Conifer Holdings Reports Q3 Gains Amid Strategic Shifts
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 16 2024
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Source: Business Insider
Q3 Earnings Report: Conifer Holdings Inc. reported a net income of $53.3 million for Q3 2024, driven by the sale of its agency business, despite ongoing losses from continuing operations and a decrease in gross earned premiums.
Operational Focus: The company is shifting its focus to its core specialty homeowners business while addressing challenges related to loss reserve development and financial stability, with shareholders' equity significantly increasing from $2.9 million to $49.1 million.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
