Financial Data and Key Metrics Changes - Gross written premiums increased by 9% to approximately $33 million, primarily due to rate increases on the book of business [8][12] - The combined ratio improved to 112% from 129% year-over-year, with a loss ratio of 75%, down from 84% [22][24] - The company reported a net loss of $2.9 million or $0.30 per share, compared to a net loss of $4.6 million or $0.48 per share in the prior year [26][27] Business Line Data and Key Metrics Changes - Commercial lines accounted for 87% of total gross written premiums, with a 5% increase to $29 million [12][16] - Personal lines premiums grew by 39% to approximately $4 million, representing 13% of gross written premiums, with a combined ratio of 85% [19][20][22] Market Data and Key Metrics Changes - The company continues to expand its market share in key geographies, particularly in Michigan, which accounted for over 28% of total gross written premiums [15][19] - Claims in the quick service restaurant sector decreased significantly, with open claims down 52% from Q1 2021 [18] Company Strategy and Development Direction - The company is focused on disciplined expansion in specialty markets and improving underwriting profitability through a better business mix [10][11] - Management is committed to mitigating future reserve development and enhancing loss ratio improvement through various initiatives [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the current accident years performing well and noted that claims are decreasing [61] - The company is optimistic about moving in the right direction with its book of business and geographic management [61] Other Important Information - The expense ratio improved to 38%, down 700 basis points from 45% in the same period last year, with a near-term goal of 35% [24][42] - The company recorded a net realized investment loss of $69,000 for the first quarter of 2022, compared to a net realized gain of $2.9 million in the prior year [25] Q&A Session Summary Question: Update on claim costs going down and court activity - Management confirmed that court activity has picked up, leading to both more cases going to trial and quicker settlements [30][31] Question: Patterns in reserve development related to court cases - Management noted that judges are actively trying to resolve cases, which has led to increased activity in the courts [33] Question: Competitive environment for rates and terms - The property side remains a strong rate environment, with evidence of rate increases picking up again into Q2 [35] Question: Expense ratio improvement and future targets - Management indicated that the expense ratio improvement is sustainable, but reaching the 35% target this year may be too ambitious [42][44] Question: Geographic exposures in commercial lines - Management confirmed a decline in Florida exposure while focusing on growth in Michigan and Texas [49] Question: Catastrophe exposure and reinsurance structure - The company has a retention of $2 million for catastrophes, with improved reinsurance coverage reducing overall risk [51][52]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-37536 Conifer Holdings, Inc. (Exact name of registrant as specified in its charter) Michigan 27-1298795 (State or other jurisdiction of inc ...

[FORM 10-K Filing Information](index=1&type=section&id=FORM%2010-K) This section provides key registrant details for Conifer Holdings, Inc., a Michigan-registered insurance holding company, including its Nasdaq listing and auditor information [Registrant Information](index=1&type=section&id=Registrant%20Information) Conifer Holdings, Inc. is a Michigan-registered insurance holding company, filing its 10-K annual report as a smaller reporting company for the fiscal year ended December 31, 2021 - Conifer Holdings, Inc. is a **Michigan-registered** insurance holding company, filing its 10-K annual report as a **smaller reporting company** for the fiscal year ended **December 31, 2021**[2](index=2&type=chunk)[3](index=3&type=chunk)[4](index=4&type=chunk) - The company's common stock is listed on Nasdaq under the ticker symbol **CNFR**[3](index=3&type=chunk) Key Registrant Information | Metric | Detail | | :--- | :--- | | Registrant Name | Conifer Holdings, Inc. | | State of Incorporation | Michigan | | Ticker Symbol | CNFR | | Exchange Registered | The Nasdaq Stock Market LLC | | Filing Type | Smaller reporting company | | Aggregate Market Value of Non-Affiliate Common Stock (June 30, 2021) | Approximately **$10.1 million** | | Shares of Common Stock Outstanding (March 10, 2022) | **9,707,817 shares** | | Auditor | Deloitte & Touche LLP | | Auditor Location | Detroit, MI | [Part I](index=3&type=section&id=Part%20I) This section provides a comprehensive overview of Conifer Holdings, Inc.'s business, including its operational structure, product lines, competitive strengths, and regulatory environment [Business Overview](index=3&type=section&id=ITEM%201.%20BUSINESS) Conifer Holdings, Inc. is an insurance holding company primarily selling property and casualty insurance products through its subsidiaries, with a business model centered on commercial, personal, and wholesale agency operations - The company primarily sells property and casualty insurance products through its insurance subsidiaries, with business lines covering commercial, personal, and wholesale agency operations[11](index=11&type=chunk) - The company focuses on underserved markets, distributing products through over **4,600 independent agents**, emphasizing underwriting discipline and conservative investment strategies[11](index=11&type=chunk)[16](index=16&type=chunk) - As of December 31, 2021, approximately **45.5%** of the company's total premiums were admitted business, and **54.5%** were Excess and Surplus (E&S) business[13](index=13&type=chunk) [Legal Organization](index=3&type=section&id=Legal%20Organization) Conifer Holdings, Inc., established in 2009, is a Michigan-registered insurance holding company with three insurance subsidiaries and one wholesale agency subsidiary - Conifer Holdings, Inc. was established in **2009** as a Michigan-registered insurance holding company[10](index=10&type=chunk) - The company owns three insurance subsidiaries: Conifer Insurance Company (CIC), Red Cedar Insurance Company (RCIC), White Pine Insurance Company (WP

Conifer Holdings Inc. Q4 2021 INVESTOR CONFERENCE CALL March 3, 2022 Nasdaq: CNFR Fulfilling the Unique Needs of Specialty Insurance Markets as a Long-Term Partner 2 SAFE HARBOR STATEMENT | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Data and Key Metrics Changes - Gross written premiums increased by approximately 19% year-over-year, leading to greater net earned premium growth and a reduction in the expense ratio [7][24] - The combined ratio improved to 104% in Q4 2021 from 111% in Q4 2020, with an overall loss ratio of 62%, down from 67% in the same period last year [24] - The company reported a net loss of $801,000 or $0.08 per share for Q4 2021, compared to a net income of $3.3 million or $0.34 per share in the prior year [28] Business Line Data and Key Metrics Changes - Commercial lines represented 88% of total production, with gross written premiums up 10% to $29 million in Q4 2021 and up almost 14% for the full year [12] - Personal lines saw a 63% increase in premiums for Q4 2021 to approximately $4 million, and a 75% increase for the full year to $15 million [15] - The combined ratio for personal lines improved to 77%, a significant improvement from the previous year's ratio [25] Market Data and Key Metrics Changes - Michigan gross written premiums increased by $6 million or 26% in 2021, indicating room for continued market share expansion [13] - Hospitality premiums began to rebound as COVID restrictions eased, contributing to overall premium growth [14] Company Strategy and Development Direction - The company is focused on optimizing its business mix and expanding its book of business in profitable lines [8][10] - Management emphasized the importance of driving bottom-line profitability for shareholders while reducing exposure to lines that have negatively impacted reserves [31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a sub-40 expense ratio by mid-2022, with expectations for continued top-line growth [35][36] - The competitive environment is described as firm, particularly in property lines, although some softening in rate increases was noted [37] Other Important Information - The company recognized a $1.2 million increase in the fair value of equity investments in Q4 2021 [27] - Total assets were reported at $290 million at year-end, with a book value of $4.17 per share [30] Q&A Session Summary Question: Outlook for the expense ratio becoming sub-40 - Management expects to see below 40 expense ratios by the second quarter of 2022, possibly even in the first quarter [35] Question: Competitive environment and rate increases - Management noted that while overall rate increases may not be as significant, certain lines continue to experience strong rate environments [36][37] Question: Details on commercial lines reserve development - The QSR line was highlighted as the largest area of reserve development, particularly from accident years 2018 and 2019 [40] Question: Concerns about litigation environment - Management acknowledged a combination of IBNR and increased litigation costs affecting reserves, particularly in Florida [44] Question: Changes in reinsurance and ceded premium - A new reinsurance treaty effective December 31 caused an increase in ceded written premium, but it is expected to have minimal impact on the bottom line [50]

Call Start: 08:30 January 1, 0000 8:55 AM ET Conifer Holdings, Inc. (NASDAQ:CNFR) Q3 2021 Earnings Conference Call November 11, 2021 08:30 ET Company Participants Adam Prior - Investor Relations, The Equity Group, Inc. Jim Petcoff - Chairman & Chief Executive Officer Nick Petcoff - Executive Vice President, Secretary & Director Harold Meloche - Treasurer & Chief Financial Officer Brian Roney - President Conference Call Participants Bob Farnam - Boenning & Scattergood Alex Bolton - Raymond James Operator Goo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-37536 Conifer Holdings, Inc. (Exact name of registrant as specified in its charter) Michigan 27-1298795 (State or other jurisdiction of ...

Conifer Holdings, Inc. (NASDAQ:CNFR) Q2 2021 Earnings Conference Call August 12, 2021 9:00 AM ET Company Participants James Petcoff - Chairman & CEO Nick Petcoff - EVP, Secretary & Director Harold Meloche - Treasurer & CFO Andrew Petcoff - SVP & Director Brian Roney - President Adam Prior - IR, The Equity Group Conference Call Participants Paul Newsome - Piper Sandler Bob Farnam - Boenning and Scattergood Alex Bolton - Raymond James Operator Good morning, and welcome to the Conifer Holdings Second Quarter 2 ...

NASDAQ: CNFR Fulfilling the Unique Needs of Specialty Insurance Markets as a Long-Term Partner August 12, 2021 2 SAFE HARBOR STATEMENT | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-37536 Conifer Holdings, Inc. (Exact name of registrant as specified in its charter) Michigan 27-1298795 (State or other jurisdiction of inco ...