Conifer Holdings Reports Q1 2025: Net Income of $522K, EPS at $0.04 Despite 33.5% Drop in Gross Written Premiums

Reuters
05/15
Conifer Holdings Reports Q1 2025: Net Income of $522K, EPS at $0.04 Despite 33.5% Drop in Gross Written Premiums

Conifer Holdings Inc. reported its financial results for the first quarter of 2025, ending March 31. The company saw a significant decrease in gross written premiums, which fell by 84% to $2.047 million compared to $12.762 million in the same period in 2024. Net written premiums also dropped by 119.4%, resulting in a negative figure of $1.604 million, contrasting with $8.287 million in the previous year. The company reported net income allocable to common shareholders of $522,000, or $0.04 per share. However, an adjusted operating loss of $3.7 million, or $0.30 per share, was recorded for the quarter. Despite these declines, personal lines production increased by 22% during the period, as Conifer focused its underwriting efforts on this segment, particularly its homeowner's insurance portfolio in Texas and the Midwest. The commercial lines of business accounted for 12.6% of total gross written premium in the first quarter of 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Conifer Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950170-25-071337), on May 14, 2025, and is solely responsible for the information contained therein.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10