Conifer Holdings (Conifer Holdings) Net Reserve Development From Prior Years (USD Mil) : 0.46 (As of Mar. 2024)

View and export this data going back to 2015. Start your Free Trial

What is Conifer Holdings Net Reserve Development From Prior Years (USD Mil)?

Net Reserve Development From Prior Years (USD Mil) is the difference between the final losses recorded by an insurer and what the insurer originally recorded.

Conifer Holdings's Net Reserve Development From Prior Years (USD Mil) for the quarter that ended in Mar. 2024 was 0.46 , which higher from pervious quarter (Sep. 2023)'s result by -112.70%.

Conifer Holdings's Net Reserve Development From Prior Years (USD Mil) for the annual that ended in Dec. 2023 was -17.83 , which higher from pervious year (Dec. 2022)'s result by -26.56%.

The historical rank and industry rank for Conifer Holdings's Net Reserve Development From Prior Years (USD Mil) or its related term are showing as below:

CNFR's Net Reserve Development From Prior Years (USD Mil) is not ranked ^*
in the Insurance industry.
Industry Median:
* Ranked among companies with meaningful Net Reserve Development From Prior Years (USD Mil) only.

Conifer Holdings Net Reserve Development From Prior Years (USD Mil) Historical Data

The historical data trend for Conifer Holdings's Net Reserve Development From Prior Years (USD Mil) 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.

* Premium members only.

Conifer Holdings Net Reserve Development From Prior Years (USD Mil) Chart

Conifer Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Net Reserve Development From Prior Years (USD Mil)

Get a 7-Day Free Trial

Conifer HoldingsQuarterly Data

Trend

Mar19

Jun19

Sep19

Dec19

Mar20

Jun20

Sep20

Dec20

Mar21

Jun21

Sep21

Dec21

Mar22

Jun22

Sep22

Dec22

Mar23

Jun23

Sep23

Mar24

Net Reserve Development From Prior Years (USD Mil)

Get a 7-Day Free Trial

Competitive Comparison of Conifer Holdings's Net Reserve Development From Prior Years (USD Mil)

For the Insurance - Property & Casualty subindustry, Conifer Holdings's Net Reserve Development From Prior Years (USD Mil), along with its competitors' market caps and Net Reserve Development From Prior Years (USD Mil) 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) Net Reserve Development From Prior Years (USD Mil) Explanation

Net Reserve Development From Prior Years (USD Mil) is the difference between the final losses recorded by an insurer and what the insurer originally recorded. Prior years’ loss reserve development is useful to the company's management team, as it allows them to assess the impact of incurred claims from previous calendar years on current period earnings.

Generally, lower Prior Years’ Reserve Development is better because it means a higher accuracy on predicting the loss on incurred claims.

Conifer Holdings Net Reserve Development From Prior Years (USD Mil) Related Terms

Thank you for viewing the detailed overview of Conifer Holdings's Net Reserve Development From Prior Years (USD Mil) provided by GuruFocus.com. Please click on the following links to see related term pages.

Conifer Holdings (Conifer Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Conifer Holdings Inc (NAS:CNFR) » Definitions » Net Reserve Development From Prior Years (USD Mil)

Comparable Companies

Traded in Other Exchanges

N/A

Address

550 West Merrill Street, Suite 200, Birmingham, MI, USA, 48009

Website

https://www.cnfrh.com

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.

Executives

James G Petcoff	director, 10 percent owner, officer: Chairman and CEO	350 N NINTH STREET, SUITE 202, BOISE ID 83702
Gerald W Hakala	director	550 W. MERRILL STREET, SUITE 200, BIRMINGHAM MI 48009
Brian J Roney	officer: President	28819 FRANKLIN ROAD, SOUTHFIELD MI 48034
Nicholas J Petcoff	director, officer: EVP, Secretary	550 W. MERRILL STREET, SUITE 200, BIRMINGHAM MI 48009
Joseph D Sarafa	director	11123 BUGAI, TRAVERSE CITY MI 49684
Clarkston Ventures, Llc	10 percent owner	91 WEST LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Jeffrey Anthony Hakala	director	91 WEST LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Williams R Jamison Jr	director	28819 FRANKLIN ROAD, SOUTHFIELD MI 48034
Isolde O'hanlon	director	550 W MERRILL, SUITE 200, BIRMINGHAM MI 48009
Timothy Lamothe	director	26 WAKEMAN ROAD, SOUTH SALEM NY 10590
Andrew Petcoff	officer: SVP, Marketing	550 W. MERRILL STREET, SUITE 200, BIRMINGHAM MI 48009
John William Melstrom	director	355 S. OLD WOODWARD AVENUE, SUITE 200, BIRMINGHAM MI 48009
Mark Mccammon	director	550 W. MERRILL STREET, SUITE 200, BIRMINGHAM MI 48009
Harold J Meloche	officer: CFO, Treasurer	28819 FRANKLIN ROAD, SOUTHFIELD MI 48034
Jorge J Morales	director	28819 FRANKLIN ROAD, SOUTHFIELD MI 48034