Presurance Holdings Inc. 9.75% Senior Unsecured Notes due 2028 (PRHIZ)

FairStock Score: 23/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach PRHIZ first as a credit, not as an equity story. Presurance is a tiny specialty property-and-casualty insurance holding company with 12 employees, so I want durable underwriting and a margin of safety before I trust a 9.75% coupon. The filed record is not reassuring: fiscal 2023 revenue was $90.5M with a $25.9M net loss; fiscal 2024 revenue was $67.3M with $24.3M net income; fiscal 2025 revenue fell to $43.3M and produced an $18.4M loss. That is a violent swing, not the stable earning power Graham favored. The recent fiscal Q1 2026 and Q2 2026 filings show positive net income of $2.6M and $2.5M, respectively, which is a hopeful turn, but Q2 revenue of $9.1M was below Q1's $11.5M, so I would not annualize it yet. FairStock's calculated P/B is 3.40, ROE is -56.67%, ROCE is -3.34%, and debt-to-equity is 0.73; its FairStock Score is 23/100 and Lynch category is TURNAROUND, loss in the latest year after earlier profits. For senior unsecured notes due 2028, the key issue is company-level cash flow and asset protection, and the supplied data do not give interest coverage. At $25.17 on the 2026-10-22 close, the price is above a $25 par convention, so there is little price discount for the volatility. I see a high-coupon credit with turnaround hope but thin evidence of a durable moat or balance-sheet cushion.

In plain English: Presurance is a small specialty property-and-casualty insurer. Its results are uneven: it lost money in fiscal 2025 after a profit in fiscal 2024, and revenue fell. At $25.17, the 9.75% notes due 2028 look fairly full rather than cheap for the risk.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-22 close · note generated 2026-10-28 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer