---
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"
generated_at: "2026-06-04T00:54:12.503085+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Conifer reports Q4 2023 net loss of $19.5M; announces strategic shift to MGA model

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-042742
- JSON: https://secwatch.observer/filing/0000950170-24-042742.json
- Plain text: https://secwatch.observer/filing/0000950170-24-042742.txt

## Key facts
- Earnings Releases
  Presurance Holdings, Inc. reported financial results for the fourth quarter and year ended December 31, 2023.
  - Period: the fourth quarter and year ended December 31, 2023
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1502292/000095017024042742/0000950170-24-042742-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.