Conifer Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 06:20 am EST
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Conifer Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 28.12 million compared to USD 26.34 million a year ago. Net loss was USD 2.71 million compared to USD 1.52 million a year ago. Basic loss per share from continuing operations was USD 0.22 compared to USD 0.14 a year ago. Diluted loss per share from continuing operations was USD 0.22 compared to USD 0.14 a year ago.
For the nine months, revenue was USD 77.62 million compared to USD 76.39 million a year ago. Net loss was USD 6.44 million compared to USD 12.79 million a year ago. Basic loss per share from continuing operations was USD 0.53 compared to USD 1.26 a year ago. Diluted loss per share from continuing operations was USD 0.53 compared to USD 1.26 a year ago.
Conifer Holdings, Inc. is a specialty insurance holding company engaged in the sale of property and casualty insurance products. It operates through three classes of insurance businesses: commercial lines, personal lines and wholesale agency business. The commercial insurance offers coverage for both commercial property and commercial liability, including commercial automobiles and workersâ compensation. The personal insurance segment offers homeowners insurance and dwelling fire insurance products to individuals in several states. Its specialty homeownersâ insurance product is primarily comprised of low-value dwelling insurance tailored for owners of lower valued homes, which offer in Illinois, Indiana and Texas. Wholesale agency business segment offers commercial and personal lines insurance products for its Insurance Company Subsidiaries as well as third-party insurers. Its subsidiaries include Red Cedar Insurance Company, White Pine Insurance Company and Conifer Insurance Services.