Conifer Holdings (CNFR) Tops Q1 EPS by 4c

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Conifer Holdings Reports 2024 First Quarter Financial Results

May 14, 2024 4:01 PM EDT

TROY, Mich., May 14, 2024 (GLOBE NEWSWIRE) -- Conifer Holdings, Inc. (Nasdaq: CNFR) (Conifer or the Company) today announced results for the first quarter ended March 31, 2024.

First Quarter 2024 Financial Highlights (compared to the prior year period)

Combined ratio was 96.7%, an improvement of 2.8 percentage points from Q1 2023Expense ratio improved 2.6 percentage points to 34.7%Net investment income increased 18.7% over the prior year period to $1.6 millionNet income allocable to common shareholders of $74,000, or $0.01 per share, based on 12.2 million weighted average shares... More