Conifer Holdings Inc
For the period ended Mar 31, 2024. Filed May 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 14, 2024
PRHI$6.97+2.0%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows (Unaudited)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash Flows From Operating Activities | ||
| Net income (loss) | $231 | $1,001 |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 148 | 98 |
| Amortization of bond premium and discount, net | (167) | (97) |
| Change in fair value of equity securities | (43) | (694) |
| Stock-based compensation expenses | 32 | 55 |
| Equity loss (earnings) in Affiliate, net of tax | (58) | 179 |
| Changes in operating assets and liabilities: | ||
| (Increase) decrease in: | ||
| Premiums and agents' balances and other receivables | 5,205 | (91) |
| Reinsurance recoverables | 4,544 | 19,180 |
| Prepaid reinsurance premiums | 8,422 | (5,530) |
| Deferred policy acquisition costs | 622 | 1,964 |
| Other assets | (499) | (418) |
| Increase (decrease) in: | ||
| Unpaid losses and loss adjustment expenses | 1,214 | (20,177) |
| Unearned premiums | (9,919) | 1,920 |
| Funds held under reinsurance agreements | (339) | (2,759) |
| Reinsurance premiums payable | 2,153 | 1,319 |
| Premiums payable to other insureds | (5,146) | — |
| Accounts payable and other liabilities | 1,775 | (1,968) |
| Net cash provided by (used in) operating activities | 8,175 | (6,018) |
| Cash Flows From Investing Activities | ||
| Purchase of investments | (52,396) | (60,052) |
| Proceeds from maturities and redemptions of investments | 1,764 | 2,105 |
| Proceeds from sales of investments | 49,074 | 58,413 |
| Obligation to SSU | — | (934) |
| Net cash provided by (used in) investing activities | (1,558) | (468) |
| Cash Flows From Financing Activities | ||
| Dividends paid to shareholders | (176) | — |
| Repayment of long-term debt | (250) | — |
| Net cash provided by (used in) financing activities | (426) | — |
| Net increase (decrease) in cash | 6,191 | (6,486) |
| Cash at beginning of period | 11,125 | 28,035 |
| Cash at end of period | $17,316 | $21,549 |
| Supplemental Disclosure of Cash Flow Information: | ||
| Interest paid | $964 | $686 |
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