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Conifer Holdings

Nasdaq:CNFR
Snowflake Description

Mediocre balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CNFR
Nasdaq
$38M
Market Cap
  1. Home
  2. US
  3. Insurance
Company description

Conifer Holdings, Inc., an insurance holding company, offers insurance coverage in specialty commercial and personal product lines. The last earnings update was 3 days ago. More info.


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CNFR Share Price and Events
7 Day Returns
0.5%
NasdaqGM:CNFR
0.5%
US Insurance
0.4%
US Market
1 Year Returns
-19.8%
NasdaqGM:CNFR
15.8%
US Insurance
13.1%
US Market
CNFR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Conifer Holdings (CNFR) 0.5% 7% 1.3% -19.8% -46.4% -
US Insurance 0.5% 1.4% 3.2% 15.8% 27.9% 46.3%
US Market 0.4% 4% 7.4% 13.1% 38.6% 44.6%
1 Year Return vs Industry and Market
  • CNFR underperformed the Insurance industry which returned 15.8% over the past year.
  • CNFR underperformed the Market in United States of America which returned 13.1% over the past year.
Price Volatility
CNFR
Industry
5yr Volatility vs Market

Value

 Is Conifer Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Conifer Holdings. This is due to cash flow or dividend data being unavailable. The share price is $4.01.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Conifer Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Conifer Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:CNFR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $-1.11
NasdaqGM:CNFR Share Price ** NasdaqGM (2019-11-14) in USD $4.01
United States of America Insurance Industry PE Ratio Median Figure of 88 Publicly-Listed Insurance Companies 17.08x
United States of America Market PE Ratio Median Figure of 2,917 Publicly-Listed Companies 18.19x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Conifer Holdings.

NasdaqGM:CNFR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:CNFR Share Price ÷ EPS (both in USD)

= 4.01 ÷ -1.11

-3.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Conifer Holdings is loss making, we can't compare its value to the US Insurance industry average.
  • Conifer Holdings is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Conifer Holdings's expected growth come at a high price?
Raw Data
NasdaqGM:CNFR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
108.3%per year
United States of America Insurance Industry PEG Ratio Median Figure of 64 Publicly-Listed Insurance Companies 0.92x
United States of America Market PEG Ratio Median Figure of 2,028 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Conifer Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Conifer Holdings's assets?
Raw Data
NasdaqGM:CNFR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $4.74
NasdaqGM:CNFR Share Price * NasdaqGM (2019-11-14) in USD $4.01
United States of America Insurance Industry PB Ratio Median Figure of 116 Publicly-Listed Insurance Companies 1.16x
United States of America Market PB Ratio Median Figure of 5,070 Publicly-Listed Companies 1.73x
NasdaqGM:CNFR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:CNFR Share Price ÷ Book Value per Share (both in USD)

= 4.01 ÷ 4.74

0.85x

* Primary Listing of Conifer Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Conifer Holdings is good value based on assets compared to the US Insurance industry average.
X
Value checks
We assess Conifer Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. Conifer Holdings has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Conifer Holdings expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
108.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Conifer Holdings expected to grow at an attractive rate?
  • Conifer Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Conifer Holdings's earnings growth is expected to exceed the United States of America market average.
  • Conifer Holdings's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:CNFR Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:CNFR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 108.3%
NasdaqGM:CNFR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 6.7%
United States of America Insurance Industry Earnings Growth Rate Market Cap Weighted Average 6%
United States of America Insurance Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:CNFR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:CNFR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 109 17 3 2
2020-12-31 97 13 -1 3
2019-12-31 94 8 -5 3
2019-11-15
NasdaqGM:CNFR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 95 -2 -10
2019-06-30 96 -10 -12
2019-03-31 98 -15 -10
2018-12-31 99 -17 -9
2018-09-30 101 -16 -4
2018-06-30 96 -5 -20
2018-03-31 96 1 -20
2017-12-31 96 9 -22
2017-09-30 96 17 -26
2017-06-30 101 8 -9
2017-03-31 98 7 -8
2016-12-31 94 6 -8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Conifer Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Conifer Holdings's revenue is expected to grow by 6.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:CNFR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Conifer Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:CNFR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.23 0.30 0.15 2.00
2020-12-31 -0.03 0.04 -0.07 3.00
2019-12-31 -0.58 -0.46 -0.70 3.00
2019-11-15
NasdaqGM:CNFR Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 -1.11
2019-06-30 -1.40
2019-03-31 -1.19
2018-12-31 -1.08
2018-09-30 -0.50
2018-06-30 -2.36
2018-03-31 -2.41
2017-12-31 -2.74
2017-09-30 -3.43
2017-06-30 -1.15
2017-03-31 -1.08
2016-12-31 -1.11

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Conifer Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Conifer Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Conifer Holdings has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Conifer Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Conifer Holdings's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Conifer Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Conifer Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Conifer Holdings's 1-year growth to the US Insurance industry average as it is not currently profitable.
Earnings and Revenue History
Conifer Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Conifer Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:CNFR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 95.01 -9.57 17.37
2019-06-30 95.91 -11.89 17.86
2019-03-31 98.39 -10.12 17.82
2018-12-31 98.91 -9.23 17.68
2018-09-30 101.41 -4.23 17.27
2018-06-30 95.58 -19.58 16.96
2018-03-31 95.85 -19.53 17.02
2017-12-31 96.09 -21.54 17.37
2017-09-30 95.60 -26.18 17.59
2017-06-30 100.97 -8.76 17.82
2017-03-31 98.46 -8.21 17.99
2016-12-31 94.28 -8.44 17.60
2016-09-30 88.16 -6.32 17.55
2016-06-30 82.87 -3.63 16.17
2016-03-31 75.99 -2.75 15.25
2015-12-31 70.72 -0.48 14.81
2015-09-30 68.00 1.67 13.24
2015-06-30 64.35 -1.79 13.34
2015-03-31 63.02 -3.71 12.94
2014-12-31 60.93 -7.20 12.14
2013-12-31 29.76 0.35 9.16
2012-12-31 19.59 0.41 6.52

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Conifer Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Conifer Holdings has efficiently used its assets last year compared to the US Insurance industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Conifer Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Conifer Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Conifer Holdings has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Conifer Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Conifer Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Conifer Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Conifer Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Conifer Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Conifer Holdings Company Filings, last reported 1 month ago.

NasdaqGM:CNFR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 45.48 33.74 34.36
2019-06-30 46.51 34.66 25.03
2019-03-31 42.92 34.58 18.48
2018-12-31 42.16 33.50 19.72
2018-09-30 46.54 29.75 26.36
2018-06-30 50.17 29.06 21.38
2018-03-31 51.42 29.04 16.91
2017-12-31 52.83 29.03 23.30
2017-09-30 52.49 29.01 44.66
2017-06-30 65.97 16.38 25.81
2017-03-31 66.57 17.13 25.16
2016-12-31 67.79 17.75 23.28
2016-09-30 74.50 14.25 22.59
2016-06-30 76.00 14.75 30.47
2016-03-31 76.75 13.25 20.99
2015-12-31 77.26 12.75 19.10
2015-09-30 80.16 9.75 20.12
2015-06-30 51.17 27.46 14.84
2015-03-31 51.87 28.21 24.51
2014-12-31 50.28 27.56 35.25
2013-12-31 21.25 13.11 20.58
2012-12-31
  • Conifer Holdings's level of debt (74.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (55.7% vs 74.2% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Conifer Holdings has sufficient cash runway for more than 3 years based on current free cash flow.
  • Conifer Holdings has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 93.2% each year.
X
Financial health checks
We assess Conifer Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Conifer Holdings has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Conifer Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Conifer Holdings dividends.
If you bought $2,000 of Conifer Holdings shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Conifer Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Conifer Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:CNFR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United States of America Insurance Industry Average Dividend Yield Market Cap Weighted Average of 78 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1949 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:CNFR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
2019-11-15

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Conifer Holdings has not reported any payouts.
  • Unable to verify if Conifer Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Conifer Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Conifer Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Conifer Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Conifer Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Conifer Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Conifer Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jim Petcoff
COMPENSATION $674,767
AGE 63
TENURE AS CEO 10.8 years
CEO Bio

Mr. James George Petcoff, also known as Jim, J.D, has been the Chairman and Chief Executive Officer of Conifer Holdings, Inc. since 2009. Mr. Petcoff has been the President and Director of Midfield Insurance Company since December 2004. Mr. Petcoff has been the Chairman and Chief Executive Officer of North Pointe Insurance Company since 1987. Mr. Petcoff has been a Director and President of South Pointe since 2003. He has been the President and Chief Executive Officer of N.P. Premium Finance since 1987. Mr. Petcoff served as the Chairman of North Pointe Financial Services, Inc. and served as the President and Chief Executive Officer since 1986 until April 2008. He served as the Chairman and Chief Executive Officer of Home Pointe Insurance from February 2005 to April 30, 2008. He served as a Director and President of North Pointe Casualty from March 2004 to April 30, 2008. He served as President and Director of Unisure Premium Finance Company from 1999 to 2001. Mr. Petcoff served as the Chief Executive Officer and Chairman of North Pointe Holdings Corp. from January 13, 2005 to April 30, 2008 and its President from 2001 to April 30, 2008. He served as President of Home Pointe Managing General Agency, Inc., since February 2005. He served as President and Chief Executive Officer of Queensway Financial Holdings Ltd. from 1999 to 2001. From 1980 to 1986, he served as an employee and in management positions at independent commercial insurance agencies. He served as Vice President of Queens Pointe Financial from 1997 to 2002 and Treasurer from 1999 to 2002. He has 35 years of experience in the insurance industry. Mr. Petcoff founded North Pointe Insurance Company and North Pointe Financial in 1986. He served as the Chairman of Queensway Holdings Inc. from 2000 to 2001 and President from 1998 to 2000. He served as Chairman of North Pointe Insurance Company. He served as Chairman of Atlantic Alliance Fidelity, from 1999 to 2001 and Pembridge Insurance Services Corp., from 1998 to 2001. Mr. Petcoff has been the Chairman of Queensway Financial Holdings Ltd. since 1999. He has been a Director of N.P. Premium Finance since 1987. He has been a Director of Home Pointe Managing General Agency, Inc., since February 2005. He served as Director of North Pointe Holdings Corp. from 2001 to April 30, 2008. He served as Director of Queens Pointe Financial until 2002. Mr. Petcoff is a co-owner and Board member of LCA Bank Corporation. He sits on the Michigan Strategic Board Fund for the Michigan Economic Development Corporation. He serves as a Member of Advisory Board of Shore Capital Partners, LLC. He serves as Director of White Pine Insurance Company and Lease Corporation of America. He served as a Director of Rentrak Corp., from September 2000 to August 2004. He served as Director of Sun States Insurance Group Inc. from 1998 to 2001. He served as a Director of Alexander Underwriters General Agency Inc. from 1999 to 2000. He served as a Director of Alexander Underwriters General Agency Inc. from 1999 to 2000; Director of Alexander Underwriters Inc. from 1999 to 2000; Director of Innovative Technology Systems Inc. from 1999 to 2000; Director of International Indemnity Company from 1998 to 2000; Director of Pembridge General, from 1998 to 1999. He served as a Director of Queensway Holdings Inc. from 1999 to 2000 and Director of Consolidated Property & Casualty from 1998 to 2002. Mr. Petcoff holds a J.D. from the University of Detroit school of Law in 1992 and an MBA degree from University of Detroit in 1980. He graduated with a B.A. degree from Michigan State University in 1977.

CEO Compensation
  • Jim's compensation has increased whilst company is loss making.
  • Jim's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Conifer Holdings management team in years:

9.6
Average Tenure
54
Average Age
  • The average tenure for the Conifer Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jim Petcoff

TITLE
Chairman & CEO
COMPENSATION
$675K
AGE
63
TENURE
10.8 yrs

Brian Roney

TITLE
President
COMPENSATION
$496K
AGE
54
TENURE
9.6 yrs

Nicholas Petcoff

TITLE
Executive VP
COMPENSATION
$483K
AGE
38
TENURE
10.8 yrs

Harold Meloche

TITLE
Treasurer & CFO
AGE
57
TENURE
6.5 yrs

Jessica Gulis

TITLE
Investor Relations Contact
TENURE
3.8 yrs

Richard Fiato

TITLE
Corporate Counsel

Andy Petcoff

TITLE
Senior VP of Personal Lines & Director
AGE
35

Laurie Martin

TITLE
Director of Financial Reporting

Jessica Ramsey

TITLE
Investor Relations Professional
Board of Directors Tenure

Average tenure and age of the Conifer Holdings board of directors in years:

7.8
Average Tenure
61.5
Average Age
  • The tenure for the Conifer Holdings board of directors is about average.
Board of Directors

Nicholas Petcoff

TITLE
Executive VP
COMPENSATION
$483K
AGE
38
TENURE
10.8 yrs

Andy Petcoff

TITLE
Senior VP of Personal Lines & Director
AGE
35
TENURE
0.5 yrs

Joseph Sarafa

TITLE
Independent Director
COMPENSATION
$21K
AGE
64
TENURE
7.8 yrs

Jim Petcoff

TITLE
Chairman & CEO
COMPENSATION
$675K
AGE
63
TENURE
10.8 yrs

Isolde O'Hanlon

TITLE
Independent Director
COMPENSATION
$20K
AGE
60
TENURE
2.3 yrs

Jeff Hakala

TITLE
Independent Director
COMPENSATION
$15K
AGE
45
TENURE
1.7 yrs

Jorge Morales

TITLE
Independent Director
COMPENSATION
$20K
AGE
64
TENURE
9.8 yrs

Richard Williams

TITLE
Independent Director
COMPENSATION
$20K
AGE
77
TENURE
10.8 yrs

John Melstrom

TITLE
Director
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Conifer Holdings individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
08. Nov 19 Buy Nicholas Petcoff Individual 06. Nov 19 06. Nov 19 55,555 $4.50 $249,998
08. Nov 19 Buy Richard Williams Individual 06. Nov 19 06. Nov 19 22,222 $4.50 $99,999
08. Nov 19 Buy James Petcoff Individual 06. Nov 19 06. Nov 19 222,222 $4.50 $999,999
08. Nov 19 Buy Brian Roney Individual 06. Nov 19 06. Nov 19 63,333 $4.50 $284,999
08. Nov 19 Buy Andrew Petcoff Individual 06. Nov 19 06. Nov 19 77,777 $4.50 $349,997
08. Nov 19 Buy Clarkston Ventures, LLC Company 06. Nov 19 06. Nov 19 321,782 $4.50 $1,448,019
08. Nov 19 Buy Joseph Sarafa Individual 06. Nov 19 06. Nov 19 10,000 $4.50 $45,000
15. Aug 19 Buy Clarkston Ventures, LLC Company 13. Aug 19 14. Aug 19 193,269 $3.75 $724,759
03. Jul 19 Buy Clarkston Ventures, LLC Company 28. Jun 19 28. Jun 19 1,045,824 $4.25 $4,444,752
03. Jul 19 Buy Clarkston Ventures, LLC Company 13. Mar 19 15. Mar 19 125,662 $4.00 $502,534
02. Jul 19 Buy Williams Family Foundation, Endowment Arm Company 28. Jun 19 28. Jun 19 35,294 $4.25 $150,000
02. Jul 19 Buy Richard Williams Individual 28. Jun 19 28. Jun 19 23,529 $4.25 $99,998
02. Jul 19 Buy John Melstrom Individual 28. Jun 19 28. Jun 19 25,000 $4.25 $106,250
06. Jun 19 Buy Andrew Petcoff Individual 04. Jun 19 04. Jun 19 5,800 $3.80 $22,008
05. Jun 19 Buy Brian Roney Individual 03. Jun 19 03. Jun 19 10,000 $3.39 $33,900
05. Jun 19 Buy Andrew Petcoff Individual 03. Jun 19 03. Jun 19 2,000 $3.42 $6,838
11. Dec 18 Buy Joseph Sarafa Individual 10. Dec 18 10. Dec 18 51,000 $4.50 $229,500
X
Management checks
We assess Conifer Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Conifer Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Could The Conifer Holdings, Inc. (NASDAQ:CNFR) Ownership Structure Tell Us Something Useful?

Insider Ownership Of Conifer Holdings The definition of company insiders can be subjective, and does vary between jurisdictions. … Sometimes we see private equity stick around for the long term, but generally speaking they have a shorter investment horizon and -- as the name suggests -- don't invest in public companies much. … Private Company Ownership We can see that Private Companies own 9.4%, of the shares on issue.

Simply Wall St -

Does Market Volatility Impact Conifer Holdings, Inc.'s (NASDAQ:CNFR) Share Price?

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … What this means for you: Since Conifer Holdings tends to moves up when the market is going up, and down when it's going down, potential investors may wish to reflect on the overall market, when considering the stock.

Simply Wall St -

Conifer Holdings, Inc. (NASDAQ:CNFR) Insiders Increased Their Holdings

But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Happily, the Conifer Holdings insiders decided to buy shares at close to current prices … In the last twelve months Conifer Holdings insiders were buying shares, but not selling

Simply Wall St -

Does Conifer Holdings, Inc.'s (NASDAQ:CNFR) CEO Pay Reflect Performance?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Jim Petcoff's Compensation Compare With Similar Sized Companies. … We examined a group of similar sized companies, with market capitalizations of below US$200m

Simply Wall St -

What You Must Know About Conifer Holdings, Inc.'s (NASDAQ:CNFR) Beta Value

(NASDAQ:CNFR), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … The first thing to understand about beta is that the beta of the overall market is one.

Simply Wall St -

Could Conifer Holdings, Inc.'s (NASDAQ:CNFR) Investor Composition Influence The Stock Price?

A look at the shareholders of Conifer Holdings, Inc. … With a market capitalization of US$42m, Conifer Holdings is a small cap stock, so it might not be well known by many institutional investors. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

Have Insiders Been Buying Conifer Holdings, Inc. (NASDAQ:CNFR) Shares?

Conifer Holdings Insider Transactions Over The Last Year. … In the last twelve months, the biggest single purchase by an insider was when Director Joseph Sarafa bought US$230k worth of shares at a price of US$4.50 per share. … In the last twelve months there was more buying than selling by Conifer Holdings insiders

Simply Wall St -

Is Conifer Holdings Inc (NASDAQ:CNFR) Excessively Paying Its CEO?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Jim Petcoff's Compensation Compare With Similar Sized Companies. … We examined a group of similar sized companies, with market capitalizations of below US$200m.

Simply Wall St -

Before You Buy Conifer Holdings Inc's (NASDAQ:CNFR), Consider This

The first type is company-specific risk, which can be diversified away by investing in other companies to reduce exposure to one particular stock. … The second type is market risk, one that you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks in the market. … A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one.

Simply Wall St -

Have Investors Priced In Conifer Holdings Inc's (NASDAQ:CNFR) Growth?

Conifer Holdings Inc (NASDAQ:CNFR), a insurance company based in United States,. … A question to answer is whether Conifer Holdings's current trading price of $6 reflective of the actual value of the? … Let’s take a look at Conifer Holdings’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Company Info

Description

Conifer Holdings, Inc., an insurance holding company, offers insurance coverage in specialty commercial and personal product lines. The company underwrites various specialty insurance products, including property, general liability, commercial multi-peril, liquor liability, and automobile policies. It serves the commercial insurance needs of owner-operated businesses in the markets, such as hospitality, which includes restaurants, bars, taverns, and bowling centers, as well as small grocery and convenience stores; artisan contractors comprising plumbers, painters, carpenters, electricians, and other independent contractors; and security service providers, such as companies that provide security guard services, security alarm products and services, and private investigative services. The company also offers specialty homeowners insurance products, such as dwelling insurance tailored for owners of lower valued homes in Illinois, Indiana, Louisiana, and Texas; and wind-exposed catastrophe coverage comprising hurricane and wind coverage to under-served homeowners in Hawaii, Texas, and Florida. It markets and sells its insurance products through a network of approximately 7,000 independent agents in 50 states in the United States. Conifer Holdings, Inc. was founded in 2009 and is headquartered in Birmingham, Michigan.

Details
Name: Conifer Holdings, Inc.
CNFR
Exchange: NasdaqGM
Founded: 2009
$38,128,110
9,508,257
Website: http://www.cnfrh.com
Address: Conifer Holdings, Inc.
550 West Merrill Street,
Suite 200,
Birmingham,
Michigan, 48009,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM CNFR Common Stock Nasdaq Global Market US USD 13. Aug 2015
Number of employees
Current staff
Staff numbers
148
Conifer Holdings employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/15 00:39
End of day share price update: 2019/11/14 00:00
Last estimates confirmation: 2019/11/12
Last earnings filing: 2019/11/12
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.