{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-042742","form_type":"8-K","ticker":"PRHI","cik":"0001502292","company_name":"Presurance Holdings, Inc.","filed_at":"2024-04-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.705815+00:00","generated_at":"2026-06-04T00:54:12.503085+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Conifer reports Q4 2023 net loss of $19.5M; announces strategic shift to MGA model","bullets":["Full year 2023 net loss of $25.9M ($2.12 diluted EPS) vs loss of $10.7M in 2022; Q4 net loss $19.5M ($1.59).","Gross written premium up 4.2% to $143.8M; net investment income up 81.6% to $5.5M; expense ratio improved 130bps to 37.1%.","Combined ratio worsened to 134.9% (FY) and 231.7% (Q4) driven by 100% adverse prior year development in Q4.","Book value per share dropped from $1.55 to $0.24; commercial lines GWP down 48% in Q4; personal lines GWP up 59.7%.","Strategic shift: 100% of future commercial GWP via MGA with third-party A-rated insurers starting Q2 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-042742","json":"https://secwatch.observer/filing/0000950170-24-042742.json","markdown":"https://secwatch.observer/filing/0000950170-24-042742.md","text":"https://secwatch.observer/filing/0000950170-24-042742.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1502292/000095017024042742/0000950170-24-042742-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1502292/000095017024042742/cnfr-20240404.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T00:54:12.503085+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b73b479b11213814f1169c127a48d8aa2ce12f5f","claim":"Presurance Holdings, Inc. reported financial results for the fourth quarter and year ended December 31, 2023.","evidence_excerpt":"On April 4, 2024, Conifer Holdings, Inc. (the \"Company\") publicly announced results for the fourth quarter of 2023. A copy of the Company's news release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1502292/000095017024042742/0000950170-24-042742-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter and year ended December 31, 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}