Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Conifer Holdings (CNFR)
NASDAQ:CNFR
Holding CNFR?
Track your performance easily
Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-$1.59Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: -10.83%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Neutral
The call highlighted a strategic shift towards a more sustainable revenue model and improved expense management, but also detailed significant declines in gross written premiums, continued net losses, and impacts from adverse weather conditions. The sentiment reflects cautious optimism with ongoing challenges.Company Guidance
During Conifer Holdings' Q2 2024 earnings call, the company outlined significant strategic changes aimed at enhancing profitability and long-term growth. The transition to a commission-based revenue model through their wholly-owned managing general agency, Conifer Insurance Services, resulted in a 58% decrease in overall gross written premium, which was split between 36% commercial lines and 64% personal lines. This shift is designed to stabilize revenue streams and reduce risk by leveraging third-party insurers with A.M. Best ratings of A- or better. The commercial lines combined ratio stood at 105%, with an accident year combined ratio of 81%, while the overall combined ratio was impacted by spring storms, particularly in Oklahoma, resulting in a 124% combined ratio for the quarter. Despite a net loss of $4 million, the company improved its expense ratio to 32%, down 580 basis points from the previous year, and increased net investment income by 11% to $1.5 million. The management emphasized their commitment to operational profitability, supported by ongoing expense reductions and potential asset sales for liquidity needs.Strategic Shift to Commission-Based Revenue Model
Conifer has strategically shifted towards a commission-based revenue model through their managing general agency, Conifer Insurance Services, focusing on more stable and predictable revenue streams rather than the traditional risk-bearing carrier revenue model.
Improved Expense Ratio
The expense ratio improved to 32% in the second quarter, down 580 basis points from the same period last year, and well below the near-term target of 35%.
Increase in Agency Commission Revenue
Agency commission in the second quarter rose significantly to nearly $9 million compared to $211,000 in the second quarter of 2023, showcasing progress in driving commission-based revenue.
Net Investment Income Growth
Net investment income was $1.5 million during the second quarter, up 11% from $1.4 million in the prior year period.
---
CNFR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
CNFR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $1.20 | $1.19 | -0.83% |
| Aug 13, 2024 | $1.23 | $1.00 | -18.70% |
| May 14, 2024 | $0.99 | $1.00 | +1.01% |
| Feb 28, 2024 | $1.12 | $1.10 | -1.79% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Conifer Holdings (CNFR) report earnings?
Conifer Holdings (CNFR) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Conifer Holdings (CNFR) earnings time?
Conifer Holdings (CNFR) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CNFR EPS forecast?
Currently, no data Available
---