Presurance Holdings (CNFR) investor relations material

Executive summary

• Gross written premiums fell 38.0% year-over-year to $13.1 million in Q2 2026, driven by a 26.9% decline in personal lines and the runoff of commercial lines.

• Net income for the first half of 2026 doubled year-over-year to $5.2 million ($1.66/share), with Q2 2026 net income at $2.5 million ($0.68/share), up from $2.1 million ($1.17/share) in Q2 2025.

• Adjusted operating income was $1.3 million ($0.35/share) in Q2 2026, reversing a $2.1 million loss in Q2 2025.

• Combined ratio improved to 86.4% for the first half of 2026 from 131.2% year-over-year, reflecting disciplined risk selection and operational changes.

• Book value per share was $7.41 at June 30, 2026.

Financial highlights

• Net earned premiums decreased 28.8% to $6.8 million in Q2 2026; six-month net earned premiums dropped 35.9% to $12.7 million.

• Net written premiums increased 85.9% for the first half of 2026 to $22.7 million year-over-year.

• Net losses and loss adjustment expenses (LAE) fell 74.5% to $1.7 million in Q2 2026; six-month net losses and LAE dropped 68.4% to $5.0 million.

• Underwriting gain was $2.1 million in Q2 2026, compared to a $2.0 million loss in Q2 2025.

• Net investment income for Q2 2026 was $1.0 million, down 19.9% year-over-year.

Outlook and guidance

• Management expects to meet obligations over the next twelve months, supported by anticipated revenue from TIC and a $10 million earnout payment by August 31, 2026.

• No dividends are expected from insurance subsidiaries in the near term due to regulatory capital constraints.

• Management emphasizes continued focus on disciplined operations, risk selection, and capital management to drive future performance.

• Forward-looking statements highlight expectations for sustained profitability and capital strength, with risks noted in regulatory filings.