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.
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