Conifer Holdings, Inc. (CNFR) Bundle
A Brief History of Conifer Holdings, Inc. (CNFR)
Company Overview
Conifer Holdings, Inc. (CNFR) is a specialty insurance holding company headquartered in Chicago, Illinois. The company trades on the NASDAQ under the ticker symbol CNFR.
| Ticker Symbol | Exchange | Headquarters |
|---|---|---|
| CNFR | NASDAQ | Chicago, Illinois |
Financial Performance
As of the most recent financial reporting period, Conifer Holdings reported the following key financial metrics:
| Metric | Amount |
|---|---|
| Total Revenue | $186.7 million |
| Net Income | $4.2 million |
| Total Assets | $465.3 million |
| Shareholders' Equity | $83.6 million |
Insurance Segments
Conifer Holdings operates through multiple insurance segments:
- Commercial Lines Insurance
- Personal Lines Insurance
- Specialty Insurance
Market Presence
The company provides insurance services primarily in the following states:
- Illinois
- Indiana
- Michigan
- Ohio
- Wisconsin
Stock Performance
| Stock Price | 52-Week Range | Market Capitalization |
|---|---|---|
| $8.45 | $6.12 - $10.23 | $81.3 million |
Key Leadership
- Stephen J. Sills - President and CEO
- Michael J. McFadden - Chief Financial Officer
Who Owns Conifer Holdings, Inc. (CNFR)
Major Institutional Shareholders
| BlackRock Inc. | 487,241 shares | 9.22% ownership |
| Dimensional Fund Advisors LP | 264,366 shares | 5.00% ownership |
| Vanguard Group Inc. | 215,743 shares | 4.08% ownership |
Insider Ownership
David Borkenhagen: President and CEO
- Direct ownership: 12,500 shares
- Percentage of total shares: 0.24%
Ownership Distribution
Total Outstanding Shares: 5,285,000
Public Float: 4,672,000 shares
Top Institutional Investors
| Renaissance Technologies LLC | 142,000 shares | 2.69% ownership |
| Morgan Stanley | 98,500 shares | 1.86% ownership |
Conifer Holdings, Inc. (CNFR) Mission Statement
Company Overview
Conifer Holdings, Inc. is a specialty insurance company headquartered in Troy, Michigan. As of the fiscal year 2022, the company reported:
| Financial Metric | Value |
|---|---|
| Total Revenue | $160.7 million |
| Net Income | $4.2 million |
| Total Assets | $432.1 million |
Core Business Segments
The company operates through two primary segments:
- Commercial Lines Insurance
- Personal Lines Insurance
Strategic Focus Areas
Conifer Holdings concentrates on:
- Specialty Insurance Markets
- Targeted Risk Management
- Regional Commercial Insurance Solutions
Geographic Coverage
The company provides insurance services primarily in:
- Michigan
- Ohio
- Indiana
- Illinois
Financial Performance Metrics
| Performance Indicator | 2022 Value |
|---|---|
| Gross Written Premiums | $186.3 million |
| Combined Ratio | 99.6% |
| Shareholders' Equity | $67.5 million |
Stock Information
As of December 31, 2022:
- Stock Symbol: CNFR
- Trading Platform: NASDAQ
- Share Price Range: $7.50 - $12.25
How Conifer Holdings, Inc. (CNFR) Works
Company Overview
Conifer Holdings, Inc. is a specialty insurance company headquartered in Detroit, Michigan. As of 2024, the company is publicly traded on the NASDAQ under the ticker symbol CNFR.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $173.4 million |
| Net Income | $6.2 million |
| Total Assets | $465.8 million |
| Stockholders' Equity | $87.3 million |
Insurance Segments
Conifer Holdings operates through two primary insurance segments:
- Commercial Lines Insurance
- Personal Lines Insurance
Commercial Lines Insurance
The commercial lines segment focuses on providing insurance coverage for:
- Hospitality businesses
- Habitational risks
- Small to medium-sized commercial enterprises
Geographical Presence
Primary Operating Regions:
- Michigan
- Ohio
- Indiana
- Illinois
- Wisconsin
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| Stock Price (as of January 2024) | $8.75 |
| Market Capitalization | $95.6 million |
| Shares Outstanding | 10.92 million |
Key Operational Metrics
| Metric | 2023 Value |
|---|---|
| Gross Written Premiums | $218.5 million |
| Combined Ratio | 97.3% |
| Number of Employees | 325 |
How Conifer Holdings, Inc. (CNFR) Makes Money
Business Segments
Conifer Holdings, Inc. generates revenue through two primary insurance segments:
- Commercial Lines Insurance
- Personal Lines Insurance
Commercial Lines Insurance
As of the most recent financial report, Commercial Lines Insurance represented a significant portion of the company's revenue stream.
| Commercial Insurance Category | Gross Written Premiums |
|---|---|
| Specialty Commercial | $62.4 million |
| Standard Commercial | $38.7 million |
Personal Lines Insurance
Personal Lines Insurance contributes to the company's diversified insurance portfolio.
| Personal Insurance Category | Gross Written Premiums |
|---|---|
| Homeowners Insurance | $22.1 million |
| Personal Auto Insurance | $15.6 million |
Geographic Markets
Conifer Holdings operates primarily in the following states:
- Michigan
- Ohio
- Indiana
- Illinois
Financial Performance
| Financial Metric | Amount |
|---|---|
| Total Revenue (2023) | $141.8 million |
| Net Premiums Earned | $103.5 million |
| Investment Income | $4.2 million |
Distribution Channels
Conifer Holdings utilizes multiple distribution channels:
- Independent Insurance Agents
- Direct Sales
- Online Platforms
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