Financial Snapshot

Revenue
$87.08M
TTM
Gross Margin
Net Earnings
$29.45M
TTM
Current Assets
Current Liabilities
$13.30M
Q3 2024
Current Ratio
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$49.05M
Q3 2024
Cash
Q3 2024
P/E
0.4814
Nov 29, 2024 EST
Free Cash Flow

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Revenue $98.76M $104.9M $1.968M $103.5M $96.00M $98.91M $96.84M $93.88M $70.72M $60.93M $33.48M
YoY Change -5.85% 5229.73% -98.1% 7.8% -2.95% 2.14% 3.15% 32.75% 16.07% 82.01% 70.8%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Revenue $98.76M $104.9M $1.968M $103.5M $96.00M $98.91M $96.84M $93.88M $70.72M $60.93M $33.48M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.89M $22.18M $28.45M $26.11M $24.91M $386.0K $372.0K $401.0K $398.0K $14.70M $7.667M
YoY Change -5.8% -22.04% 8.99% 4.79% 6353.63% 3.76% -7.23% 0.75% -97.29% 91.68% 2966.8%
% of Gross Profit
Operating Expenses $17.89M $122.4M $16.51M $18.47M $17.58M $17.68M $17.37M $17.60M $14.81M $12.14M $9.161M
YoY Change -85.38% 641.46% -10.61% 5.04% -0.57% 1.82% -1.3% 18.84% 21.97% 32.51% -51.27%
Operating Profit -$30.89M -$28.33M -$13.35M -$9.083M -$11.04M -$10.34M -$24.24M -$11.13M
YoY Change 9.03% 112.23% 46.96% -17.72% 6.77% -57.35% 117.71%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Interest Expense $3.206M -$2.971M $2.852M $2.925M $2.882M $2.644M $1.362M $647.0K $769.0K $584.0K $541.0K
YoY Change -207.91% -204.17% -2.5% 1.49% 9.0% 94.13% 110.51% -15.86% 31.68% 7.95% -235.25%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Pretax Income -$25.64M -$20.49M -$1.710M -$238.0K -$9.121M -$9.465M -$22.05M -$8.643M $83.00K -$7.220M $283.0K
YoY Change 25.15% 1098.25% 618.49% -97.39% -3.63% -57.08% 155.17% -10513.25% -101.15% -2651.24% -29.25%
Income Tax $9.000K -$9.441M $208.0K $6.000K -$913.0K $52.00K -$447.0K -$77.00K $48.00K -$281.0K $3.000K
% Of Pretax Income 57.83% 1.06%
Net Earnings -$25.92M -$10.68M -$1.094M $595.0K -$7.822M -$9.227M -$21.54M -$8.437M $64.00K -$6.935M $349.0K
YoY Change 142.7% 876.33% -283.87% -107.61% -15.23% -57.17% 155.33% -13282.81% -100.92% -2087.11% -12.75%
Net Earnings / Revenue -26.25% -10.18% -55.59% 0.57% -8.15% -9.33% -22.25% -8.99% 0.09% -11.38% 1.04%
Basic Earnings Per Share -$2.12 -$1.00 -$0.11 $0.06
Diluted Earnings Per Share -$2.12 -$1.00 -$112.9K $62.50K -$876.4K -$1.082M -$2.722M -$1.105M $18.52K -$932.4K $40.54K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $11.13M $28.04M $9.913M $8.200M $7.500M $10.80M $11.90M $12.50M $12.70M $18.50M $11.30M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment $960.0K $1.300M $1.400M $3.900M $3.900M $2.900M $2.200M
YoY Change -26.15% -7.14% -64.1% 0.0% 31.82%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $145.3M $137.4M $182.7M $183.2M $169.7M $140.1M $157.7M $128.5M $117.7M $105.2M $57.10M
YoY Change 5.76% -24.81% -0.26% 7.96% 21.13% -11.16% 22.72% 9.18% 11.88% 84.24%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
Total Assets $311.8M $312.4M $290.4M $261.6M $247.3M $232.8M $239.0M $203.7M $177.9M $163.7M $96.90M
YoY Change
Accounts Payable $4.310M $19.95M $5.165M $4.800M $6.100M $5.800M $8.300M $5.400M $2.800M $2.500M $2.300M
YoY Change -78.4% 286.33% 7.6% -21.31% 5.17% -30.12% 53.7% 92.86% 12.0% 8.7%
Accrued Expenses $1.000M $1.300M $1.500M $3.900M $3.900M
YoY Change -23.08% -13.33% -61.54% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.310M $19.95M $6.665M $8.700M $10.00M $5.800M $8.300M $5.400M $2.800M $2.500M $2.300M
YoY Change -73.39% 199.38% -23.39% -13.0% 72.41% -30.12% 53.7% 92.86% 12.0% 8.7%
Long-Term Debt $25.06M $33.88M $33.56M $41.00M $35.80M $33.50M $29.00M $17.80M $12.80M $27.60M $13.10M
YoY Change -26.02% 0.93% -18.14% 14.53% 6.87% 15.52% 62.92% 39.06% -53.62% 110.69%
Other Long-Term Liabilities $0.00 $5.700M $800.0K $1.400M $3.800M
YoY Change -100.0% -42.86% -63.16%
Total Long-Term Liabilities $25.06M $33.88M $33.56M $41.00M $35.80M $39.20M $29.00M $17.80M $13.60M $29.00M $16.90M
YoY Change -26.02% 0.93% -18.14% 14.53% -8.67% 35.17% 62.92% 30.88% -53.1% 71.6%
Total Liabilities $308.9M $293.4M $249.9M $217.2M $204.5M $190.6M $186.2M $135.9M $100.7M $113.4M $75.60M
YoY Change 5.29% 17.41% 15.06% 6.21% 7.29% 2.36% 37.01% 34.96% -11.2% 50.0%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Basic Shares Outstanding 12.22M 10.69M 9.692M 9.625M
Diluted Shares Outstanding 12.22M 10.69M 9.692M 9.625M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $14.179 Million

About Conifer Holdings, Inc.

Conifer Holdings, Inc. engages in the sale of property and casualty insurance products. The company is headquartered in Troy, Michigan and currently employs 94 full-time employees. The company went IPO on 2015-08-13. The company is engaged in the sale of property and casualty insurance products. The company markets and services its product offerings through specialty commercial and specialty personal insurance business lines. The company operates through three classes of insurance businesses: commercial lines, personal lines and wholesale agency business. Its commercial insurance offers coverage for both commercial property and commercial liability, including commercial automobiles and workers’ compensation. The personal insurance segment offers homeowners insurance and dwelling fire insurance products to individuals in several states. Its specialty homeowner’s insurance product line comprises low-value dwelling insurance tailored for owners of lower valued homes, which it offers in Illinois, Indiana and Texas. Through its wholesale agency segment, it offers commercial and personal line insurance products for its insurance company subsidiaries, and third-party insurers.

Industry: Fire, Marine & Casualty Insurance Peers: Fundamental Global Inc. FedNat Holding Co KINGSTONE COMPANIES, INC. AMERICAN COASTAL INSURANCE Corp HALLMARK FINANCIAL SERVICES INC PROGRESSIVE CORP/OH/ UNICO AMERICAN CORP