GlobeNewswire·Aug 12, 2026, 4:01 PM ET

Presurance Holdings Reports 2026 Second Quarter Financial Results

PRHI

Presurance Holdings reported first-half 2026 net income of $5.2 million ($1.66 per share), doubling the $2.6 million ($1.47 per share) recorded in the same period of 2025.
The company's combined ratio improved significantly to 86.4% for the six months ended June 30, 2026, compared to 131.2% in the prior year period.
Gross written premiums declined by 34.1% to $24.5 million for the first half of 2026, reflecting a strategic shift toward personal lines homeowners' risks & away from commercial lines.
Personal lines accounted for 100% of gross written premiums in Q2 2026, while commercial lines represented 0% due to the runoff of legacy exposures.
Net income for the second quarter of 2026 was $2.5 million ($0.68 per share), up 23.6% from $2.1 million ($1.17 per share) in Q2 2025.
Book value per share stood at $7.41 as of June 30, 2026, with a weighted average share count of 3,105,236 for the first half of the year.
Adjusted operating income for the six months ended June 30, 2026, was $384,000 ($0.12 per share), reversing an adjusted operating loss of $5.8 million in the prior year.
The overall loss ratio improved to 39.3% for the first half of 2026 from 79.7% in 2025, aided by $5.7 million in net favorable prior year reserve development.
Net investment income decreased to $2.2 million for the first half of 2026 from $2.6 million in the prior year period.
CEO Brian Roney stated that under new leadership, the company has improved underwriting results through disciplined operations, risk selection, & careful capital management.