Conifer Holdings Reports 2024 Third Quarter Financial Results [Yahoo! Finance]
Conifer Holdings, Inc. (CNFR)
Last conifer holdings, inc. earnings: 2/26 04:01 pm
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US:NASDAQ Investor Relations:
ir.cnfrh.com
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Source: Yahoo! Finance
This quarter, the Company reported a $61 million gain on the sale of its insurance agency operations, completed in August of this year, along with an adjusted operating loss of over $7 million in the period. Third Quarter 2024 Financial Highlights $61 Million gain on sale of insurance agency operations Adjusted operating loss of $7.4 million or ($0.60) a share Net income of $53.3 million for the period Management Comments Brian Roney, CEO of Conifer, commented, "Third quarter results reflect the successful culmination of the sale of our insurance agency operations to Bishop Street Underwriters. With the sale, and the majority of our commercial lines production in runoff, we are focusing underwriting efforts on select personal lines, particularly in Texas and Midwest homeowners.” Reduction of Commercial Lines Business For the period, total Gross Written Premium was down almost 61% overall, and net earned premium was down 39%. As a result of the sale completed in August
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CNFR
Sec Filings
- 11/13/24 - Form 8-K
- 11/13/24 - Form 10-Q
- 10/4/24 - Form 8-K/A
- CNFR's page on the SEC website