secwatch.observer — SEC 8-K summary
======================================

Issuer:     Presurance Holdings, Inc. (PRHI)
CIK:        0001502292
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0000950170-24-096867
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Conifer Q2 net loss of $0.32/diluted share; revenue falls 57.5% amid MGA shift
------------------------------------------------------------------------------

- Net loss allocable to common shareholders of $4.0M, or $0.32 per diluted share.
- Gross written premiums fell 57.5% to $19.0M as company shifts to commission-based MGA model.
- Combined ratio worsened to 123.6% from 120.9%, driven by 91.5% loss ratio and 32.1% expense ratio.
- Personal lines gross written premium grew 23.0% to $12.2M; commercial lines dropped 80.5% to $6.8M.
- Book value per common share turned negative at ($0.10) vs $1.38 a year ago.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1502292/000095017024096867/0000950170-24-096867-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1502292/000095017024096867/cnfr-20240813.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-096867

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