ProAssurance Reports Preliminary Loss Estimates in Healthcare Professional Liability
ProAssurance Corporation (PRA)
Last proassurance corporation earnings: 2/20 04:25 pm
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Source: Business Wire
BIRMINGHAM, Ala.--(BUSINESS WIRE)--ProAssurance Corporation (NYSE: PRA) today reported a preliminary estimate of $37 million of adverse development in our prior accident year loss reserves in the fourth quarter of 2019 in our Specialty Property & Casualty segment. This adverse development is in response to deteriorating loss experience, driven by a large national healthcare account written since 2016.In addition, the Company expects to book, in the quarter, a current accident year net loss ratio for the Specialty Property & Casualty segment between 134% and 148%. This also reflects deteriorating loss experience related to the previously noted national healthcare account and, to a lesser extent, in the healthcare professional liability excess and surplus lines of business. This business includes custom physicians, healthcare facilities, correctional healthcare, and long-term care policies. Loss estimates for the Company’s core physicians, podiatric, chiropractic, legal professional
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PRA
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- Here's Why ProAssurance Corporation (PRA) Fell in Q4 [Yahoo! Finance]Yahoo! Finance
PRA
Earnings
- 2/27/24 - Miss
PRA
Sec Filings
- 4/22/24 - Form 4/A
- 4/22/24 - Form 4/A
- 4/22/24 - Form 4/A
- PRA's page on the SEC website