Conifer Holdings, Inc. (CNFRZ) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
3001 WEST BIG BEAVER ROAD TROY, MI 48084 |
| State of Incorp. | MI |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6331 - Fire, Marine, and Casualty Insurance (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 48,805 | 31,963 | 53,964 | 32,926 | 21,510 | 38,890 | |||
| Cash and cash equivalent | 27,654 | 11,125 | 28,035 | 9,913 | 8,193 | 7,464 | |||
| Short-term investments | 21,151 | 20,838 | 25,929 | 23,013 | 13,317 | 31,426 | |||
| Other undisclosed cash, cash equivalents, and short-term investments | |||||||||
| Receivables | 130 | 65 | 58 | 9 | 87 | ||||
| Total current assets: | 48,935 | 32,028 | 54,022 | 32,926 | 21,519 | 38,977 | |||
| Noncurrent Assets | |||||||||
| Long-term investments and receivables | 250 | 1,400 | 1,800 | 1,200 | 1,200 | ||||
| Long-term investments | 250 | 1,400 | 1,800 | 1,200 | 1,200 | ||||
| Total noncurrent assets: | 250 | 1,400 | 1,800 | 1,200 | 1,200 | ||||
| Other undisclosed assets | 232,471 | 278,376 | 256,528 | 256,278 | 238,878 | 208,288 | |||
| TOTAL ASSETS: | 281,656 | 311,804 | 312,350 | 290,404 | 261,597 | 247,265 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 34 | ||||||||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 34 | ||||
| Total current liabilities: | 34 | ||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 260,131 | 308,915 | 293,400 | 249,867 | 217,184 | 204,540 | |||
| Total liabilities: | 260,131 | 308,915 | 293,400 | 249,901 | 217,184 | 204,540 | |||
| Equity | |||||||||
| Equity, attributable to parent | 21,525 | 2,889 | 18,950 | 40,503 | 44,413 | 42,725 | |||
| Preferred stock | 6,000 | ||||||||
| Common stock | 98,178 | 98,100 | 97,913 | 92,692 | 92,486 | 91,816 | |||
| Accumulated other comprehensive income (loss) | (13,500) | (14,528) | (18,203) | (2,110) | 912 | 489 | |||
| Accumulated deficit | (63,153) | (86,683) | (60,760) | (50,079) | (48,985) | (49,580) | |||
| Total equity: | 21,525 | 2,889 | 18,950 | 40,503 | 44,413 | 42,725 | |||
| TOTAL LIABILITIES AND EQUITY: | 281,656 | 311,804 | 312,350 | 290,404 | 261,597 | 247,265 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 67,271 | 98,758 | 104,889 | 115,963 | 103,488 | 95,998 | ||
| Premiums earned, net | 60,862 | 83,935 | 96,711 | 98,802 | 89,103 | 89,089 | ||
| Cost of revenue (Deferred Policy Acquisition Costs, Amortization Expense) | (13,335) | (20,892) | (22,179) | (28,451) | (26,105) | (24,911) | ||
| Gross profit: | 53,936 | 77,866 | 82,710 | 87,512 | 77,383 | 71,087 | ||
| Operating expenses | (11,831) | (17,891) | (18,789) | (16,509) | (18,468) | (17,582) | ||
| Other undisclosed operating loss | (79,383) | (90,862) | (92,250) | (84,351) | (67,998) | (64,544) | ||
| Operating loss: | (37,278) | (30,887) | (28,329) | (13,348) | (9,083) | (11,039) | ||
| Nonoperating income (expense) (Investment Income, Nonoperating) | 423 | (234) | 8,567 | 11,219 | (155) | (284) | ||
| Interest and debt expense | (3,206) | (2,971) | (2,852) | (2,925) | (2,882) | |||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 775 | 8,683 | 2,243 | 3,271 | 11,925 | 5,084 | ||
| Loss from continuing operations before equity method investments, income taxes: | (36,080) | (25,644) | (20,490) | (1,710) | (238) | (9,121) | ||
| Income (loss) from equity method investments | (251) | 368 | 824 | 839 | 386 | |||
| Other undisclosed income from continuing operations before income taxes | ||||||||
| Income (loss) from continuing operations before income taxes: | (36,080) | (25,895) | (20,122) | (886) | 601 | (8,735) | ||
| Income tax expense (benefit) | 1,840 | (9) | 9,441 | (208) | (6) | 913 | ||
| Income (loss) from continuing operations: | (34,240) | (25,904) | (10,681) | (1,094) | 595 | (7,822) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (1,094) | 595 | (7,822) | |
| Income (loss) from discontinued operations | 58,587 | |||||||
| Net income (loss): | 24,347 | (25,904) | (10,681) | (1,094) | 595 | (7,822) | ||
| Other undisclosed net income (loss) attributable to parent | (19) | |||||||
| Net income (loss) attributable to parent: | 24,347 | (25,923) | (10,681) | (1,094) | 595 | (7,822) | ||
| Other undisclosed net income (loss) available to common stockholders, basic | (817) | 38 | ||||||
| Net income (loss) available to common stockholders, diluted: | 23,530 | (25,885) | (10,681) | (1,094) | 595 | (7,822) | ||
Comprehensive Income ($ in thousands)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 24,347 | (25,904) | (10,681) | (1,094) | 595 | (7,822) | ||
| Other comprehensive income (loss) | 1,028 | 3,675 | (16,093) | (3,022) | 423 | 3,101 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 25,375 | (22,229) | (26,774) | (4,116) | 1,018 | (4,721) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.