TROY, Mich., Nov. 12, 2025 (GLOBE NEWSWIRE) -- Presurance Holdings, Inc. (Nasdaq: PRHI) (“Presurance” or the “Company”) today announced results for the third quarter ended September 30, 2025. Third Quarter 2025 Financial Highlights Personal lines business combined ratio of 95.2%Net investment income of $1.3 millionBook value of $2.07 per common share outstanding Management Comments Brian Roney, CEO of Presurance, commented, "This past year has been one of transformation and re-definition. While the runoff ...

Core Viewpoint - Conifer Holdings, Inc. reported a mixed performance in the second quarter of 2025, with a significant increase in gross written premiums driven by the Personal Lines business, while facing challenges in the Commercial Lines segment [2][8]. Financial Highlights - Gross written premiums increased by 11.1% to $21.1 million compared to $19.0 million in the same period last year, primarily due to a renewed focus on disciplined underwriting in homeowners' insurance [3][8]. - Net written premiums decreased significantly by 89.6% to $1.4 million from $13.2 million year-over-year [3]. - Net earned premiums fell by 42.6% to $9.6 million compared to $16.7 million in the prior year [3]. - Net investment income was reported at $1.3 million, down 11.9% from $1.5 million in the previous year [3][16]. - The company recorded a net income allocable to common shareholders of $2.1 million, or $0.17 per share, compared to a loss of $3.9 million, or $(0.32) per share, in the same quarter last year [4][18]. Underwriting Performance - The loss ratio improved to 68.8% from 91.5% year-over-year, while the expense ratio increased to 52.3% from 32.1% [5][15]. - The combined ratio for the quarter was 121.1%, slightly better than 123.6% in the prior year, indicating ongoing underwriting challenges [5][15]. Segment Performance - Personal Lines, which accounted for 84.9% of total gross written premiums, saw a 46.8% increase in gross written premiums to $17.9 million, driven by growth in low-value dwelling homeowners' insurance in Texas [13][14]. - Commercial Lines represented only 15.1% of total gross written premiums, with gross written premiums declining by 53.0% to $3.2 million [10][12]. Balance Sheet Overview - Total assets increased to $283.3 million as of June 30, 2025, compared to $281.7 million at the end of 2024 [27]. - Total liabilities decreased to $255.1 million from $260.1 million, with unpaid losses and loss adjustment expenses at $164.6 million [27]. Additional Insights - The company is focusing on streamlining operations and simplifying its organizational structure, particularly in the Commercial Lines segment, which is winding down [2][9]. - The partial recognition of an earnout related to the CIS sale positively impacted the quarter's results [2].

Industry Overview - The Zacks Property and Casualty Insurance industry has shown strong performance in 2025, driven by better pricing, prudent underwriting, increased exposure, streamlined operations, a wider global presence, and a solid capital position [1] - The insurance industry has outperformed the Zacks S&P 500 composite, with a year-to-date increase of 7.1% compared to the S&P 500's growth of 4.4% [3] Market Dynamics - Global commercial insurance rates decreased by 3% in Q1 2025, marking the third consecutive quarterly decline after seven years of increases [4][9] - Despite the decline in rates, higher catastrophe losses are driving policy renewal rates, with a reported 3% rise in commercial insurance rates and a 4.9% increase in personal lines in Q1 2025 [6] Growth Projections - Deloitte Insights projects that gross premiums in the insurance market will exceed $722 billion by 2030, indicating significant growth potential [4][6] - The insurance industry is expected to generate around $4.7 billion in annual global premiums from AI-related insurance by 2032, with a CAGR of nearly 80% [12] Company Highlights Heritage Insurance Holdings, Inc. (HRTG) - HRTG has seen a year-to-date share price increase of 93.6% and is projected to have revenue growth of 4.6% and 7.3% for 2025 and 2026, respectively [16][17] - The company has delivered an average earnings surprise of 363.17% over the last four quarters [16] Palomar Holdings, Inc. (PLMR) - PLMR's shares have rallied 45.3% year to date, with revenue growth estimates of 42.5% and 26.3% for 2025 and 2026, respectively [19] - The company raised its adjusted net income guidance to a range of $186 million to $200 million for 2025 [18] Root, Inc. (ROOT) - ROOT's shares have increased by 76.7% year to date, with revenue growth estimates of 17.3% and 8.6% for 2025 and 2026, respectively [21] - The company has delivered an average earnings surprise of 208.89% over the last four quarters [21] HCI Group, Inc. (HCI) - HCI's shares have risen 29.7% year to date, with revenue growth estimates of 18.3% and 5.9% for 2025 and 2026, respectively [23][24] - The company has delivered an average earnings surprise of 42.13% over the last four quarters [23]