Conifer Holdings Inc
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
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FY2023 · Filed Apr 1, 2024
PRHI$7.25+2.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets – December 31, 2023 and 2022
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Investment securities: | ||
| Debt securities, at fair value (amortized cost of $135,370 and $127,119, respectively) | $122,113 | $110,201 |
| Equity securities, at fair value (cost of $2,385 and $1,905, respectively) | 2,354 | 1,267 |
| Short-term investments, at fair value | 20,838 | 25,929 |
| Total investments | 145,305 | 137,397 |
| Cash and cash equivalents | 11,125 | 28,035 |
| Premiums and agents' balances receivable, net | 29,369 | 21,802 |
| Receivable from Affiliate | 1,047 | 1,261 |
| Reinsurance recoverables on unpaid losses | 70,807 | 82,651 |
| Reinsurance recoverables on paid losses | 12,619 | 6,653 |
| Prepaid reinsurance premiums | 28,908 | 16,399 |
| Deferred policy acquisition costs | 6,285 | 10,290 |
| Other assets | 6,339 | 7,862 |
| Total assets | $311,804 | $312,350 |
| Liabilities and Shareholders' Equity | ||
| Liabilities: | ||
| Unpaid losses and loss adjustment expenses | $174,612 | $165,539 |
| Unearned premiums | 65,150 | 67,887 |
| Reinsurance premiums payable | 246 | 6,144 |
| Debt | 25,061 | 33,876 |
| Funds held under reinsurance agreements | 24,550 | 11,084 |
| Premiums payable to other insureds | 13,986 | — |
| Accounts payable and accrued expenses | 5,310 | 8,870 |
| Total liabilities | 308,915 | 293,400 |
| Commitments and contingencies | — | — |
| Shareholders' equity: | ||
| Preferred stock, no par value (10,000,000 shares authorized; 1,000 and 0 issued and outstanding, respectively) | 6,000 | — |
| Common stock, no par value (100,000,000 shares authorized; 12,222,881 and 12,215,849 issued and outstanding, respectively) | 98,100 | 97,913 |
| Accumulated deficit | (86,683) | (60,760) |
| Accumulated other comprehensive income (loss) | (14,528) | (18,203) |
| Total shareholders' equity | 2,889 | 18,950 |
| Total liabilities and shareholders' equity | $311,804 | $312,350 |
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