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Stock impact report

AM Best Downgrades and Withdraws Credit Ratings of Conifer Holdings, Inc. and Subsidiaries [Yahoo! Finance]

Conifer Holdings, Inc. (CNFR) 
Last conifer holdings, inc. earnings: 2/26 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.cnfrh.com
Company Research Source: Yahoo! Finance
Credit Ratings (Long-Term ICR) to "ccc" (Weak) from "bbb-" (Good) of Conifer Insurance Company (CIC) and White Pine Insurance Company (White Pine), subsidiaries of Conifer Holdings, Inc. (CHI) [NASDAQ: CNFR], a publicly traded property/casualty insurance holding company. Additionally, AM Best has downgraded the Long-Term ICR to "c" (Poor) from "bb-" (Fair) of CHI. Concurrently, AM Best has placed all of these Credit Ratings (ratings) under review with negative implications. At the same time, AM Best has withdrawn all of these ratings as the company has requested to no longer participate in AM Best's interactive rating process. All companies are domiciled in Troy, MI. and collectively referred to as Conifer Insurance Group (Conifer). The ratings reflect Conifer's balance sheet strength, which AM Best assesses as very weak, as well as its marginal operating performance, limited business profile and weak enterprise risk management (ERM). The rating actions take into consideration the Show less Read more
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