Presurance Holdings Reports 2025 Third Quarter Financial Results

Core Insights - Presurance Holdings, Inc. reported a significant decline in financial performance for the third quarter of 2025, with net loss allocable to common shareholders amounting to $4.0 million, or $0.32 per share, compared to a net income of $52.8 million in the same period last year [20][31]. Financial Performance - Gross written premiums decreased by 2.9% year-over-year to $14.6 million, while net written premiums fell by 51.4% to $5.4 million [2][7]. - Net earned premiums dropped by 53.3% to $6.8 million, and net investment income was reported at $1.3 million, down 6.5% from the previous year [2][18]. - The company experienced a substantial decline in net realized investment gains, reporting a gain of only $4,000 compared to a loss of $7,000 in the prior year [2][19]. Underwriting Performance - The combined ratio for personal lines was reported at 95.2%, indicating a more favorable underwriting performance compared to the commercial lines, which had a combined ratio of 500.8% [4][10]. - The loss ratio for personal lines was 51.9%, while the expense ratio was 43.3%, reflecting a focus on improving underwriting efficiency [13][16]. Strategic Focus - The company is undergoing a transformation, shifting its focus towards personal lines that yield stronger risk-adjusted returns, particularly in homeowners' insurance in Texas and the Midwest [2][12]. - Management emphasized a disciplined growth strategy, prioritizing quality over volume to achieve sustainable and profitable growth [8][12]. Shareholder Information - The book value per common share outstanding remained at $2.07, unchanged from the previous year [4][21]. - The weighted average shares outstanding for the period were 12,222,881, consistent with the prior year [2][27].