Presurance Holdings, Inc 8-K, filed Aug 14, 2026

Presurance Holdings, Inc. (PRHI)

8-K 2026-08-14 For: 2026-08-12

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Added on August 14, 2026

About this 8-K

Presurance Holdings, Inc filed this 8-K on August 14, 2026, reporting on events of August 12, 2026.

Items reported

Item 2.02: Financial results
Item 9.01: Financial statements and exhibits

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Michigan	001-37536	27-1298795
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)


☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, no par value	PRHI	The Nasdaq Stock Market LLC
9.75% Senior Notes due 2028	PRHIZ	The Nasdaq Stock Market LLC


Exhibit 99.1	Press Release dated August 12, 2026
Exhibit 104	Cover Page Interactive Data File (embedded within the Inline XBRL document)


	Presurance Holdings, Inc.

Date: August 14, 2026	By:	/s/ BRIAN J. RONEY
		Brian J. Roney
		Chief Executive Officer


	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.



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	%



Commercial 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	$	(3	)	$	3,190		*	$	(21	)	$	5,237		*
Net written premiums		20			(433	)	*		4			(2,036	)	*
Net earned premiums		105			468		*		238			1,799			-86.8	%

Underwriting ratios:
Loss ratio	*				216.4	%		*				140.0	%
Expense ratio	*				40.9	%		*				29.5	%
Combined ratio	*				257.3	%		*				169.5	%


Contribution to combined ratio from net (favorable) adverse prior year development	*				26.7	%		*				-27.5	%

Accident year combined ratio (1)	*				230.6	%		*				197.0	%

(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.
* Percentage not meaningful


	Three Months Ended June 30,						Six Months Ended June 30,
	2026			2025			2026			2025

Underwriting ratios:
Loss ratio		24.6	%		68.8	%		39.3	%		79.7	%
Expense ratio		44.9	%		52.3	%		47.1	%		51.5	%
Combined ratio		69.5	%		121.1	%		86.4	%		131.2	%

Contribution to combined ratio from net (favorable)
adverse prior year development		-31.0	%		5.8	%		-17.9	%		3.5	%

Accident year combined ratio		100.5	%		115.3	%		104.3	%		127.7	%


Presurance Holdings, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(dollars in thousands)

	June 30,			December 31,
	2026			2025
Assets	(Unaudited)
Investment securities:
Debt securities, at fair value (amortized cost of $94,063 and $96,669, respectively)	$	85,556		$	88,305
Equity securities, at fair value (cost of $883 and $1,276, respectively)		995			1,277
Short-term investments, at fair value		28,389			24,725
Total investments		114,940			114,307

Cash and cash equivalents		12,798			27,362
Premiums and agents' balances receivable, net		5,562			5,521
Reinsurance recoverables on unpaid losses		60,410			63,909
Reinsurance recoverables on paid losses		6,170			5,929
Prepaid reinsurance premiums		3,244			12,024
Deferred policy acquisition costs		6,301			2,696
Receivable from contingent consideration		10,000			4,290
Other assets		3,049			3,245
Total assets	$	222,474		$	239,283

Liabilities and Shareholders' Equity
Liabilities:
Unpaid losses and loss adjustment expenses	$	125,242		$	146,262
Unearned premiums		24,288			25,703
Reinsurance premiums payable		-			2,501
Debt		12,314			12,187
Mandatorily redeemable preferred stock		8,000			14,380
Funds held under reinsurance agreements		20,040			24,233
Accounts payable and other liabilities		4,845			5,051
Total liabilities		194,729			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)		113,922			100,158
Accumulated deficit		(76,433	)		(81,591	)
Accumulated other comprehensive income (loss)		(9,744	)		(9,601	)
Total shareholders' equity		27,745			8,966
Total liabilities and shareholders' equity	$	222,474		$	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						Six Months Ended
		June 30,						June 30,
		2026			2025			2026				2025

	Revenue and Other Income
	Premiums
	Gross earned premiums	$	12,239		$	16,484		$	25,953		$	32,602
	Ceded earned premiums		(5,431	)		(6,920	)		(13,220	)		(12,723	)
	Net earned premiums		6,808			9,564			12,733			19,879
	Net investment income		1,040			1,298			2,150			2,587
	Net realized investment gains (losses)		(87	)		(28	)		(101	)		(25	)
	Change in fair value of equity securities		81			(65	)		111			(257	)
	Other income		80			10			86			75
	Change in fair value of contingent considerations		1,220			5,355			5,710			9,750
	Total revenue and other income		9,142			16,134			20,689			32,009

	Expenses
	Losses and loss adjustment expenses, net		1,672			6,564			5,001			15,838
	Policy acquisition costs		1,926			2,287			3,484			4,964
	Operating and other expenses		2,331			4,368			4,431			7,229
	Interest expense		677			864			2,653			1,405
	Total expenses		6,606			14,083			15,569			29,436

	Income (loss) before income taxes		2,536			2,051			5,120			2,573
	Income tax expense (benefit)		-			-			(38	)		-

	Net income (loss)	$	2,536		$	2,051		$	5,158		$	2,573

	Earnings (loss) per common share, basic and diluted	$	0.68		$	1.17		$	1.66		$	1.47

	Weighted average common shares outstanding, basic and diluted		3,746,114			1,746,125			3,105,236			1,746,125