secwatch.observer — SEC 8-K summary
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Issuer:     Presurance Holdings, Inc. (PRHI)
CIK:        0001502292
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0000950170-23-062879
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Conifer Holdings Q3 net loss $2.7M; storm losses push combined ratio to 120.8%
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- Gross written premium up 16.5% to $38.5M; personal lines GWP surged 84.4% to $10.1M.
- Net loss of $2.7M ($0.22/share) vs loss of $1.5M ($0.14) a year ago.
- Combined ratio 120.8% (106.5% prior); accident year ratio ex-storms was 95.3%.
- Expense ratio improved to 33.9% (below 35% target); investment income up 68.6% to $1.5M.
- Management cited $2.5M in severe storm losses in Q3 as primary drag on profitability.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1502292/000095017023062879/0000950170-23-062879-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1502292/000095017023062879/cnfr-20231109.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-062879

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer