Conifer Holdings (CNFR) Misses Q2 EPS by 17c

Conifer Holdings (NASDAQ: CNFR) reported Q2 EPS of ($0.14), $0.17 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $26.28 million versus the consensus estimate of $26.83 million.

(emphasis Street Insider) James Petcoff, Chairman and CEO, commented, “For the second quarter of 2017, we continued the efforts begun in the first quarter of deemphasizing the lines of business where the underwriting performance has not been aligned with our goals. Because of this shift, gross written premiums in both our commercial and personal lines of business were negatively impacted overall, but this decline was primarily offset by growth in our core specialty niche insurance products such as liquor liability and security guards. We are positioning the Company for favorable long-term underwriting performance and expect to see a return to our historical growth trends in the coming quarters.”

For earnings history and earnings-related data on Conifer Holdings (CNFR) click here.

You May Also Be Interested In

• Ondas Holdings Inc. (ONDS) Misses Q2 EPS by 9c
• Karyopharm Therapeutics (KPTI) Misses Q2 EPS by $1.01, Beats on Revenue; Offers FY26 Revenue Guidance
• Jefferies upgrades Five Below to Buy, sees path to TJX-like re-rating