Presurance Holdings (CNFR) Q3 2025 earnings summary

Executive summary

• Gross written premiums for Q3 2025 were $14.6M, down 2.9% year-over-year; personal lines grew 0.8% to $11.2M while commercial lines fell 13.3%.

• Net loss from continuing operations was $4.0M ($0.32/share) for Q3 2025, improved from a $6.9M loss in Q3 2024.

• Net loss allocable to common shareholders for Q3 2025 was $4.0M ($0.32/share), compared to net income of $52.8M ($4.32/share) in Q3 2024, which included discontinued operations.

• Adjusted operating loss for Q3 2025 was $2.7M ($0.22/share), an improvement from $6.9M ($0.56/share) in Q3 2024.

• The quarter was marked by a strategic shift to personal lines and runoff of legacy commercial lines, with an emphasis on data-driven underwriting.

Financial highlights

• Net earned premiums for Q3 2025 were $6.8M, down 53.3% year-over-year due to a new quota share reinsurance agreement and runoff of commercial lines.

• Net written premiums dropped 51.4% to $5.4M in Q3 2025.

• Net investment income for Q3 2025 was $1.3M, down 6.5% year-over-year.

• Underwriting loss for Q3 2025 was $2.9M, improved from $7.3M in Q3 2024.

• Book value per share at September 30, 2025 was $2.07, down from $4.01 a year earlier.

Outlook and guidance

• Management expects minimal commercial lines business going forward and limited growth in personal lines, with continued focus on quality over volume.

• The company plans to continue writing Texas and Midwest homeowners programs but does not expect significant growth.

• No dividends from insurance subsidiaries are anticipated in the near term.

• Management believes current liquidity plans will allow obligations to be met over the next twelve months.

• Forward-looking statements highlight expectations for improved premiums, earnings, and capital position, but caution on risks and uncertainties.