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ProAssurance Announces Preliminary Results for Fourth Quarter 2018

ProAssurance Corp (PRA)  More Company Research Source: Business Wire
Last proassurance corp earnings: 2/21 04:25 pm Check Earnings Report
US:NYSE Investor Relations: proassurance.com
PDF BIRMINGHAM, Ala.--(BUSINESS WIRE)-- ProAssurance Corporation (NYSE: PRA) today announced preliminary per share results for the fourth quarter of 2018. We expect to report a net loss of between $0.45 and $0.47 per basic and diluted share and positive Non-GAAP operating earnings of between $0.17 and $0.19 per diluted share when we release final fourth quarter results on February 21, 2019. Net income in the quarter will be adversely impacted by mark-to-market losses on our equity trading portfolio which resulted in net realized losses of approximately $46 million, in line with the broader performance of the equity markets in the last quarter of the year. The performance of the financial markets in the quarter will also contribute to a decline in our equity in earnings of unconsolidated subsidiaries which we estimate will be approximately $3.3 million. Our Lloyd’s Syndicates segment is expected to re [Read more]

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