News Release For Further Information: Jessica Gulis, 248.559.0840 ir@cnfrh.com For Immediate Release Conifer Holdings Reports 2018 Second Quarter Financial Results Company to Host Conference Call at 8:30 AM ET on Thursday, August 9, 2018 Birmingham, MI, August 8, 2018 - Conifer Holdings, Inc. (Nasdaq: CNFR) (“Conifer” or the “Company”) today announced results for the second quarter ended June 30, 2018. Second Quarter 2018 Financial Highlights (all comparisons to prior year period) • Commercial lines gross written premiums increased 18.5% driven by growth in the Company’s core hospitality and small business lines • Personal lines gross written premiums decreased by 74% (wind-exposed premium down 83% for the quarter) • Loss ratio improved to 61.8% from 67.0% • Combined ratio improved to 106.0% for the period, compared to 110.4% in the prior year period (100.7% before the ADC deferred gain and hurricane-related costs) • Net loss of $1.1 million, or $0.13 per diluted share based on 8.5 million weighted average common diluted shares outstanding • Adjusted operating loss per share was $173,000, or $0.02 per diluted share ($121,000 of income before hurricane costs) Management Comments James Petcoff, Chairman and CEO, commented, “For the second quarter, our core business continued to perform very well with gross written premiums up almost 20% in commercial lines, led by our hospitality and small business lines. Our on-going commitment to shift our business mix toward our most profitable lines continues as 94% of our premium production in the quarter came from commercial lines.” Mr. Petcoff continued, “Over the past several quarters, Conifer has worked diligently to reposition our personal lines writings, focusing on writing low-value dwelling business, while significantly reducing our wind-exposed premiums overall. We feel this best positions us for continuing and profitable growth going forward.


The following information was filed by Conifer Holdings, Inc. (CNFR) on Wednesday, August 8, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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