CNFR Earnings Prediction
The chart below shows how CNFR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CNFR sees a +2.53% change in stock price 10 days leading up to the earnings, and a -3.36% change 10 days following the report. On the earnings day itself, the stock moves by -0.07%. This data can give you a slight idea of what to expect for the next quarter's release.
CNFR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
26.85M
7.72%
16.34%
Gross Margin
--
--
--
Operating Margin
-11.80%
-25.03%
-359.34%
Net Margin
-14.12%
-25.72%
-1512.00%
EPS
-0.32
-17.95%
-3300.00%
No Data Available
CNFR Earnings Analysis
Conifer Holdings, Inc Corporation (CNFR.O) Earnings Conference Call
Positive
- Achieved significant decrease in expense ratio by 580 basis points to 32% in the second quarter
- Agency commission increased to nearly $9 million compared to $211,000 in the second quarter of 2023
- Net investment income increased by 11% to $1.5 million in the second quarter
- Gross written premium for commercial lines represented 36% of total production, demonstrating strategic shift towards commission-based revenue model
- Successful transition of revenue model with steady progress towards operational profitability and strong financial returns for shareholders
Negative
- Overall gross written premium decreased by 58% to $19 million in the second quarter, reflecting a significant reduction in premium leverage on operating subsidiaries.
- The company reported a high combined ratio of 124% in the second quarter, primarily impacted by losses from Oklahoma storms, leading to challenges in profitability.
- Net loss allocable to common shareholders was $4 million or $0.32 per share for the second quarter of 2024, indicating a negative financial performance.
- The personal lines segment was significantly impacted by spring storms, particularly in Oklahoma, which is currently in run-off, affecting the overall business performance negatively.
CNFR FAQs
How does CNFR typically perform around its earnings report dates?
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CNFR Earning Call Sentiment
Conifer Holdings, Inc. (CNFR) Q2 2024 Earnings Call Transcript
1.0x
00:00
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CNFR.O
0.36%Positive
The earnings call reveals a strategic shift to a commission-based model, leading to a 58% revenue drop. Despite improved expense ratios and agency commissions, the combined ratio and net loss are concerning. Q&A highlights uncertainties in profitability timelines and liquidity strategies. The strategic shift and financial metrics suggest negative short-term stock price movement.
