Conifer Holdings (NASDAQ:CNFR) reported quarterly losses of $(1.59) per share.
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NEW YORK and TROY, Mich., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Bishop Street Underwriters ("Bishop Street"), a multi-boutique insurance platform owned by RedBird Capital Partners ("RedBird"), today announced it has acquired Conifer Insurance Services ("Conifer" or "CIS"), a specialty commercial managing general agency ("MGA") from Conifer Holdings, Inc. (NASDAQ:CNFR). The acquisition of Conifer marks Bishop Street's entry into commercial lines, expanding its multiline, differentiated MGA platform. Conifer operates a portfolio of three programs across several specialty lines of business, including main street small and medium sized enterprises (SMEs), hospitality and auto dealers. Conifer's
TROY, Mich., April 04, 2024 (GLOBE NEWSWIRE) -- Conifer Holdings, Inc. (NASDAQ:CNFR) ("Conifer") today announced commencement of a capacity relationship with Accelerant, a data-driven risk exchange, connecting underwriters of specialty insurance risk with risk capital providers. Accelerant holds a financial strength rating of "A-" (Excellent) from A.M. Best. By leveraging Accelerant's Risk Exchange, including its analytics platform, Conifer aims to improve risk assessment, thereby enhancing its underwriting process to deliver tailored specialty insurance products to its niche commercial clients. Management Comments"We are excited to join forces with Accelerant to expand our capacity and
TROY, Mich., April 01, 2024 (GLOBE NEWSWIRE) -- Conifer Holdings, Inc. (NASDAQ:CNFR) ("Conifer") today announced that it recently launched a strategic partnership with Palomar Holdings, Inc. ("Palomar") aimed at providing comprehensive coverage tailored specifically for the cannabis industry on Palomar Specialty Insurance Company ("PSIC") and Palomar Excess and Surplus Insurance Company ("PESIC") paper. PSIC and PESIC have a financial strength rating of "A-" (Excellent) from A.M. Best. In response to the rapidly evolving landscape of cannabis legalization and the burgeoning needs of cannabis businesses, this partnership represents a significant step forward in addressing the unique ri
TROY, Mich., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Conifer Holdings, Inc. (NASDAQ:CNFR) ("Conifer" or the "Company") today announced results for the third quarter ended September 30, 2024. This quarter, the Company reported a $61 million gain on the sale of its insurance agency operations, completed in August of this year, along with an adjusted operating loss of over $7 million in the period. Third Quarter 2024 Financial Highlights $61 Million gain on sale of insurance agency operationsAdjusted operating loss of $7.4 million or ($0.60) a shareNet income of $53.3 million for the period Management Comments Brian Roney, CEO of Conifer, commented, "Third quarter results reflect the successfu
TROY, Mich., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Conifer Holdings, Inc. (NASDAQ:CNFR) ("Conifer" or the "Company") today announced results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Highlights (compared to the prior year period) Expense ratio improved 5.8 percentage points to 32.1%Net investment income increased 11.2% over the prior year period to $1.5 millionSignificant progress in planned gross written premium shift toward MGA model Management Comments Nick Petcoff, CEO of Conifer, commented, "We are pleased to report significant advances in our strategic transformation. Our main focus is shifting premium away from the traditional risk-bearing ca
TROY, Mich., Aug. 12, 2024 (GLOBE NEWSWIRE) -- Conifer Holdings, Inc. (NASDAQ:CNFR) announced today that it will host a conference call/webcast on Wednesday, August 14, 2024, at 8:30am Eastern Time to discuss financial results for the second quarter ended June 30, 2024. The Company plans to release its second quarter financial results after the market closes on Tuesday, August 13, 2024. Investors, analysts, employees and the public are invited to listen to the conference call via: Webcast:CNFR Q2 2024 Financial Results Webcastor on the Event Calendar at IR.CNFRH.com Conference Call:844-868-8843 (domestic) or 412-317-6589 (international) The webcast will be archived and available fo
Conifer Holdings (NASDAQ:CNFR) reported quarterly earnings of $0.02 per share which beat the analyst consensus estimate of $(0.02) by 200 percent. This is a 33.33 percent decrease over earnings of $0.03 per share from the same period last year. The company reported quarterly sales of $16.89 million which missed the analyst consensus estimate of $17.39 million by 2.89 percent. This is a 23.07 percent decrease over sales of $21.95 million the same period last year.
Shares of Agenus Inc. (NASDAQ:AGEN) fell sharply during Monday’s session. Agenus disclosed a 1-for-20 reverse stock split of common stock. Agenus Inc. (NASDAQ:AGEN) declined 17% to $0.4181 on Monday. Here are some other stocks moving in today's mid-day session. Gainers Auddia Inc. (NASDAQ:AUUD) shares jumped 231.7% to $4.72 after the company announced the USPTO awarded it with U.S. Patent 11,935,520 for the core AI technology the company uses in its flagship faidr app to deliver ad-free AM/FM radio stations to paid subscribers. Longeveron Inc. (NASDAQ:LGVN) shares climbed 93.2% to $4.2499 after the company submitted paperwork for a share offering. UTime Limited (NASDAQ:WTO) gained
Conifer Holdings (NASDAQ:CNFR) reported quarterly losses of $(1.59) per share which missed the analyst consensus estimate of $(0.02) by 7850 percent. This is a 1490 percent decrease over losses of $(0.10) per share from the same period last year. The company reported quarterly sales of $14.82 million which missed the analyst consensus estimate of $15.46 million by 4.13 percent. This is a 36.18 percent decrease over sales of $23.22 million the same period last year.
8-K - Conifer Holdings, Inc. (0001502292) (Filer)
10-Q - Conifer Holdings, Inc. (0001502292) (Filer)
8-K/A - Conifer Holdings, Inc. (0001502292) (Filer)
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TROY, Mich., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Conifer Holdings, Inc. (NASDAQ:CNFR) ("Conifer" or the "Company") today announced results for the third quarter ended September 30, 2024. This quarter, the Company reported a $61 million gain on the sale of its insurance agency operations, completed in August of this year, along with an adjusted operating loss of over $7 million in the period. Third Quarter 2024 Financial Highlights $61 Million gain on sale of insurance agency operationsAdjusted operating loss of $7.4 million or ($0.60) a shareNet income of $53.3 million for the period Management Comments Brian Roney, CEO of Conifer, commented, "Third quarter results reflect the successfu
NEW YORK and TROY, Mich., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Bishop Street Underwriters ("Bishop Street"), a multi-boutique insurance platform owned by RedBird Capital Partners ("RedBird"), today announced it has acquired Conifer Insurance Services ("Conifer" or "CIS"), a specialty commercial managing general agency ("MGA") from Conifer Holdings, Inc. (NASDAQ:CNFR). The acquisition of Conifer marks Bishop Street's entry into commercial lines, expanding its multiline, differentiated MGA platform. Conifer operates a portfolio of three programs across several specialty lines of business, including main street small and medium sized enterprises (SMEs), hospitality and auto dealers. Conifer's
TROY, Mich., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Conifer Holdings, Inc. (NASDAQ:CNFR) ("Conifer" or the "company") today announced that on August 30, 2024, it completed the sale of its insurance agency operations for consideration equal to $45 million (subject to transaction expenses and customary purchase price adjustments), plus possible additional earn-out payments of up to $25 million based on the future performance of the operations that were sold. Conifer also sold its remaining interest in Sycamore Specialty Underwriters for a purchase price of $6.5 million, of which $3 million was paid at closing and the remaining $3.5 million is scheduled to be paid by the end of 2024. As a result