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Stock impact report

Conifer Holdings Reports 2020 First Quarter Financial Results

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: GlobeNewswire
BIRMINGHAM, Mich., May 13, 2020 (GLOBE NEWSWIRE) -- Conifer Holdings, Inc. (Nasdaq: CNFR) (“Conifer” or the “Company”) today announced results for the first quarter ended March 31, 2020. First Quarter 2020 Financial Highlights (compared to the prior year period) Gross written premium increased 3.6% to $25.1 million due to growth in commercial specialty linesCommercial Lines combined ratio was 112.8% (accident year combined ratio was 94.9%)Personal Lines combined ratio was 96.9% (accident year combined ratio was 92.9%)The Company’s overall combined ratio was 111.6% (accident year combined ratio was 94.7%)Net loss of $4.7 million, or $0.49 per share based on 9.6 million average shares outstanding; largely due to a decline in the fair value of equity securities resulting from disruption in financial markets related to the COVID-19 pandemic Management Comments James Petcoff, Chairman and CEO, commented, “For the quarter, we achieved steady growth in both our commercial and personal l Show less Read more
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