GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Conifer Holdings Inc (NAS:CNFR) » Definitions » Financial Strength

Conifer Holdings (Conifer Holdings) Financial Strength : 4 (As of Dec. 2023)


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

What is Conifer Holdings Financial Strength?

Conifer Holdings has the Financial Strength Rank of 4.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

Conifer Holdings did not have earnings to cover the interest expense. Conifer Holdings's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.30. Altman Z-Score does not apply to banks and insurance companies.


Conifer Holdings Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Conifer Holdings's Interest Expense for the months ended in Dec. 2023 was $-0.85 Mil. Its Operating Income for the months ended in Dec. 2023 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $25.06 Mil.

Conifer Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Conifer Holdings's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is

Debt to Revenue Ratio=Total Debt (Q: Dec. 2023 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 25.061) / 84.56
=0.30

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Altman Z-Score does not apply to banks and insurance companies.

* 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) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Conifer Holdings has the Financial Strength Rank of 4.


Conifer Holdings Financial Strength Related Terms

Thank you for viewing the detailed overview of Conifer Holdings's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Conifer Holdings (Conifer Holdings) Business Description

Traded in Other Exchanges
N/A
Address
550 West Merrill Street, Suite 200, Birmingham, MI, USA, 48009
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