Presurance Holdings Reports 2026 Third Quarter Financial Results

Nine-month net income turned positive, but third-quarter underwriting remained loss-making despite improvement from a year earlier.

Rhea-AI Summary

Presurance Holdings (PRHI) reported a third-quarter net loss of $1.622 million, narrowing from the loss in the prior-year quarter. Loss per share was $0.43 versus $2.27. Gross written premiums fell 57.8% to $6.173 million, while net earned premiums rose 23.7% to $8.437 million.

The overall combined ratio improved to 113.2% from 141.2%, still indicating an underwriting loss; a ratio below 100% indicates underwriting profit. Personal Lines improved to 82.7% from 95.2%. Reserve strengthening largely reflected adverse development in the discontinued Security Guard business.

For the first nine months, net income reached $3.536 million, versus a $1.397 million loss, and the overall combined ratio improved to 97.1% from 133.7%. Book value per share was $6.45 at September 30, versus $14.49 a year earlier. Following Midwest non-renewals, the Personal Lines portfolio consists exclusively of Texas homeowners policies going forward.

16 points · 0 major

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2 major · 18 points

How the balance works

Positive

• Moderate pointNine-month net income reached $3.536 million, or $1.06 per share, versus a $1.397 million loss, or $0.80.
• Moderate pointOverall combined ratio improved to 97.1% for nine months, from 133.7%, indicating underwriting profit.
• Moderate pointQ3 net earned premiums increased 23.7% to $8.437 million from $6.821 million.
• Moderate pointNine-month net written premiums increased 52.8% to $26.962 million from $17.650 million.
• Moderate pointNine-month adjusted operating loss narrowed to $1.199 million from $8.460 million.
• Moderate pointNine-month overall accident-year combined ratio, excluding prior-year reserve changes, improved to 102.8% from 120.4%.

10 minor points

• Minor pointQ3 net loss narrowed to $1.622 million, or $0.43 per share, from $3.970 million, or $2.27.
• Minor pointQ3 overall combined ratio improved to 113.2% from 141.2%, although it still indicated an underwriting loss.
• Minor pointPersonal Lines combined ratio improved to 82.7% in Q3 from 95.2%, and 91.0% for nine months from 119.3%.
• Minor pointQ3 adjusted operating loss, a non-GAAP measure, narrowed to $1.583 million from $2.706 million.
• Minor pointPersonal Lines Q3 net earned premiums rose 39.6% to $8.444 million from $6.050 million.
• Minor pointPersonal Lines nine-month net written premiums rose 40.6% to $26.980 million from $19.191 million.
• Minor pointPersonal Lines nine-month accident-year combined ratio improved to 92.5% from 113.3%.
• Minor pointPrior-year reserve development contributed −5.7% to the nine-month overall combined ratio, versus 13.3% a year earlier.
• Minor pointPersonal Lines prior-year reserve development contributed −8.7% in Q3 versus 4.4%; nine-month contribution was −1.5% versus 6.0%.
• Minor pointNine-month equity investment fair-value change was a $111,000 gain, versus a $244,000 loss.

Negative

• Major pointBook value per share fell to $6.45 at September 30, 2026, from $14.49 a year earlier.
• Major pointWeighted average shares increased to 3,746,092 in Q3 and 3,321,202 for nine months, versus 1,746,125 in each prior-year period.
• Moderate pointGross written premiums fell 57.8% to $6.173 million in Q3 and 40.8% to $30.712 million for nine months.
• Moderate pointLegacy Commercial Lines reserve strengthening largely reflected adverse development in the discontinued Security Guard business.
• Moderate pointQ3 net written premiums declined 22.0% to $4.235 million from $5.427 million.
• Moderate pointNine-month net earned premiums declined 20.7% to $21.170 million from $26.700 million.
• Moderate pointQ3 overall accident-year combined ratio worsened to 100.5% from 99.3%.
• Moderate pointCommercial Lines remains in runoff, with no ongoing new business production.
• Moderate pointNine-month warrant accretion associated with the Series B Preferred Stock payoff was $946,000, versus zero. 3.4% of market cap

9 minor points

• Minor pointNet investment income fell 13.3% to $1.128 million in Q3 and 15.7% to $3.278 million for nine months.
• Minor pointPersonal Lines gross written premiums fell 44.6% to $6.181 million in Q3 and 28.8% to $30.741 million for nine months.
• Minor pointPersonal Lines Q3 net written premiums declined 13.7% to $4.257 million from $4.932 million.
• Minor pointPersonal Lines nine-month net earned premiums declined 13.2% to $20.939 million from $24.130 million.
• Minor pointPersonal Lines Q3 accident-year combined ratio worsened to 91.4% from 90.8%.
• Minor pointQ3 prior-year reserve development added 12.7% to the overall combined ratio, down from 41.9% a year earlier.
• Minor pointCommercial Lines net earned premiums were −$7,000 in Q3 versus $771,000; nine-month premiums were $231,000 versus $2.570 million.
• Minor pointNet realized investment losses were $39,000 in Q3 versus a $4,000 gain; nine-month losses widened to $140,000 from $21,000.
• Minor pointQ3 equity investment fair-value change was zero, versus a $13,000 gain a year earlier.

Key Figures

Q3 Personal Lines combined ratio: 82.7% vs. 95.2% YTD Personal Lines combined ratio: 91.0% vs. 119.3% YTD overall underwriting combined ratio: 97.1% vs. 133.7% +5 more

Q3 Personal Lines combined ratio

82.7% vs. 95.2%

Q3 2026 vs. Q3 2025

YTD Personal Lines combined ratio

91.0% vs. 119.3%

Nine months ended September 30, 2026 vs. 2025

YTD overall underwriting combined ratio

97.1% vs. 133.7%

Nine months ended September 30, 2026 vs. 2025

Q3 overall underwriting combined ratio

113.2% vs. 141.2%

Q3 2026 vs. Q3 2025

Net loss allocable to common shareholders

$1.6 million loss; $0.43 per share

Q3 2026

Adjusted operating loss

$1.6 million; $0.42 per share vs. $2.7 million; $1.55 per share

Q3 2026 vs. Q3 2025

Net income

$3,536 thousand vs. $(1,397) thousand

Nine months ended September 30, 2026 vs. 2025

Book value per common share

$6.45 vs. $14.49

As of September 30, 2026 vs. September 30, 2025

Previous Earnings Reports

3 past events · Latest: Aug 12

Same Type 3 events

1. Aug 12

   earnings report

   24h Move

   +29.0%

   Personal-lines combined ratio was 95.4%; the reported Q2 consolidated ratio was 69.5%.

2. May 13

   earnings report

   24h Move

   +0.0%

   Personal-lines combined ratio was 97.9%; the overall ratio improved to 105.7%.

3. Nov 12

   earnings report

   24h Move

   -4.3%

   Personal-lines combined ratio was 95.2%, while the overall ratio was 141.2%.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

combined ratio, loss ratio, expense ratio, non-gaap, +1 more

5 terms

combined ratio financial

"Combined ratio for Q3 2026 improved to 82.7% from 95.2%"

The combined ratio is a way insurance companies measure how well they are doing by adding up all their costs and claims and comparing them to the money they earn from premiums. If the ratio is below 100%, it means the company is making a profit; if it's above 100%, they are losing money. It helps see if an insurance company is financially healthy or not.

loss ratio financial

"The loss ratio is the ratio, expressed as a percentage, of net losses"

Loss ratio is the percentage of an insurer’s collected premiums that is paid out to cover claims and related costs, showing how much of customer payments are used to settle losses. Investors treat it like a fuel-efficiency gauge for an insurance business—lower loss ratios suggest pricing and risk selection leave more room for profit, while consistently high ratios signal weak pricing, rising claims, or not enough money set aside, which can hurt returns.

expense ratio financial

"The expense ratio is the ratio, expressed as a percentage, of policy acquisition costs"

The expense ratio is the annual fee a mutual fund or exchange-traded fund charges to cover its operating costs, shown as a percentage of the fund’s assets. Think of it like a yearly maintenance or subscription fee that quietly reduces your investment’s returns; even small differences matter over time because the fee compounds against your gains. Investors compare expense ratios to judge how much of their returns will be eaten by fund costs.

View in glossary

non-gaap financial

"Adjusted operating income (loss), a non-GAAP measure"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

View in glossary

gaap financial

"Presurance prepares its public financial statements in conformity with accounting principles"

GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.

View in glossary

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TROY, Mich., Nov. 12, 2026 (GLOBE NEWSWIRE) -- Presurance Holdings, Inc. (Nasdaq: PRHI) (“Presurance” or the “Company”) today reported financial results for the third quarter and nine months ended September 30, 2026.

Third Quarter & YTD 2026 Financial Highlights

• Personal Lines Business Continues to Generate Profitable Underwriting Results
  • Combined ratio for Q3 2026 improved to 82.7% from 95.2% in the prior year period.
  • YTD 2026 combined ratio of 91.0%; a significant improvement from 119.3% for the first nine months of 2025.
• Improved YTD Overall Underwriting Performance
  • Overall underwriting combined ratio improved to 97.1% for the nine months ending September 30, 2026, compared to 133.7% in the prior-year period.
• Book value is now $6.45 per share as of September 30, 2026.
  
  

Management Comments

“During the third quarter, we continued to execute our overall strategic priorities while addressing the remaining obligations associated with our legacy portfolio,” said Brian Roney, Chief Executive Officer of Presurance Holdings, Inc. “We are pleased to report lessening legacy impacts, as our ongoing core Personal Lines business continues to perform profitably.”

2026 Third Quarter Financial Results Overview

	At and for the Three Months Ended September 30,											At and for the Nine Months Ended September 30,
		2026				2025			% Change				2026				2025			% Change
	(dollars in thousands, except share and per share amounts)
Gross written premiums	$	6,173			$	14,642			-57.8	%		$	30,712			$	51,894			-40.8	%
Net written premiums		4,235				5,427			-22.0	%			26,962				17,650			52.8	%
Net earned premiums		8,437				6,821			23.7	%			21,170				26,700			-20.7	%
Net investment income		1,128				1,301			-13.3	%			3,278				3,888			-15.7	%
Net realized investment gains (losses)		(39	)			4			**				(140	)			(21	)		**
Change in fair value of equity investments		-				13			**				111				(244	)		**
Net income (loss)		(1,622	)			(3,970	)		59.1	%			3,536				(1,397	)		**
Earnings (loss) per common share, basic and diluted	$	(0.43	)		$	(2.27	)		81.0	%		$	1.06			$	(0.80	)		**
Adjusted operating income (loss)*		(1,583	)			(2,706	)		41.5	%			(1,199	)			(8,460	)		85.8	%
Adjusted operating income (loss) per share, diluted*	$	(0.42	)		$	(1.55	)		72.9	%		$	(0.36	)		$	(4.85	)		92.6	%
Book value per common share outstanding	$	6.45			$	14.49						$	6.45			$	14.49
Weighted average shares outstanding, basic and diluted		3,746,092				1,746,125							3,321,202				1,746,125
Underwriting ratios:
Loss ratio (1)		68.4	%			93.7	%						50.9	%			83.2	%
Expense ratio (2)		44.8	%			47.5	%						46.2	%			50.5	%
Combined ratio (3)		113.2	%			141.2	%						97.1	%			133.7	%
* 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.

2026 Third Quarter Gross Written Premium

Gross written premiums decreased 57.8% to $6.2 million in the third quarter of 2026, compared to $14.6 million in the third quarter of 2025. For the nine months ending September 30, 2026, gross written premiums decreased 40.8% to $30.7 million, compared to $51.9 million in the prior-year period.

The reduction in premium volume reflects the Company's continued emphasis on underwriting discipline, and selective risk acceptance in potentially softening market conditions. The Company remains focused on its personal lines homeowners business while continuing to manage its legacy Commercial Lines portfolio in runoff.

Certain reserve strengthening in the third quarter of 2026 was largely due to development experienced solely in the legacy run-off book of business.

Personal Lines Financial and Operational Review

Personal Lines Financial Review
	Three Months Ended September 30,											Nine Months Ended September 30,
		2026				2025			% Change				2026				2025			% Change
	(dollars in thousands)
Gross written premiums	$	6,181			$	11,159			-44.6	%		$	30,741			$	43,174			-28.8	%
Net written premiums		4,257				4,932			-13.7	%			26,980				19,191			40.6	%
Net earned premiums		8,444				6,050			39.6	%			20,939				24,130			-13.2	%
Underwriting ratios:
Loss ratio		46.9	%			51.9	%						55.4	%			68.2	%
Expense ratio		35.8	%			43.3	%						35.6	%			51.1	%
Combined ratio		82.7	%			95.2	%						91.0	%			119.3	%
Contribution to combined ratio from net
(favorable) adverse prior year development		-8.7	%			4.4	%						-1.5	%			6.0	%
Accident year combined ratio (1)		91.4	%			90.8	%						92.5	%			113.3	%
(1) The accident year combined ratio is the sum of the loss ratio and the expense ratio, less changes in net ultimate loss estimates from prior accident year loss reserves. The accident year combined ratio provides management with an assessment of the specific policy year's profitability and assists management in their evaluation of product pricing levels and quality of business written.

Personal Lines gross written premiums decreased 44.6% to $6.2 million in the third quarter of 2026, compared to $11.2 million in the third quarter of 2025. For the nine months ended September 30, 2026, Personal Lines gross written premiums decreased 28.8% to $30.7 million, compared to $43.2 million in the prior-year period.

Following the decision to non-renew its Midwest homeowners business, the Company's Personal Lines portfolio now consists exclusively of Texas homeowners policies going forward.

This transition further focuses the Company's geographic and underwriting footprint and reinforces its commitment to a dedicated operating model centered on disciplined risk selection and overall profitability.

Commercial Lines Financial and Operational Review

Commercial Lines Financial Review
	Three Months Ended September 30,								Nine Months Ended September 30,
		2026				2025				2026				2025
	(dollars in thousands)
Gross written premiums	$	(8	)		$	3,483			$	(29	)		$	8,720
Net written premiums		(22	)			495				(18	)			(1,541	)
Net earned premiums		(7	)			771				231				2,570
Underwriting ratios:
Loss ratio	*					420.4	%		*					224.1	%
Expense ratio	*					80.4	%		*					44.8	%
Combined ratio	*					500.8	%		*					268.9	%
Contribution to combined ratio from net
(favorable) adverse prior year development	*					335.7	%		*					81.5	%
Accident year combined ratio	*					165.1	%		*					187.4	%
* Percentage not meaningful

The Company's Commercial Lines portfolio remains in runoff, with no ongoing new business production. Reserve strengthening during the third quarter of 2026 was largely attributable to adverse development largely within the Company's discontinued Security Guard book of business.

Performance within this portfolio further underscores the importance of maintaining a disciplined approach to legacy exposures and active claims management of discontinued business. The Company remains focused on prudent reserve management, and reducing / mitigating the impact of historical Commercial Lines exposures on future financial results.

Combined Ratio Analysis

	Three Months Ended September 30,						Nine Months Ended September 30,
	2026			2025			2026			2025
Underwriting ratios:
Loss ratio	68.4	%		93.7	%		50.9	%		83.2	%
Expense ratio	44.8	%		47.5	%		46.2	%		50.5	%
Combined ratio	113.2	%		141.2	%		97.1	%		133.7	%
Contribution to combined ratio from net (favorable)
adverse prior year development	12.7	%		41.9	%		-5.7	%		13.3	%
Accident year combined ratio	100.5	%		99.3	%		102.8	%		120.4	%

The Company's underwriting combined ratio was 113.2% for the third quarter of 2026, compared to 141.2% for the same period in 2025, largely impacted by select reserve strengthening in the quarter.

For the nine months ended September 30, 2026, the Company's overall underwriting combined ratio improved significantly to 97.1%, compared to 133.7% in the prior-year period. This reflects continued progress in the Company's ongoing underwriting operations, partially offset by reserve strengthening associated with its discontinued Commercial Lines portfolio.

The year-to-date improvement reflects the continued benefit of the Company's refined underwriting strategy and more focused Personal Lines portfolio.

Net Investment Income

Net investment income was $1.1 million for the quarter ending September 30, 2026, compared to $1.3 million in the prior year period.

Change in Fair Value of Equity Securities

During the quarter, the Company reported no change in the fair value of its equity securities, compared to a gain of $13,000 in the prior year period.

Net Income (Loss) allocable to common shareholders

The Company reported a net loss allocable to common shareholders of $1.6 million, or $0.43 per share, for the third quarter of 2026.

Adjusted Operating Income (Loss)

The Company reported an adjusted operating loss of $1.6 million, or $0.42 per share, for the third quarter of 2026, compared to an adjusted operating loss of $2.7 million, or $1.55 per share, for the same period in 2025. For the nine months ended September 30, 2026, the Company reported an adjusted operating loss of $1.2 million, or $0.36 per share, compared to an adjusted operating loss of $8.5 million, or $4.85 per share for the same period in 2025. See Definitions of Non-GAAP Measures.

About Presurance Holdings

Presurance Holdings, Inc. is a specialty insurance property and casualty holding company with a focus on disciplined growth and long-term value creation. The Company trades on the Nasdaq Capital Market under the symbol PRHI. Additional information can be found on the Company’s website at IR.PREHLD.com.

Definitions of Non-GAAP Measures

Presurance prepares its public financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP). Statutory data is prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners' (NAIC) Accounting Practices and Procedures Manual and therefore is not reconciled to GAAP data.

We believe that investors’ understanding of the Company’s performance is enhanced by our disclosure of adjusted operating income. Our method of calculating this measure may differ from that used by other companies and therefore comparability may be limited. We define adjusted operating income (loss), a non-GAAP measure, as net income (loss) excluding: 1) net realized investment gains (losses), 2) change in fair value of equity securities, 3) change in fair value of contingent considerations, 4) contingent consideration bonus expense and 5) additional accretion of warrants from Series B Preferred Stock payoff. We use adjusted operating income as an internal performance measure in the management of our operations because we believe it gives our management and other users of our financial information useful insight into the results of our operations and underlying business performance.

Forward-Looking Statement

This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or forecasts of future events or our future financial or operating performance, and include the Company’s expectations regarding premiums, earnings, its capital position, expansion, and growth strategies. The forward-looking statements contained in this press release are based on management’s good-faith belief and reasonable judgment based on current information. The forward-looking statements are qualified by important factors, risks and uncertainties, many of which are beyond our control, that could cause our actual results to differ materially from those in the forward-looking statements, including those described in our Annual Report on Form 10-K (“Item 1A Risk Factors”) filed with the SEC on March 27, 2026, and subsequent reports filed with or furnished to the SEC. Any forward-looking statement made by us in this press release speaks only as of the date hereof or as of the date specified herein. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable laws or regulations.

Reconciliations of adjusted operating income (loss) and adjusted operating income (loss) per share: 

	Three Months Ended September 30,								Nine Months Ended September 30,
		2026				2025				2026				2025
	(dollar in thousands, except share and per share amounts)
Net income (loss)	$	(1,622	)		$	(3,970	)		$	3,536			$	(1,397	)
Less:
Net realized investment gains (losses)		(39	)			4				(140	)			(21	)
Change in fair value of equity securities		-				13				111				(244	)
Change in fair value of contingent considerations		-				(1,500	)			5,710				8,250
Contingent consideration bonus expense		-				219				-				(922	)
Additional accretion of warrants from Series B Preferred Stock payoff		-				-				(946	)			-
Impact of income tax expense (benefit) from adjustments *		-				-				-				-
Adjusted operating income (loss)	$	(1,583	)		$	(2,706	)		$	(1,199	)		$	(8,460	)
Weighted average common shares, diluted		3,746,092				1,746,125				3,321,202				1,746,125
Diluted income (loss) per common share:
Net income (loss)	$	(0.43	)		$	(2.27	)		$	1.06			$	(0.80	)
Less:
Net realized investment gains (losses)		(0.01	)			-				(0.04	)			(0.01	)
Change in fair value of equity securities		-				0.01				0.03				(0.14	)
Change in fair value of contingent considerations		-				(0.86	)			1.72				4.73
Contingent consideration bonus expense		-				0.13				-				(0.53	)
Additional accretion of warrants from Series B Preferred Stock payoff		-				-				(0.29	)			-
Impact of income tax expense (benefit) from adjustments *		-				-				-				-
Adjusted operating income (loss), per share	$	(0.42	)		$	(1.55	)		$	(0.36	)		$	(4.85	)
* The Company has recorded a full valuation allowance against its deferred tax assets as of September 30, 2026 and September 30, 2025, respectively. As a result, there were no taxable impacts to adjusted operating income (loss) from the adjustments to net income (loss) in the table above after taking into account the use of net operating losses and the change in the valuation allowance.

Presurance Holdings, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(dollars in thousands)
	September 30				December 31,
		2026				2025
Assets	(Unaudited)
Investment securities:
Debt securities, at fair value (amortized cost of $93,330 and	$	82,812			$	88,305
$96,669, respectively)
Equity securities, at fair value (cost of $1,184 and $1,276, respectively)		1,295				1,277
Short-term investments, at fair value		29,852				24,725
Total investments		113,959				114,307
Cash and cash equivalents		14,361				27,362
Premiums and agents' balances receivable, net		3,769				5,521
Reinsurance recoverables on unpaid losses		57,284				63,909
Reinsurance recoverables on paid losses		4,887				5,929
Prepaid reinsurance premiums		600				12,024
Deferred policy acquisition costs		5,152				2,696
Receivable from contingent consideration		-				4,290
Other assets		2,151				3,245
Total assets	$	202,163			$	239,283
Liabilities and Shareholders' Equity
Liabilities:
Unpaid losses and loss adjustment expenses	$	115,045			$	146,262
Unearned premiums		20,069				25,703
Reinsurance premiums payable		1,907				2,501
Debt		12,378				12,187
Mandatorily redeemable preferred stock		8,000				14,380
Funds held under reinsurance agreements		17,295				24,233
Accounts payable and other liabilities		3,304				5,051
Total liabilities		177,998				230,317
Commitments and contingencies		-				-
Shareholders' equity:
Common stock, no par value (100,000,000 shares authorized; 3,746,092 and
1,746,125 issued and outstanding, respectively)		113,935				100,158
Accumulated deficit		(79,250	)			(82,786	)
Accumulated other comprehensive income (loss)		(10,520	)			(8,406	)
Total shareholders' equity		24,165				8,966
Total liabilities and shareholders' equity	$	202,163			$	239,283

Presurance Holdings, Inc. and Subsidiaries
Condensed Consolidated Statements of Operations (Unaudited)
(dollars in thousands, except share and per share data)
	Three Months Ended								Nine Months Ended
	September 30,								September 30,
		2026				2025				2026				2025
Revenue and Other Income
Premiums
Gross earned premiums	$	10,391			$	17,015			$	36,344			$	49,617
Ceded earned premiums		(1,954	)			(10,194	)			(15,174	)			(22,917	)
Net earned premiums		8,437				6,821				21,170				26,700
Net investment income		1,128				1,301				3,278				3,888
Net realized investment gains (losses)		(39	)			4				(140	)			(21	)
Change in fair value of equity securities		-				13				111				(244	)
Other income		55				40				141				115
Change in fair value of contingent considerations		-				(1,500	)			5,710				8,250
Total revenue and other income		9,581				6,679				30,270				38,688
Expenses
Losses and loss adjustment expenses, net		5,769				6,389				10,770				22,227
Policy acquisition costs		2,662				1,895				6,146				6,859
Operating and other expenses		2,094				1,491				6,525				8,720
Interest expense		678				874				3,331				2,279
Total expenses		11,203				10,649				26,772				40,085
Income (loss) before income taxes		(1,622	)			(3,970	)			3,498				(1,397	)
Income tax expense (benefit)		-				-				(38	)			-
Net income (loss)	$	(1,622	)		$	(3,970	)		$	3,536			$	(1,397	)
Earnings (loss) per common share, basic and diluted	$	(0.43	)		$	(2.27	)		$	1.06			$	(0.80	)
Weighted average common shares outstanding,
basic and diluted		3,746,092				1,746,125				3,321,202				1,746,125

For Further Information:
Jessica Gulis, 248.509.9202
ir@prehld.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Presurance Holdings' third-quarter 2026 earnings?

Presurance reported a $1.622 million net loss, or $0.43 per share, compared with a $3.970 million loss, or $2.27 per share, in the third quarter of 2025. Its adjusted operating loss, a non-GAAP measure, was $1.583 million, or $0.42 per share.

Was Presurance Holdings' insurance underwriting profitable in the third quarter of 2026?

Overall underwriting was loss-making, with a 113.2% combined ratio, while Personal Lines was profitable at 82.7%. A combined ratio below 100% indicates underwriting profit; above 100% indicates an underwriting loss. The overall ratio improved from 141.2% in the prior-year quarter.

Why did Presurance Holdings' gross written premiums decline in 2026?

The company attributes the decline to underwriting discipline and selective risk acceptance in potentially softening market conditions. Gross written premiums decreased 57.8% in the third quarter and 40.8% for the first nine months compared with the corresponding 2025 periods.