Conifer Holdings reports Q1 net income of $1.0M, combined ratio improves to 99.5%

Presurance Holdings, Inc.

2023-Q1 EPS reported $0.08 vs consensus $0.01 ▲ beat (+684.3%)

Net income $1.0M ($0.08/diluted share) vs net loss $2.9M ($0.30 loss) in Q1 2022.
Combined ratio 99.5%, improvement of 13.0 percentage points from 112.5% a year ago.
Gross written premiums up 9.9% to $36.2M; commercial lines GWP +1.4%, personal lines +65.3%.
Book value per share $1.82, up 17% from $1.55 at year-end 2022.
Adjusted operating income $307K ($0.03/share) vs adjusted operating loss $3.1M ($0.32 loss) prior year.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Presurance Holdings, Inc. reported the first quarter ended March 31, 2023 results: net income $1.0 million, EPS $0.08 per share.

Period: the first quarter ended March 31, 2023
Net income: $1.0 million
EPS: $0.08 per share
Result: reported results

Exact text from the filing

On May 10, 2023, Conifer Holdings, Inc. (the "Company") publicly announced results for the first quarter of 2023.

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Presurance Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-021053

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