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Conifer Holdings (CNFR) Posts Wider Q4 Loss

February 27, 2019 4:27 PM EST
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Price: $1.48 --0%

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Conifer Holdings (NASDAQ: CNFR) reported Q4 EPS of ($0.49), $0.41 worse than the analyst estimate of ($0.08).

  • The Company continued its strategic business mix redistribution throughout the fourth quarter
  • Commercial lines gross written premiums increased, offset by decline in personal lines premium
    • Commercial lines production up slightly in the quarter to $26 million
    • Personal lines premium was down 75% in the quarter (Florida Homeowners reduced 81%)
  • Overall, gross written premium decreased to $27.4 million from $31.2 million
  • Combined ratio was 122.1% for the period (Personal Lines combined ratio was 142.7%)
  • Commercial Lines accident year combined ratio was 102%
  • Net loss of $4.8 million, or $0.56 per share based on 8.6 million weighted average common diluted shares outstanding

For earnings history and earnings-related data on Conifer Holdings (CNFR) click here.



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