Conifer Holdings Sells Insurance Agency Operations, Promotes Brian Roney to Chief Executive Officer
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
Company Research
Source: GlobeNewswire
TROY, Mich., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Conifer Holdings, Inc. (Nasdaq: CNFR) (“Conifer” or the “company”) today announced that on August 30, 2024, it completed the sale of its insurance agency operations for consideration equal to $45 million (subject to transaction expenses and customary purchase price adjustments), plus possible additional earn-out payments of up to $25 million based on the future performance of the operations that were sold. Conifer also sold its remaining interest in Sycamore Specialty Underwriters for a purchase price of $6.5 million, of which $3 million was paid at closing and the remaining $3.5 million is scheduled to be paid by the end of 2024. As a result of the sale, Conifer no longer has any insurance agency operations, and the company expects a significant decline in revenue. In connection with the transactions, Mr. Nick Petcoff resigned as the Chief Executive Officer and as a director of Conifer and accepted a position with the purchaser. The B
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CNFR
News
- Bishop Street Underwriters Acquires Conifer Insurance ServicesGlobeNewswire
- Conifer Holdings, Inc. (CNFR) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Conifer Holdings Reports 2024 Second Quarter Financial Results [Yahoo! Finance]Yahoo! Finance
- Conifer Holdings Reports 2024 Second Quarter Financial ResultsGlobeNewswire
- Conifer Holdings Schedules Second Quarter 2024 Earnings Conference Call/Webcast for August 14, 2024GlobeNewswire
CNFR
Earnings
- 11/9/23 - Miss
CNFR
Sec Filings
- 9/6/24 - Form 8-K
- 8/22/24 - Form 8-K
- 8/14/24 - Form 8-K
- CNFR's page on the SEC website