--- title: "Presurance | 8-K: FY2026 Q1 Revenue: USD 11.55 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/286457010.md" datetime: "2026-05-14T19:26:23.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286457010.md) - [en](https://longbridge.com/en/news/286457010.md) - [zh-HK](https://longbridge.com/zh-HK/news/286457010.md) --- # Presurance | 8-K: FY2026 Q1 Revenue: USD 11.55 M Revenue: As of FY2026 Q1, the actual value is USD 11.55 M. EPS: As of FY2026 Q1, the actual value is USD 0.15. EBIT: As of FY2026 Q1, the actual value is USD 6.536 M. ### First Quarter 2026 Financial Highlights - **Net Income**: Presurance Holdings, Inc. reported net income of $2.6 million for the first quarter of 2026, compared to net income of $522,000 in the prior year period . - **Personal Lines Combined Ratio**: The combined ratio in personal lines improved to 97.9% in the first quarter of 2026, compared to 140.9% in the first quarter of 2025 . - **Overall Loss Ratio**: The overall loss ratio significantly improved to 56.2%, compared to 89.7% in the prior year period . ### 2026 First Quarter Financial Results Overview (Three Months Ended March 31) - **Gross Written Premiums**: $11,469 thousand in 2026, a -29.1% change from $16,173 thousand in 2025 . - **Net Written Premiums**: $6,075 thousand in 2026, a -44.0% change from $10,840 thousand in 2025 . - **Net Earned Premiums**: $5,925 thousand in 2026, a -42.6% change from $10,315 thousand in 2025 . - **Net Investment Income**: $1,110 thousand in 2026, a -13.9% change from $1,289 thousand in 2025 . - **Net Realized Investment Gains (Losses)**: - $14 thousand in 2026, compared to $3 thousand in 2025 . - **Change in Fair Value of Equity Securities**: $30 thousand in 2026, compared to - $192 thousand in 2025 . - **Net Income (Loss)**: $2,622 thousand in 2026, compared to $522 thousand in 2025 . - **Adjusted Operating Income (Loss)**: - $2,830 thousand in 2026, compared to - $3,684 thousand in 2025 . - **Book Value Per Common Share Outstanding**: $0.96 as of March 31, 2026, compared to $2.09 as of March 31, 2025 . - **Weighted Average Shares Outstanding (Basic and Diluted)**: 17,200,659 in 2026, compared to 12,222,881 in 2025 . - **Underwriting Ratios**: - **Loss Ratio**: 56.2% in 2026, compared to 89.7% in 2025 . - **Expense Ratio**: 49.5% in 2026, compared to 50.8% in 2025 . - **Combined Ratio**: 105.7% in 2026, compared to 140.5% in 2025 . ### Personal Lines Financial Review (Three Months Ended March 31) - **Gross Written Premiums**: $11,487 thousand in 2026, a -18.7% change from $14,126 thousand in 2025 . - **Net Written Premiums**: $6,091 thousand in 2026, a -51.1% change from $12,444 thousand in 2025 . - **Net Earned Premiums**: $5,792 thousand in 2026, a -35.5% change from $8,984 thousand in 2025 . - **Underwriting Ratios**: - **Loss Ratio**: 62.2% in 2026, compared to 86.3% in 2025 . - **Expense Ratio**: 35.7% in 2026, compared to 54.6% in 2025 . - **Combined Ratio**: 97.9% in 2026, compared to 140.9% in 2025 . - **Contribution to combined ratio from net (favorable) adverse prior year development**: 2.1% in 2026, compared to 8.6% in 2025 . - **Accident Year Combined Ratio**: 95.8% in 2026, compared to 132.3% in 2025 . - Personal lines premium represented 100% of total gross written premium for Q1 2026 . ### Commercial Lines Financial Review (Three Months Ended March 31) - **Gross Written Premiums**: - $18 thousand in 2026, compared to $2,047 thousand in 2025 . - **Net Written Premiums**: - $16 thousand in 2026, compared to - $1,604 thousand in 2025 . - **Net Earned Premiums**: $133 thousand in 2026, compared to $1,331 thousand in 2025 . - **Underwriting Ratios (2025)**: - **Loss Ratio**: 113.1% in 2025 . - **Expense Ratio**: 25.3% in 2025 . - **Combined Ratio**: 138.4% in 2025 . - **Contribution to combined ratio from net (favorable) adverse prior year development**: -46.6% in 2025 . - **Accident Year Combined Ratio**: 185.0% in 2025 . - Commercial lines represented 0% of total gross written premium in Q1 2026 . ### Overall Combined Ratio Analysis (Three Months Ended March 31) - **Loss Ratio**: 56.2% in 2026, compared to 89.7% in 2025 . - **Expense Ratio**: 49.5% in 2026, compared to 50.8% in 2025 . - **Combined Ratio**: 105.7% in 2026, compared to 140.5% in 2025 . - **Contribution to combined ratio from net (favorable) adverse prior year development**: -3.0% in 2026, compared to 1.4% in 2025 . - **Accident Year Combined Ratio**: 108.7% in 2026, compared to 139.1% in 2025 . ### Condensed Consolidated Balance Sheets (dollars in thousands) - **Total Investments**: $114,066 as of March 31, 2026, compared to $114,307 as of December 31, 2025 . - **Cash and Cash Equivalents**: $25,469 as of March 31, 2026, compared to $27,362 as of December 31, 2025 . - **Total Assets**: $236,610 as of March 31, 2026, compared to $239,283 as of December 31, 2025 . - **Total Liabilities**: $211,420 as of March 31, 2026, compared to $230,317 as of December 31, 2025 . - **Total Shareholders’ Equity**: $25,190 as of March 31, 2026, compared to $8,966 as of December 31, 2025 . ### Condensed Consolidated Statements of Operations (Three Months Ended March 31, dollars in thousands) - **Gross Earned Premiums**: $13,714 in 2026, compared to $16,118 in 2025 . - **Ceded Earned Premiums**: - $7,789 in 2026, compared to - $5,803 in 2025 . - **Net Earned Premiums**: $5,925 in 2026, compared to $10,315 in 2025 . - **Net Investment Income**: $1,110 in 2026, compared to $1,289 in 2025 . - **Net Realized Investment Gains (Losses)**: - $14 in 2026, compared to $3 in 2025 . - **Change in Fair Value of Equity Securities**: $30 in 2026, compared to - $192 in 2025 . - **Other Income**: $6 in 2026, compared to $65 in 2025 . - **Change in Fair Value of Contingent Considerations**: $4,490 in 2026, compared to $4,395 in 2025 . - **Total Revenue and Other Income**: $11,547 in 2026, compared to $15,875 in 2025 . - **Losses and Loss Adjustment Expenses, Net**: $3,329 in 2026, compared to $9,274 in 2025 . - **Policy Acquisition Costs**: $1,558 in 2026, compared to $2,677 in 2025 . - **Operating and Other Expenses**: $2,100 in 2026, compared to $2,861 in 2025 . - **Interest Expense**: $1,976 in 2026, compared to $541 in 2025 . - **Total Expenses**: $8,963 in 2026, compared to $15,353 in 2025 . - **Income (Loss) Before Income Taxes**: $2,584 in 2026, compared to $522 in 2025 . - **Income Tax Expense (Benefit)**: - $38 in 2026, compared to $0 in 2025 . - **Net Income (Loss)**: $2,622 in 2026, compared to $522 in 2025 . ### Outlook / Guidance Presurance Holdings, Inc. is focused on building a profitable operating platform by prioritizing quality of earnings over scale and concentrating on business that offers more attractive risk-adjusted returns . The company’s underwriting portfolio is now focused on select personal lines homeowners’ business aligned with its long-term objectives and risk appetite . Gross written premiums declined as expected due to the exit from commercial lines business, but the profitability of the remaining portfolio significantly improved . ### Related Stocks - [PRHI.US](https://longbridge.com/en/quote/PRHI.US.md) ## Related News & Research - [10:49 ET/C O R R E C T I O N -- DoubleLine/](https://longbridge.com/en/news/294710457.md) - [Key facts: Hubbell (HUBB) raises 2026 sales to 16%–18%; files 8‑K](https://longbridge.com/en/news/294167258.md) - [Graham Holdings posts earnings release for Q2 ended June 30, 2026](https://longbridge.com/en/news/294366954.md) - [Equatorial Energia updates financial calendar for 2026 disclosures](https://longbridge.com/en/news/294368263.md) - [Emeis posts 2026 first-half financial report for Jan. 1-June 30 period](https://longbridge.com/en/news/294401924.md)