Conifer Holdings Inc. ( (PRHI) ) has released its Q3 earnings. Here is a breakdown of the information Conifer Holdings Inc. presented to its investors.
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Presurance Holdings Inc., formerly known as Conifer Holdings Inc., is a Michigan-based company operating in the insurance sector, primarily focusing on specialty homeowners insurance in select U.S. states. The company recently released its earnings report for the quarter ending September 30, 2025, highlighting significant financial activities and strategic changes.
Presurance Holdings reported a net loss from continuing operations of $3.97 million for the third quarter of 2025, compared to a net income of $53.29 million in the same period last year, which included gains from discontinued operations. The company’s total revenue and other income decreased to $6.68 million from $16.02 million, reflecting a decline in gross earned premiums and net investment income.
Key financial metrics indicate a challenging quarter for Presurance Holdings, with net earned premiums dropping to $6.82 million from $14.60 million year-over-year. The company also experienced a reduction in its cash and cash equivalents, down to $7.41 million from $27.65 million at the end of 2024. Despite these challenges, the company managed to increase its total assets slightly to $284.99 million, driven by strategic investments and asset management.
Looking ahead, Presurance Holdings is focused on stabilizing its financial position and improving its regulatory capital levels. The company has taken steps to address its risk-based capital requirements and plans to resume intercompany service fees in 2026, aiming to enhance its liquidity and operational capabilities. Management remains committed to navigating the current economic landscape and positioning the company for future growth.