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Stock impact report

Conifer Holdings Reports 2019 Third 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., Nov. 11, 2019 (GLOBE NEWSWIRE) -- Conifer Holdings, Inc. (Nasdaq: CNFR) (“Conifer” or the “Company”) today announced results for the third quarter ended September 30, 2019. Third Quarter 2019 Financial Highlights Gross written premium increased 2% to $27.1 millionCommercial Lines combined ratio was 106.3% (with accident year combined ratio of 95.6%)Personal Lines combined ratio was 154.5% (with accident year combined of 125.8%)The Company’s overall accident year combined ratio was 97.4%Net loss of $1.2 million, or $0.13 per share based on 9.5 million average shares outstandingAs of September 30, 2019, book value was $4.74 per share Management Comments James Petcoff, Chairman and CEO, commented, “Our singular focus remains not on market share, but improvement in underwriting profits. We reported excellent accident year combined ratios in our commercial business, and our overall combined ratio improved dramatically as more profitable specialty lines grow in size Show less Read more
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