Conifer posts Q1 net income of $0.04/share but adjusted operating loss of $0.30; combined ratio spikes to 140.5%

Presurance Holdings, Inc.

2025-Q1 EPS reported $0.04 revenue$15,875,000

Net income allocable to common shareholders $522k ($0.04/diluted share) vs $74k ($0.01) a year ago.
Adjusted operating loss of $3.7M ($0.30/share) vs operating income of $1.3M ($0.11) in Q1 2024.
Gross written premiums fell 33.5% to $16.2M due to Commercial Lines shrinkage after agency sale.
Combined ratio for Q1 2025 was 140.5% (loss ratio 89.7%, expense ratio 50.8%), up from 96.7% a year ago.
Personal lines production up 22%; book value per share $2.09.

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