earnings
confidence high
sentiment positive
materiality 0.55
Presurance Q1 net income improves to $2.6M; personal lines combined ratio turns profitable at 97.9%
Presurance Holdings, Inc.
2026-Q1 EPS reported
$0.15
revenue$11,547,000
- Net income $2.6M ($0.15/share) vs $522K ($0.04) YoY; adj. operating loss $2.8M ($0.16) vs $3.7M loss.
- Gross written premiums $11.5M, down 29% YoY reflecting exit from commercial lines.
- Combined ratio improved to 105.7% from 140.5%; personal lines combined ratio 97.9% (profitable).
- Loss ratio improved to 56.2% from 89.7%; CEO cites repositioning to disciplined underwriting.
- Net investment income $1.1M vs $1.3M prior year; book value $0.96 vs $2.09 per share.
item 2.02item 9.01