ProAssurance Reports Results for First Quarter 2024
ProAssurance Corporation (PRA)
Last proassurance corporation earnings: 2/20 04:25 pm
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US:NYSE Investor Relations:
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Source: Business Wire
BIRMINGHAM, Ala.--(BUSINESS WIRE)--ProAssurance Corporation (NYSE: PRA) reports net income of $4.6 million, or $0.09 per diluted share, and operating income(1) of $4.2 million, or $0.08 per diluted share, for the three months ended March 31, 2024.First Quarter 2024(2)Gross premiums written: $311 million (-1%)New business written: $20 million (+7%)Strong renewal pricing increases in medical professional liability business (+8%)Consolidated current accident year loss ratio of 79.9% (3 point improvement)Consolidated combined ratio of 111.6% (2 point improvement)Net investment income of $34 million (+12%)Consolidated operating ratio of 97.7%, (4 point improvement)Book value per share of $21.82 as of March 31, 2024(1)Represents a Non-GAAP financial measure. See a reconciliation to its GAAP counterpart under the heading “Non-GAAP Financial Measures” that follows.(2)Comparisons are to the first quarter of 2023 unless otherwise notedManagement Commentary & Results of Operations“Operating
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News
- Caresyntax gears up to grow digital surgery platform [Yahoo! Finance]Yahoo! Finance
- ProAssurance Corporation (NYSE:PRA) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- ProAssurance Co. (NYSE: PRA) had its price target raised by analysts at Truist Financial Co. from $14.00 to $16.00. They now have a "hold" rating on the stock.MarketBeat
- ProAssurance First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- ProAssurance (PRA) Q1 Earnings Beat on Specialty P&C Unit [Yahoo! Finance]Yahoo! Finance
PRA
Earnings
- 5/6/24 - Beat
PRA
Sec Filings
- 5/6/24 - Form DEFA14A
- 5/6/24 - Form 10-Q
- 5/6/24 - Form 8-K
- PRA's page on the SEC website