Conifer Holdings Third Quarter 2023 Earnings: US$0.22 loss per share (vs US$0.14 loss in 3Q 2022)

Conifer Holdings (NASDAQ:CNFR) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$28.1m (up 6.8% from 3Q 2022).
• Net loss: US$2.71m (loss widened by 78% from 3Q 2022).
• US$0.22 loss per share (further deteriorated from US$0.14 loss in 3Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Conifer Holdings Earnings Insights

Looking ahead, revenue is expected to decline by 9.1% p.a. on average during the next 3 years, while revenues in the Insurance industry in the US are expected to grow by 6.4%.

Performance of the American Insurance industry.

The company's shares are down 29% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Conifer Holdings, and understanding them should be part of your investment process.

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