Revenue: As of FY2025 Q2, the actual value is USD 16.13 K.EPS: As of FY2025 Q2, the actual value is USD 0.17.EBIT: As of FY2025 Q2, the actual value is USD 2.051 K.<h3>Commercial Lines</h3><ul><li>Gross Written Premiums: $3.2 million, a decrease of 53.0% from $6.8 million in Q2 2024.</li><li>Net Written Premiums: - $433,000, a decrease from $4.3 million in Q2 2024.</li><li>Net Earned Premiums: $468,000, a decrease of 94.6% from $8.7 million in Q2 2024.</li><li>Losses and LAE: $1.0 million, a decrease from $6.9 million in Q2 2024.</li><li>Policy Acquisition Costs: - $309,000, a decrease from $1.2 million in Q2 2024.</li><li>Operating Expenses: $500,000, a decrease from $1.3 million in Q2 2024.</li><li>Segment Loss: - $735,000, a decrease from - $624,000 in Q2 2024.</li></ul><h3>Personal Lines</h3><ul><li>Gross Written Premiums: $17.9 million, an increase of 46.8% from $12.2 million in Q2 2024.</li><li>Net Written Premiums: $1.8 million, a decrease of 79.7% from $9.0 million in Q2 2024.</li><li>Net Earned Premiums: $9.1 million, an increase of 13.9% from $8.0 million in Q2 2024.</li><li>Losses and LAE: $5.6 million, a decrease from $8.4 million in Q2 2024.</li><li>Policy Acquisition Costs: $2.6 million, a decrease from $2.2 million in Q2 2024.</li><li>Operating Expenses: $2.2 million, an increase from $926,000 in Q2 2024.</li><li>Segment Loss: - $1.3 million, a decrease from - $3.5 million in Q2 2024.</li></ul><h3>Total Underwriting</h3><ul><li>Gross Written Premiums: $21.1 million, an increase of 11.1% from $19.0 million in Q2 2024.</li><li>Net Written Premiums: $1.4 million, a decrease of 89.6% from $13.2 million in Q2 2024.</li><li>Net Earned Premiums: $9.6 million, a decrease of 42.6% from $16.7 million in Q2 2024.</li><li>Losses and LAE: $6.6 million, a decrease of 57.0% from $15.3 million in Q2 2024.</li><li>Policy Acquisition Costs: $2.3 million, a decrease of 32.6% from $3.4 million in Q2 2024.</li><li>Operating Expenses: $2.7 million, an increase from $2.2 million in Q2 2024.</li><li>Segment Loss: - $2.0 million, a decrease from - $4.2 million in Q2 2024.</li></ul><h3>Corporate</h3><ul><li>Operating Expenses: $1.7 million, an increase from $234,000 in Q2 2024.</li><li>Segment Loss: - $1.6 million, a decrease from - $196,000 in Q2 2024.</li></ul><h3>Total Segment Loss</h3><ul><li>Total Segment Loss: - $3.6 million, a decrease from - $4.4 million in Q2 2024.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The company plans to continue writing the Midwest and Texas homeowners programs but does not expect significant growth. The company is also focusing on remediating CIC’s RBC position and expects to resume intercompany service fees in 2026.</li><li>Non-Core Business: The company has exited the Oklahoma homeowners business and does not expect to write a significant amount of other commercial lines in the near term. The company is also relying on proceeds from sales of assets and capital raises to meet its obligations.</li></ul><h3>Cash Flow</h3><ul><li>Operating Activities: Cash used in operating activities was - $18.0 million for the six months ended June 30, 2025, compared to - $2.0 million for the same period in 2024.</li><li>Investing Activities: Cash provided by investing activities was $4.8 million for the six months ended June 30, 2025, compared to $1.4 million for the same period in 2024.</li><li>Financing Activities: Cash provided by financing activities was $7.5 million for the six months ended June 30, 2025, compared to - $834,000 for the same period in 2024.</li></ul><h3>Unique Metrics</h3><ul><li>Contingent Consideration: The company received $10.0 million in proceeds from its contingent consideration in the CIS sale for the first six months of 2025.</li><li>Mandatorily Redeemable Preferred Stock: The company issued $7.5 million of Series B Preferred Stock in February and March 2025.</li></ul><h3>Book Value</h3><ul><li>Book Value Per Share: $2.31 as of June 30, 2025, compared to - $0.10 as of June 30, 2024.</li></ul><h3>Adjusted Operating Income</h3><ul><li>Adjusted Operating Loss: - $2.1 million, or - $0.17 per share for the three months ended June 30, 2025, compared to - $3.4 million, or - $0.28 per share for the same period in 2024.</li><li>Adjusted Operating Loss: - $5.8 million, or - $0.47 per share for the six months ended June 30, 2025, compared to - $1.9 million, or - $0.15 per share for the same period in 2024.</li></ul><h3>Combined Ratio</h3><ul><li>Combined Ratio: 121.1% for the three months ended June 30, 2025, compared to 123.6% for the same period in 2024.</li><li>Combined Ratio: 131.2% for the six months ended June 30, 2025, compared to 110.0% for the same period in 2024.</li></ul><h3>Net Income</h3><ul><li>Net Income from Continuing Operations: $2.1 million, or $0.17 per share for the three months ended June 30, 2025, compared to - $3.7 million, or - $0.31 per share for the same period in 2024.</li><li>Net Income from Continuing Operations: $2.6 million, or $0.21 per share for the six months ended June 30, 2025, compared to - $2.2 million, or - $0.18 per share for the same period in 2024.</li><li>Net Income Allocable to Common Shareholders: $2.1 million, or $0.17 per share for the three months ended June 30, 2025, compared to - $4.0 million, or - $0.32 per share for the same period in 2024.</li><li>Net Income Allocable to Common Shareholders: $2.6 million, or $0.21 per share for the six months ended June 30, 2025, compared to - $3.9 million, or - $0.32 per share for the same period in 2024.</li></ul><h3>Net Investment Income</h3><ul><li>Net Investment Income: $1.3 million for the three months ended June 30, 2025, compared to $1.5 million for the same period in 2024.</li><li>Net Investment Income: $2.6 million for the six months ended June 30, 2025, compared to $3.0 million for the same period in 2024.</li></ul><h3>Net Realized Investment Gains (Losses)</h3><ul><li>Net Realized Investment Losses: - $28,000 for the three months ended June 30, 2025, compared to - $118,000 for the same period in 2024.</li><li>Net Realized Investment Losses: - $25,000 for the six months ended June 30, 2025, compared to - $118,000 for the same period in 2024.</li></ul><h3>Change in Fair Value of Equity Securities</h3><ul><li>Change in Fair Value of Equity Securities: - $65,000 for the three months ended June 30, 2025, compared to - $196,000 for the same period in 2024.</li><li>Change in Fair Value of Equity Securities: - $257,000 for the six months ended June 30, 2025, compared to - $153,000 for the same period in 2024.</li></ul><h3>Change in Fair Value of Contingent Considerations</h3><ul><li>Change in Fair Value of Contingent Considerations: $5.4 million for the three months ended June 30, 2025, compared to $0 for the same period in 2024.</li><li>Change in Fair Value of Contingent Considerations: $9.8 million for the six months ended June 30, 2025, compared to $0 for the same period in 2024.</li></ul><h3>Interest Expense</h3><ul><li>Interest Expense: $864,000 for the three months ended June 30, 2025, compared to $868,000 for the same period in 2024.</li><li>Interest Expense: $1.4 million for the six months ended June 30, 2025, compared to $1.7 million for the same period in 2024.</li></ul>

CNFRZ

CONIFER HLDGS INC 9.75% NTS 30/09/28 USD25 | 10-Q: FY2025 Q2 Revenue: USD 16.13 K