| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 | Sep'14 | Jun'14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross earned premiums | ||||||||||||||||||||||
26,053 | 26,609 | 25,962 | 25,082 | 25,550 | 26,290 | 27,318 | 27,856 | 27,724 | 29,244 | 28,891 | 28,338 | 28,264 | - | 27,253 | 25,258 | 23,546 | - | 23,042 | 22,187 | - | - | - |
Gross earned premiums | ||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 20,974 | 17,248 | 19,001 |
Ceded earned premiums | ||||||||||||||||||||||
4,036 | 3,331 | 3,187 | 3,733 | 3,863 | 3,667 | 3,868 | 3,918 | 3,924 | 3,811 | 11,232 | 3,841 | 4,124 | 4,193 | 3,873 | 3,583 | 3,437 | 3,739 | 5,159 | 7,072 | 6,481 | 2,677 | - |
Ceded | ||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,309 |
Change in net unearned premiums | ||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -2,735 |
Net earned premiums | ||||||||||||||||||||||
22,017 | 23,278 | 22,775 | 21,349 | 21,687 | 22,623 | 23,450 | 23,938 | 23,800 | 25,433 | 17,659 | 24,497 | 24,140 | 24,463 | 23,380 | 21,675 | 20,109 | 19,274 | 17,883 | 15,115 | 14,493 | 14,571 | 13,957 |
Net investment income | ||||||||||||||||||||||
954 | 860 | 1,210 | 1,051 | 910 | 911 | 786 | 838 | 802 | 720 | 768 | 663 | 577 | 548 | 560 | 528 | 537 | 442 | 505 | 469 | 486 | 321 | 282 |
Net realized investment gains | ||||||||||||||||||||||
928 | 72 | 390 | 715 | 19 | -91 | -21 | 12 | 161 | 39 | 39 | 0 | -8 | 761 | 71 | 541 | -8 | 47 | 6 | 87 | 145 | 94 | 81 |
Change in fair value of equity securities | ||||||||||||||||||||||
-3,086 | 288 | -1,065 | -915 | 1,265 | 238 | 151 | 29 | -297 | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Other gains | ||||||||||||||||||||||
115 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other gains (losses) | ||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 104 | - | - | - | - |
Change in fair value of equity securities | ||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Other gains | ||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | 750 | - | - | 0 | 0 | - | - | - | - | - | - | - |
Other income | ||||||||||||||||||||||
658 | 542 | 564 | 581 | 422 | 370 | 405 | 450 | 357 | 357 | 477 | 372 | 354 | 287 | 303 | 283 | 245 | 175 | 523 | 480 | 489 | 387 | 505 |
Total revenue | ||||||||||||||||||||||
21,586 | 25,040 | 23,874 | 22,781 | 24,303 | 24,050 | 24,771 | 25,267 | 24,823 | 26,549 | 18,943 | 26,282 | 25,063 | 25,659 | 24,314 | 23,027 | 20,883 | 19,938 | 19,021 | 16,151 | 15,613 | 15,373 | 14,825 |
Expenses | ||||||||||||||||||||||
Losses and loss adjustment expenses, net | ||||||||||||||||||||||
14,269 | 16,049 | 14,857 | 14,382 | 14,456 | 17,565 | 16,554 | 15,067 | 13,328 | 15,042 | 26,468 | 16,674 | 15,733 | 18,181 | 14,582 | 13,541 | 12,699 | 11,523 | 9,813 | 8,976 | 8,570 | 10,215 | 9,686 |
Policy acquisition costs | ||||||||||||||||||||||
6,303 | 6,959 | 6,153 | 6,210 | 5,589 | 6,097 | 6,452 | 6,472 | 6,513 | 6,690 | 6,655 | 6,428 | 6,472 | 6,997 | 6,266 | 6,014 | 6,003 | 6,344 | 4,605 | 2,639 | 2,595 | 3,738 | 3,519 |
Operating expenses | ||||||||||||||||||||||
5,045 | 4,622 | 4,297 | 4,340 | 4,323 | 4,407 | 4,786 | 4,303 | 4,187 | 3,993 | 4,474 | 4,370 | 4,530 | 4,211 | 4,710 | 4,536 | 4,139 | 4,170 | 3,325 | 3,619 | 3,692 | 3,433 | 3,213 |
Interest expense | ||||||||||||||||||||||
731 | 727 | 720 | 725 | 710 | 810 | 598 | 617 | 619 | 616 | 303 | 219 | 224 | 179 | 168 | 143 | 157 | 105 | 181 | 239 | 244 | 108 | 123 |
Total expenses | ||||||||||||||||||||||
26,348 | 28,357 | 26,027 | 25,657 | 25,078 | 28,880 | 28,390 | 26,459 | 24,647 | 26,341 | 37,900 | 27,691 | 26,959 | 29,568 | 25,726 | 24,234 | 22,998 | 22,142 | 17,924 | 15,473 | 15,101 | 17,494 | 16,541 |
Income (loss) before equity earnings in Affiliate and income taxes | ||||||||||||||||||||||
-4,762 | -3,317 | -2,153 | -2,876 | -775 | -4,830 | -3,619 | -1,192 | 176 | 208 | -18,957 | -1,409 | -1,896 | -3,909 | -1,412 | -1,207 | -2,115 | -2,204 | 1,097 | 678 | 512 | -2,121 | -1,716 |
Equity earnings in Affiliate, net of tax | ||||||||||||||||||||||
50 | 167 | 121 | -8 | 106 | 53 | 93 | 89 | 55 | -23 | -76 | 60 | 104 | 18 | -47 | 71 | 87 | -52 | 0 | 0 | 0 | - | - |
Income tax expense | ||||||||||||||||||||||
13 | -122 | -802 | 0 | 11 | 0 | 25 | 10 | 18 | -36 | -135 | -282 | 6 | 530 | 16 | -623 | 0 | 48 | -48 | 48 | 0 | 131 | -191 |
Net income (loss) | ||||||||||||||||||||||
-4,725 | -3,028 | -1,230 | -2,884 | -680 | -4,776 | -3,551 | -1,113 | 213 | 221 | -18,898 | -1,067 | -1,798 | -4,421 | -1,475 | -513 | -2,028 | -2,304 | 1,145 | 630 | 512 | -2,252 | -1,525 |
Less net loss attributable to noncontrolling interest | ||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | -181 | 51 | 49 | -18 | 11 |
Net income (loss) attributable to Conifer | ||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -2,304 | 1,326 | 579 | 463 | -2,234 | -1,536 |
Net income (loss) allocable to common shareholders | ||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -2,304 | 1,212 | 366 | 250 | -2,250 | -1,552 |
Earnings (loss) per common share, basic and diluted | ||||||||||||||||||||||
-0.49 | -0.32 | -0.13 | -0.34 | -0.08 | -0.55 | -0.42 | -0.13 | 0.02 | 0.10 | -2.46 | -0.14 | -0.24 | -0.58 | -0.19 | -0.07 | -0.27 | -0.45 | 0.21 | 0.09 | 0.06 | -0.89 | -0.66 |
Weighted average common shares outstanding, basic and diluted | ||||||||||||||||||||||
9,592 | 9,152 | 9,543 | 8,370 | 8,453 | 8,581 | 8,553 | 8,520 | 8,520 | 8,527 | 7,675 | 7,633 | 7,633 | 7,632 | 7,608 | 7,594 | 7,638 | 7,687 | 5,701 | 4,050 | 4,040 | 2,514 | 2,357 |