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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $93.9M | $96.8M | $98.9M | $96.0M | $103.5M | $116.0M | $104.9M | $90.5M | $67.3M | $43.3M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | -$8.4M | -$21.5M | -$9.2M | -$7.8M | $595.0K | -$1.1M | -$10.7M | -$25.9M | $24.3M | -$18.4M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced Item 2.02
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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