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 Operations (Unaudited)
(dollars in thousands, except per share data)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue and Other Income | ||||
| Premiums | ||||
| Gross earned premiums | $23,278 | 38,150 | $86,891 | $108,457 |
| Ceded earned premiums | (8,677) | (14,171) | (38,737) | (39,343) |
| Net earned premiums | 14,601 | 23,979 | 48,154 | 69,114 |
| Net investment income | 1,391 | 1,439 | 4,411 | 4,036 |
| Net realized investment gains (losses) | (7) | — | (125) | — |
| Change in fair value of equity securities | (29) | (87) | (182) | 595 |
| Other income | 61 | 109 | 287 | 408 |
| Total revenue and other income | 16,017 | 25,440 | 52,545 | 74,153 |
| Expenses | ||||
| Losses and loss adjustment expenses, net | 15,152 | 20,911 | 40,953 | 53,943 |
| Policy acquisition costs | 3,249 | 4,400 | 9,800 | 13,405 |
| Operating expenses | 3,594 | 4,093 | 8,666 | 12,769 |
| Interest expense | 2,275 | 855 | 4,021 | 2,361 |
| Total expenses | 24,270 | 30,259 | 63,440 | 82,478 |
| Income (loss) from continuing operations before income taxes | (8,253) | (4,819) | (10,895) | (8,325) |
| Income tax expense (benefit) | (1,367) | (457) | (1,851) | (464) |
| Net income (loss) from continuing operations | $(6,886) | $(4,362) | $(9,044) | $(7,861) |
| Net income from discontinued operations | 60,176 | 1,656 | 58,773 | 1,417 |
| Net income (loss) | 53,290 | (2,706) | 49,729 | (6,444) |
| Preferred stock dividends | 502 | — | 817 | — |
| Net income (loss) allocable to common shareholders | $52,788 | $(2,706) | $48,912 | $(6,444) |
| Earnings (loss) per common share, basic and diluted | ||||
| Net income (loss) from continuing operations | $(0.60) | $(0.36) | $(0.81) | $(0.64) |
| Net income from discontinued operations | $4.92 | $0.14 | $4.81 | $0.12 |
| Net income (loss) allocable to common shareholders | $4.32 | $(0.22) | $4.00 | $(0.53) |
| Weighted average common shares outstanding, basic and diluted | 12,222,881 | 12,222,881 | 12,222,881 | 12,219,713 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.