Conifer Q2 net loss narrows to $4.7M; GWP up 19.4% to $44.7M

Presurance Holdings, Inc.

2023-Q2 EPS reported -$0.31 vs consensus -$0.40 ▲ beat (+22.1%)

Net loss of $4.7M ($0.39/diluted share) vs $8.4M loss a year ago; adjusted operating loss $4.7M.
Combined ratio improved to 120.9% from 129.2%; accident year combined ratio ex-storms was 95.4%.
Gross written premiums up 19.4% to $44.7M; small business program +17%, low-value dwelling +62%.
Net investment income surged 140.1% to $1.4M; expense ratio improved to 37.9% from 39.0%.
Personal lines hit by $5.4M storm losses; personal lines accident year combined ratio ex-storms 67.7%.

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 0.9

Presurance Holdings, Inc. reported financial results for second quarter ended June 30, 2023.

Period: second quarter ended June 30, 2023
Result: reported results

Exact text from the filing

Conifer Holdings, Inc. (Nasdaq: CNFR) (“Conifer” or the “Company”) today announced results for the second quarter ended June 30, 2023.

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Presurance Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-042652

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