Presurance Holdings, Inc. (PRHI) Earnings
PRHI has beaten EPS estimates in 0 of its last 11 reported quarters (average surprise -4925.0% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 13, 2026 | — | $-0.16 | — | $12M | — |
| Mar 27, 2026 | $0.01 | $-1.24 | -12500.0% | $7M | -71.1% |
| Nov 12, 2025 | $0.01 | $-0.22 | -2300.0% | $7M | -69.9% |
| Aug 13, 2025 | $0.01 | $-0.17 | -1800.0% | $16M | -26.0% |
| May 14, 2025 | $0.01 | $-0.30 | -3100.0% | $16M | -26.0% |
| Mar 28, 2025 | $-0.02 | $-2.11 | -10450.0% | $14M | -35.0% |
| Nov 13, 2024 | $-0.02 | $-0.60 | -2900.0% | $16M | -17.3% |
| Aug 13, 2024 | $-0.01 | $-0.30 | -2900.0% | $27M | +75.1% |
| Apr 4, 2024 | $-0.02 | $-1.59 | -7850.0% | $23M | +50.6% |
| Mar 13, 2024 | $-0.02 | $-1.59 | -7862.0% | $21M | +30.3% |
| Nov 9, 2023 | $-0.02 | $-0.41 | -2150.3% | $28M | +73.2% |
| Mar 8, 2023 | $-0.02 | $-0.10 | -400.0% | $29M | +1.6% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q2 FY2024 · August 16, 2024
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Shift towards a commission-based revenue model through wholly-owned managing general agency Conifer Insurance Services. - Accelerated transfer of cannabis premiums to capacity partner Palomar. - Commercial lines production decreased significantly compared to prior year due to ramping up other capacity providers. - Expense ratio improved to 32% in Q2, down 580 basis points from same period last year and below near-term target of 35%. - Net investment income was $1.5 million in Q2, up 11% from prior year period. - Investments conservatively managed with vast majority in fixed income securities.
Guidance
- Expect profitability to be achieved more quickly with the commission-based MGA model on commercial lines and improved weather results in personal lines. - Considering other asset sales as a source of liquidity if additional liquidity is needed.
Segment performance
In the second quarter, overall gross written premium decreased 58% to $19 million. The breakdown of total gross written premium was 36% commercial lines and 64% personal lines. Commercial lines combined ratio was 105% and accident year combined ratio was 81%. Personal lines were significantly impacted by spring storms in Oklahoma, with the run-off process expected to be largely completed by year-end.
Analyst Q&A
Q: Long-standing shareholder asks about when profitability is expected and sources of liquidity if not achieved.
A: Nicholas J. Petcoff states the commission-based model on commercial lines with A-rated paper and improved personal lines weather results will lead to profitability. Harold Meloche mentions expense reductions over years and considering other asset sales for liquidity