Mergers & Acquisitions

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Deal Overview

Conifer Holdings, Inc.
Actual Acquirer:
White Pine Insurance Company
Non-standard automobile insurance operations in U.S.
Deal Type:
Insurance Company
Insurance Sector
Property & Casualty
Agreement Date:
Announcement Date:
Announced Deal Value ($ M):
Announced Deal Value, As Reported ($ M)
Announced Deal Value Per Share ($ )
Completion Date:

Consideration Breakout
Cash ($M) 4.2

Deal Pricing Ratios

Announcement Completion
Price / Earnings (x) NA NA
Price / Book (%) NA NA
Price / Statutory Net Income (x) NA NA
Price / Earnings (x) NM NM
Price / Capital & Surplus (%) NA NA
Price / Operating Income (x) 53.1 62.4
Price / Net Premiums Written (x) 0.73 0.66
Deal Terms
Description of Consideration

Conifer Holdings Inc. paid approximately $4.17 million in cash to acquire the non-standard automobile insurance operations in United States from EGI Financial Holdings Inc. Target's statutory financials are for American Colonial Insurance Co. Inc.

Percent Acquired (%) NA
Accounting Method Acquisition
Merger of Equals? No
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer NA NA
Seller Yes Philo Smith & Co.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer NA NA
Seller Yes McKenna Long & Aldridge LLP