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Presurance pivots to Texas homeowners as commercial lines shrink
Presurance said its Q2 accident year combined ratio was essentially breakeven for current business, while 31 points of its headline combined ratio came from favorable prior-year reserve development.
Presurance Holdings posted net income of $2.5 million in the second quarter of 2026, up from $2.1 million a year earlier, while narrowing its focus to Texas homeowners insurance as it continued exiting legacy commercial lines. Texas homeowners represented 100% of its gross written premiums in Q2, after the company wrote $13.1 million in gross written premiums for the quarter, down 38% year over year.
The insurer’s reported combined ratio for the quarter was 69.5%, but the improvement was not driven solely by underwriting performance in the period. Insurance Business reported that 31 percentage points of the combined ratio came from favorable prior year reserve development, meaning the quarter benefited from losses from earlier periods settling below prior estimates. After removing prior year development, the accident year combined ratio was 100.5% for Q2, described as essentially breakeven on current-year business.
Looking at the first half, Presurance’s accident year combined ratio was 104.3% versus 127.7% in the same period of 2025, reflecting a material change in underlying performance. The outlet said CEO Brian Roney attributed the results to management changes over roughly the past 21 months, including strengthening both underwriting and claims management.
Presurance’s pivot also reflects the competitive and risk-heavy profile of the Texas homeowners market, Insurance Business noted. It cited state data showing average Texas homeowners premiums rose 21% in 2023 and 19% in 2024, alongside disruption from hail and severe convective storm losses in areas including the Dallas Fort Worth corridor and central Texas, with rate changes moderating heading into 2026.