PRESURANCE HOLDINGS INC. 9.75% NTS 30/09/28 USD25 | 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 4.56 M.

Presurance Holdings, Inc. reported the following key financial and operational metrics for the first quarter of 2026:

Overall Financial Highlights

• Net Income: Net income was $2.6 million for Q1 2026, a significant increase from $522,000 in Q1 2025.
• Combined Ratio: The overall combined ratio improved to 105.7% in Q1 2026, compared to 140.5% in Q1 2025.
• Loss Ratio: The overall loss ratio improved significantly to 56.2% in Q1 2026, from 89.7% in Q1 2025.
• Expense Ratio: The overall expense ratio was 49.5% in Q1 2026, down from 50.8% in Q1 2025.
• Net Investment Income: Net investment income was $1.1 million for Q1 2026, compared to $1.3 million in the prior year period.
• Net Realized Investment Gains (Losses): The company reported net realized investment losses of -$14 thousand in Q1 2026, compared to gains of $3 thousand in Q1 2025.
• Change in Fair Value of Equity Securities: There was a gain of $30 thousand from the change in fair value of equity securities in Q1 2026, compared to a loss of -$192 thousand in Q1 2025.
• Adjusted Operating Income (Loss): Presurance Holdings reported an adjusted operating loss of -$2.8 million for Q1 2026, an improvement from -$3.7 million in Q1 2025.
• Interest Expense: Interest expense increased to $1,976 thousand in Q1 2026, from $541 thousand in Q1 2025.
• Book Value Per Common Share Outstanding: Book value per common share outstanding was $0.96 as of March 31, 2026, down from $2.09 as of March 31, 2025.
• Weighted Average Shares Outstanding: Weighted average shares outstanding, basic and diluted, increased to 17,200,659 in Q1 2026, from 12,222,881 in Q1 2025.

Segment Premiums

• Gross Written Premiums:
  • Overall: Gross written premiums decreased by 29.1% year-over-year to $11,469 thousand in Q1 2026 from $16,173 thousand in Q1 2025, reflecting the company’s exit from commercial lines business.
  • Personal Lines: Gross written premiums for personal lines were $11,487 thousand in Q1 2026, a decrease of 18.7% from $14,126 thousand in Q1 2025. Personal lines represented 100% of total gross written premium in Q1 2026.
  • Commercial Lines: Gross written premiums for commercial lines were -$18 thousand in Q1 2026, compared to $2,047 thousand in Q1 2025, as the runoff of legacy commercial lines exposures continues. Commercial lines represented 0% of total gross written premium in Q1 2026.
• Net Written Premiums:
  • Overall: Net written premiums were $6,075 thousand in Q1 2026, down 44.0% from $10,840 thousand in Q1 2025.
  • Personal Lines: Net written premiums for personal lines were $6,091 thousand in Q1 2026, a decrease of 51.1% from $12,444 thousand in Q1 2025.
  • Commercial Lines: Net written premiums for commercial lines were -$16 thousand in Q1 2026, compared to -$1,604 thousand in Q1 2025.
• Net Earned Premiums:
  • Overall: Net earned premiums were $5,925 thousand in Q1 2026, a decrease of 42.6% from $10,315 thousand in Q1 2025.
  • Personal Lines: Net earned premiums for personal lines were $5,792 thousand in Q1 2026, a decrease of 35.5% from $8,984 thousand in Q1 2025.
  • Commercial Lines: Net earned premiums for commercial lines were $133 thousand in Q1 2026, compared to $1,331 thousand in Q1 2025.

Underwriting Ratios

• Personal Lines Combined Ratio: Improved to 97.9% in Q1 2026 from 140.9% in Q1 2025.
• Personal Lines Loss Ratio: Improved to 62.2% in Q1 2026 from 86.3% in Q1 2025.
• Personal Lines Expense Ratio: Improved to 35.7% in Q1 2026 from 54.6% in Q1 2025.
• Personal Lines Accident Year Combined Ratio: Improved to 95.8% in Q1 2026 from 132.3% in Q1 2025.
• Commercial Lines Combined Ratio: Was not meaningful for Q1 2026, but was 138.4% in Q1 2025.

Operating Costs

• Losses and Loss Adjustment Expenses, Net: Decreased to $3,329 thousand in Q1 2026 from $9,274 thousand in Q1 2025.
• Policy Acquisition Costs: Decreased to $1,558 thousand in Q1 2026 from $2,677 thousand in Q1 2025.
• Operating and Other Expenses: Decreased to $2,100 thousand in Q1 2026 from $2,861 thousand in Q1 2025.

Cash Flow

Specific operating cash flow or free cash flow metrics are not explicitly provided in the reference.

Outlook / Guidance

Management is focused on repositioning Presurance Holdings around a more disciplined underwriting strategy, prioritizing quality of earnings over scale, and building a profitable operating platform for sustainable long-term results. The company’s strategic reduction of commercial lines exposures is ongoing, aiming to streamline its risk profile and reduce earnings volatility.