Conifer Holdings (NASDAQ: CNFR) reported Q4 EPS of ($0.49), $0.41 worse than the analyst estimate of ($0.08).

• The Company continued its strategic business mix redistribution throughout the fourth quarter
• Commercial lines gross written premiums increased, offset by decline in personal lines premium
  • Commercial lines production up slightly in the quarter to $26 million
  • Personal lines premium was down 75% in the quarter (Florida Homeowners reduced 81%)
• Overall, gross written premium decreased to $27.4 million from $31.2 million
• Combined ratio was 122.1% for the period (Personal Lines combined ratio was 142.7%)
• Commercial Lines accident year combined ratio was 102%
• Net loss of $4.8 million, or $0.56 per share based on 8.6 million weighted average common diluted shares outstanding

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