--- title: "Presurance | 10-K: FY2025 Revenue: USD 43.3 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/280841378.md" datetime: "2026-03-27T20:14:57.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280841378.md) - [en](https://longbridge.com/en/news/280841378.md) - [zh-HK](https://longbridge.com/zh-HK/news/280841378.md) generator: "portal-rs" --- # Presurance | 10-K: FY2025 Revenue: USD 43.3 M Revenue: As of FY2025, the actual value is USD 43.3 M. EPS: As of FY2025, the actual value is USD -1.51. EBIT: As of FY2025, the actual value is USD -16.96 M. Presurance Holdings, Inc. has restructured its operations, ceasing commercial lines business as of December 31, 2025, to focus on specialty personal insurance lines, primarily homeowners insurance in Texas, Illinois, and Indiana. #### Segment Revenue - **Gross Written Premiums:** - Total: Decreased by $12.3 million (17.0%) to $59.8 million in 2025, from $72.1 million in 2024. - Commercial Lines: Decreased by $18.0 million (67.4%) to $8.7 million in 2025, from $26.7 million in 2024. - Personal Lines: Increased by $5.7 million (12.7%) to $51.1 million in 2025, from $45.4 million in 2024, driven by organic growth in the low-value dwelling book of business in Texas and the Midwest. - **Net Written Premiums:** Decreased by $28.0 million (56.7%) to $21.3 million in 2025, from $49.3 million in 2024, due to the run-off of commercial lines and a new 50% quota share agreement for homeowners business. - Commercial Lines: Decreased by $16.2 million (111.2%) to - $1.6 million in 2025, from $14.5 million in 2024. - Personal Lines: Decreased by $11.8 million (34.0%) to $23.0 million in 2025, from $34.8 million in 2024. - **Net Earned Premiums:** Decreased by $28.5 million (46.8%) to $32.4 million in 2025, from $60.9 million in 2024. - Commercial Lines: Decreased by $25.6 million (90.9%) to $2.6 million in 2025, from $28.2 million in 2024. - Personal Lines: Decreased by $2.9 million (8.8%) to $29.8 million in 2025, from $32.7 million in 2024. #### Operational Metrics - **Net Loss from Continuing Operations:** - $18.4 million in 2025, compared to - $34.2 million in 2024. - **Net Income from Discontinued Operations:** $0 in 2025, compared to $58.6 million in 2024. - **Net Loss:** - $18.4 million in 2025, compared to $24.3 million in 2024. - **Adjusted Operating Loss (Non-GAAP):** - $24.2 million in 2025, compared to - $34.6 million in 2024. - **Losses and Loss Adjustment Expenses (LAE), Net:** Decreased by $34.8 million (47.4%) to $38.5 million in 2025, from $73.3 million in 2024, primarily due to a $14.8 million decrease in current accident year losses and a $20.0 million decrease in adverse development on prior-year loss reserves. - Adverse Development: $13.7 million in 2025 ($11.2 million from commercial lines, $2.5 million from personal lines), compared to $33.7 million in 2024. - **Policy Acquisition Costs:** Decreased by $4.9 million (37.0%) to $8.4 million in 2025, from $13.3 million in 2024. - **Operating Expenses:** Decreased by $0.4 million (3.1%) to $11.5 million in 2025, from $11.8 million in 2024. - **Underwriting Gain (Loss):** - $25.9 million in 2025, compared to - $37.3 million in 2024. - Commercial Lines: - $14.7 million in 2025, compared to - $32.3 million in 2024. - Personal Lines: - $7.6 million in 2025, compared to - $1.9 million in 2024. - **Underwriting Ratios:** - Loss Ratio: 119.0% in 2025, compared to 120.2% in 2024. - Expense Ratio: Increased to 49.8% in 2025, from 35.8% in 2024, due to higher commission rates and lower net earned premiums against legacy operational costs. - Combined Ratio: Increased to 168.8% in 2025, from 156.0% in 2024. #### Cash Flow - **Cash Used in Operating Activities:** - $43.9 million in 2025, compared to - $32.7 million in 2024, mainly due to a $21.8 million decrease in net premiums collected, partially offset by an $11.8 million decrease in net losses paid. - **Cash Provided by Investing Activities:** $28.1 million in 2025, compared to $70.3 million in 2024, largely due to non-recurring CIS and SSU sales in 2024, partially offset by contingent consideration in 2025. - **Cash Provided by Financing Activities:** $15.5 million in 2025, compared to - $21.1 million used in 2024, driven by Series B and C Preferred Stock and stock warrants in 2025. #### Unique Metrics - **Contingent Consideration from CIS Sale:** A third contingent payment of $10.0 million from the CIS sale is expected by September 2026, with a fair value of $4.3 million as of December 31, 2025. - **Capital Contributions to Insurance Company Subsidiaries:** Presurance Holdings, Inc. contributed $16.0 million to Triassic Insurance Company (TIC) in Q4 2024 and Q1 2025, an additional $6.5 million in June 2025, and $3.0 million in February 2026. It also contributed its $7.6 million ownership interest in White Pine Insurance Company (WPIC) to TIC effective December 31, 2025. - **Risk-Based Capital (RBC) Ratio:** TIC’s RBC ratio was 236% in 2025 and 156% in 2024, requiring a remediation plan to its domiciliary regulator, with anticipated compliance by December 31, 2026. - **Net Investment Income:** $5.0 million in 2025, down from $5.8 million in 2024. - **Interest Expense:** $3.2 million in 2025, down from $4.9 million in 2024. - **Reinsurance Recoverables:** Net amount due from reinsurers was $79.4 million in 2025, down from $97.5 million in 2024. #### Outlook / Guidance Management believes the Company can meet its obligations over the next twelve months, supported by recent capital raises and anticipated revenue from TIC. The Company expects to continue writing Midwest and Texas homeowners programs but does not anticipate significant growth in these areas. While legacy operational costs are expected to reduce, there is no assurance of regaining Nasdaq compliance or avoiding the need for additional capital. ### Related Stocks - [PRHI.US](https://longbridge.com/en/quote/PRHI.US.md) ## Related News & Research - [Presurance Q2 net income rises 24% as underwriting improves](https://longbridge.com/en/news/295703255.md) - [2024 Lamborghini Revuelto listed at $200K, far below market value](https://longbridge.com/en/news/296401601.md) - [Nocera flags prior financial statements as unreliable, files restatement in SEC amendment](https://longbridge.com/en/news/296145907.md) - [Congressman Has Bought Nothing but Apple Since 2024, and It's All on Autopilot](https://longbridge.com/en/news/296533571.md) - [Public Storage Vs. Extra Space: A Dividend Comparison](https://longbridge.com/en/news/296515928.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**