Benzinga | Nov 11, 2020 04:17PM EST

Recap: Conifer Holdings Q3 Earnings

Shares of Conifer Holdings (NASDAQ:CNFR) were flat after the company reported Q3 results.

Quarterly Results

Earnings per share fell 33.33% year over year to ($0.24), which missed the estimate of ($0.03).

Revenue of $22,227,000 decreased by 2.41% year over year, which missed the estimate of $24,120,000.

Outlook

Conifer Holdings hasn't issued any earnings guidance for the time being.

Conifer Holdings hasn't issued any revenue guidance for the time being.

Recent Stock Performance

Company's 52-week high was at $4.60

Company's 52-week low was at $2.00

Price action over last quarter: down 21.18%

Company Overview

Conifer Holdings Inc is an insurance company. The company's operating segment includes Commercial Lines; Personal Lines; Under-writing; Wholesale Agency and Corporate. It generates maximum revenue from the Under-writing segment. Commercial lines segment offers coverage for property, liability, automobile and other miscellaneous coverage primarily to owner-operated small and mid-sized businesses, professional organizations and hospitality businesses such as restaurants, bars, and taverns. The Personal lines segment offers coverage for low-value dwelling and wind-exposed homeowners. Its revenues are derived from premiums earned, investment income, installment fees, policy issuance fees, and commission income.