per share. Additionally, Conifer Holdings Inc's revenue contracted by -3.103% to $24.58 million compared to $25.37 million in the previous year's quarter. Sequentially, revenue dropped -13.77% from $28.50 million.






 

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