SEC 8-K filings with transcript text
Aug 14, 2026
2 prhi-ex99_1.htm
News Release
For Further Information:
Jessica Gulis, 248.509.9202
ir@prehld.com
Presurance Holdings Reports 2026 Second Quarter Financial Results
Troy, MI, August 12, 2026 – Presurance Holdings, Inc. (Nasdaq: PRHI) (“Presurance” or the “Company”) today announced results for the second quarter and six months ended June 30, 2026.
First Half 2026 Financial Highlights
• Net income doubled to $5.2 million, or $1.66 per share, compared to $2.6 million, or $1.47 per share versus same period last year.
• Combined ratio improved to 86.4% from 131.2%.
• Book value is now $7.41 per share.
• Weighted average share count stands at 3,105,236.
Management Comments
Brian Roney, CEO of Presurance, commented, “Over the past 21 months under new leadership, we have begun to see the benefits of a changed management approach. We materially improved our underwriting results and delivered another profitable quarter for shareholders by strengthening both underwriting and claims management. These results reinforce our belief that disciplined operations, appropriate risk selection, and careful capital management are essential to driving future performance.”
Presurance Holdings, Inc. Page 2
August 12, 2026
2026 Second Quarter Financial Results Overview
At and for the Three Months Ended June 30,
At and for the Six Months Ended June 30,
2026
2025
% Change
2026
2025
% Change
(dollars in thousands, except share and per share amounts)
Gross written premiums
$
13,070
$
21,079
-38.0
%
$
24,539
$
37,252
-34.1
%
Net written premiums
16,652
1,383
**
22,727
12,223
85.9
%
Net earned premiums
6,808
9,564
-28.8
%
12,733
19,879
-35.9
%
Net investment income
1,040
1,298
-19.9
%
2,150
2,587
-16.9
%
Net realized investment gains (losses)
(87
)
(28
)
**
(101
)
(25
)
**
Change in fair value of equity securities
81
(65
)
**
111
(257
)
**
Net income (loss)
2,536
2,051
23.6
%
5,158
2,573
100.5
%
Earnings (loss) per common share, basic and diluted
$
0.68
$
1.17
-42.4
%
$
1.66
$
1.47
12.7
%
Adjusted operating income (loss)*
1,322
(2,070
)
**
384
(5,754
)
**
Adjusted operating income (loss) per share, diluted*
$
0.35
$
(1.19
)
**
$
0.12
$
(3.30
)
**
Book value per common share outstanding
$
7.41
$
16.15
$
7.41
$
16.15
Weighted average shares outstanding, basic and diluted
3,746,114
1,746,125
3,105,236
1,746,125
Underwriting ratios:
Loss ratio (1)
24.6
%
68.8
%
39.3
%
79.7
%
Expense ratio (2)
44.9
%
52.3
%
47.1
%
51.5
%
Combined ratio (3)
69.5
%
121.1
%
86.4
%
131.2
%
* The "Definitions of Non-GAAP Measures" section of this release defines and reconciles data that are not based on generally accepted accounting principles.
** Percentage is not meaningful
(1) The loss ratio is the ratio, expressed as a percentage, of net losses and loss adjustment expenses to net earned premiums.
(2) The expense ratio is the ratio, expressed as a percentage, of policy acquisition costs and segment operating expenses to net earned premiums.
(3) The combined ratio is the sum of the loss ratio and the expense ratio. A combined ratio under 100% indicates an underwriting profit. A combined ratio over 100% indicates an underwriting loss.
Presurance Holdings, Inc. Page 3
August 12, 2026
2026 Second Quarter Gross Written Premium
Gross written premiums declined significantly quarter over quarter, reflecting the Company’s continued focus on underwriting discipline and appropriate risk selection. The Company’s improved underwriting results demonstrate the early benefits of this strategy. Presurance has continued to reshape its underwriting portfolio toward select personal lines homeowners’ risks with attractive long-term characteristics, while moving away from previously written commercial lines risks that contributed substantially to prior losses.
Personal Lines Financial and Operational Review
Personal Lines Financial Review
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
% Change
2026
2025
% Change
(dollars in thousands)
Gross written premiums
$
13,073
$
17,889
-26.9
%
$
24,560
$
32,015
-23.3
%
Net written premiums
16,632
1,816
*
22,723
14,259
59.4
%
Net earned premiums
6,703
9,096
-26.3
%
12,495
18,080
-30.9
%
Underwriting ratios:
Loss ratio
60.2
%
61.2
%
61.1
%
73.7
%
Expense ratio
35.2
%
53.0
%
35.4
%
53.8
%
Combined ratio
95.4
%
114.2
%
96.5
%
127.5
%
Contribution to combined ratio from net (favorable) adverse prior year development
4.5
%
4.7
%
3.3
%
6.6
%
Accident year combined ratio
90.9
%
109.5
%
93.2
%
120.9
%
Continued improvement and sustained profitability in personal lines during the second quarter of 2026 further support the Company’s focus on earnings quality over scale. This strategy prioritizes business with attractive risk-adjuste
May 14, 2026
Mar 30, 2026
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