Presurance Holdings, Inc. PRHI
On September 30, 2025, Conifer Holdings, Inc. changed its name to Presurance Holdings, Inc. On August 21, 2025, Conifer Insurance Company changed its name to Triassic Insurance Company.
Presurance Holdings, Inc. (Nasdaq: PRHI) is a Michigan‑domiciled insurance holding company formed in 2009. Our principal executive offices are located at 3001 West Big Beaver Road, Suite 319, Troy, MI 48084: telephone number: (248) 509-9202. Our corporate website address is www.prehld.com.
On February 27, 2026, the Company issued $14.0 million of common stock through a backstopped rights offering for 14,000,000 shares of common stock priced at $1.00 per share. A portion of the proceeds were used to redeem all of the $7.5 million of the Company's outstanding Series B Preferred Stock, described below. The remaining proceeds will be used for working capital and general corporate purposes.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $43.3M | $67.3M | $90.5M | $104.9M | $116.0M | $103.5M | $96.0M | $98.9M | $96.8M | $93.9M |
| Total operating expenses | $11.5M | $11.8M | $16.7M | $18.8M | $16.5M | $18.5M | $17.6M | $17.7M | $17.4M | $17.6M |
| Operating income | -$25.9M | -$37.3M | -$30.5M | -$28.3M | -$13.3M | -$9.1M | -$11.0M | -$10.3M | -$24.2M | -$11.1M |
| Interest expense | $3.2M | $4.9M | $3.2M | $3.0M | $2.9M | $2.9M | $2.9M | $2.6M | $1.4M | $647.0K |
| Pre-tax income | -$18.3M | -$36.1M | -$27.6M | -$20.5M | -$1.7M | -$238.0K | -$9.1M | -$9.5M | -$22.1M | -$8.6M |
| Income tax | $141.0K | $1.8M | $353.0K | $9.4M | $208.0K | $6.0K | $913.0K | $52.0K | $447.0K | $77.0K |
| Net income | -$18.4M | $24.3M | -$25.9M | -$10.7M | -$1.1M | $595.0K | -$7.8M | -$9.2M | -$21.5M | -$8.4M |
| EPS, basic | -1.51 | 1.93 | -2.12 | -1.00 | -0.11 | 0.06 | — | — | — | — |
| EPS, diluted | -1.51 | 1.93 | -2.12 | -1.00 | -0.11 | 0.06 | -0.88 | -1.08 | -2.74 | -1.11 |
| Shares, diluted (wtd. avg.) | $12.2M | $12.2M | $12.2M | $10.7M | $9.7M | $9.6M | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $27.4M | $27.7M | $11.1M | $28.0M | $9.9M | $8.2M | $7.5M | $10.8M | $11.9M | $12.5M |
| Short-term investments | $24.7M | $21.2M | $20.8M | $25.9M | $23.0M | $13.3M | $31.4M | $8.9M | $11.4M | $10.8M |
| Total assets | $239.3M | $281.7M | $315.6M | $312.4M | $290.4M | $261.6M | $247.3M | $232.8M | $239.0M | $203.7M |
| Long-term debt | $12.2M | $11.9M | $25.1M | $33.9M | $33.6M | $41.0M | $35.8M | $33.5M | $29.0M | $17.8M |
| Total liabilities | $230.3M | $260.1M | $312.7M | $293.4M | $249.9M | $217.2M | $204.5M | $190.6M | $186.2M | $135.9M |
| Retained earnings | -$81.6M | -$63.2M | -$86.7M | -$60.8M | -$50.1M | -$49.0M | -$49.6M | -$41.8M | -$33.0M | -$11.5M |
| Total equity | $9.0M | $21.5M | $2.9M | $18.9M | $40.5M | $44.4M | $42.7M | $42.2M | $52.8M | $67.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$43.9M | -$32.7M | -$13.4M | -$40.5M | $5.4M | $3.0M | $15.4M | -$17.0M | $9.1M | $6.2M |
| Depreciation and amortisation | — | — | — | — | — | — | — | $386.0K | $372.0K | $401.0K |
| Stock-based compensation | $56.0K | $78.0K | $190.0K | $211.0K | $218.0K | $706.0K | $959.0K | $970.0K | $895.0K | $856.0K |
| Capital expenditure | — | — | — | — | — | $78.0K | $61.0K | $86.0K | $13.0K | $195.0K |
| Investing cash flow | $28.1M | $70.3M | -$272.0K | $56.5M | $1.4M | -$7.3M | -$25.0M | $12.2M | -$26.0M | -$10.8M |
| Financing cash flow | $15.5M | -$21.1M | -$3.2M | $2.1M | -$5.0M | $5.1M | $6.3M | $3.7M | $16.2M | $4.4M |
| Buybacks | — | — | — | — | $12.0K | $36.0K | $676.0K | $636.0K | $0 | $625.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-016748.
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