GAAP Financials

As Reported Financials

Source Document Currency Code (in thousands) 2013 Y 7/2/2015 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 9/30/2017 USD 2017 Q3 YTD 9/30/2017 USD
Source Document Currency Code 2013 Y 7/2/2015 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 9/30/2017 USD 2017 Q3 YTD 9/30/2017 USD

Assets

Investment securities

Fixed maturity securities, at fair value 44,155 84,405 107,093 113,163 121,883
Equity securities, at fair value 3,712 4,084 4,240 4,579 10,157
Short-term investments, at fair value NA 16,749 6,391 10,788 13,815
Total investments NA 105,238 117,724 128,530 145,855
Short-term investments, at cost or amortized cost (approximates fair value) 9,282 NA NA NA NA
Total investment securities 57,149 NA NA NA NA
Cash 11,296 18,488 12,703 12,493 30,846
Premiums and agents' balances receivable, net 12,304 14,478 18,010 24,538 22,233
Receivable from affiliate NA 0 1,792 1,751 589
Reinsurance recoverables on unpaid losses 3,953 3,224 5,405 6,658 13,528
Reinsurance recoverables on paid losses 441 1,915 1,639 840 2,244
Ceded unearned premiums NA 9,510 3,483 4,120 1,082
Deferred policy acquisition costs 5,747 5,679 12,102 13,290 12,753
Other assets 2,213 5,206 5,069 11,481 7,179
Total assets 96,856 163,738 177,927 203,701 236,309
Ceded unearned premium 1,404 NA NA NA NA
Intangible assets, net 1,245 NA NA NA NA
Goodwill 1,104 NA NA NA NA

Liabilities and Shareholders' Equity

Liabilities

Unpaid losses and loss adjustment expenses NA 31,531 35,422 54,651 82,756
Unearned premiums NA 43,381 47,916 58,126 55,669
Reinsurance premiums payable NA 7,069 1,069 0 7,349
Debt NA 27,562 12,750 17,750 29,010
Accounts payable and accrued expenses NA 2,521 2,758 NA NA
Other liabilities NA 1,396 750 NA NA
Accounts payable and other liabilities NA NA NA 5,380 9,031
Total liabilities NA 113,460 100,665 135,907 183,815
Commitments and contingencies NA 0 0 0 0
Redeemable preferred stock NA 6,119 NA NA NA

Shareholders' equity

Common stock, no par value NA 46,119 80,111 80,342 85,979
Accumulated deficit NA (3,095) (3,031) (11,468) (33,231)
Accumulated other comprehensive income (loss) NA 1,158 182 (1,080) (254)
Total shareholders' equity attributable to Conifer NA 44,182 NA NA NA
Noncontrolling interest NA (23) NA NA NA
Total shareholders' equity NA 44,159 77,262 67,794 52,494
Total liabilities and shareholders' equity NA 163,738 177,927 203,701 236,309

Liabilities and Equity

Liabilities

Unpaid losses and loss adjustment expenses 28,908 NA NA NA NA
Unearned premiums 26,505 NA NA NA NA
Reinsurance premiums payable 989 NA NA NA NA
Senior debt 13,087 NA NA NA NA
Accounts payable and accrued expenses 2,349 NA NA NA NA
Other liabilities 3,767 NA NA NA NA
Total liabilities 75,605 NA NA NA NA
Redeemable preferred stock 0 NA NA NA NA

Shareholders' equity

Common stock 16,883 NA NA NA NA
Retained earnings (Accumulated Deficit) 3,851 NA NA NA NA
Accumulated other comprehensive income 536 NA NA NA NA
Total shareholders' equity attributable to Conifer 21,270 NA NA NA NA
Noncontrolling interest (19) NA NA NA NA
Total equity 21,251 NA NA NA NA
Total liabilities and equity 96,856 NA NA NA NA
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.