Conifer Holdings Inc. ( (CNFR) ) has released its Q2 earnings. Here is a breakdown of the information Conifer Holdings Inc. presented to its investors.
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Conifer Holdings Inc., headquartered in Troy, Michigan, is a company primarily engaged in the sale of property and casualty insurance products, focusing on specialty homeowners insurance in Texas, Illinois, and Indiana. The company has transitioned away from its agency business and is currently managing its run-off commercial lines.
In its latest earnings report for the quarter ending June 30, 2025, Conifer Holdings Inc. reported a net income of $2.1 million, a significant improvement from the net loss of $3.8 million in the same period last year. The company also noted a total comprehensive income of $2.6 million, driven by unrealized investment gains.
Key financial highlights include a reduction in gross earned premiums to $16.5 million from $29.4 million year-over-year, and a decrease in total expenses to $14.1 million from $22 million. The improvement in net income was supported by a positive change in the fair value of contingent considerations, contributing $5.4 million to the revenue. The company’s total assets slightly increased to $283.3 million, while shareholders’ equity rose to $28.2 million, reflecting a stronger financial position.
Looking forward, Conifer Holdings Inc. is focused on improving its capital position and maintaining regulatory compliance. The company has taken steps to enhance its risk-based capital ratio, including a quota share agreement and additional capital contributions. Management remains cautiously optimistic about the company’s ability to meet its financial obligations and continue its operations effectively.