Presurance Holdings, Inc.
For the period ended Dec 31, 2024. Filed Mar 28, 2025.
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FY2024 · Filed Mar 28, 2025
PRHI$7.25+2.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets – December 31, 2024 and 2023
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Investment securities: | ||
| Debt securities, at fair value (amortized cost of $117,827 and $135,370, respectively) | $105,665 | $122,113 |
| Equity securities, at fair value (cost of $1,836 and $2,385, respectively) | 1,603 | 2,354 |
| Short-term investments, at fair value | 21,151 | 20,838 |
| Total investments | 128,419 | 145,305 |
| Cash and cash equivalents | 27,654 | 10,663 |
| Premiums and agents' balances receivable, net | 9,901 | 29,364 |
| Receivable from Affiliate | — | 1,047 |
| Reinsurance recoverables on unpaid losses | 84,490 | 70,807 |
| Reinsurance recoverables on paid losses | 6,919 | 12,619 |
| Prepaid reinsurance premiums | 6,088 | 28,908 |
| Deferred policy acquisition costs | 6,380 | 6,405 |
| Receivable from contingent considerations | 8,070 | — |
| Other assets | 3,735 | 7,036 |
| Assets from discontinued operations | — | 3,452 |
| Total assets | $281,656 | $315,606 |
| Liabilities and Shareholders' Equity | ||
| Liabilities: | ||
| Unpaid losses and loss adjustment expenses | $189,285 | $174,612 |
| Unearned premiums | 30,590 | 65,150 |
| Reinsurance premiums payable | 1 | 246 |
| Debt | 11,932 | 25,061 |
| Funds held under reinsurance agreements | 25,829 | 24,550 |
| Premiums payable to other insureds | — | 13,986 |
| Liabilities from discontinued operations | — | 4,083 |
| Accounts payable and other liabilities | 2,494 | 5,029 |
| Total liabilities | 260,131 | 312,717 |
| Commitments and contingencies | — | — |
| Shareholders' equity: | ||
| Series A Preferred Stock, no par value (10,000,000 shares authorized; 0 and 1,000 issued and outstanding, respectively) | — | 6,000 |
| Common stock, no par value (100,000,000 shares authorized; 12,222,881 issued and outstanding, respectively) | 98,178 | 98,100 |
| Accumulated deficit | (63,153) | (86,683) |
| Accumulated other comprehensive income (loss) | (13,500) | (14,528) |
| Total shareholders' equity | 21,525 | 2,889 |
| Total liabilities and shareholders' equity | $281,656 | $315,606 |
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