Presurance Holdings, Inc.
For the period ended Mar 31, 2025. Filed May 14, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 14, 2025
PRHI$7.25+2.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows (Unaudited)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash Flows From Operating Activities | ||
| Net income (loss) from continuing operations | $522 | $1,357 |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 64 | 148 |
| Accretion of Series B Preferred Stock | 75 | — |
| Amortization of bond premium and discount, net | (108) | (167) |
| Net realized investment (gains) losses | (3) | — |
| Change in fair value of equity securities | 192 | (43) |
| Stock-based compensation expenses | 15 | 32 |
| Other | — | (580) |
| Change in fair value of contingent considerations | (4,395) | — |
| Changes in operating assets and liabilities: | ||
| (Increase) decrease in: | ||
| Premiums and agents' balances and other receivables | 333 | 5,864 |
| Reinsurance recoverables | 1,871 | 4,544 |
| Prepaid reinsurance premiums | 685 | 8,422 |
| Deferred policy acquisition costs | (267) | (371) |
| Other assets | 71 | 174 |
| Increase (decrease) in: | ||
| Unpaid losses and loss adjustment expenses | (12,923) | 1,214 |
| Unearned premiums | 55 | (9,919) |
| Funds held under reinsurance agreements | (4,823) | (339) |
| Reinsurance premiums payable | 2,487 | 2,153 |
| Premiums payable to other insureds | — | (6,264) |
| Accounts payable and other liabilities | 889 | 1,187 |
| Net cash provided by (used in) operating activities - discontinued operations | - | 763 |
| Net cash provided by (used in) operating activities | (15,260) | 8,175 |
| Cash Flows From Investing Activities | ||
| Purchase of investments | (64,055) | (52,396) |
| Proceeds from maturities and redemptions of investments | 7,428 | 1,764 |
| Proceeds from sales of investments | 47,014 | 49,074 |
| Net cash provided by (used in) investing activities | (9,613) | (1,558) |
| Cash Flows From Financing Activities | ||
| Issuance of stock warrants | 1,924 | — |
| Issuance of Series B Preferred Stock | 5,576 | — |
| Dividends paid on Series A Preferred Stock | — | (176) |
| Repayment of long-term debt | — | (250) |
| Net cash provided by (used in) financing activities | 7,500 | (426) |
| Net increase (decrease) in cash | (17,373) | 6,191 |
| Cash at beginning of period | 27,654 | 11,125 |
| Cash at end of period | 10,281 | 17,316 |
| Less: Cash and cash equivalents of discontinued operations at the end of period | — | 1,225 |
| Cash and cash equivalents of continuing operations at the end of period | $10,281 | $16,091 |
| Supplemental Disclosure of Cash Flow Information: | ||
| Interest paid | $541 | $964 |
| Income taxes paid (refunded), net | (75) | — |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.