--- title: "PRESURANCE HOLDINGS INC. 9.75% NTS 30/09/28 USD25 | 8-K: FY2026 Q1 Revenue: USD 11.55 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/286457015.md" datetime: "2026-05-14T19:26:29.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286457015.md) - [en](https://longbridge.com/en/news/286457015.md) - [zh-HK](https://longbridge.com/zh-HK/news/286457015.md) --- # 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. 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