Conifer Holdings (CNFR) Misses Q1 EPS by 39c

Conifer Holdings (NASDAQ: CNFR) reported Q1 EPS of ($0.49), $0.39 worse than the analyst estimate of ($0.10).

Management Comments James Petcoff, Chairman and CEO, commented, “For the quarter, we achieved steady growth in both our commercial and personal lines segments, despite the unique and disruptive challenges created by the COVID-19 pandemic. While the tumult in the capital markets resulted in a net loss during the quarter, we were pleased with the improvement in premium growth.”

Mr. Petcoff continued, “We are continuing to evaluate the overall impact of COVID-19 on our business, with our primary focus on the safety and well-being of our insureds, agent partners and employees. While the economic challenges presented by COVID-19 create uncertainty, we are encouraged by strong retention across our core books of business, and believe our continuing underwriting discipline will serve us well in the long-term.”

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

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