Presurance Holdings (CNFR) Q3 2026 earnings summary

Executive summary

• Q3 net loss narrowed to $1.6m from $4.0m YoY; 9M net income was $3.5m versus a $1.4m loss, including a $5.7m contingent-consideration fair-value gain.

• 9M overall combined ratio improved to 97.1% from 133.7%; core Personal Lines remained profitable as legacy Commercial Lines runoff and reserve strengthening weighed on results.

Financial highlights

• Q3 total revenue and other income was $9.6m vs. $6.7m YoY; 9M was $30.3m vs. $38.7m.

• Q3 net earned premiums rose 23.7% to $8.4m; 9M declined 20.7% to $21.2m.

• Adjusted operating loss was $1.6m, or $0.42/share, in Q3 and $1.2m, or $0.36/share, for 9M, versus $8.5m, or $4.85/share, in 9M 2025.

• 9M cash used in operating activities was $27.7m; quarter-end cash and equivalents were $14.4m, with $29.9m in short-term investments.

Outlook and guidance

• Personal Lines will consist exclusively of Texas homeowners policies following the decision to non-renew Midwest homeowners business.

• Priorities include disciplined risk selection, profitable Personal Lines operations, prudent growth in Texas homeowners, and management of legacy obligations and reserves.

• Management expects to meet obligations over the next 12 months, supported by the final $10.0m CIS Sale earnout and anticipated TIC revenue.