Conifer Holdings, Inc. (CNFR) financial statements (2022 and earlier)

Company profile

Business Address 550 WEST MERRILL STREET
BIRMINGHAM, MI 48009
State of Incorp. MI
Fiscal Year End December 31
SIC 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments32,92621,51038,89019,71723,29523,281
Cash and cash equivalents9,9138,1937,46410,79211,86812,493
Short-term investments23,01313,31731,4268,92511,42710,788
Receivables 98779214110
Total current assets:32,92621,51938,97719,79623,50923,391
Noncurrent Assets
Long-term investments and receivables1,2001,200    
Long-term investments1,2001,200    
Total noncurrent assets:1,2001,200    
Other undisclosed assets256,278238,878208,288212,956215,523180,310
TOTAL ASSETS:290,404261,597247,265232,752239,032203,701
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities34     
Taxes payable34     
Total current liabilities:34     
Noncurrent Liabilities
Other undisclosed liabilities249,867217,184204,540190,589186,206135,907
Total liabilities:249,901217,184204,540190,589186,206135,907
Stockholders' equity
Stockholders' equity attributable to parent40,50344,41342,72542,16352,82667,794
Common stock92,69292,48691,81686,53386,19980,342
Accumulated other comprehensive income (loss)(2,110)912489(2,612)(363)(1,080)
Accumulated deficit(50,079)(48,985)(49,580)(41,758)(33,010)(11,468)
Total stockholders' equity:40,50344,41342,72542,16352,82667,794
TOTAL LIABILITIES AND EQUITY:290,404261,597247,265232,752239,032203,701

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues115,963103,48895,99898,91196,83793,883
Premiums earned, net98,80289,10389,08993,811
Financial services revenue91,72989,627
Cost of revenue
(Deferred Policy Acquisition Costs, Amortization Expense)
(28,451)(26,105)(24,911)(25,534)(26,245)(25,280)
Gross profit:87,51277,38371,08773,37770,59268,603
Operating expenses(16,509)(18,468)(17,582)(17,683)(17,367)(17,596)
Other undisclosed operating loss(84,351)(67,998)(64,544)   
Operating income (loss):(13,348)(9,083)(11,039)55,69453,22551,007
Nonoperating income (expense)
(Investment Income, Nonoperating)
11,219(155)(284)(297)  
Interest and debt expense(2,852)(2,925)(2,882)(2,644)(1,362)(647)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes3,27111,9255,084(62,218)(73,917)(59,003)
Loss from continuing operations before equity method investments, income taxes:(1,710)(238)(9,121)(9,465)(22,054)(8,643)
Income from equity method investments82483938629065129
Income (loss) from continuing operations before income taxes:(886)601(8,735)(9,175)(21,989)(8,514)
Income tax expense (benefit)(208)(6)913(52)44777
Net income (loss) available to common stockholders, diluted:(1,094)595(7,822)(9,227)(21,542)(8,437)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(1,094)595(7,822)(9,227)(21,542)(8,437)
Other comprehensive income (loss)(3,022)4233,101(1,770)717(1,262)
Comprehensive income (loss), net of tax, attributable to parent:(4,116)1,018(4,721)(10,997)(20,825)(9,699)

Statements sources

The financial statements are based on the company's filings with the 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.

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