Conifer (CNFR) 10-Q 12 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 10, 2016
Document And Entity Information
Entity Registrant Name	Conifer Holdings, Inc.
Entity Central Index Key	1,502,292
Trading Symbol	cnfr
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Common Stock, Shares Outstanding		7,595,635
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Assets
Fixed maturity securities, at fair value (amortized cost of $108,390 and $107,213, respectively)	$ 109,671	$ 107,093
Equity securities, at fair value (cost of $3,339 and $3,341, respectively)	4,380	4,240
Short-term investments, at fair value	5,142	6,391
Total investments	119,193	117,724
Cash	15,843	12,703
Premiums and agents' balances receivable, net	19,321	18,010
Receivable from affiliate	1,907	1,792
Reinsurance recoverables on unpaid losses	5,015	5,405
Reinsurance recoverables on paid losses	1,039	1,639
Ceded unearned premiums	3,988	3,483
Deferred policy acquisition costs	12,221	12,102
Other assets	5,497	5,069
Total assets	184,024	177,927
Liabilities:
Unpaid losses and loss adjustment expenses	38,488	35,422
Unearned premiums	49,763	47,916
Reinsurance premiums payable	1,369	1,069
Senior debt	13,250	12,750
Accounts payable and accrued expenses	3,768	2,758
Other liabilities	637	750
Total liabilities	$ 107,275	$ 100,665
Commitments and contingencies
Shareholders' equity:
Common stock, no par value (100,000,000 shares authorized; 7,610,659 and 7,644,492 issued and outstanding, respectively)	$ 80,084	$ 80,111
Accumulated deficit	(5,059)	(3,031)
Accumulated other comprehensive income	1,724	182
Total shareholders' equity	76,749	77,262
Total liabilities and shareholders' equity	$ 184,024	$ 177,927

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Fixed maturity securities, amortized cost	$ 108,390	$ 107,213
Equity securities, amortized cost	$ 3,339	$ 3,341
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	7,610,659	7,644,492
Common stock, shares outstanding (in shares)	7,610,659	7,644,492

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenue
Gross earned premiums	$ 23,546	$ 20,974
Ceded earned premiums	(3,437)	(6,481)
Net earned premiums	20,109	14,493
Net investment income	537	486
Net realized investment gains (losses)	(8)	145
Other income	245	489
Total revenue	20,883	15,613
Expenses
Losses and loss adjustment expenses, net	12,699	8,570
Policy acquisition costs	6,003	2,595
Operating expenses	4,139	3,692
Interest expense	157	244
Total expenses	22,998	15,101
Income (loss) before income taxes	(2,115)	512
Income tax (benefit) expense	0	0
Equity earnings (losses) of affiliates, net of tax	87	0
Net income (loss)	(2,028)	512
Less net income (loss) attributable to noncontrolling interest	0	49
Net income (loss) attributable to Conifer	(2,028)	463
Net income (loss) allocable to common shareholders	$ (2,028)	$ 250
Earnings (loss) per per common share, basic and diluted (in dollars per share)	$ (0.27)	$ 0.06
Weighted average common shares outstanding, basic and diluted	7,638,780	4,040,872

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (2,028)	$ 512
Unrealized investment gains:
Unrealized investment gains during the period	1,459	703
Income tax expense (benefit)	0	0
Unrealized investment gains, net of tax	1,459	703
Less: reclassification adjustments to:
Net realized investment gains included in net income (loss)	(83)	217
Income tax expense	0	0
Total reclassifications included in net income (loss), net of tax	(83)	217
Net current period other comprehensive income (loss)	1,542	486
Total comprehensive income (loss)	(486)	998
Less comprehensive (loss) income attributable to noncontrolling interest	0	49
Comprehensive income (loss) attributable to Conifer	$ (486)	$ 949

Consolidated Statement of Chang

Consolidated Statement of Changes in Redeemable Preferred Stock and Shareholders' Equity (Unaudited) - USD ($) $ in Thousands		Total	Preferred Stock [Member]	Common Stock [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Parent [Member]	Noncontrolling Interest [Member]	Former Preferred Stockholders [Member]	Former Preferred Stockholders [Member]Common Stock [Member]	Former Preferred Stockholders [Member]Parent [Member]	IPO [Member]	IPO [Member]Common Stock [Member]	Redeemable Preferred Stock [Member]
Balance (in shares) at Dec. 31, 2014			0	3,995,013
Balance at beginning of period at Dec. 31, 2014		$ 44,159	$ 0	$ 46,119	$ (3,095)	$ 1,158	$ 44,182	$ (23)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		512			463		463	49
Issuance of stock (in shares)				55,029
Issuance of stock		750		$ 750			750
Paid-in-kind dividends on redeemable Preferred Stock		(61)		(61)			(61)
Cash dividends paid on Preferred Stock		(152)		$ (152)			(152)
Reclassification of redeemable preferred stock to permanent equity (in shares)			60,600											(60,600)
Reclassification of redeemable preferred stock to permanent equity		6,180	$ 6,180				6,180							$ (6,180)
Other comprehensive loss		486				486	486
Balance (in shares) at Mar. 31, 2015			60,600	4,050,042
Balance at end of period at Mar. 31, 2015		51,874	$ 6,180	$ 46,656	(2,632)	1,644	51,848	26
Redeemable Preferred Stock, Beginning Balance (shares) at Dec. 31, 2014														60,600
Redeemable Preferred Stock, Beginning Balance at Dec. 31, 2014														$ 6,119
Increase (Decrease) in Temporary Equity [Roll Forward]
Paid-in-kind dividends														61
Redeemable Preferred Stock, Ending Balance at Mar. 31, 2015														$ 0
Redeemable Preferred Stock, Ending Balance (shares) at Mar. 31, 2015														0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(529)			(399)		(399)	(130)
Issuance of stock (in shares)										294,450			3,300,000
Issuance of stock									$ 3,092	$ 3,092	$ 3,092	$ 32,224	$ 32,224
IPO expenses	[1]	(1,837)		(1,837)			(1,837)
Repurchase of preferred stock (in shares)			(60,600)
Repurchase of preferred stock		(6,275)	$ (6,275)				(6,275)
Paid-in-kind dividends on redeemable Preferred Stock		0	$ 95	(95)
Cash dividends paid on Preferred Stock		(232)		(232)			(232)
Vesting of RSU		303		$ 303			303
Deconsolidation of affiliate		104						104
Other comprehensive loss		(1,462)				(1,462)	(1,462)
Balance (in shares) at Dec. 31, 2015			0	7,644,492
Balance at end of period at Dec. 31, 2015		77,262	$ 0	$ 80,111	(3,031)	182	77,262	0
Redeemable Preferred Stock, Ending Balance at Dec. 31, 2015														$ 0
Redeemable Preferred Stock, Ending Balance (shares) at Dec. 31, 2015														0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(2,028)			(2,028)		(2,028)
Paid-in-kind dividends on redeemable Preferred Stock		0
Cash dividends paid on Preferred Stock		0
Repurchase of common stock, shares				(33,833)
Repurchase of common stock		(231)		$ (231)			(231)
Vesting of RSU	[2]	204		$ 204			204
Other comprehensive loss		1,542				1,542	1,542
Balance (in shares) at Mar. 31, 2016			0	7,610,659
Balance at end of period at Mar. 31, 2016		$ 76,749	$ 0	$ 80,084	$ (5,059)	$ 1,724	$ 76,749	$ 0
Redeemable Preferred Stock, Ending Balance at Mar. 31, 2016														$ 0
Redeemable Preferred Stock, Ending Balance (shares) at Mar. 31, 2016														0
[1]	"IPO" - initial public offering
[2]	"RSU" - restricted stock units

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Cash Flows from Operating Activities
Net income (loss)	$ (2,028)	$ 512	$ (529)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization of property and equipment, and intangibles	92	101
Amortization of bond premium and discount, net	148	125
(Gains) losses on investments	8	(145)
Incentive awards expenses - vesting of RSU	204	0
Other	(87)	2
(Increase) decrease in:
Premiums and agents' balances receivable	(1,426)	1,552
Reinsurance recoverables	990	(1,675)
Ceded unearned premiums	(505)	(1,057)
Deferred policy acquisition costs	(119)	(441)
Other assets	(411)	(20)
Increase (decrease) in:
Unpaid losses and loss adjustment expenses	3,066	1,456
Unearned premiums	1,847	231
Reinsurance premiums payable	300	(2,666)
Accounts payable and accrued expenses	1,010	996
Other liabilities	(113)	(402)
Net cash provided by (used in) operating activities	2,976	(1,431)
Purchase of investments:
Fixed maturity securities	(5,979)	(13,469)
Equity securities	(434)	(439)
Short-term investments	(11,842)	(19,393)
Proceeds from maturities and redemptions of investments:
Fixed maturity securities	2,505	1,103
Proceeds from sales of investments:
Fixed maturity securities	2,157	1,926
Equity securities	418	359
Short-term investments	13,091	30,816
Purchases of property and equipment	(21)	(39)
Net cash provided by (used in) investing activities	(105)	864
Cash Flows From Financing Activities
Proceeds received from issuance of shares of common stock	0	750
Repurchase of common stock	(231)	0
Borrowings under debt arrangements	1,000	900
Repayment of borrowings under debt arrangements	(500)	(250)
Payment of offering costs	0	(140)
Net cash provided by financing activities	269	1,260
Net increase in cash	3,140	693
Cash at beginning of period	12,703	18,488	19,181
Cash at end of period	15,843	19,181	$ 12,703
Supplemental Disclosure of Cash Flow Information:
Interest paid	98	233
Net income taxes paid	0	0
Dividends declared but not paid at end of the period	0	152
Paid-in-kind interest	$ 0	$ 61

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation and Management Representation The consolidated financial statements include accounts, after elimination of intercompany accounts and transactions, of Conifer Holdings, Inc. (the “Company” or “Conifer”), its wholly owned subsidiaries Conifer Insurance Company ("CIC"), White Pine Insurance Company ("WPIC"), Red Cedar Insurance Company ("RCIC"), American Colonial Insurance Company ("ACIC"), American Colonial Insurance Services ("ACIS") and Sycamore Insurance Agency, Inc ("SIA"). CIC, WPIC, RCIC and ACIC are collectively referred to as the "Insurance Company Subsidiaries." On a stand-alone basis Conifer Holdings, Inc. is referred to as the "Parent Company." The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States (“GAAP”), which differ from statutory accounting practices prescribed or permitted for insurance companies by regulatory authorities. The Company has applied the applicable rules and regulations of the United States Securities and Exchange Commission (“SEC”) regarding interim financial reporting and therefore the consolidated financial statements do not include all of the information and notes required by GAAP for annual financial statements. In the opinion of management, all adjustments, consisting of items of a normal recurring nature, necessary for a fair presentation of the consolidated interim financial statements, have been included. The results of operations for the three months ended March 31, 2016 , are not necessarily indicative of the results expected for the year ended December 31, 2016 . These consolidated financial statements and the notes thereto should be read in conjunction with the Company's audited consolidated financial statements and related notes included in its Annual Report on Form 10-K for the year ended December 31, 2015 , as filed with the SEC on March 15, 2016. Business The Company is engaged in the sale of property and casualty insurance products and has organized its principal operations into two types of insurance businesses: commercial lines and personal lines. The Company underwrites a variety of specialty insurance products, including property, general liability, commercial multi-peril, liquor liability, automobile, and homeowners and dwelling policies. The Company markets and sells its insurance products through a network of independent agents, including managing general agents, whereby policies are written in all 50 states in the United States. The Company’s corporate headquarters is located in Birmingham, Michigan with additional office facilities in Florida, Texas, Pennsylvania and Tennessee. The Company discontinued offering nonstandard personal automobile policies in the first half of 2015. The Company will continue to pay claims and perform other administrative services until existing policies expire and all claims are paid (a process referred to as “run-off”). The run-off is expected to be substantially complete by the end of 2016. Initial Public Offering In August 2015, the Company completed its initial public offering (“IPO”) whereby it issued and sold 3,300,000 shares of common stock, which included 100,000 shares issued and sold to the Company’s Chief Executive Officer, at a public offering price of $10.50 per share. Refer to Note 8 ~ Shareholders’ Equity for further details. Stock Split On July 22, 2015, the board of directors approved a stock split in the form of a stock dividend of 10.2 shares for each share of common stock which was effectuated immediately prior to the effectiveness of the IPO. Accordingly, all common share and per share amounts for all periods presented in these unaudited consolidated financial statements and notes thereto, were adjusted retroactively to reflect the stock split. Principles of Consolidation Prior to September 30, 2015, the consolidated financial statements included the accounts of Conifer Holdings, Inc. and its wholly owned subsidiaries, as well as a 50% -owned affiliate (the “Affiliate”) which the Company controlled due to its majority representation on the entity’s board of directors. Noncontrolling interest in a consolidated subsidiary in the consolidated balance sheets represents the noncontrolling shareholder’s proportionate share of the entity’s equity. Consolidated net income or loss is allocated to the Company and noncontrolling interest in proportion to their percentage ownership interests. As of September 30, 2015, the Company no longer controlled the Affiliate but retained significant influence. As a result the entity was deconsolidated from the consolidated financial statements and recognized as an investment in an affiliate utilizing the equity method of accounting. All intercompany transactions and accounts were eliminated. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. While management believes the amounts included in the consolidated financial statements reflect management's best estimates and assumptions, actual results may differ from these estimates. Recently Issued Accounting Guidance In May 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2015-09, Disclosures about Short-Duration Contracts (Topic 944) , which enhances disclosure requirements for insurance entities with short-duration insurance contracts. The enhanced disclosures under the new guidance will be provided by the Company for the year ended December 31, 2016, as required. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The amendments in this update modify the requirements related to the measurement of certain financial instruments in the statement of financial condition and results of operation. Management is currently evaluating the impact of the guidance. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which addresses the financial reporting of leasing transactions. This update will require the recognition of a right-of-use asset and a corresponding lease liability, discounted to the present value, for all leases that extend beyond 12 months. For operating leases, the asset and liability will be expensed over the lease term on a straight-line basis, with all cash flows included in the operating section of the consolidated statement of cash flows. For finance leases, interest on the lease liability will be recognized separately from the amortization of the right-of-use asset in the consolidated statement of operations and the repayment of the principal portion of the lease liability will be classified as a financing activity while the interest component will be included in the operating section of the consolidated statement of cash flows. This ASU is effective for annual and interim reporting periods beginning after December 15, 2018. Early adoption is permitted. We have not yet completed the analysis of how adopting this guidance will affect our financial statements.

Investments

Investments	3 Months Ended
	Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Investments	Investments The cost or amortized cost, gross unrealized gain or loss, and estimated fair value of the investments in securities classified as available-for-sale at March 31, 2016 and December 31, 2015 were as follows (dollars in thousands): March 31, 2016 Cost or Amortized Cost Gross Unrealized Estimated Fair Value Gains Losses Fixed Maturity Securities: U.S. Government obligations $ 4,645 $ 64 $ (2 ) $ 4,707 State and local government 14,058 606 (1 ) 14,663 Corporate debt 40,191 454 (333 ) 40,312 Commercial mortgage-backed and other asset-backed 49,496 530 (37 ) 49,989 Total fixed maturity securities available for sale 108,390 1,654 (373 ) 109,671 Equity Securities: Common stocks - Public Utilities 190 46 — 236 Common stocks - Banks, Trusts and Insurance Companies 523 157 (8 ) 672 Common stocks - Industrial, miscellaneous and all other 2,626 899 (53 ) 3,472 Total equity securities available for sale 3,339 1,102 (61 ) 4,380 Total securities available for sale $ 111,729 $ 2,756 $ (434 ) $ 114,051 December 31, 2015 Cost or Amortized Cost Gross Unrealized Estimated Fair Value Gains Losses Fixed Maturity Securities: U.S. Government obligations $ 5,474 $ 47 $ (13 ) $ 5,508 State and local government 14,391 398 (6 ) 14,783 Corporate debt 39,183 84 (483 ) 38,784 Commercial mortgage-backed and other asset-backed 48,165 164 (311 ) 48,018 Total fixed maturity securities available for sale 107,213 693 (813 ) 107,093 Equity Securities: Common stocks - Public Utilities 122 20 (1 ) 141 Common stocks - Banks, Trusts and Insurance Companies 503 150 (7 ) 646 Common stocks - Industrial, miscellaneous and all other 2,716 836 (99 ) 3,453 Total equity securities available for sale 3,341 1,006 (107 ) 4,240 Total securities available for sale $ 110,554 $ 1,699 $ (920 ) $ 111,333 The following table summarizes the aggregate fair value and gross unrealized losses, by security type, of the available-for-sale securities in unrealized loss positions. The table segregates the holdings based on the length of time that individual securities have been in a continuous unrealized loss position, as follows (dollars in thousands): March 31, 2016 Less than 12 months Greater than 12 months Total # of Issues Fair Value of Investments with Unrealized Losses Gross Un realized Losses # of Issues Fair Value of Investments with Unrealized Losses Gross Un realized Losses # of Issues Fair Value of Investments with Unrealized Losses Gross Un realized Losses Fixed Maturity Securities: U.S. Government obligations 2 $ 1,330 $ (1 ) 2 $ 685 $ (1 ) 4 $ 2,015 $ (2 ) State and local government 3 499 (1 ) — — — 3 499 (1 ) Corporate debt 22 8,736 (304 ) 10 3,251 (29 ) 32 11,987 (333 ) Commercial mortgage and asset-backed 10 3,667 (7 ) 9 4,255 (30 ) 19 7,922 (37 ) Total fixed maturity securities available for sale 37 14,232 (313 ) 21 8,191 (60 ) 58 22,423 (373 ) Equity Securities: Common stock 25 523 (49 ) 2 76 (12 ) 27 599 (61 ) Total equity securities available for sale 25 523 (49 ) 2 76 (12 ) 27 599 (61 ) Total securities 62 $ 14,755 $ (362 ) 23 $ 8,267 $ (72 ) 85 $ 23,022 $ (434 ) December 31, 2015 Less than 12 months Greater than 12 months Total # of Issues Fair Value of Investments with Unrealized Losses Gross Un realized Losses # of Issues Fair Value of Investments with Unrealized Losses Gross Un realized Losses # of Issues Fair Value of Investments with Unrealized Losses Gross Un realized Losses Fixed Maturity Securities: U.S. Government obligations 7 $ 2,580 $ (7 ) 2 $ 679 $ (6 ) 9 $ 3,259 $ (13 ) State and local government 8 2,688 (6 ) — — — 8 2,688 (6 ) Corporate debt 80 21,760 (438 ) 12 3,618 (45 ) 92 25,378 (483 ) Commercial mortgage and asset-backed 67 32,539 (258 ) 5 2,175 (53 ) 72 34,714 (311 ) Total fixed maturity securities available for sale 162 59,567 (709 ) 19 6,472 (104 ) 181 66,039 (813 ) Equity Securities: Common stock 86 782 (72 ) 3 79 (35 ) 89 861 (107 ) Total equity securities available for sale 86 782 (72 ) 3 79 (35 ) 89 861 (107 ) Total securities 248 $ 60,349 $ (781 ) 22 $ 6,551 $ (139 ) 270 $ 66,900 $ (920 ) The Company analyzed its investment portfolio in accordance with its other-than-temporary impairment ("OTTI") review procedures and determined the Company did not need to record a credit related OTTI loss, nor recognize a non-credit related OTTI loss in other comprehensive income for the three months ended March 31, 2016 and 2015 . The Company’s sources of net investment income are as follows (dollars in thousands): Three Months Ended March 31, 2016 2015 Fixed maturity securities $ 586 $ 531 Equity securities 26 23 Cash and short-term investments 2 2 Total investment income 614 556 Investment expenses (77 ) (70 ) Net investment income $ 537 $ 486 The following table summarizes the gross realized gains and losses from sales or maturities of available-for-sale fixed maturity and equity securities, as follows (dollars in thousands): Three Months Ended March 31, 2016 2015 Fixed maturity securities: Gross realized gains $ 16 $ 68 Gross realized losses (6 ) (3 ) Total fixed maturity securities 10 65 Equity securities: Gross realized gains 56 99 Gross realized losses (74 ) (19 ) Total equity securities (18 ) 80 Total realized gains (losses) $ (8 ) $ 145 Proceeds from the sales of debt and equity securities available for sale were $2.6 million and $2.3 million for the three months ended March 31, 2016 and 2015 , respectively. The table below summarizes the amortized cost and fair value of available-for-sale fixed maturity securities by contractual maturity at March 31, 2016 . Actual maturities may differ from contractual maturities because certain borrowers have the right to call or prepay obligations with or without call or prepayment penalties (dollars in thousands): Amortized Cost Estimated Fair Value Due in one year or less $ 6,018 $ 6,028 Due after one year through five years 35,972 36,293 Due after five years through ten years 8,791 9,033 Due after ten years 8,113 8,328 Securities with contractual maturities 58,894 59,682 Commercial mortgage and asset backed 49,496 49,989 Total Fixed maturity securities $ 108,390 $ 109,671 At March 31, 2016 and December 31, 2015 , the insurance companies had an aggregate of $9.6 million and $8.9 million , respectively, on deposit in trust accounts to meet the deposit requirements of various state insurance departments. There are withdrawal and other restrictions on these deposits, including the type of investments that may be held, however the Company may generally invest in high-grade bonds and short-term investments and earn interest on the funds.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The Company’s financial instruments include assets and liabilities carried at fair value, as well as assets and liabilities carried at cost or amortized cost but disclosed at fair value in these consolidated financial statements. Fair value is defined as the price that would be received for an asset or paid to transfer a liability in the principal most advantageous market for the asset or liability in an orderly transaction between market participants. In determining fair value, the Company applies the market approach, which uses prices and other relevant data based on market transactions involving identical or comparable assets and liabilities. The inputs to valuation techniques used to measure fair value are prioritized into a three-level hierarchy. The hierarchy gives the highest priority to quoted prices from sources independent of the reporting entity (“observable inputs”) and the lowest priority to prices determined by the reporting entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (“unobservable inputs”). The fair value hierarchy is as follows: Level 1 —Valuations that are based on quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 —Valuations that are based on observable inputs (other than Level 1 prices) such as quoted prices for similar assets or liabilities at the measurement date; quoted prices in markets that are not active; or other inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability. Level 3 —Unobservable inputs that are supported by little or no market activity. The unobservable inputs represent the Company’s best assumption of how market participants would price the assets or liabilities. The following tables present the Company’s assets and liabilities measured at fair value on a recurring basis, classified by the valuation hierarchy as of March 31, 2016 and December 31, 2015 (dollars in thousands): March 31, 2016 Fair Value Measurements Using Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Fixed Maturity Securities: U.S. Government obligations $ 4,707 $ — $ 4,707 $ — State and local government 14,663 — 14,663 — Corporate debt 40,312 — 40,312 — Commercial mortgage-backed and other asset-backed 49,989 — 49,989 — Total fixed maturity securities 109,671 — 109,671 — Equity Securities, common stock 4,380 4,380 — — Short-term investments 5,142 5,142 — — Total assets measured at fair value $ 119,193 $ 9,522 $ 109,671 $ — Liabilities: Senior debt* $ 13,250 $ — $ 13,250 $ — Total Liabilities measured at fair value $ 13,250 $ — $ 13,250 $ — * Carried at cost or amortized cost on the consolidated balance sheet December 31, 2015 Fair Value Measurements Using Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Fixed Maturity Securities: U.S. Government obligations $ 5,508 $ — $ 5,508 $ — State and local government 14,783 — 14,783 — Corporate debt 38,784 — 38,784 — Commercial mortgage-backed and other asset-backed 48,018 — 48,018 — Total fixed maturity securities 107,093 — 107,093 — Equity Securities, common stock 4,240 4,240 — — Short-term investments 6,391 6,391 — — Total assets measured at fair value $ 117,724 $ 10,631 $ 107,093 $ — Liabilities: Senior debt* $ 12,750 $ — $ 12,750 $ — Total Liabilities measured at fair value $ 12,750 $ — $ 12,750 $ — * Carried at cost or amortized cost on the consolidated balance sheet Level 1 investments consist of equity securities traded in an active exchange market. The Company uses unadjusted quoted prices for identical instruments to measure fair value. Level 1 also includes money market funds and other interest-bearing deposits at banks, which are reported as short-term investments. The fair value measurements that were based on Level 1 inputs comprise 8.0% of the fair value of the total investment portfolio as of March 31, 2016 . Level 2 investments include fixed maturity securities, which consist of U.S. government agency securities, state and local municipal bonds (including those held as restricted securities), corporate debt securities, mortgage-backed and asset-backed securities. The fair value of securities included in the Level 2 category were based on the market values obtained from a third party pricing service that were evaluated using pricing models that vary by asset class and incorporate available trade, bid and other observable market information. The third party pricing service monitors market indicators, as well as industry and economic events. The fair value measurements that were based on Level 2 inputs comprise 92.0% of the fair value of the total investment portfolio as of March 31, 2016 . The Company obtains pricing for each security from independent pricing services, investment managers or consultants to assist in determining fair value for its Level 2 investments. To validate that these quoted prices are reasonable estimates of fair value, the Company performs various quantitative and qualitative procedures, such as (i) evaluation of the underlying methodologies, (ii) analysis of recent sales activity, (iii) analytical review of our fair values against current market prices or (iv) comparison of the pricing services’ fair value to other pricing services’ fair value for the same investment. No markets for the investments were determined to be inactive at period-ends. Based on these procedures, the Company did not adjust the prices or quotes provided from independent pricing services, investment managers or consultants. The Level 2 financial instruments also include our senior debt. The fair value of borrowings under the senior debt, consisting of the revolving credit facility and term loans, approximates its carrying amount because interest is based on a short-term, variable, market-based rate. The Company’s policy on recognizing transfers between hierarchy levels is applied at the end of each reporting period. There were no transfers between Levels 1, 2 and 3 for the three months ended March 31, 2016 and 2015 , respectively.

Deferred Policy Acquisition Cos

Deferred Policy Acquisition Costs	3 Months Ended
	Mar. 31, 2016
Deferred Policy Acquisition Costs Disclosures [Abstract]
Deferred Policy Acquisition Costs	Deferred Policy Acquisition Costs The Company defers costs incurred which are incremental and directly related to the successful acquisition of new or renewal insurance business, net of corresponding amounts of ceded reinsurance commissions. Net deferred policy acquisition costs are amortized and charged to expense in proportion to premium earned over the estimated policy term. The Company anticipates that its deferred policy acquisition costs will be fully recoverable and there were no premium deficiencies for the three months ended March 31, 2016 and 2015 . The activity in deferred policy acquisition costs, net of reinsurance transactions, is as follows (dollars in thousands): Three Months Ended 2016 2015 Balance at beginning of period $ 12,102 $ 5,679 Deferred policy acquisition costs 6,122 3,036 Amortization of policy acquisition costs (6,003 ) (2,595 ) Net change 119 441 Balance at end of period $ 12,221 $ 6,120

Unpaid Losses and Loss Adjustme

Unpaid Losses and Loss Adjustment Expenses	3 Months Ended
	Mar. 31, 2016
Insurance Loss Reserves [Abstract]
Unpaid Losses and Loss Adjustment Expenses	Unpaid Losses and Loss Adjustment Expenses The Company establishes reserves for unpaid losses and loss adjustment expenses ("LAE") which represent the estimated ultimate cost of all losses incurred that were both reported and unreported (i.e., incurred but not yet reported losses; or “IBNR”) and LAE incurred that remain unpaid at the balance sheet date. The Company’s reserving process takes into account known facts and interpretations of circumstances and factors including the Company’s experience with similar cases, actual claims paid, historical trends involving claim payment patterns and pending levels of unpaid claims, loss management programs, product mix and contractual terms, changes in law and regulation, judicial decisions, and economic conditions. In the normal course of business, the Company may also supplement its claims processes by utilizing third party adjusters, appraisers, engineers, inspectors, and other professionals and information sources to assess and settle catastrophe and non-catastrophe related claims. The effects of inflation are implicitly considered in the reserving process. Reserves are estimates of unpaid portions of losses that have occurred, including IBNR losses, therefore the establishment of appropriate reserves is an inherently uncertain and complex process. The ultimate cost of losses may vary materially from recorded amounts, which are based on management’s best estimates. The highest degree of uncertainty is associated with reserves for losses incurred in the current reporting period as it contains the greatest proportion of losses that have not been reported or settled. The Company regularly updates its reserve estimates as new information becomes available and as events unfold that may affect the resolution of unsettled claims. Changes in reserve estimates, which may be material, are reported in the results of operations in the period such changes are determined to be needed and recorded. Management believes that the reserve for losses and LAE, net of reinsurance recoverables, is appropriately established in the aggregate and adequate to cover the ultimate net cost of reported and unreported claims arising from losses which had occurred by the date of the consolidated financial statements based on available facts and in accordance with applicable laws and regulations. The table below provides the changes in the reserves for losses and LAE, net of reinsurance recoverables, for the periods indicated as follows (dollars in thousands): Three Months Ended 2016 2015 Gross reserves - beginning of period $ 35,422 $ 31,531 Less: reinsurance recoverables on unpaid losses 5,405 3,224 Net reserves - beginning of period 30,017 28,307 Add: incurred losses and LAE, net of reinsurance: Current period 11,112 8,535 Prior period 1,587 35 Total net incurred losses and LAE 12,699 8,570 Deduct: loss and LAE payments, net of reinsurance: Current period 1,999 1,765 Prior period 7,244 6,715 Total net loss and LAE payments 9,243 8,480 Net reserves - end of period 33,473 28,397 Plus: reinsurance recoverables on unpaid losses 5,015 4,590 Gross reserves - end of period $ 38,488 $ 32,987 The Company’s incurred losses during the three months ended March 31, 2016 include prior-year adverse reserve development of $1.6 million . The adverse development was generated by the Florida homeowners, personal automobile, and commercial automobile lines, totaling $758,000 , $547,000 , and $858,000 , respectively. This adverse development was partially offset by favorable development of $271,000 and $253,000 in commercial multi-peril and workers compensation lines, respectively. The Company’s incurred losses during the three months ended March 31, 2015 , reflect prior-year adverse reserve development of $35,000 . The adverse development was generated primarily by adverse development in the commercial and personal automobile lines of $195,000 and $69,000 , respectively, which was partially offset by favorable development of $207,000 in the workers compensation line.

Reinsurance

Reinsurance	3 Months Ended
	Mar. 31, 2016
Reinsurance Disclosures [Abstract]
Reinsurance	Reinsurance In the normal course of business, the Company seeks to minimize the loss that may arise from catastrophes or other events that cause unfavorable underwriting results by reinsuring certain levels of risk in various areas of exposure with reinsurers. The Company participates in reinsurance agreements in order to limit its loss exposure including protecting against catastrophe losses. The Company primarily ceded all specific risks in excess of $500,000 in both 2016 and 2015 . Reinsurance does not discharge the direct insurer from liability to its policyholder. Failure of reinsurers to honor their obligations could result in losses to the Company. The Company evaluates the financial condition of its reinsurers and monitors the concentration of credit risk arising from similar geographic regions, activities, or economic characteristics of the reinsurers to minimize its exposure to significant losses from reinsurer insolvencies. To date, the Company has not experienced any significant difficulties in collecting reinsurance recoverables. The Company assumes written premiums under a few fronting arrangements, most of which are net of other reinsurance arrangements. The fronting arrangements are with unaffiliated insurers who write on behalf of the Company in markets that require a higher A.M. Best rating than the Company’s rating, or where the policies are written in a state where the Company is not licensed or for other strategic reasons. Assumed premiums is comprised entirely of these arrangements other than where there are premiums assumed from Citizens Property and Casualty Corporation (“Citizens”). The following table presents the effects of such reinsurance and assumption transactions on premiums, and losses and LAE (dollars in thousands): Three Months Ended 2016 2015 Written premiums: Direct $ 21,600 $ 21,119 Assumed 3,793 85 Ceded (3,343 ) (7,538 ) Net written premiums $ 22,050 $ 13,666 Earned premiums: Direct $ 22,241 $ 19,301 Assumed 1,305 1,673 Ceded (3,437 ) (6,481 ) Net earned premiums $ 20,109 $ 14,493 Losses and LAE: Direct $ 13,939 $ 9,652 Assumed 909 794 Ceded (2,149 ) (1,876 ) Net Losses and LAE $ 12,699 $ 8,570

Senior Debt

Senior Debt	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Senior Debt	Senior Debt The Company's senior debt facility ("Credit Facility") is comprised of three notes: a $17.5 million revolving line of credit ("Revolver"); a $5.0 million five -year term note ("Term Note") which commenced in October 2013; and a $7.5 million five -year term note which commenced in September 2014 ("2014 Term Note"). A summary of the outstanding senior debt is as follows (dollars in thousands): March 31, 2016 December 31, 2015 Revolver $ 4,500 $ 3,500 Term Note 2,500 2,750 2014 Term Note 6,250 6,500 Total $ 13,250 $ 12,750 The undrawn portion of the Revolver was $13.0 million as of March 31, 2016 , and is available to finance working capital, fund other general corporate purposes and provide surplus contributions to the Company's Insurance Company Subsidiaries to support premium growth or strategic acquisitions. The Credit Facility contains various restrictive covenants that relate to the Company’s shareholders’ equity, premiums-to-capital and surplus ratios, fixed-charge coverage ratio, risk-based capital ratios, and A.M. Best ratings of its Insurance Company Subsidiaries. At March 31, 2016 , the Company was in compliance with all of its Credit Facility financial covenants.

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Mar. 31, 2016
Stockholders' Equity Note [Abstract]
Shareholders' Equity	Shareholders’ Equity On February 25, 2016, the Company's Board of Directors authorized a stock repurchase program, under which the Company may repurchase up to $2.1 million of its outstanding common stock over a one -year period. Under this program, management is authorized to repurchase shares at prevailing market prices through open market purchases, privately negotiated transactions, block purchases or otherwise in accordance with applicable federal securities laws, including Rule 10b5-1 and 10b-18 of the Securities Exchange Act of 1934, as amended. The actual timing, number and value of shares repurchased under the program will be determined by management in its discretion and will depend on a number of factors, including the market price of the Company’s stock, general market conditions, and other factors. Repurchases may be made from time to time, without prior notice. The Company may suspend or discontinue the program at any time. As of March 31, 2016 , the Company had repurchased 33,833 shares of stock valued at approximately $231,000 .

Other Comprehensive Income (Los

Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Other Comprehensive Income (Loss)	Other Comprehensive Income (Loss) The following table presents changes in accumulated other comprehensive income (loss) for unrealized gains and losses on available-for-sale securities (dollars in thousands): Three Months Ended March 31, 2016 2015 Balance at beginning of period $ 182 $ 1,158 Other comprehensive income before reclassifications 1,459 703 Amounts reclassified from accumulated other comprehensive income (loss) 83 (217 ) Net current period other comprehensive income (loss) 1,542 486 Balance at end of period $ 1,724 $ 1,644

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic and diluted earnings (loss) per share are computed by dividing net income allocable to common shareholders by the weighted average number of common shares outstanding during the period. The dividends on preferred stock and other gains are deducted from the net income to arrive at net income allocable to common shareholders. In the period of a net loss, the dividends on preferred stock are added to the net loss to arrive at net loss allocable to common shareholders. The following table presents the calculation of basic and diluted earnings (loss) per common share, as follows (dollars in thousands, except per share amounts): Three Months Ended March 31, 2016 2015 Net income (loss) attributable to Conifer $ (2,028 ) $ 463 Preferred stock dividends — 152 Paid-in-kind dividends — 61 Net income (loss) allocable to common shareholders $ (2,028 ) $ 250 Weighted average common shares, basic and diluted* 7,638,780 4,040,872 Earnings (loss) per share allocable to common, basic and diluted $ (0.27 ) $ 0.06 * The nonvested shares of the restricted stock units were anti-dilutive as of March 31, 2016 . Therefore, the basic and and diluted weighted average common shares are equal as of March 31, 2016 .

Stock-based Compensation

Stock-based Compensation	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based Compensation	Stock-based Compensation In 2015, the Company issued 390,352 restricted stock units (“RSU”) to executive officers and other employees to be settled in shares of common stock. The total RSUs were valued at $4.1 million on the date of grant. The Company recorded $204,000 of compensation expense related to the RSUs for the three months ended March 31, 2016 . The total compensation cost related to the non-vested portion of the restricted stock units which has not been recognized as of March 31, 2016 was $3.6 million .

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal proceedings The Company and its subsidiaries are subject at times to various claims, lawsuits and proceedings relating principally to alleged errors or omissions in the placement of insurance, claims administration, and other business transactions arising in the ordinary course of business. Where appropriate, the Company vigorously defends such claims, lawsuits and proceedings. Some of these claims, lawsuits and proceedings seek damages, including consequential, exemplary or punitive damages, in amounts that could, if awarded, be significant. Most of the claims, lawsuits and proceedings arising in the ordinary course of business are covered by the insurance policy at issue. On the basis of current information, the Company does not believe that there is a reasonable possibility that any material loss exceeding amounts already accrued, if any, will result from any of the claims, lawsuits and proceedings to which the Company is subject, either individually, or in the aggregate.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Segment Information	Segment Information The Company is engaged in the sale of property and casualty insurance products and has organized its principal operations into two types of insurance businesses: commercial lines and personal lines. Within these two insurance businesses, the Company offers various insurance products. Such insurance businesses are engaged in underwriting and marketing insurance coverages, and administering claims processing for such policies. The Company defines its operating segments as components of the business where separate financial information is available and used by the chief operating decision-making group in deciding how to allocate resources to its segments and in assessing its performance. In assessing performance of its operating segments, the Company’s chief operating decision-making group, comprised of key senior executives, reviews a number of financial measures including gross written premiums, net earned premiums, losses and LAE, net of reinsurance recoveries. The primary measure used for making decisions about resources to be allocated to an operating segment and assessing its performance is segment underwriting gain or loss which is defined as segment revenues, consisting of net earned premiums and other income, less segment expenses, consisting of losses and LAE, policy acquisition costs and other underwriting and operating expenses of the operating segments. Other underwriting and operating expenses primarily include compensation and related benefits for underwriting personnel, licensing of policy issuance and claims systems, rent and utilities. The Company markets, distributes and sells its insurance products through its own insurance agencies and a network of independent agents. All of the Company’s insurance activities are conducted in the United States with a concentration of activity in Florida, Michigan, Pennsylvania and Texas. For the three months ended March 31, 2016 and 2015 , gross written premiums attributable to these four states were 70% and 69% , respectively, of the Company’s total gross written premiums. The commercial lines and personal lines accounted for approximately 76% and 24% , respectively, of net earned premiums for the three months ended March 31, 2016 , and approximately 65% and 35% , respectively, of net earned premiums for the three months ended March 31, 2015 . Other income includes installment and policy fees charged to policyholders and commission income from third party insurers on policies written through our agencies relating to our product lines. The following provides a description of the Company’s two insurance businesses and product offerings within these businesses: • Commercial lines—offers coverage for property, liability, automobile and other miscellaneous coverage primarily to owner-operated small and mid-sized businesses, professional organizations and hospitality businesses such as restaurants, bars and taverns. Included within commercial insurance business are the following key products: • Commercial multi-peril (“CMP”)—provides property and liability coverages in a package to the policyholder. • Other liability—provides coverage for general liability and liquor liability on an individual policy. • Automobile—provides coverage for commercial automobiles for businesses that supply to their employees company-owned vehicles. • Other—primarily includes workers’ compensation coverage in narrowly selected areas. • Personal lines—offers coverage for low-value dwelling, wind-exposed homeowners and automobile. Included within personal insurance business are the following key products: • Low-value dwelling—provides coverage for nonstandard homeowners insurance and dwelling fire insurance products (property and basic perils coverage only) located primarily in Indiana, Illinois and Texas. • Wind-exposed homeowners—provides coverage in niche homeowners markets that have special risk characteristics, including coastal exposure to wind, located primarily in Florida, Hawaii and Texas. • Automobile—provides coverage for nonstandard private passenger automobile insurance policies primarily for individuals located in Florida and Illinois. Both the Florida and Illinois books of nonstandard auto business are currently in run-off. In addition to the reportable segments, the Company maintains a Corporate and Other category to reconcile segment results to the consolidated totals. The Corporate and Other category includes: (i) corporate operating expenses such as salaries and related benefits of the Company’s executive management team and finance and information technology personnel, and other corporate headquarters expenses, (ii) interest expense on the Company’s senior debt obligations; (iii) depreciation and amortization on property and equipment, and (iv) all investment income activity. All investment income activity is reported within net investment income and net realized investment gains on the consolidated statements of operations. The Company’s assets on the consolidated balance sheet are not allocated to the reportable segments. The following tables present information by reportable segment (dollars in thousands): Commercial Lines Personal Lines Homeowners Three Months Ended CMP Other Liability Auto Other Total Low-value Dwelling Wind- exposed Auto Total Corporate & Other Total Gross written premiums $ 12,121 $ 3,400 $ 2,531 $ 1,092 $ 19,144 $ 2,311 $ 3,937 $ 1 $ 6,249 $ — $ 25,393 Net written premiums $ 10,599 $ 3,084 $ 2,265 $ 1,038 $ 16,986 $ 2,031 $ 3,032 $ 1 $ 5,064 $ — $ 22,050 Net earned premiums $ 9,438 $ 2,357 $ 2,588 $ 896 $ 15,279 $ 1,761 $ 3,067 $ 2 $ 4,830 $ — $ 20,109 Other income 60 33 5 — 98 112 20 — 132 15 245 Segment revenue 9,498 2,390 2,593 896 15,377 1,873 3,087 2 4,962 15 20,354 Loss and loss adjustment expenses, net 4,402 1,489 2,498 246 8,635 1,140 2,378 546 4,064 — 12,699 Policy acquisition costs 2,843 732 661 152 4,388 582 1,033 — 1,615 — 6,003 Operating expenses 1,247 249 131 107 1,734 355 282 32 669 1,736 4,139 Segment expenses 8,492 2,470 3,290 505 14,757 2,077 3,693 578 6,348 1,736 22,841 Segment underwriting gain (loss) $ 1,006 $ (80 ) $ (697 ) $ 391 $ 620 $ (204 ) $ (606 ) $ (576 ) $ (1,386 ) $ (1,721 ) $ (2,487 ) Investment income 537 537 Net realized investment gains (losses) (8 ) (8 ) Interest expense (157 ) (157 ) Income (loss) before income taxes $ (1,349 ) $ (2,115 ) Commercial Lines Personal Lines Homeowners Three Months Ended CMP Other Liability Auto Other Total Low-value Dwelling Wind- exposed Auto Total Corporate & Other Total Gross written premiums $ 9,662 $ 2,298 $ 2,676 $ 1,106 $ 15,742 $ 1,588 $ 3,067 $ 807 $ 5,462 $ — $ 21,204 Net written premiums $ 5,818 $ 1,426 $ 1,815 $ 795 $ 9,854 $ 1,011 $ 1,994 $ 807 $ 3,812 $ — $ 13,666 Net earned premiums $ 6,126 $ 1,222 $ 1,610 $ 530 $ 9,488 $ 1,488 $ 2,095 $ 1,422 $ 5,005 $ — $ 14,493 Other income 306 38 5 — 349 63 9 56 128 12 489 Segment revenue 6,432 1,260 1,615 530 9,837 1,551 2,104 1,478 5,133 12 14,982 Loss and loss adjustment expenses, net 3,780 454 1,065 18 5,317 872 882 1,499 3,253 — 8,570 Policy acquisition costs 1,119 208 330 81 1,738 394 225 238 857 — 2,595 Operating expenses 1,032 254 114 72 1,472 101 115 197 413 1,807 3,692 Segment expenses 5,931 916 1,509 171 8,527 1,367 1,222 1,934 4,523 1,807 14,857 Segment underwriting gain (loss) $ 501 $ 344 $ 106 $ 359 $ 1,310 $ 184 $ 882 $ (456 ) $ 610 $ (1,795 ) $ 125 Investment income 486 486 Net realized investment gains (losses) 145 145 Interest expense (244 ) (244 ) Income (loss) before income taxes $ (1,408 ) $ 512 The Company discontinued offering non-standard personal automobile policies in the first half of 2015, but will continue to pay claims and perform other administrative services as needed until the run-off of the claims on such policies is complete. No premiums were written or earned in the non-standard personal automobile line in 2016. The decision to stop writing non-standard personal automobile policies was the result of the Company’s change in strategic positioning and its desire to increase its personal homeowners product line and pursue existing commercial line opportunities.

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Basis of Presentation and Management Representation	Basis of Presentation and Management Representation The consolidated financial statements include accounts, after elimination of intercompany accounts and transactions, of Conifer Holdings, Inc. (the “Company” or “Conifer”), its wholly owned subsidiaries Conifer Insurance Company ("CIC"), White Pine Insurance Company ("WPIC"), Red Cedar Insurance Company ("RCIC"), American Colonial Insurance Company ("ACIC"), American Colonial Insurance Services ("ACIS") and Sycamore Insurance Agency, Inc ("SIA"). CIC, WPIC, RCIC and ACIC are collectively referred to as the "Insurance Company Subsidiaries." On a stand-alone basis Conifer Holdings, Inc. is referred to as the "Parent Company." The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States (“GAAP”), which differ from statutory accounting practices prescribed or permitted for insurance companies by regulatory authorities. The Company has applied the applicable rules and regulations of the United States Securities and Exchange Commission (“SEC”) regarding interim financial reporting and therefore the consolidated financial statements do not include all of the information and notes required by GAAP for annual financial statements. In the opinion of management, all adjustments, consisting of items of a normal recurring nature, necessary for a fair presentation of the consolidated interim financial statements, have been included. The results of operations for the three months ended March 31, 2016 , are not necessarily indicative of the results expected for the year ended December 31, 2016 . These consolidated financial statements and the notes thereto should be read in conjunction with the Company's audited consolidated financial statements and related notes included in its Annual Report on Form 10-K for the year ended December 31, 2015 , as filed with the SEC on March 15, 2016.
Principles of Consolidation	Principles of Consolidation Prior to September 30, 2015, the consolidated financial statements included the accounts of Conifer Holdings, Inc. and its wholly owned subsidiaries, as well as a 50% -owned affiliate (the “Affiliate”) which the Company controlled due to its majority representation on the entity’s board of directors. Noncontrolling interest in a consolidated subsidiary in the consolidated balance sheets represents the noncontrolling shareholder’s proportionate share of the entity’s equity. Consolidated net income or loss is allocated to the Company and noncontrolling interest in proportion to their percentage ownership interests. As of September 30, 2015, the Company no longer controlled the Affiliate but retained significant influence. As a result the entity was deconsolidated from the consolidated financial statements and recognized as an investment in an affiliate utilizing the equity method of accounting. All intercompany transactions and accounts were eliminated.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. While management believes the amounts included in the consolidated financial statements reflect management's best estimates and assumptions, actual results may differ from these estimates.
Recently Issued Accounting Guidance	Recently Issued Accounting Guidance In May 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2015-09, Disclosures about Short-Duration Contracts (Topic 944) , which enhances disclosure requirements for insurance entities with short-duration insurance contracts. The enhanced disclosures under the new guidance will be provided by the Company for the year ended December 31, 2016, as required. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The amendments in this update modify the requirements related to the measurement of certain financial instruments in the statement of financial condition and results of operation. Management is currently evaluating the impact of the guidance. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which addresses the financial reporting of leasing transactions. This update will require the recognition of a right-of-use asset and a corresponding lease liability, discounted to the present value, for all leases that extend beyond 12 months. For operating leases, the asset and liability will be expensed over the lease term on a straight-line basis, with all cash flows included in the operating section of the consolidated statement of cash flows. For finance leases, interest on the lease liability will be recognized separately from the amortization of the right-of-use asset in the consolidated statement of operations and the repayment of the principal portion of the lease liability will be classified as a financing activity while the interest component will be included in the operating section of the consolidated statement of cash flows. This ASU is effective for annual and interim reporting periods beginning after December 15, 2018. Early adoption is permitted. We have not yet completed the analysis of how adopting this guidance will affect our financial statements.

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-sale Securities	The cost or amortized cost, gross unrealized gain or loss, and estimated fair value of the investments in securities classified as available-for-sale at March 31, 2016 and December 31, 2015 were as follows (dollars in thousands): March 31, 2016 Cost or Amortized Cost Gross Unrealized Estimated Fair Value Gains Losses Fixed Maturity Securities: U.S. Government obligations $ 4,645 $ 64 $ (2 ) $ 4,707 State and local government 14,058 606 (1 ) 14,663 Corporate debt 40,191 454 (333 ) 40,312 Commercial mortgage-backed and other asset-backed 49,496 530 (37 ) 49,989 Total fixed maturity securities available for sale 108,390 1,654 (373 ) 109,671 Equity Securities: Common stocks - Public Utilities 190 46 — 236 Common stocks - Banks, Trusts and Insurance Companies 523 157 (8 ) 672 Common stocks - Industrial, miscellaneous and all other 2,626 899 (53 ) 3,472 Total equity securities available for sale 3,339 1,102 (61 ) 4,380 Total securities available for sale $ 111,729 $ 2,756 $ (434 ) $ 114,051 December 31, 2015 Cost or Amortized Cost Gross Unrealized Estimated Fair Value Gains Losses Fixed Maturity Securities: U.S. Government obligations $ 5,474 $ 47 $ (13 ) $ 5,508 State and local government 14,391 398 (6 ) 14,783 Corporate debt 39,183 84 (483 ) 38,784 Commercial mortgage-backed and other asset-backed 48,165 164 (311 ) 48,018 Total fixed maturity securities available for sale 107,213 693 (813 ) 107,093 Equity Securities: Common stocks - Public Utilities 122 20 (1 ) 141 Common stocks - Banks, Trusts and Insurance Companies 503 150 (7 ) 646 Common stocks - Industrial, miscellaneous and all other 2,716 836 (99 ) 3,453 Total equity securities available for sale 3,341 1,006 (107 ) 4,240 Total securities available for sale $ 110,554 $ 1,699 $ (920 ) $ 111,333
Schedule of Unrealized Loss Positions	The following table summarizes the aggregate fair value and gross unrealized losses, by security type, of the available-for-sale securities in unrealized loss positions. The table segregates the holdings based on the length of time that individual securities have been in a continuous unrealized loss position, as follows (dollars in thousands): March 31, 2016 Less than 12 months Greater than 12 months Total # of Issues Fair Value of Investments with Unrealized Losses Gross Un realized Losses # of Issues Fair Value of Investments with Unrealized Losses Gross Un realized Losses # of Issues Fair Value of Investments with Unrealized Losses Gross Un realized Losses Fixed Maturity Securities: U.S. Government obligations 2 $ 1,330 $ (1 ) 2 $ 685 $ (1 ) 4 $ 2,015 $ (2 ) State and local government 3 499 (1 ) — — — 3 499 (1 ) Corporate debt 22 8,736 (304 ) 10 3,251 (29 ) 32 11,987 (333 ) Commercial mortgage and asset-backed 10 3,667 (7 ) 9 4,255 (30 ) 19 7,922 (37 ) Total fixed maturity securities available for sale 37 14,232 (313 ) 21 8,191 (60 ) 58 22,423 (373 ) Equity Securities: Common stock 25 523 (49 ) 2 76 (12 ) 27 599 (61 ) Total equity securities available for sale 25 523 (49 ) 2 76 (12 ) 27 599 (61 ) Total securities 62 $ 14,755 $ (362 ) 23 $ 8,267 $ (72 ) 85 $ 23,022 $ (434 ) December 31, 2015 Less than 12 months Greater than 12 months Total # of Issues Fair Value of Investments with Unrealized Losses Gross Un realized Losses # of Issues Fair Value of Investments with Unrealized Losses Gross Un realized Losses # of Issues Fair Value of Investments with Unrealized Losses Gross Un realized Losses Fixed Maturity Securities: U.S. Government obligations 7 $ 2,580 $ (7 ) 2 $ 679 $ (6 ) 9 $ 3,259 $ (13 ) State and local government 8 2,688 (6 ) — — — 8 2,688 (6 ) Corporate debt 80 21,760 (438 ) 12 3,618 (45 ) 92 25,378 (483 ) Commercial mortgage and asset-backed 67 32,539 (258 ) 5 2,175 (53 ) 72 34,714 (311 ) Total fixed maturity securities available for sale 162 59,567 (709 ) 19 6,472 (104 ) 181 66,039 (813 ) Equity Securities: Common stock 86 782 (72 ) 3 79 (35 ) 89 861 (107 ) Total equity securities available for sale 86 782 (72 ) 3 79 (35 ) 89 861 (107 ) Total securities 248 $ 60,349 $ (781 ) 22 $ 6,551 $ (139 ) 270 $ 66,900 $ (920 )
Schedule of Investment Income	The Company’s sources of net investment income are as follows (dollars in thousands): Three Months Ended March 31, 2016 2015 Fixed maturity securities $ 586 $ 531 Equity securities 26 23 Cash and short-term investments 2 2 Total investment income 614 556 Investment expenses (77 ) (70 ) Net investment income $ 537 $ 486
Schedule of Gross Realized Gains and Losses on Securities	The following table summarizes the gross realized gains and losses from sales or maturities of available-for-sale fixed maturity and equity securities, as follows (dollars in thousands): Three Months Ended March 31, 2016 2015 Fixed maturity securities: Gross realized gains $ 16 $ 68 Gross realized losses (6 ) (3 ) Total fixed maturity securities 10 65 Equity securities: Gross realized gains 56 99 Gross realized losses (74 ) (19 ) Total equity securities (18 ) 80 Total realized gains (losses) $ (8 ) $ 145
Summary of Amortized Cost and Fair Value of Securities	The table below summarizes the amortized cost and fair value of available-for-sale fixed maturity securities by contractual maturity at March 31, 2016 . Actual maturities may differ from contractual maturities because certain borrowers have the right to call or prepay obligations with or without call or prepayment penalties (dollars in thousands): Amortized Cost Estimated Fair Value Due in one year or less $ 6,018 $ 6,028 Due after one year through five years 35,972 36,293 Due after five years through ten years 8,791 9,033 Due after ten years 8,113 8,328 Securities with contractual maturities 58,894 59,682 Commercial mortgage and asset backed 49,496 49,989 Total Fixed maturity securities $ 108,390 $ 109,671

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Summary of Assets and Liabilities Measured at Fair Value	The following tables present the Company’s assets and liabilities measured at fair value on a recurring basis, classified by the valuation hierarchy as of March 31, 2016 and December 31, 2015 (dollars in thousands): March 31, 2016 Fair Value Measurements Using Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Fixed Maturity Securities: U.S. Government obligations $ 4,707 $ — $ 4,707 $ — State and local government 14,663 — 14,663 — Corporate debt 40,312 — 40,312 — Commercial mortgage-backed and other asset-backed 49,989 — 49,989 — Total fixed maturity securities 109,671 — 109,671 — Equity Securities, common stock 4,380 4,380 — — Short-term investments 5,142 5,142 — — Total assets measured at fair value $ 119,193 $ 9,522 $ 109,671 $ — Liabilities: Senior debt* $ 13,250 $ — $ 13,250 $ — Total Liabilities measured at fair value $ 13,250 $ — $ 13,250 $ — * Carried at cost or amortized cost on the consolidated balance sheet December 31, 2015 Fair Value Measurements Using Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Fixed Maturity Securities: U.S. Government obligations $ 5,508 $ — $ 5,508 $ — State and local government 14,783 — 14,783 — Corporate debt 38,784 — 38,784 — Commercial mortgage-backed and other asset-backed 48,018 — 48,018 — Total fixed maturity securities 107,093 — 107,093 — Equity Securities, common stock 4,240 4,240 — — Short-term investments 6,391 6,391 — — Total assets measured at fair value $ 117,724 $ 10,631 $ 107,093 $ — Liabilities: Senior debt* $ 12,750 $ — $ 12,750 $ — Total Liabilities measured at fair value $ 12,750 $ — $ 12,750 $ — * Carried at cost or amortized cost on the consolidated balance sheet

Deferred Policy Acquisition C24

Deferred Policy Acquisition Costs (Tables)	3 Months Ended
	Mar. 31, 2016
Deferred Policy Acquisition Costs Disclosures [Abstract]
Summary of Deferred Policy Acquisition Costs	The activity in deferred policy acquisition costs, net of reinsurance transactions, is as follows (dollars in thousands): Three Months Ended 2016 2015 Balance at beginning of period $ 12,102 $ 5,679 Deferred policy acquisition costs 6,122 3,036 Amortization of policy acquisition costs (6,003 ) (2,595 ) Net change 119 441 Balance at end of period $ 12,221 $ 6,120

Unpaid Losses and Loss Adjust25

Unpaid Losses and Loss Adjustment Expenses (Tables)	3 Months Ended
	Mar. 31, 2016
Insurance Loss Reserves [Abstract]
Schedule of the Changes in the Reserves for Losses and Loss Adjustment Expense	The table below provides the changes in the reserves for losses and LAE, net of reinsurance recoverables, for the periods indicated as follows (dollars in thousands): Three Months Ended 2016 2015 Gross reserves - beginning of period $ 35,422 $ 31,531 Less: reinsurance recoverables on unpaid losses 5,405 3,224 Net reserves - beginning of period 30,017 28,307 Add: incurred losses and LAE, net of reinsurance: Current period 11,112 8,535 Prior period 1,587 35 Total net incurred losses and LAE 12,699 8,570 Deduct: loss and LAE payments, net of reinsurance: Current period 1,999 1,765 Prior period 7,244 6,715 Total net loss and LAE payments 9,243 8,480 Net reserves - end of period 33,473 28,397 Plus: reinsurance recoverables on unpaid losses 5,015 4,590 Gross reserves - end of period $ 38,488 $ 32,987

Reinsurance (Tables)

Reinsurance (Tables)	3 Months Ended
	Mar. 31, 2016
Reinsurance Disclosures [Abstract]
Summary of the Effects of Reinsurance	The following table presents the effects of such reinsurance and assumption transactions on premiums, and losses and LAE (dollars in thousands): Three Months Ended 2016 2015 Written premiums: Direct $ 21,600 $ 21,119 Assumed 3,793 85 Ceded (3,343 ) (7,538 ) Net written premiums $ 22,050 $ 13,666 Earned premiums: Direct $ 22,241 $ 19,301 Assumed 1,305 1,673 Ceded (3,437 ) (6,481 ) Net earned premiums $ 20,109 $ 14,493 Losses and LAE: Direct $ 13,939 $ 9,652 Assumed 909 794 Ceded (2,149 ) (1,876 ) Net Losses and LAE $ 12,699 $ 8,570

Senior Debt (Tables)

Senior Debt (Tables)	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Schedule of Outstanding Senior Debt	A summary of the outstanding senior debt is as follows (dollars in thousands): March 31, 2016 December 31, 2015 Revolver $ 4,500 $ 3,500 Term Note 2,500 2,750 2014 Term Note 6,250 6,500 Total $ 13,250 $ 12,750

Other Comprehensive Income (L28

Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table presents changes in accumulated other comprehensive income (loss) for unrealized gains and losses on available-for-sale securities (dollars in thousands): Three Months Ended March 31, 2016 2015 Balance at beginning of period $ 182 $ 1,158 Other comprehensive income before reclassifications 1,459 703 Amounts reclassified from accumulated other comprehensive income (loss) 83 (217 ) Net current period other comprehensive income (loss) 1,542 486 Balance at end of period $ 1,724 $ 1,644

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	The following table presents the calculation of basic and diluted earnings (loss) per common share, as follows (dollars in thousands, except per share amounts): Three Months Ended March 31, 2016 2015 Net income (loss) attributable to Conifer $ (2,028 ) $ 463 Preferred stock dividends — 152 Paid-in-kind dividends — 61 Net income (loss) allocable to common shareholders $ (2,028 ) $ 250 Weighted average common shares, basic and diluted* 7,638,780 4,040,872 Earnings (loss) per share allocable to common, basic and diluted $ (0.27 ) $ 0.06 * The nonvested shares of the restricted stock units were anti-dilutive as of March 31, 2016 . Therefore, the basic and and diluted weighted average common shares are equal as of March 31, 2016 .

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	The following tables present information by reportable segment (dollars in thousands): Commercial Lines Personal Lines Homeowners Three Months Ended CMP Other Liability Auto Other Total Low-value Dwelling Wind- exposed Auto Total Corporate & Other Total Gross written premiums $ 12,121 $ 3,400 $ 2,531 $ 1,092 $ 19,144 $ 2,311 $ 3,937 $ 1 $ 6,249 $ — $ 25,393 Net written premiums $ 10,599 $ 3,084 $ 2,265 $ 1,038 $ 16,986 $ 2,031 $ 3,032 $ 1 $ 5,064 $ — $ 22,050 Net earned premiums $ 9,438 $ 2,357 $ 2,588 $ 896 $ 15,279 $ 1,761 $ 3,067 $ 2 $ 4,830 $ — $ 20,109 Other income 60 33 5 — 98 112 20 — 132 15 245 Segment revenue 9,498 2,390 2,593 896 15,377 1,873 3,087 2 4,962 15 20,354 Loss and loss adjustment expenses, net 4,402 1,489 2,498 246 8,635 1,140 2,378 546 4,064 — 12,699 Policy acquisition costs 2,843 732 661 152 4,388 582 1,033 — 1,615 — 6,003 Operating expenses 1,247 249 131 107 1,734 355 282 32 669 1,736 4,139 Segment expenses 8,492 2,470 3,290 505 14,757 2,077 3,693 578 6,348 1,736 22,841 Segment underwriting gain (loss) $ 1,006 $ (80 ) $ (697 ) $ 391 $ 620 $ (204 ) $ (606 ) $ (576 ) $ (1,386 ) $ (1,721 ) $ (2,487 ) Investment income 537 537 Net realized investment gains (losses) (8 ) (8 ) Interest expense (157 ) (157 ) Income (loss) before income taxes $ (1,349 ) $ (2,115 ) Commercial Lines Personal Lines Homeowners Three Months Ended CMP Other Liability Auto Other Total Low-value Dwelling Wind- exposed Auto Total Corporate & Other Total Gross written premiums $ 9,662 $ 2,298 $ 2,676 $ 1,106 $ 15,742 $ 1,588 $ 3,067 $ 807 $ 5,462 $ — $ 21,204 Net written premiums $ 5,818 $ 1,426 $ 1,815 $ 795 $ 9,854 $ 1,011 $ 1,994 $ 807 $ 3,812 $ — $ 13,666 Net earned premiums $ 6,126 $ 1,222 $ 1,610 $ 530 $ 9,488 $ 1,488 $ 2,095 $ 1,422 $ 5,005 $ — $ 14,493 Other income 306 38 5 — 349 63 9 56 128 12 489 Segment revenue 6,432 1,260 1,615 530 9,837 1,551 2,104 1,478 5,133 12 14,982 Loss and loss adjustment expenses, net 3,780 454 1,065 18 5,317 872 882 1,499 3,253 — 8,570 Policy acquisition costs 1,119 208 330 81 1,738 394 225 238 857 — 2,595 Operating expenses 1,032 254 114 72 1,472 101 115 197 413 1,807 3,692 Segment expenses 5,931 916 1,509 171 8,527 1,367 1,222 1,934 4,523 1,807 14,857 Segment underwriting gain (loss) $ 501 $ 344 $ 106 $ 359 $ 1,310 $ 184 $ 882 $ (456 ) $ 610 $ (1,795 ) $ 125 Investment income 486 486 Net realized investment gains (losses) 145 145 Interest expense (244 ) (244 ) Income (loss) before income taxes $ (1,408 ) $ 512

Summary of Significant Accoun31

Summary of Significant Accounting Policies (Details Textual)	Jul. 22, 2015	Aug. 31, 2015$ / sharesshares	Mar. 31, 2016statebusiness	Sep. 29, 2015
Class of Stock [Line Items]
Number of operating segments | business			2
Number of states in which entity operates | state			50
Stock split conversion ratio	10.2
Ownership percentage				50.00%
IPO [Member]
Class of Stock [Line Items]
Stock issued during period (shares)		3,300,000
Price per share (in dollars per share) | $ / shares		$ 10.50
IPO [Member] | Chief Executive Officer [Member]
Class of Stock [Line Items]
Stock issued during period (shares)		100,000

Investments (Details Textual)

Investments (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Proceeds from sale of available for sale securities	$ 2.6	$ 2.3
Deposits held in trust accounts	$ 9.6		$ 8.9

Investments - Available-for-sal

Investments - Available-for-sale Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract]
Fixed maturity securities, amortized cost	$ 108,390	$ 107,213
Fixed maturity securities, gross unrealized gain	1,654	693
Fixed maturity securities, gross unrealized loss	(373)	(813)
Fixed maturity securities, Estimated Fair Value	109,671	107,093
Equity securities, amortized cost	3,339	3,341
Equity securities, gross unrealized gain	1,102	1,006
Equity securities, gross unrealized loss	(61)	(107)
Equity securities, Estimated Fair Value	4,380	4,240
Securities, cost or amortized cost	111,729	110,554
Securities, gross unrealized gain	2,756	1,699
Securities, gross unrealized loss	(434)	(920)
Securities, Estimated Fair Value	114,051	111,333
U.S. Government obligations [Member]
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract]
Fixed maturity securities, amortized cost	4,645	5,474
Fixed maturity securities, gross unrealized gain	64	47
Fixed maturity securities, gross unrealized loss	(2)	(13)
Fixed maturity securities, Estimated Fair Value	4,707	5,508
State and local government [Member]
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract]
Fixed maturity securities, amortized cost	14,058	14,391
Fixed maturity securities, gross unrealized gain	606	398
Fixed maturity securities, gross unrealized loss	(1)	(6)
Fixed maturity securities, Estimated Fair Value	14,663	14,783
Corporate debt [Member]
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract]
Fixed maturity securities, amortized cost	40,191	39,183
Fixed maturity securities, gross unrealized gain	454	84
Fixed maturity securities, gross unrealized loss	(333)	(483)
Fixed maturity securities, Estimated Fair Value	40,312	38,784
Commercial mortgage and asset-backed [Member]
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract]
Fixed maturity securities, amortized cost	49,496	48,165
Fixed maturity securities, gross unrealized gain	530	164
Fixed maturity securities, gross unrealized loss	(37)	(311)
Fixed maturity securities, Estimated Fair Value	49,989	48,018
Common stocks - Public Utilities [Member]
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract]
Equity securities, amortized cost	190	122
Equity securities, gross unrealized gain	46	20
Equity securities, gross unrealized loss	0	(1)
Equity securities, Estimated Fair Value	236	141
Common stocks - Banks, Trusts and Insurance Companies [Member]
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract]
Equity securities, amortized cost	523	503
Equity securities, gross unrealized gain	157	150
Equity securities, gross unrealized loss	(8)	(7)
Equity securities, Estimated Fair Value	672	646
Common stocks - Industrial, miscellaneous and all other [Member]
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract]
Equity securities, amortized cost	2,626	2,716
Equity securities, gross unrealized gain	899	836
Equity securities, gross unrealized loss	(53)	(99)
Equity securities, Estimated Fair Value	$ 3,472	$ 3,453

Investments - Available-for-s34

Investments - Available-for-sale Securities in Unrealized Loss Positions (Details) $ in Thousands	Mar. 31, 2016USD ($)security	Dec. 31, 2015USD ($)security
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract]
Less than 12 months, number of issues | security	62	248
Greater than 12 months, number of issues | security	23	22
Number of Issues | security	85	270
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 months, fair value	$ 14,755	$ 60,349
Greater than 12 months, fair value	8,267	6,551
Fair Value	23,022	66,900
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Less than 12 months, unrealized losses	(362)	(781)
Greater than 12 months, unrealized losses	(72)	(139)
Unrealized losses	$ (434)	$ (920)
U.S. Government obligations [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract]
Less than 12 months, number of issues | security	2	7
Greater than 12 months, number of issues | security	2	2
Number of Issues | security	4	9
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 months, fair value	$ 1,330	$ 2,580
Greater than 12 months, fair value	685	679
Fair Value	2,015	3,259
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Less than 12 months, unrealized losses	(1)	(7)
Greater than 12 months, unrealized losses	(1)	(6)
Unrealized losses	$ (2)	$ (13)
State and local government [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract]
Less than 12 months, number of issues | security	3	8
Greater than 12 months, number of issues | security	0	0
Number of Issues | security	3	8
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 months, fair value	$ 499	$ 2,688
Greater than 12 months, fair value	0	0
Fair Value	499	2,688
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Less than 12 months, unrealized losses	(1)	(6)
Greater than 12 months, unrealized losses	0	0
Unrealized losses	$ (1)	$ (6)
Corporate debt [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract]
Less than 12 months, number of issues | security	22	80
Greater than 12 months, number of issues | security	10	12
Number of Issues | security	32	92
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 months, fair value	$ 8,736	$ 21,760
Greater than 12 months, fair value	3,251	3,618
Fair Value	11,987	25,378
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Less than 12 months, unrealized losses	(304)	(438)
Greater than 12 months, unrealized losses	(29)	(45)
Unrealized losses	$ (333)	$ (483)
Commercial mortgage and asset-backed [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract]
Less than 12 months, number of issues | security	10	67
Greater than 12 months, number of issues | security	9	5
Number of Issues | security	19	72
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 months, fair value	$ 3,667	$ 32,539
Greater than 12 months, fair value	4,255	2,175
Fair Value	7,922	34,714
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Less than 12 months, unrealized losses	(7)	(258)
Greater than 12 months, unrealized losses	(30)	(53)
Unrealized losses	$ (37)	$ (311)
Fixed maturity securities [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract]
Less than 12 months, number of issues | security	37	162
Greater than 12 months, number of issues | security	21	19
Number of Issues | security	58	181
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 months, fair value	$ 14,232	$ 59,567
Greater than 12 months, fair value	8,191	6,472
Fair Value	22,423	66,039
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Less than 12 months, unrealized losses	(313)	(709)
Greater than 12 months, unrealized losses	(60)	(104)
Unrealized losses	$ (373)	$ (813)
Common Stock [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract]
Less than 12 months, number of issues | security	25	86
Greater than 12 months, number of issues | security	2	3
Number of Issues | security	27	89
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 months, fair value	$ 523	$ 782
Greater than 12 months, fair value	76	79
Fair Value	599	861
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Less than 12 months, unrealized losses	(49)	(72)
Greater than 12 months, unrealized losses	(12)	(35)
Unrealized losses	$ (61)	$ (107)

Investments - Net Investment In

Investments - Net Investment Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Net Investment Income [Line Items]
Investment income	$ 614	$ 556
Investment expenses	(77)	(70)
Net investment income	537	486
Fixed maturity securities [Member]
Net Investment Income [Line Items]
Investment income	586	531
Equity securities [Member]
Net Investment Income [Line Items]
Investment income	26	23
Cash and short-term investments [Member]
Net Investment Income [Line Items]
Investment income	$ 2	$ 2

Investments - Gross Realized Ga

Investments - Gross Realized Gains and Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Net realized investment gains	$ (8)	$ 145
Fixed maturity securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross realized gains	16	68
Gross realized losses	(6)	(3)
Net realized investment gains	10	65
Equity securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross realized gains	56	99
Gross realized losses	(74)	(19)
Net realized investment gains	$ (18)	$ 80

Investments - Available-for-s37

Investments - Available-for-sale Fixed Maturity Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Amortized Cost
Due in one year or less, amortized cost	$ 6,018
Due after one year through five years, amortized cost	35,972
Due after five years through ten years, amortized cost	8,791
Due after ten years, amortized cost	8,113
Securities with contractual maturities, amortized cost	58,894
Commercial mortgage and asset-backed, amortized cost	49,496
Fixed maturity securities, amortized cost	108,390	$ 107,213
Estimated Fair Value
Due in one year or less, fair value	6,028
Due after one year through five years, fair value	36,293
Due after five years through ten years, fair value	9,033
Due after ten years, fair value	8,328
Securities with contractual maturities, fair value	59,682
Commercial mortgage and asset-backed, fair value	49,989
Fixed maturity securities	$ 109,671	$ 107,093

Fair Value Measurements (Detail

Fair Value Measurements (Details Textual)	Mar. 31, 2016
Level 1 [Member]
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Investment Portfolio Percentage	8.00%
Level 2 [Member]
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Investment Portfolio Percentage	92.00%

Fair Value Measurements - Finan

Fair Value Measurements - Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	$ 109,671	$ 107,093
Equity securities	4,380	4,240
Short-term investments	5,142	6,391
Total assets measured at fair value	119,193	117,724
Total liabilities measured at fair value	13,250	12,750
Senior debt [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior debt	13,250	12,750
Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	5,142	6,391
Total assets measured at fair value	9,522	10,631
Total liabilities measured at fair value		0
Level 1 [Member] | Senior debt [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior debt		0
Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total assets measured at fair value	109,671	107,093
Total liabilities measured at fair value	13,250	12,750
Level 2 [Member] | Senior debt [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior debt	13,250	12,750
Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total liabilities measured at fair value		0
Level 3 [Member] | Senior debt [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior debt		0
U.S. Government obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	4,707	5,508
U.S. Government obligations [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	4,707	5,508
State and local government [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	14,663	14,783
State and local government [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	14,663	14,783
Corporate debt [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	40,312	38,784
Corporate debt [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	40,312	38,784
Commercial mortgage and asset-backed [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	49,989	48,018
Commercial mortgage and asset-backed [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	49,989	48,018
Fixed maturity securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	109,671	107,093
Fixed maturity securities [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturity securities	109,671	107,093
Equity Securities, common stock [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities	4,380	4,240
Equity Securities, common stock [Member] | Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities	$ 4,380	$ 4,240

Deferred Policy Acquisition C40

Deferred Policy Acquisition Costs - Activity in Deferred Policy Acquisition Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance at beginning of period	$ 12,102	$ 5,679
Deferred policy acquisition costs	6,122	3,036
Amortization of policy acquisition costs	(6,003)	(2,595)
Net change	119	441
Balance at end of period	$ 12,221	$ 6,120

Unpaid Losses and Loss Adjust41

Unpaid Losses and Loss Adjustment Expenses (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior Year Claims and Claims Adjustment Expense	$ 1,587	$ 35
Homeowners Line [Member]
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior Year Claims and Claims Adjustment Expense	758
Commercial Automobile Line [Member]
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior Year Claims and Claims Adjustment Expense	858	195
Commercial Multi-peril [Member]
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior Year Claims and Claims Adjustment Expense	(271)
Personal Automobile Line [Member]
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior Year Claims and Claims Adjustment Expense	547	69
Workers’ Compensation Line [Member]
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior Year Claims and Claims Adjustment Expense	$ (253)	$ (207)

Unpaid Losses and Loss Adjust42

Unpaid Losses and Loss Adjustment Expenses - Changes in the Liability for Unpaid Losses and Loss Adjustment Expenses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Gross reserves - beginning of period	$ 35,422	$ 31,531
Less: reinsurance recoverables on unpaid losses	5,405	3,224
Net reserves - beginning of period	30,017	28,307
Loss and loss adjustment expenses:
Current period	11,112	8,535
Prior period	1,587	35
Net Loss and loss adjustment expenses	12,699	8,570
Deduct: loss and loss adjustment expense payments, net of reinsurance:
Current period	1,999	1,765
Prior period	7,244	6,715
Total net loss and loss adjustment expense payments	9,243	8,480
Net reserves - end of period	33,473	28,397
Plus: reinsurance recoverables on unpaid losses	5,015	4,590
Gross reserves - end of period	$ 38,488	$ 32,987

Reinsurance (Details Textual)

Reinsurance (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Maximum [Member]
Effects of Reinsurance [Line Items]
Amount retained (excess of)	$ 500,000	$ 500,000

Reinsurance - Effects of Reinsu

Reinsurance - Effects of Reinsurance and Assumption Transactions (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Written premiums:
Direct	$ 21,600	$ 21,119
Assumed	3,793	85
Ceded	(3,343)	(7,538)
Net written premiums	22,050	13,666
Earned premiums:
Direct	22,241	19,301
Assumed	1,305	1,673
Ceded	(3,437)	(6,481)
Net earned premiums	20,109	14,493
Loss and loss adjustment expenses:
Direct	13,939	9,652
Assumed	909	794
Ceded	(2,149)	(1,876)
Net Loss and loss adjustment expenses	$ 12,699	$ 8,570

Senior Debt (Details Textual)

Senior Debt (Details Textual)	3 Months Ended
	Mar. 31, 2016USD ($)debt_instrument
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Remaining borrowing capacity	$ 13,000,000
Secured Debt [Member]
Debt Instrument [Line Items]
Number of debt instruments | debt_instrument	3
Secured Debt [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 17,500,000
Term Note [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Face amount of debt instrument	$ 5,000,000
Term of debt instrument	5 years
2014 Term Note [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Face amount of debt instrument	$ 7,500,000
Term of debt instrument	5 years

Senior Debt - Outstanding Senio

Senior Debt - Outstanding Senior Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Debt	$ 13,250	$ 12,750
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt	4,500	3,500
Term Note [Member]
Debt Instrument [Line Items]
Debt	2,500	2,750
2014 Term Note [Member]
Debt Instrument [Line Items]
Debt	$ 6,250	$ 6,500

Shareholders' Equity (Details T

Shareholders' Equity (Details Textual) - USD ($)	Feb. 25, 2016	Mar. 31, 2016
Equity, Class of Treasury Stock [Line Items]
Stock repurchased during period, value		$ 231,000
Stock Repurchase Program, February 2016 [Member]
Equity, Class of Treasury Stock [Line Items]
Authorized amount of stock repurchase program	$ 2,100,000
Stock repurchase program, period	1 year
Common Stock [Member]
Equity, Class of Treasury Stock [Line Items]
Stock repurchased during period, shares		33,833
Stock repurchased during period, value		$ 231,000

Other Comprehensive Income (L48

Other Comprehensive Income (Loss) - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	$ 77,262	$ 44,159	$ 51,874
Other comprehensive income before reclassifications	1,459	703
Amounts reclassified from accumulated other comprehensive income (loss)	83	(217)
Net current period other comprehensive income (loss)	1,542	486	(1,462)
Balance at end of period	76,749	51,874	77,262
AOCI Including Portion Attributable to Noncontrolling Interest [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	182	1,158	1,644
Balance at end of period	$ 1,724	$ 1,644	$ 182

Earnings Per Share - Basic and

Earnings Per Share - Basic and Diluted Income (Loss) Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Earnings Per Share [Abstract]
Net income (loss) attributable to Conifer	$ (2,028)	$ 463
Preferred stock dividends	0	152	$ 232
Paid-in-kind dividends	0	61	$ 0
Net income (loss) allocable to common shareholders	$ (2,028)	$ 250
Weighted average common shares outstanding, basic and diluted	7,638,780	4,040,872
Earnings (loss) per share allocable to common, basic and diluted (in dollars per share)	$ (0.27)	$ 0.06

Stock-based Compensation (Detai

Stock-based Compensation (Details Textual) - 2015 Omnibus Incentive Plan [Member] - Restricted Stock Units (RSUs) [Member] - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted in period		390,352
Stock granted, value		$ 4,100
Share-based compensation expense	$ 204
Share-based compensation expense not yet recognized	$ 3,600

Segment Information (Details Te

Segment Information (Details Textual) - business	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting Information [Line Items]
Number of reportable segments	2
Gross Written Premiums [Member] | Geographic Concentration Risk [Member] | Florida, Michigan, Pennsylvania and Texas [Member]
Segment Reporting Information [Line Items]
Concentration risk	70.00%	69.00%
Net Earned Premiums [Member] | Commercial Lines [Member]
Segment Reporting Information [Line Items]
Concentration risk	76.00%	65.00%
Net Earned Premiums [Member] | Personal Lines [Member]
Segment Reporting Information [Line Items]
Concentration risk	24.00%	35.00%

Segment Information - Informati

Segment Information - Information by Reportable Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting Information [Line Items]
Gross earned premiums	$ 23,546	$ 20,974
Net written premiums	22,050	13,666
Net earned premiums	20,109	14,493
Other income	245	489
Total revenue	20,883	15,613
Losses and loss adjustment expenses, net	12,699	8,570
Policy acquisition costs	6,003	2,595
Operating expenses	4,139	3,692
Total expenses	22,998	15,101
Net investment income	537	486
Net realized investment gains (losses)	(8)	145
Interest expense	(157)	(244)
Income (loss) before income taxes	(2,115)	512
Operating Segments [Member]
Segment Reporting Information [Line Items]
Gross earned premiums	25,393	21,204
Net written premiums	22,050	13,666
Net earned premiums	20,109	14,493
Other income	245	489
Total revenue	20,354	14,982
Losses and loss adjustment expenses, net	12,699	8,570
Policy acquisition costs	6,003	2,595
Operating expenses	4,139	3,692
Total expenses	22,841	14,857
Segment underwriting gain (loss)	(2,487)	125
Operating Segments [Member] | Commercial Lines [Member]
Segment Reporting Information [Line Items]
Gross earned premiums	19,144	15,742
Net written premiums	16,986	9,854
Net earned premiums	15,279	9,488
Other income	98	349
Total revenue	15,377	9,837
Losses and loss adjustment expenses, net	8,635	5,317
Policy acquisition costs	4,388	1,738
Operating expenses	1,734	1,472
Total expenses	14,757	8,527
Segment underwriting gain (loss)	620	1,310
Operating Segments [Member] | Commercial Lines [Member] | Commercial Multi-peril [Member]
Segment Reporting Information [Line Items]
Gross earned premiums	12,121	9,662
Net written premiums	10,599	5,818
Net earned premiums	9,438	6,126
Other income	60	306
Total revenue	9,498	6,432
Losses and loss adjustment expenses, net	4,402	3,780
Policy acquisition costs	2,843	1,119
Operating expenses	1,247	1,032
Total expenses	8,492	5,931
Segment underwriting gain (loss)	1,006	501
Operating Segments [Member] | Commercial Lines [Member] | Other Liability [Member]
Segment Reporting Information [Line Items]
Gross earned premiums	3,400	2,298
Net written premiums	3,084	1,426
Net earned premiums	2,357	1,222
Other income	33	38
Total revenue	2,390	1,260
Losses and loss adjustment expenses, net	1,489	454
Policy acquisition costs	732	208
Operating expenses	249	254
Total expenses	2,470	916
Segment underwriting gain (loss)	(80)	344
Operating Segments [Member] | Commercial Lines [Member] | Auto [Member]
Segment Reporting Information [Line Items]
Gross earned premiums	2,531	2,676
Net written premiums	2,265	1,815
Net earned premiums	2,588	1,610
Other income	5	5
Total revenue	2,593	1,615
Losses and loss adjustment expenses, net	2,498	1,065
Policy acquisition costs	661	330
Operating expenses	131	114
Total expenses	3,290	1,509
Segment underwriting gain (loss)	(697)	106
Operating Segments [Member] | Commercial Lines [Member] | Other [Member]
Segment Reporting Information [Line Items]
Gross earned premiums	1,092	1,106
Net written premiums	1,038	795
Net earned premiums	896	530
Other income	0	0
Total revenue	896	530
Losses and loss adjustment expenses, net	246	18
Policy acquisition costs	152	81
Operating expenses	107	72
Total expenses	505	171
Segment underwriting gain (loss)	391	359
Operating Segments [Member] | Personal Lines [Member]
Segment Reporting Information [Line Items]
Gross earned premiums	6,249	5,462
Net written premiums	5,064	3,812
Net earned premiums	4,830	5,005
Other income	132	128
Total revenue	4,962	5,133
Losses and loss adjustment expenses, net	4,064	3,253
Policy acquisition costs	1,615	857
Operating expenses	669	413
Total expenses	6,348	4,523
Segment underwriting gain (loss)	(1,386)	610
Operating Segments [Member] | Personal Lines [Member] | Auto [Member]
Segment Reporting Information [Line Items]
Gross earned premiums	1	807
Net written premiums	1	807
Net earned premiums	2	1,422
Other income	0	56
Total revenue	2	1,478
Losses and loss adjustment expenses, net	546	1,499
Policy acquisition costs	0	238
Operating expenses	32	197
Total expenses	578	1,934
Segment underwriting gain (loss)	(576)	(456)
Operating Segments [Member] | Personal Lines [Member] | Low-value Dwelling [Member]
Segment Reporting Information [Line Items]
Gross earned premiums	2,311	1,588
Net written premiums	2,031	1,011
Net earned premiums	1,761	1,488
Other income	112	63
Total revenue	1,873	1,551
Losses and loss adjustment expenses, net	1,140	872
Policy acquisition costs	582	394
Operating expenses	355	101
Total expenses	2,077	1,367
Segment underwriting gain (loss)	(204)	184
Operating Segments [Member] | Personal Lines [Member] | Wind-exposed Homeowners [Member]
Segment Reporting Information [Line Items]
Gross earned premiums	3,937	3,067
Net written premiums	3,032	1,994
Net earned premiums	3,067	2,095
Other income	20	9
Total revenue	3,087	2,104
Losses and loss adjustment expenses, net	2,378	882
Policy acquisition costs	1,033	225
Operating expenses	282	115
Total expenses	3,693	1,222
Segment underwriting gain (loss)	(606)	882
Operating Segments [Member] | Corporate and Other [Member]
Segment Reporting Information [Line Items]
Gross earned premiums	0	0
Net written premiums	0	0
Net earned premiums	0	0
Other income	15	12
Total revenue	15	12
Losses and loss adjustment expenses, net	0	0
Policy acquisition costs	0	0
Operating expenses	1,736	1,807
Total expenses	1,736	1,807
Segment underwriting gain (loss)	(1,721)	(1,795)
Corporate [Member]
Segment Reporting Information [Line Items]
Net investment income	537	486
Net realized investment gains (losses)	(8)	145
Interest expense	(157)	(244)
Income (loss) before income taxes	$ (1,349)	$ (1,408)