other material
confidence high
sentiment negative
materiality 0.70
Conifer Holdings estimates $5.4M pre-tax catastrophe losses from Q2 storms; expects net loss of $4.7M
Presurance Holdings, Inc.
- Pre-tax catastrophe loss estimate of $5.4M, primarily from Oklahoma and Texas convection storms.
- Net loss of approximately $4.7M for Q2 2023; excluding storm losses would have been ~$700K net income.
- Preliminary results subject to change; full Q2 financial statements not yet completed.
- Conference call on Aug 10, 2023 to discuss full Q2 results.