--- title: "PRESURANCE HOLDINGS INC. 9.75% NTS 30/09/28 USD25 | 8-K: FY2026 Q2 Revenue: USD 9.142 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/295937226.md" datetime: "2026-08-14T12:49:59.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295937226.md) - [en](https://longbridge.com/en/news/295937226.md) - [zh-HK](https://longbridge.com/zh-HK/news/295937226.md) --- # PRESURANCE HOLDINGS INC. 9.75% NTS 30/09/28 USD25 | 8-K: FY2026 Q2 Revenue: USD 9.142 M Revenue: As of FY2026 Q2, the actual value is USD 9.142 M. EPS: As of FY2026 Q2, the actual value is USD 0.68. EBIT: As of FY2026 Q2, the actual value is USD 3.213 M. #### First Half 2026 Financial Highlights Net income for the first half of 2026 doubled to $5.2 million, compared to $2.6 million in the same period last year. The combined ratio improved to 86.4% from 131.2%. Book value was $7.41 per share, with a weighted average share count of 3,105,236. #### Overall Financial Results (dollars in thousands) ##### Three Months Ended June 30, 2026 vs. 2025 - Gross written premiums were $13,070 in 2026, down from $21,079 in 2025, a -38.0% change. - Net written premiums were $16,652 in 2026, up from $1,383 in 2025. - Net earned premiums were $6,808 in 2026, down from $9,564 in 2025, a -28.8% change. - Net investment income was $1,040 in 2026, down from $1,298 in 2025, a -19.9% change. - Net realized investment gains (losses) were - $87 in 2026, compared to - $28 in 2025. - Change in fair value of equity securities was $81 in 2026, compared to - $65 in 2025. - Net income (loss) was $2,536 in 2026, up from $2,051 in 2025, a 23.6% change. - Adjusted operating income (loss) was $1,322 in 2026, compared to - $2,070 in 2025. - Book value per common share outstanding was $7.41 as of June 30, 2026, compared to $16.15 as of June 30, 2025. - Loss ratio was 24.6% in 2026, down from 68.8% in 2025. - Expense ratio was 44.9% in 2026, down from 52.3% in 2025. - Combined ratio was 69.5% in 2026, down from 121.1% in 2025. ##### Six Months Ended June 30, 2026 vs. 2025 - Gross written premiums were $24,539 in 2026, down from $37,252 in 2025, a -34.1% change. - Net written premiums were $22,727 in 2026, up from $12,223 in 2025, an 85.9% change. - Net earned premiums were $12,733 in 2026, down from $19,879 in 2025, a -35.9% change. - Net investment income was $2,150 in 2026, down from $2,587 in 2025, a -16.9% change. - Net realized investment gains (losses) were - $101 in 2026, compared to - $25 in 2025. - Change in fair value of equity securities was $111 in 2026, compared to - $257 in 2025. - Net income (loss) was $5,158 in 2026, up from $2,573 in 2025, a 100.5% change. - Adjusted operating income (loss) was $384 in 2026, compared to - $5,754 in 2025. - Loss ratio was 39.3% in 2026, down from 79.7% in 2025. - Expense ratio was 47.1% in 2026, down from 51.5% in 2025. - Combined ratio was 86.4% in 2026, down from 131.2% in 2025. #### Personal Lines Financial Review (dollars in thousands) ##### Three Months Ended June 30, 2026 vs. 2025 - Gross written premiums were $13,073 in 2026, down from $17,889 in 2025, a -26.9% change. - Net written premiums were $16,632 in 2026, up from $1,816 in 2025. - Net earned premiums were $6,703 in 2026, down from $9,096 in 2025, a -26.3% change. - Loss ratio was 60.2% in 2026, down from 61.2% in 2025. - Expense ratio was 35.2% in 2026, down from 53.0% in 2025. - Combined ratio was 95.4% in 2026, down from 114.2% in 2025. - Accident year combined ratio was 90.9% in 2026, down from 109.5% in 2025. ##### Six Months Ended June 30, 2026 vs. 2025 - Gross written premiums were $24,560 in 2026, down from $32,015 in 2025, a -23.3% change. - Net written premiums were $22,723 in 2026, up from $14,259 in 2025, a 59.4% change. - Net earned premiums were $12,495 in 2026, down from $18,080 in 2025, a -30.9% change. - Loss ratio was 61.1% in 2026, down from 73.7% in 2025. - Expense ratio was 35.4% in 2026, down from 53.8% in 2025. - Combined ratio was 96.5% in 2026, down from 127.5% in 2025. - Accident year combined ratio was 93.2% in 2026, down from 120.9% in 2025.Personal lines premium constituted 100% of total gross written premium for Q2 2026, primarily from Texas homeowners and select Midwestern states. #### Commercial Lines Financial Review (dollars in thousands) ##### Three Months Ended June 30, 2026 vs. 2025 - Gross written premiums were - $3 in 2026, down from $3,190 in 2025. - Net written premiums were $20 in 2026, compared to - $433 in 2025. - Net earned premiums were $105 in 2026, down from $468 in 2025. - Loss ratio was Not meaningful in 2026, compared to 216.4% in 2025. - Expense ratio was Not meaningful in 2026, compared to 40.9% in 2025. - Combined ratio was Not meaningful in 2026, compared to 257.3% in 2025. - Accident year combined ratio was Not meaningful in 2026, compared to 230.6% in 2025. ##### Six Months Ended June 30, 2026 vs. 2025 - Gross written premiums were - $21 in 2026, down from $5,237 in 2025. - Net written premiums were $4 in 2026, compared to - $2,036 in 2025. - Net earned premiums were $238 in 2026, down from $1,799 in 2025, an -86.8% change. - Loss ratio was Not meaningful in 2026, compared to 140.0% in 2025. - Expense ratio was Not meaningful in 2026, compared to 29.5% in 2025. - Combined ratio was Not meaningful in 2026, compared to 169.5% in 2025. - Accident year combined ratio was Not meaningful in 2026, compared to 197.0% in 2025.Commercial lines represented 0% of total gross written premium in Q2 2026, reflecting the planned runoff of legacy commercial exposures. #### Condensed Consolidated Balance Sheets (dollars in thousands) ##### As of June 30, 2026 vs. December 31, 2025 - Total investments were $114,940 as of June 30, 2026, compared to $114,307 as of December 31, 2025. - Cash and cash equivalents were $12,798 as of June 30, 2026, compared to $27,362 as of December 31, 2025. - Total assets were $222,474 as of June 30, 2026, compared to $239,283 as of December 31, 2025. - Total liabilities were $194,729 as of June 30, 2026, compared to $230,317 as of December 31, 2025. - Total shareholders’ equity was $27,745 as of June 30, 2026, compared to $8,966 as of December 31, 2025. #### Outlook / Guidance The press release contains forward-looking statements regarding expectations for premiums, earnings, capital position, expansion, and growth strategies. These statements are based on management’s good-faith belief and reasonable judgment. However, actual results could differ materially due to various factors, including risks detailed in the company’s SEC filings. ### Related Stocks - [PRHIZ.US](https://longbridge.com/en/quote/PRHIZ.US.md) ## Related News & Research - [Vital Farms amends 8-K to add missing Item 5.03 in EDGAR header](https://longbridge.com/en/news/296122466.md) - [Circle8 amends Form 8-K to correct typographical, drafting errors](https://longbridge.com/en/news/296348348.md) - [Copart amends 8-K to disclose Jane Pocock president compensation package](https://longbridge.com/en/news/296397117.md) - [Shuttle Pharmaceuticals amends 8-K, says UDC merger not significant and financials not required](https://longbridge.com/en/news/296146163.md) - [Prime Drink Group delays annual financial filings, extends deadline to Sept. 28](https://longbridge.com/en/news/295969058.md)