Presurance Holdings reports Q1 2026 net income $2.6M; EPS $0.15; combined ratio improves to 105.7%

Presurance Holdings reported first quarter 2026 net income of $2.6 million, or $0.15 per share, versus net income of $0.5 million in Q1 2025. Gross written premiums fell to $11.5 million and net earned premiums were $5.9 million as the company continued exiting legacy commercial lines. Underwriting performance strengthened materially, with an overall combined ratio improving to 105.7% and personal lines combined ratio improving to 97.9%.

Financial Highlights

• Net income: $2,622,000 for the three months ended March 31, 2026 (earnings per share, basic and diluted: $0.15).
• Gross written premiums: $11,469,000 in Q1 2026 (down 29.1% year-over-year).
• Net earned premiums: $5,925,000 for Q1 2026 (down 42.6% year-over-year).
• Net investment income: $1,110,000 for the quarter (down 13.9% from prior year).
• Adjusted operating loss: $(2,830,000), or adjusted operating loss per diluted share of $(0.16).

Business Highlights

• Strategic repositioning: Continued exit from legacy commercial lines, concentrating the underwriting portfolio on select personal lines homeowners business.
• Personal lines mix: Personal lines represented 100% of gross written premium in Q1 2026, driven largely by Texas homeowners premium and select Midwestern states.
• Underwriting improvement: Personal lines combined ratio improved to 97.9% (loss ratio 62.2%, expense ratio 35.7%) reflecting higher-quality risk selection.
• Runoff progress: Commercial lines runoff ongoing; commercial lines represented 0% of total gross written premium in Q1 2026, reducing historical business concentration and associated volatility.
• Balance sheet/operational items: Receivable from contingent considerations increased to $8.78 million as of March 31, 2026, reflecting ongoing contingent consideration activity related to prior transactions.

Original SEC Filing: Presurance Holdings, Inc. [ PRHI ] - 8-K - May. 14, 2026