secwatch.observer — SEC 8-K summary
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Issuer:     Presurance Holdings, Inc. (PRHI)
CIK:        0001502292
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0000950170-24-060861
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Conifer Holdings Q1 net income $74k ($0.01 EPS); combined ratio improves to 96.7%
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- Net income allocable to common shareholders $74k ($0.01 diluted EPS), down from $1.0M ($0.08) YoY.
- Combined ratio improved 2.8 ppts to 96.7%; expense ratio fell to 34.7% from 37.3%.
- Gross written premiums down 32.9% to $24.3M, reflecting planned shift to agency-based revenue model.
- Personal lines GWP up 59.6% to $11.6M with combined ratio of 83.0% vs 106.1% prior.
- Company targets redirecting all commercial GWP through MGA CIS by Q2 2024, using A- or better carriers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1502292/000095017024060861/0000950170-24-060861-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1502292/000095017024060861/cnfr-20240514.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-060861

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