Conifer Holdings, Inc. provided earnings guidance for the second quarter ended June 30, 2023. The company expects pre-tax catastrophe losses of approximately $5.4 million during the second quarter ending June 30, 2023. These losses stemmed predominantly from the multiple convection storms that largely impacted Oklahoma and Texas in the second quarter.

As a result, the company expects to post a net loss of approximately $4.7 million in the period. Excluding the impact of these storm-related losses, in the second quarter of 2023, the Company estimates it would have posted net income of approximately $700,000.