| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Revenue | ||||||
Gross earned premiums | ||||||
- | - | - | 104,713 | 89,216 | 66,969 | 32,893 |
Gross earned premiums | ||||||
103,203 | 109,188 | 114,737 | - | - | - | - |
Ceded earned premiums | ||||||
14,114 | 15,377 | 23,008 | 15,086 | 22,451 | 9,441 | 5,264 |
Net earned premiums | ||||||
89,089 | 93,811 | 91,729 | 89,627 | 66,765 | 57,528 | 27,629 |
Net investment income | ||||||
4,031 | 3,336 | 2,728 | 2,173 | 1,902 | 1,175 | 1,000 |
Net realized investment gains | ||||||
1,196 | 61 | 70 | 1,365 | 285 | 417 | 299 |
Change in fair value of equity securities | ||||||
-427 | 121 | 0 | 0 | - | - | - |
Other gains | ||||||
0 | 0 | 750 | -400 | - | - | - |
Other gains (losses) | ||||||
- | - | - | - | 104 | 0 | 3,714 |
Other income | ||||||
2,109 | 1,582 | 1,560 | 1,118 | 1,667 | 1,809 | 834 |
Total revenue | ||||||
95,998 | 98,911 | 96,837 | 93,883 | 70,723 | 60,929 | 33,476 |
Expenses | ||||||
Losses and loss adjustment expenses, net | ||||||
59,744 | 62,515 | 73,917 | 59,003 | 38,882 | 40,730 | 15,824 |
Policy acquisition costs | ||||||
24,911 | 25,534 | 26,245 | 25,280 | 16,183 | 14,696 | 7,667 |
Operating expenses | ||||||
17,582 | 17,683 | 17,367 | 17,596 | 14,806 | 12,139 | 9,161 |
Interest expense | ||||||
2,882 | 2,644 | 1,362 | 647 | 769 | 584 | 541 |
Total expenses | ||||||
105,119 | 108,376 | 118,891 | 102,526 | 70,640 | 68,149 | 33,193 |
Income (loss) before equity earnings in Affiliate and income taxes | ||||||
-9,121 | -9,465 | -22,054 | -8,643 | 83 | -7,220 | 283 |
Equity earnings in Affiliate, net of tax | ||||||
386 | 290 | 65 | 129 | -52 | 0 | 0 |
Income tax expense | ||||||
-913 | 52 | -447 | -77 | 48 | -281 | 3 |
Net income (loss) | ||||||
-7,822 | -9,227 | -21,542 | -8,437 | -17 | -6,939 | 280 |
Less net loss attributable to noncontrolling interest | ||||||
- | - | - | - | -81 | -4 | -69 |
Net income (loss) attributable to Conifer | ||||||
- | - | - | - | 64 | -6,935 | 349 |
Net income (loss) allocable to common shareholders | ||||||
- | - | - | - | -476 | -7,200 | 349 |
Earnings (loss) per common share, basic and diluted | ||||||
-0.88 | -1.08 | -2.74 | -1.11 | -0.09 | -2.69 | 0.20 |
Weighted average common shares outstanding, basic and diluted | ||||||
8,880 | 8,543 | 7,867 | 7,618 | 5,369 | 2,672 | 1,749 |