Presurance Holdings, Inc. (PRHI) Form 10-Q — Aug 12, 2026
Presurance Holdings (PRHI) reported Q2 2026 net income of $2.5 million, or $0.68 per share, versus $2.1 million, or $1.17 per share, a year ago, as its combined ratio improved sharply to 69.5% from 121.1%. The turnaround came despite gross written premiums falling 38% to $13.1 million, with all commercial lines in runoff and the company now writing only homeowners policies in Texas, Illinois and Indiana. Liquidity is the key risk: the company burned $20.2 million of cash in operations in the first half of 2026, ending June with $12.8 million of cash ($41.2 million including short-term investments).
Key figures
- Eps
- 1.66
- Revenue
- 20689000
- Net Income
- 5158000
- Total Debt
- 12314000
- Total Assets
- 222474000
- Cash Position
- 12798000
- Shares Outstanding
- 3746092
- Q2 Eps
- 0.68
- Q2 Revenue
- 9142000
- Gwp Change Q2
- -38.0%
- Q2 Net Income
- 2536000
- Senior Notes
- 9.75% Senior Notes due 2028
- Tic Rbc Ratio
- 236%
- Combined Ratio Q2
- 69.5%
- Book Value Per Share
- 7.41
- Earnout Receivable
- 10000000
- Reverse Split Ratio
- 1-for-7
- Shareholders Equity
- 27745000
- Earnout Bonus Accrued
- 1500000
- Net Earned Premiums Q2
- 6808000
- Texas Gwp Concentration
- 94.0%
- Combined Ratio Six Months
- 86.4%
- Gross Written Premiums Q2
- 13070000
- Rights Offering Proceeds
- 14000000
- Series CPreferred Issued
- 8000000
- Tic Capital Contributions
- 17500000
- Prior Year Combined Ratio Q2
- 121.1%
- Series BPreferred Redeemed
- 7500000
- Statutory Capital And Surplus
- 42700000
- Rights Offering Price Per Share
- 7
- Series CPreferred Dividend Rate
- 15.0%
- Total Liquidity Incl Short Term Investments
- 41200000
Price after filing
Close on the filing date to close N calendar days later (from $4.56). Historical, not a forecast.
AI analysis
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