Conifer Holdings Inc
For the period ended Sep 30, 2024. Filed Nov 13, 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.
Sep 30, 2024 · Filed Nov 13, 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 Statements of Cash Flows (Unaudited)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash Flows From Operating Activities | ||
| Net income (loss) allocable to common shareholders | $(9,044) | $(7,861) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 1,212 | 392 |
| Amortization of bond premium and discount, net | (424) | (736) |
| Net realized investment (gains) losses | 125 | — |
| Change in fair value of equity securities | 182 | (595) |
| Stock-based compensation expenses | 62 | 147 |
| Other | (1,901) | (109) |
| Changes in operating assets and liabilities: | ||
| (Increase) decrease in: | ||
| Premiums and agents' balances and other receivables | 16,364 | 418 |
| Reinsurance recoverables | 4,647 | 35,579 |
| Prepaid reinsurance premiums | 19,363 | (26,733) |
| Deferred policy acquisition costs | (186) | 4,594 |
| Other assets | 945 | (496) |
| Increase (decrease) in: | ||
| Unpaid losses and loss adjustment expenses | (13,707) | (26,325) |
| Unearned premiums | (28,522) | 10,978 |
| Funds held under reinsurance agreements | (1,055) | — |
| Reinsurance premiums payable | (246) | 14,024 |
| Accounts payable and other liabilities | (7,215) | 1,544 |
| Other: | ||
| Net cash provided by (used in) operating activities - discontinued operations | 6,722 | (5,550) |
| Net cash provided by (used in) operating activities | (12,678) | (729) |
| Cash Flows From Investing Activities | ||
| Purchase of investments | (139,736) | (172,143) |
| Proceeds from maturities and redemptions of investments | 8,416 | 7,467 |
| Proceeds from sales of investments | 142,989 | 159,070 |
| Proceeds from CIS Sale | 43,043 | — |
| Proceeds from SSU Sale | 3,000 | — |
| Net cash provided by (used in) investing activities - discontinued operations | (7,184) | 1,566 |
| Net cash provided by (used in) investing activities | 50,528 | (4,040) |
| Cash Flows From Financing Activities | ||
| Repayment of preferred stock | (6,000) | — |
| Dividends paid to shareholders | (836) | — |
| Repayment of long-term debt | (9,750) | (13,721) |
| Repurchase of common stock | — | (3) |
| Borrowings under Federal Home Loan Bank of Indianapolis | — | 6,727 |
| Debt issuance costs | — | (1,908) |
| Net cash provided by (used in) financing activities | (16,586) | (8,905) |
| Net increase (decrease) in cash | 21,264 | (13,674) |
| Cash at beginning of period | 11,125 | 28,035 |
| Cash at end of period | 32,389 | 14,361 |
| Less: Cash and cash equivalents of discontinued operations at the end of period | — | 880 |
| Cash and cash equivalents of continuing operations at the end of period | $32,389 | $13,481 |
| Supplemental Disclosure of Cash Flow Information: | ||
| Interest paid | $3,398 | $2,491 |
| Senior Secured Notes Call Premium | 753 | — |
| Income taxes paid (refunded), net | — | (17) |
| Payable for securities | 8,000 | — |
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