Conifer Holdings Q1 net income $74k ($0.01 EPS); combined ratio improves to 96.7%

Presurance Holdings, Inc.

2024-Q1 EPS reported $0.01 vs consensus -$0.02 ▲ beat (+149.0%)

Net income allocable to common shareholders $74k ($0.01 diluted EPS), down from $1.0M ($0.08) YoY.
Combined ratio improved 2.8 ppts to 96.7%; expense ratio fell to 34.7% from 37.3%.
Gross written premiums down 32.9% to $24.3M, reflecting planned shift to agency-based revenue model.
Personal lines GWP up 59.6% to $11.6M with combined ratio of 83.0% vs 106.1% prior.
Company targets redirecting all commercial GWP through MGA CIS by Q2 2024, using A- or better carriers.

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 first quarter ended March 31, 2024 results: net income $74,000, EPS $0.01 per share.

Period: first quarter ended March 31, 2024
Net income: $74,000
EPS: $0.01 per share
Result: reported results

Exact text from the filing

On May 14, 2024, Conifer Holdings, Inc. (the "Company") publicly announced results for the first quarter of 2024.

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Presurance Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-060861

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