Overview
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- TickerPRHI on Nasdaq2
- IndustryFire, Marine & Casualty Insurance2
- HeadquartersBirmingham, United States2
- Incorporated inMI3
- Business address3001 West Big Beaver Road, Suite 319, Troy, Mi 480843
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formCorporation2
- LEI549300CVR7X0GTYVM3242
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O RYAN JAMES, 48084 Troy, United States2
- Registered withCorporations Division (Department of Licensing and Regulatory Affairs), 8007229122
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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.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs92¢$40.0M
- Interest7¢$3.2M
- Income tax0¢$141.0K
Out of $43.3M in revenue.6 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Gross earned premiums | $64.7M | $106.6M |
| Ceded earned premiums | -$32.3M | -$45.8M |
| Net earned premiums | $32.4M | $60.9M |
| Net investment income | $5.0M | $5.8M |
| Net realized investment gains (losses) | -$716.0K | -$125.0K |
| Change in fair value of equity securities | $234.0K | -$203.0K |
| Other gains | $0 | $500.0K |
| Other income | $142.0K | $328.0K |
| Change in fair value of contingent considerations | $6.2M | $146.0K |
| Total revenue and other income | $43.3M | $67.3M |
| Losses and loss adjustment expenses, net | $38.5M | $73.3M |
| Policy acquisition costs | $8.4M | $13.3M |
| Operating expenses | $11.5M | $11.8M |
| Interest expense | $3.2M | $4.9M |
| Total expenses | $61.6M | $103.4M |
| Income (loss) from continuing operations before income taxes | -$18.3M | -$36.1M |
| Income tax expense (benefit) | $141.0K | -$1.8M |
| Net income (loss) from continuing operations | -$18.4M | -$34.2M |
| Net income from discontinued operations | $0 | $58.6M |
| Net income (loss) | -$18.4M | $24.3M |
| Series A Preferred Stock Dividends and Redemption premium | $0 | $817.0K |
| Net income (loss) allocable to common shareholders | -$18.4M | $23.5M |
| Net income (loss) from continuing operations, basic | -$2 | -$3 |
| Net income (loss) from continuing operations, diluted | -$2 | -$3 |
| Net income from discontinued operations, basic | $0 | $5 |
| Net income from discontinued operations, diluted | $0 | $5 |
| Net income (loss) allocable to common shareholders, basic | -$1.51 | $1.93 |
| Net income (loss) allocable to common shareholders, diluted | -$1.51 | $1.93 |
| Weighted average common shares outstanding, basic | 12.2M shares | 12.2M shares |
| Weighted average common shares outstanding, diluted | 12.2M shares | 12.2M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Debt securities, at fair value (amortized cost of $96,669 and $117,827, respectively) | $88.3M | $105.7M | |
| Equity securities, at fair value (cost of $1,276 and $1,836, respectively) | $1.3M | $1.6M | |
| Short-term investments, at fair value | $24.7M | $21.2M | |
| Total investments | $114.3M | $128.4M | |
| Cash and cash equivalents | $27.4M | $27.7M | |
| Premiums and agents' balances receivable, net | $5.5M | $9.9M | |
| Reinsurance recoverables on unpaid losses | $63.9M | $84.5M | $70.8M |
| Reinsurance recoverables on paid losses | $5.9M | $6.9M | |
| Prepaid reinsurance premiums | $12.0M | $6.1M | |
| Deferred policy acquisition costs | $2.7M | $6.4M | $6.4M |
| Receivable from contingent considerations at fair value | $4.3M | $8.1M | |
| Other assets | $3.2M | $3.7M | |
| Total assets | $239.3M | $281.7M | |
| Unpaid losses and loss adjustment expenses | $146.3M | $189.3M | $174.6M |
| Unearned premiums | $25.7M | $30.6M | |
| Reinsurance premiums payable | $2.5M | $1.0K | |
| Debt | $12.2M | $11.9M | |
| Mandatorily redeemable preferred stock carrying value | $14.4M | ||
| Funds held under reinsurance agreements | $24.2M | $25.8M | |
| Accounts payable and other liabilities | $5.1M | $2.5M | |
| Total liabilities | $230.3M | $260.1M | |
| Common stock, no par value (100,000,000 shares authorized; 12,222,881 issued and outstanding, respectively) | $100.2M | $98.2M | |
| Accumulated deficit | -$81.6M | -$63.2M | |
| Accumulated other comprehensive income (loss) | -$9.6M | -$13.5M | |
| Total shareholders' equity | $9.0M | $21.5M | |
| Total liabilities and shareholders' equity | $239.3M | $281.7M | |
| Debt securities, amortized cost | $96.7M | $117.8M | |
| Equity securities, amortized cost | $1.3M | $1.8M | |
| Common stock, par value (in dollars per share) | $0 | $0 | |
| Common stock, shares authorized (in shares) | 100.0M shares | 100.0M shares | |
| Common stock, shares issued (in shares) | 12.2M shares | 12.2M shares | |
| Common stock, shares outstanding (in shares) | 12.2M shares | 12.2M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Debt securities, at fair value (amortized cost of $96,669 and $117,827, respectively) | $88.3M | $105.7M | |
| Equity securities, at fair value (cost of $1,276 and $1,836, respectively) | $1.3M | $1.6M | |
| Short-term investments, at fair value | $24.7M | $21.2M | |
| Total investments | $114.3M | $128.4M | |
| Cash and cash equivalents | $27.4M | $27.7M | |
| Premiums and agents' balances receivable, net | $5.5M | $9.9M | |
| Reinsurance recoverables on unpaid losses | $63.9M | $84.5M | $70.8M |
| Reinsurance recoverables on paid losses | $5.9M | $6.9M | |
| Prepaid reinsurance premiums | $12.0M | $6.1M | |
| Deferred policy acquisition costs | $2.7M | $6.4M | $6.4M |
| Receivable from contingent considerations at fair value | $4.3M | $8.1M | |
| Other assets | $3.2M | $3.7M | |
| Total assets | $239.3M | $281.7M | |
| Unpaid losses and loss adjustment expenses | $146.3M | $189.3M | $174.6M |
| Unearned premiums | $25.7M | $30.6M | |
| Reinsurance premiums payable | $2.5M | $1.0K | |
| Debt | $12.2M | $11.9M | |
| Mandatorily redeemable preferred stock carrying value | $14.4M | ||
| Funds held under reinsurance agreements | $24.2M | $25.8M | |
| Accounts payable and other liabilities | $5.1M | $2.5M | |
| Total liabilities | $230.3M | $260.1M | |
| Common stock, no par value (100,000,000 shares authorized; 12,222,881 issued and outstanding, respectively) | $100.2M | $98.2M | |
| Accumulated deficit | -$81.6M | -$63.2M | |
| Accumulated other comprehensive income (loss) | -$9.6M | -$13.5M | |
| Total shareholders' equity | $9.0M | $21.5M | |
| Total liabilities and shareholders' equity | $239.3M | $281.7M | |
| Debt securities, amortized cost | $96.7M | $117.8M | |
| Equity securities, amortized cost | $1.3M | $1.8M | |
| Common stock, par value (in dollars per share) | $0 | $0 | |
| Common stock, shares authorized (in shares) | 100.0M shares | 100.0M shares | |
| Common stock, shares issued (in shares) | 12.2M shares | 12.2M shares | |
| Common stock, shares outstanding (in shares) | 12.2M shares | 12.2M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income (loss) from continuing operations | -$18.4M | -$34.2M |
| Depreciation and amortization | $255.0K | $1.7M |
| Accretion of Series B Preferred Stock | $804.0K | $0 |
| Amortization of bond premium and discount, net | -$662.0K | -$419.0K |
| Net realized investment (gains) losses | $716.0K | $125.0K |
| Change in fair value of equity securities | -$234.0K | $203.0K |
| Deferred income tax expense | $0 | $0 |
| Stock-based compensation expenses | $56.0K | $78.0K |
| Other | $0 | -$1.9M |
| Change in fair value of contingent considerations | -$6.2M | -$146.0K |
| Other gains/losses | $0 | -$500.0K |
| Premiums, agents' balances and other receivables | $4.4M | $19.2M |
| Reinsurance recoverables | $21.6M | -$8.0M |
| Prepaid reinsurance premiums | -$5.9M | $22.8M |
| Deferred policy acquisition costs | $3.7M | $24.0K |
| Other assets | $508.0K | $2.1M |
| Unpaid losses and loss adjustment expenses | -$43.0M | $14.7M |
| Unearned premiums | -$4.9M | -$34.6M |
| Funds held under reinsurance agreements | -$1.5M | $1.2M |
| Reinsurance premiums payable | $2.5M | -$245.0K |
| Premiums payable to other insureds | $0 | -$14.0M |
| Accounts payable and other liabilities | $2.6M | -$4.0M |
| Net cash provided by (used in) operating activities - discontinued operations | $0 | $3.2M |
| Net cash provided by (used in) operating activities | -$43.9M | -$32.7M |
| Purchases of investments | -$301.1M | -$193.6M |
| Proceeds from maturities and redemptions of investments | $107.2M | $16.1M |
| Proceeds from sales of investments | $212.0M | $196.7M |
| Net cash provided by (used in) investing activities - discontinued operations | $0 | -$7.2M |
| Net cash provided by (used in) investing activities | $28.1M | $70.3M |
| Issuance of stock warrants | $1.9M | $0 |
| Repayment of Series A Preferred Stock | $0 | -$6.0M |
| Repayment of long-term debt | $0 | -$14.2M |
| Dividends paid on Series A Preferred Stock | $0 | -$439.0K |
| Redemption premium on Series A Preferred Stock | $0 | -$397.0K |
| Net cash provided by (used in) financing activities | $15.5M | -$21.1M |
| Net increase (decrease) in cash | -$292.0K | $16.5M |
| Interest paid | $2.4M | $4.3M |
| State Income taxes paid (refunded), net | $143.0K | $1.0K |
| Senior Secured Notes Call Premium | $0 | $753.0K |
No quarter-by-quarter statement was filed.
Corporate structure
Presurance Holdings, Inc. sits at the top of its group. 5 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Presurance Holdings, Inc.
- Clarkston Ventures, LLC Filed SCHEDULE 13D/A on Presurance Holdings, Inc., latest Mar 3, 2026 (3 filings since Aug 24, 2022)
- James G. Petcoff Filed SC 13D/A on Presurance Holdings, Inc., latest Dec 22, 2023 (5 filings since Feb 9, 2022)
- AEGIS FINANCIAL CORP Filed SC 13G/A on Presurance Holdings, Inc., latest Feb 9, 2022
- Presurance Holdings, Inc. Birmingham, Michigan, United States
- Conifer Insurance Company Subsidiary · Michigan, United States
- Red Cedar Insurance Company Subsidiary · the District of Columbia, United States
- VSRM, Inc. Subsidiary · Michigan, United States
- White Pine Insurance Company Subsidiary · Michigan, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Presurance Holdings, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $27.4M6 Dec 31, 2025 | $27.7M6 Dec 31, 2024 | −1.1% |
| Marketable securities, current | $24.7M6 Dec 31, 2025 | $21.2M6 Dec 31, 2024 | +16.9% |
| Debt securities available for sale | $88.3M6 Dec 31, 2025 | $105.7M6 Dec 31, 2024 | −16.4% |
| Equity securities at fair value | $313.0K6 Dec 31, 2025 | $311.0K6 Dec 31, 2024 | +0.6% |
| Stakes in other companies (equity method) | $250.0K6 Dec 31, 2025 | $250.0K6 Dec 31, 2024 | 0% |
Properties, in its own words
We lease office space in Troy, Michigan, where our principal executive office is located. We also lease an office in Miami, Florida. We believe that our facilities are adequate for our current needs and that suitable additional or substitute space will be available as needed.
Item 2 of the 10-K filed Mar 27, 2026.5
Leadership
Who has led Presurance Holdings, Inc., and when. Pick a name to see everywhere that person has worked.
President
Chief financial officer
- Chief executive officerBrian J. Roney Dec 16, 2024 to now14
- Chief executive officerNicholas J. Petcoff Mar 10, 2022 to Aug 12, 202215
- Chief executive officerJames G. Petcoff Aug 12, 2015 to Mar 27, 202316
- ChairJames G. Petcoff Aug 12, 2015 to Mar 27, 202316
- PresidentBrian J. Roney Aug 12, 2015 to Aug 12, 202217
- Chief financial officerHarold J. Meloche Aug 12, 2015 to now18
Board members and other officers (13)
- SVP, MarketingAndrew Petcoff Aug 12, 2015 to Jul 1, 202019
- EVP, SecretaryNicholas J. Petcoff Aug 12, 2015 to Jul 1, 202020
- Board memberGerald W. Hakala Aug 23, 2022 to Dec 22, 202321
- Board memberTimothy Lamothe Sep 3, 2020 to now22
- Board memberJohn William Melstrom May 9, 2019 to Jul 2, 201923
- Board memberAndrew Petcoff Jun 6, 2019 to Jul 1, 202024
- Board memberJeffrey Anthony Hakala Mar 26, 2018 to now25
- Board memberIsolde O'Hanlon Aug 29, 2017 to Dec 29, 202026
- Board memberJorge J. Morales Aug 12, 2015 to Aug 12, 201527
- Board memberJoseph D. Sarafa Aug 12, 2015 to now28
- Board memberMark McCammon Aug 12, 2015 to Dec 20, 201729
- Board memberNicholas J. Petcoff Aug 12, 2015 to Aug 12, 202220
- Board memberR. Jamison Williams Jr. Aug 12, 2015 to Dec 30, 202030
Named in SEC Form D filings
People the company listed in its private-offering notices.
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Conifer Insurance Company Michigan4
- Red Cedar Insurance Company District of Columbia4
- VSRM, Inc. Michigan4
- White Pine Insurance Company Michigan4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- Conifer Holdings, Inc.Sep 30, 2010 to Aug 22, 20253
Timeline
- Aug 14, 20268-K Results of operations32
- Jun 4, 20268-K Shareholder vote33
- May 28, 20268-K Change to shareholders' rights; Bylaws or fiscal year changed; Regulation FD disclosure34
- May 14, 20268-K Results of operations35
- Mar 30, 20268-K Results of operations36
- Mar 6, 20268-K Listing notice or transfer37
- Feb 27, 20268-K Entered a material agreement; Unregistered sale of shares; Change to shareholders' rights38
- Feb 12, 20268-K Other events39
- Feb 6, 20268-K Regulation FD disclosure40
- Jan 28, 20268-K Regulation FD disclosure41
- Dec 30, 20258-K Entered a material agreement; Unregistered sale of shares; Change to shareholders' rights42
- Nov 17, 20258-K Results of operations43
- Dec 16, 2024New chief executive Brian J. Roney becomes CEO14
- Mar 10, 2022New chief executive Nicholas J. Petcoff becomes CEO15
- Aug 12, 2015New chief executive James G. Petcoff becomes CEO16
- Oct 27, 2009Founded Presurance Holdings, Inc. is founded2
Calendar
Coming up
- Nov 11, 2026Reports results for the quarter ending Sep/202644
When it reported results
- Aug 14, 2026Reported quarterly or annual results32
- May 14, 2026Reported quarterly or annual results35
- Mar 30, 2026Reported quarterly or annual results36
- Nov 17, 2025Reported quarterly or annual results43
- Aug 18, 2025Reported quarterly or annual results45
- May 16, 2025Reported quarterly or annual results46
- May 14, 2025Reported quarterly or annual results47
- Mar 31, 2025Reported quarterly or annual results48
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
179 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 71 major events, 44 insider forms, 9 large holders, 1 private raises, 32 other. The latest 20:
- Oct 1, 20264 EDGAR
- Oct 1, 20264 EDGAR
- Oct 1, 20264 EDGAR
- Oct 1, 20264 EDGAR
- Oct 1, 20264 EDGAR
- Aug 31, 20264 EDGAR
- Aug 14, 20268-K EDGAR
- Aug 12, 202610-Q EDGAR
- Jun 24, 20264 EDGAR
- Jun 4, 20268-K EDGAR
- May 28, 20268-K EDGAR
- May 14, 20268-K EDGAR
- May 13, 202610-Q EDGAR
- May 7, 2026ARS EDGAR
- Apr 24, 2026DEF 14A EDGAR
- Apr 20, 20264 EDGAR
- Apr 2, 20264 EDGAR
- Mar 30, 20268-K EDGAR
- Mar 27, 202610-K EDGAR
- Mar 6, 20268-K EDGAR
The 179 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
38 open-market trades by officers, directors and large owners since October 2021: 35 buys and 3 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 27, 2026 | Lamothe TimothyDirector | Sale | 2,478 | $6.51 | $16.1K | Form 4 |
| Apr 13, 2026 | Smith James GrantDirector | Buy | 23,672 | $0.74 | $17.5K | Form 4 |
| Apr 6, 2026 | Smith James GrantDirector | Buy | 1,100 | $0.80 | $880 | Form 4 |
| Apr 1, 2026 | RONEY BRIAN JChief Executive Officer | Buy | 100,000 | $0.72 | $72.0K | Form 4 |
| Feb 27, 2026 | Clarkston Companies, Inc.10% owner | Buy | 9,065,360 | $1.00 | $9.1M | Form 4 |
| Dec 23, 2025 | Clarkston Companies, Inc.10% owner | Buy | 1,600 | $5,000.00 | $8.0M | Form 4 |
| Apr 10, 2025 | Smith James GrantDirector | Buy | 20,150 | $0.67 | $13.5K | Form 4 |
| Apr 9, 2025 | Smith James GrantDirector | Buy | 16,000 | $0.68 | $10.9K | Form 4 |
| Apr 7, 2025 | SARAFA JOSEPH DDirector | Buy | 100,000 | $0.53 | $53.0K | Form 4 |
| Apr 7, 2025 | MELOCHE HAROLD JCFO, Treasurer | Buy | 22,000 | $0.52 | $11.4K | Form 4 |
| Mar 3, 2025 | Hakala Gerald W10% owner | Buy | 500 | $5,000.00 | $2.5M | Form 4 |
| Mar 3, 2025 | Clarkston 91 West LLC10% owner | Buy | 500 | $5,000.00 | $2.5M | Form 4 |
| Mar 3, 2025 | Hakala Jeffrey AnthonyDirector | Buy | 500 | $5,000.00 | $2.5M | Form 4 |
| Feb 27, 2025 | Hakala Gerald W10% owner | Buy | 1,000 | $5,000.00 | $5.0M | Form 4 |
| Feb 27, 2025 | Hakala Jeffrey AnthonyDirector | Buy | 1,000 | $5,000.00 | $5.0M | Form 4 |
| Dec 12, 2024 | Hakala Gerald W10% owner | Buy | 100,000 | $2.00 | $200.0K | Form 4 |
| Dec 12, 2024 | Hakala Jeffrey AnthonyDirector | Buy | 100,000 | $2.00 | $200.0K | Form 4 |
| Dec 12, 2024 | Clarkston Ventures, LLC10% owner | Buy | 100,000 | $2.00 | $200.0K | Form 4 |
| Dec 12, 2024 | RONEY BRIAN JChief Executive Officer | Sale | 100,000 | $2.00 | $200.0K | Form 4 |
| Dec 20, 2023 | Hakala Jeffrey AnthonyDirector | Buy | 1,000 | $6,000.00 | $6.0M | Form 4 |
All 38 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Clarkston Ventures, LLCSCHEDULE 13D/A, 3 filings Aug 24, 2022 to Mar 3, 202649
- James G. PetcoffSC 13D/A, 5 filings Feb 9, 2022 to Dec 22, 202350
- AEGIS FINANCIAL CORPSC 13G/A, 1 filing Feb 9, 202251
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Brian Roney | $425.0K | $760.8K52 | |
| 2025 | Harold Meloche | $320.0K | $572.8K52 | |
| 2024 | Former ChiefExecutive Officer and Director of the Corporation | $283.3K | $930.0K52 | |
| 2024 | President and Chief Executive Officer of the Corporation | $425.0K | $757.5K52 | |
| 2024 | Chief Financial Officer of the Corporation | $320.0K | $572.8K52 |
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $5.0M
Figures by year
| Year | Private raises (Form D) | Total |
|---|---|---|
| 2025 | $5.0M | $5.0M |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Iat Reinsurance Co Ltd. | 35,714 | $175.4K | 0.1% | New |
| Vanguard Fiduciary Trust Co | 10,040 | $49.3K | 0.0% | New |
| Nemes Rush Group LLC | 3,741 | $18.4K | 0.0% | New |
| Vanguard Capital Management LLC | 2,455 | $12.1K | 0.0% | New |
| UBS Group AG | 1,041 | $5.1K | 0.0% | New |
| Tower Research Capital LLC (TRC) | 683 | $3.4K | 0.0% | New |
| Osaic Holdings, Inc. | 571 | $2.8K | 0.0% | New |
| CoreCap Advisors, LLC | 562 | $2.8K | 0.0% | New |
| Morgan Stanley | 75 | $368 | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Presurance Holdings, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARPresurance Holdings, Inc.1
- CIK0001502292
- Employer ID (EIN)27-12987955
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
- Incorporated inMichigan5
- Fiscal year endsDecember 311
- Industry code (SIC)6331 Fire, Marine & Casualty Insurance1
- SEC reviewing officeOffice of Finance, Division of Corporation Finance1
- Business address3001 West Big Beaver Road, Suite 319, Troy, MI 480841
- Phone(248) 559-08401
- Shares outstanding3,746,092 as of Aug 12, 202612
- Public float$5.4M as of Jun 30, 20255
- AuditorGRANT THORNTON LLP, Fort Lauderdale, Florida PCAOB ID 248; no auditor attestation of internal control over financial reporting5
- On EDGAR sinceSep 30, 20101
- Filings478 in all: 8-K (154), 4 (129), 10-Q (34), 3 (18), CORRESP (13), 10-K (11), DEF 14A (11), SC 13D/A (10)1
All 41 form types
SC 13G (8), UPLOAD (8), SC 13G/A (7), DEFA14A (6), S-1/A (6), 8-K/A (5), FWP (5), D (4), EFFECT (4), S-1 (4), SC 13D (4), 10-K/A (3), 424B4 (3), 425 (3), 8-A12B (3), ARS (3), 4/A (2), CERT (2), CERTNAS (2), DRSLTR (2), SCHEDULE 13D/A (2), 10-Q/A (1), 25-NSE (1), 3/A (1), 424B3 (1), DRS (1), DRS/A (1), PRE 14A (1), RW (1), S-1MEF (1), S-4 (1), S-4/A (1), S-8 (1)
- Latest filingsAnnual report (10-K) Mar 27, 2026
Quarterly report (10-Q) Aug 12, 2026
Proxy statement (DEF 14A) Apr 24, 2026
Latest 8-K (8-K) Aug 14, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, no par value | PRHI | The Nasdaq Stock Market LLC |
| 9.75% Senior Notes due 2028 | PRHIZ | The Nasdaq Stock Market LLC |
From the cover page of the 10-K filed Mar 27, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks Presurance Holdings, Inc. names in Item 1A of its 10-K filed Mar 27, 2026: 40 risks under these headings, as written.5
- Operational Risks
- Our actual incurred losses may be greater than our loss and loss adjustment expense reserves, which could have a material adverse effect on our financial condition and results of operations.
- Following the sale of Conifer Insurance Services (“CIS”), we distribute our insurance products through only two agents. There can be no assurance that such relationships will continue, or if they do continue, that the relationship will be on favorable terms to us.
- We no longer have non risk-bearing agency revenue and must rely almost entirely on insurance premium revenue generated from our Insurance Company Subsidiaries.
- We are now relying entirely on agency billed premiums which subjects us to their credit risk.
- Significant staff reduction and heavy reliance on third party vendors increases operational risks and may adversely impact our results of operations, reporting abilities and reputation.
- An increased inflation rate or a period of sustained inflation may adversely impact our results of operations.
- Severe weather conditions and other catastrophes are inherently unpredictable and may have a material adverse effect on our financial results and financial condition.
- Catastrophe models may not accurately predict future losses.
- Changes in our management structure and in senior leadership could affect our business and financial results.
- Litigation and legal proceedings against our Insurance Company Subsidiaries could have a material adverse effect on our business, financial condition and/or results of operations.
- Our failure to accurately and timely pay claims could materially and adversely affect our business, financial condition and results of operations.
The other 29 risks
- We rely entirely on a third-party administrator to handle our claims function. A failure of the claims administrator or loss of their services could materially and adversely affect our business, financial condition and results of operations.
- Our geographic concentration ties our performance to the business, economic, natural perils, man-made perils, catastrophes, severe weather and regulatory conditions within our most concentrated region.
- Investment Risks
- Our investment portfolio is subject to significant market and credit risks, which could result in an adverse impact on our financial conditions or results of operations.
- Liquidity Risks
- The sale of our insurance agency operations will cause a significant decline in our revenue and adversely affect our financial performance and liquidity.
- There is a final earnout from the CIS Sale that is a $4.3 million contingent consideration as of December 31, 2025, that we may not receive which would reduce anticipated future liquidity.
- Required capital needed to support our Insurance Company Subsidiaries could reduce anticipated future liquidity at the Parent Company which may affect our ability to continue as a going concern.
- We may not be able to extend or repay our indebtedness owed to our lenders, which would have a material adverse effect on our financial condition and ability to continue as a going concern.
- Any debt service obligations and required dividends on our preferred stock will reduce the funds available for other business purposes, and the terms and covenants relating to our current and future indebtedness could adversely impact our financial performance and liquidity.
- Our ability to meet our obligations on our outstanding debt, including making principal and interest payments on the notes, may be limited by our holding company structure and regulatory constraints restricting dividends or other distributions by our Insurance Company Subsidiaries.
- Legal and Regulatory Risks
- Our Insurance Company Subsidiaries are subject to minimum capital and surplus requirements. Failure to meet these requirements has resulted in additional regulatory action which we must comply with.
- We are subject to extensive regulation, which may adversely affect our ability to achieve our business objectives. In addition, if we fail to comply with these regulations, we may be subject to penalties, including fines and suspensions, which may adversely affect our financial condition and results of operations.
- Our Insurance Company Subsidiaries are subject to minimum capital and surplus requirements. Failure to meet these requirements could subject us to regulatory action.
- We may become subject to additional government or market regulation which may have a material adverse impact on our business.
- The effect of emerging claim and coverage issues on our business is uncertain.
- Rating Agency Risks
- Withdrawing our participation from rating agencies may result in an adverse effect on our business, financial condition and operating results.
- General Risk Factors
- The price of our common stock is highly volatile and a limited public float and low trading volume for our shares may have an adverse impact on the share price or make it difficult to liquidate.
- Clarkston Ventures, LLC and its affiliates have significant influence on all matters requiring shareholder approval because they beneficially own a large percentage of our common stock.
- We have never paid dividends on our common stock.
- There may be future sales or other dilution of our equity, which may adversely affect the market price of our common stock.
- Provisions in our articles of incorporation, our bylaws, and Michigan law could make it more difficult for a third party to acquire us, discourage a takeover, and adversely affect existing shareholders.
- The Company is not currently in compliance with the continued listing requirements for Nasdaq. If the price of the Company’s common stock continues to trade below $1.00 per share for a sustained period or the Company does not meet other continued listing requirements, the common stock may be delisted from the Nasdaq Capital Market, which could affect the market price and liquidity for the common stock and reduce the Company’s ability to raise additional capital.
- We may require additional capital in the future, which may not be available or may only be available on unfavorable terms.
- Our principal shareholders and management own a significant percentage of our stock and are able to exert significant control over matters subject to shareholder approval.
- Although the notes are currently listed on Nasdaq, the trading market for the notes may be limited, which could affect the market price of the notes or your ability to sell them.
- We may not be able to make payments on the notes.
- There are limited financial covenants in the Indenture relating to our notes.
- The notes are structurally subordinated to any future indebtedness and other liabilities of our Insurance Company Subsidiaries.
- Volatility in the market price and trading volume of our common stock could adversely impact the trading price of the notes.
- We may redeem the notes before maturity, and holders of the redeemed notes may be unable to reinvest the proceeds at the same or a higher rate of return.
Legal proceedings
We are party to legal proceedings which arise in the ordinary course of business. We believe that the outcome of such matters, individually and in the aggregate, will not have a material adverse effect on our consolidated financial position, operating results or liquidity.
On February 10, 2026, James Petcoff, a shareholder of the Company, filed a complaint against the Company, current and former directors of the Company, the Company’s Chief Executive Officer and Clarkston 91 West (“Clarkston 91”), which purchased preferred shares and warrants from the Company. The complaint alleges, among other things, breaches of fiduciary duties and Michigan law with respect to the sale by the Company of Series B Preferred Stock and Warrants to Clarkston 91 in February and March 2025 and the sale by the Company of Series C Preferred Stock to an affiliate of Clarkston 91 in December 2025. On March 10, 2026, Mr. Petcoff filed an amended complaint. The Company is reviewing the amended complaint and intends to vigorously defend the matter.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 17SEC EDGARBrian J. Roney, President
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- 19SEC EDGARAndrew Petcoff, SVP, Marketing
- 20SEC EDGARNicholas J. Petcoff, EVP, Secretary
- 21SEC EDGARGerald W. Hakala, Board member
- 22SEC EDGARTimothy Lamothe, Board member
- 23SEC EDGARJohn William Melstrom, Board member
- 24SEC EDGARAndrew Petcoff, Board member
- 25SEC EDGARJeffrey Anthony Hakala, Board member
- 26SEC EDGARIsolde O'Hanlon, Board member
- 27SEC EDGARJorge J. Morales, Board member
- 28SEC EDGARJoseph D. Sarafa, Board member
- 29SEC EDGARMark McCammon, Board member
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- 32SEC EDGARResults of operations
- 33SEC EDGARShareholder vote
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- 35SEC EDGARResults of operations
- 36SEC EDGARResults of operations
- 37SEC EDGARListing notice or transfer
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- 39SEC EDGAROther events
- 40SEC EDGARRegulation FD disclosure
- 41SEC EDGARRegulation FD disclosure
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- 43SEC EDGARResults of operations
- 44NasdaqNasdaq calendar
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