Conifer Holdings Inc. ( (CNFR) ) has released its Q1 earnings. Here is a breakdown of the information Conifer Holdings Inc. presented to its investors.
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Conifer Holdings, Inc. is a Michigan-based property and casualty insurance company that specializes in offering personal lines insurance through independent agents, with a focus on low-value dwelling homeowner’s insurance in Texas and the Midwest. Conifer Holdings reported its financial results for the first quarter of 2025, highlighting a mixed performance with an increase in personal lines production by 22% and a net income of $522,000, or $0.04 per share, despite a decrease in gross written premiums by 33.5% due to a strategic shift away from commercial lines. Key financial metrics showed a decline in net written and earned premiums, and a significant increase in the combined ratio to 140.5% from 96.7% in the previous year, reflecting higher loss and expense ratios. The company also reported a decrease in net investment income and a loss in the fair value of equity securities. Moving forward, Conifer Holdings remains focused on expanding its personal lines business, particularly in Texas, while management anticipates a moderation in the loss ratio as the year progresses.