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Upturn AI SWOT - About
Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028 (CNFRZ)
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Stock price based on last close (see disclosures)
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Upturn Advisory Summary
06/06/2024: CNFRZ (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
0 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
Analysis of Past Performance
Type Stock | Historic Profit -5.5% | Avg. Invested days 11 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 06/06/2024 |
Key Highlights
Company Size ETF | Market Capitalization 0 USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 0.84 | 52 Weeks Range 10.46 - 26.03 | Updated Date 06/3/2024 |
52 Weeks Range 10.46 - 26.03 | Updated Date 06/3/2024 | ||
Dividends yield (FY) - | Basic EPS (TTM) - |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -3.02% | Operating Margin (TTM) -9.14% |
Management Effectiveness
Return on Assets (TTM) -2.09% | Return on Equity (TTM) -18.62% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value - | Price to Sales(TTM) - |
Enterprise Value - | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding - | Shares Floating 2848665 |
Shares Outstanding - | Shares Floating 2848665 | ||
Percent Insiders - | Percent Institutions - |
Upturn AI SWOT
Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028
Company Overview
History and Background
Conifer Holdings, Inc. is an insurance holding company focused on offering specialty property and casualty insurance products. The 9.75% Senior Unsecured Notes due 2028 represent a debt obligation issued by Conifer. Conifer Holdings, Inc. was founded in 2009.
Core Business Areas
- Commercial Lines: Provides liability, property, and workers' compensation insurance to small businesses.
- Personal Lines: Offers homeowners, dwelling fire, and wind/hail insurance.
- Reinsurance: Provides reinsurance to other insurance companies.
Leadership and Structure
The leadership team consists of the CEO, CFO, and other key executives. The organizational structure includes departments for underwriting, claims, finance, and marketing. The CINS bond is a debt instrument and holders are creditors, not part of company management.
Top Products and Market Share
Key Offerings
- Commercial Multi-Peril Insurance: Provides comprehensive coverage for small businesses. Market share data specifically for Conifer's commercial multi-peril is limited, but the overall small business insurance market is highly competitive. Competitors include Travelers, The Hartford, and CNA Financial.
- Homeowners Insurance: Offers coverage for homeowners in select states. Market share is relatively small compared to national players. Competitors include State Farm, Allstate, and Liberty Mutual.
Market Dynamics
Industry Overview
The property and casualty insurance industry is characterized by intense competition, regulatory scrutiny, and exposure to catastrophic events. Profitability is heavily dependent on underwriting discipline and investment returns.
Positioning
Conifer Holdings focuses on underserved niche markets within the property and casualty insurance sector, allowing it to differentiate itself from larger, more diversified insurers.
Total Addressable Market (TAM)
The US P&C insurance market is estimated at hundreds of billions of dollars. Conifer Holdings targets smaller segments of this market, aiming for growth through specialization. CINS bond investors are creditors of the company.
Upturn SWOT Analysis
Strengths
- Niche market focus
- Strong relationships with independent agents
- Experienced management team
Weaknesses
- Smaller scale compared to major insurers
- Geographic concentration
- High expense ratio relative to peers
Opportunities
- Expansion into new states
- Acquisition of smaller insurers
- Growth in underserved markets
Threats
- Catastrophic weather events
- Increased competition
- Regulatory changes
Competitors and Market Share
Key Competitors
- TRV
- HIG
- CNA
Competitive Landscape
Conifer faces significant competition from larger, more established insurers. Its competitive advantage lies in its niche market focus and independent agent network.
Major Acquisitions
Syndicate Claim Services, Inc.
- Year: 2016
- Acquisition Price (USD millions): 4.3
- Strategic Rationale: Expanded Conifer's claims handling capabilities.
Growth Trajectory and Initiatives
Historical Growth: Historical growth of the underlying business of Conifer Holdings is relevant to the bonds. Refer to CHFS financial statements for Conifer Holdings' historical growth trends.
Future Projections: Refer to financial analyst reports for Conifer Holdings (CHFS) to get projections of the underlying business of Conifer Holdings.
Recent Initiatives: Recent initiatives by Conifer Holdings (CHFS) the underlying company, will affect the risk of the bonds. Review public statements for this data.
Summary
Conifer Holdings is a smaller player in the competitive P&C insurance market focusing on niche segments. Its strengths include its niche focus and independent agent network, while weaknesses include smaller scale and geographic concentration. Opportunities include expansion and acquisitions, while threats include catastrophic events and competition. The risk of the CINS bonds is influenced by the financial stability and future prospects of Conifer Holdings.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (e.g., SEC)
- Industry Reports (e.g., AM Best, S&P Global)
- Financial News Outlets (e.g., Reuters, Bloomberg)
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Investment decisions should be based on individual research and consultation with a qualified financial advisor. Market share data can fluctuate.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028
Exchange NASDAQ | Headquaters Troy, MI, United States | ||
IPO Launch date 2023-08-30 | Exec. Chairman & Co-CEO Mr. James George Petcoff | ||
Sector - | Industry - | Full time employees 109 | Website https://www.cnfrh.com |
Full time employees 109 | Website https://www.cnfrh.com | ||
Conifer Holdings, Inc., an insurance holding company, engages in the sale of property and casualty insurance products. It offers insurance coverage in specialty commercial and personal product lines. The company underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling 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, including 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 low- value dwelling insurance tailored for owners of lower valued homes in Illinois, Indiana, Louisiana, and Texas; and wholesale agency services comprising commercial and personal lines insurance products for its insurance company subsidiaries, as well as third party insurers. Conifer Holdings, Inc. markets and sells its insurance products through a network of approximately 4,900 independent agents in 50 states in the United States. The company was incorporated in 2009 and is headquartered in Troy, Michigan.
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