Presurance Holdings (CNFR) Q4 2025 earnings summary

Executive summary

• Personal lines production increased 12.7% year-over-year, now comprising 100% of gross written premiums in Q4 as commercial lines were fully exited.

• Gross written premiums declined 41.9% in Q4 and 17.0% for the year, reflecting the strategic shift away from commercial lines.

• Net loss allocable to common shareholders was $17.0 million for Q4 and $18.4 million for the year, compared to a profit last year.

• Adjusted operating loss was $15.2 million in Q4 and $25.6 million for the year.

Financial highlights

• Q4 gross written premiums: $7.9 million, down from $13.7 million year-over-year.

• Net earned premiums for Q4: $5.7 million, down 55.2% year-over-year.

• Net investment income for Q4: $1.1 million, down 15% year-over-year.

• Book value per share at year-end: $0.73, down from $1.76 last year.

Outlook and guidance

• Management is focused on select personal lines homeowners' business, aiming for improved underwriting and risk profile.

• Forward-looking statements caution about risks and uncertainties, with no specific quantitative guidance provided.