Combined Ratio % is a profitability metric of an insurance company to measure its performance in daily operations. It measures the money flowing out of an insurance company in the form of dividends, expenses, and losses.
Conifer Holdings's Combined Ratio % for the quarter that ended in Mar. 2024 was 96.70%
, which is lower than
120.80% for the pervious quarter ended in Sep. 2023.
Conifer Holdings's Combined Ratio % for the annual that ended in Dec. 2023 was 134.90%
, which is higher than
122.30% for the pervious year ended in Dec. 2022.
The historical rank and industry rank for Conifer Holdings's Combined Ratio % or its related term are showing as below:
CNFR's Combined Ratio % is not ranked *
in the Insurance industry.
Industry Median: * Ranked among companies with meaningful Combined Ratio % only.
Conifer Holdings Combined Ratio % Historical Data
The historical data trend for Conifer Holdings's Combined Ratio % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Conifer Holdings's Combined Ratio %
For the Insurance - Property & Casualty subindustry, Conifer Holdings's Combined Ratio %, along with its competitors' market caps and Combined Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Conifer Holdings (NAS:CNFR) Combined Ratio % Calculation
Combined Ratio % is calculated as:
Combined Ratio %
=
( Incurred Losses
+
Expenses )
/
Earned Premium
*
100%
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Conifer Holdings (NAS:CNFR) Combined Ratio % Explanation
Combined Ratio % measures the money flowing out of an insurance company in the form of dividends, expenses and losses. A ratio below 100 percent suggests that the company is making an underwriting profit, while a ratio above 100 percent means that it paid more in the claim than it received. However, a ratio above 100 percent does not necessarily mean the company is losing money because the investment income is not included in the calculation.
Compared to Claims Ratio % and Expense Ratio %, the combined ratio is most important because it provides a comprehensive measure of an insurer's profitability.
Conifer Holdings Combined Ratio % Related Terms
Thank you for viewing the detailed overview of Conifer Holdings's Combined Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Conifer Holdings (Conifer Holdings) Business Description
Conifer Holdings Inc is an insurance company engaged in the sale of property and casualty insurance products. It is engaged in three classes of insurance businesses; commercial lines, personal lines, and wholesale agency business. Within these three businesses, the company offers various insurance products and insurance agency services. The company views the commercial and personal lines segments as underwriting business. The wholesale agency business provides non-risk bearing revenue through commissions and policy fees. Its revenues are derived from premiums earned from insurance operations.
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