PRA - Earnings announcements

ProAssurance Corporation (NYSE:PRA), an industry-leading specialty insurer with extensive expertise in medical professional liability and a core small-cap value equity in the financials sector, today reported net income of $16.2 million, or $0.31 per diluted share, and operating income(1) of $18.3 million, or $0.36 per diluted share, for the three months ended December 31, 2024. For full-year 2024, ProAssurance reported net income of $52.7 million, or $1.03 per diluted share, and operating income(1) of $48.6 million, or $0.95 per diluted share. Fourth Quarter 2024(2) Highlights Specialty P&C segment combined ratio(1) of 100.9% demonstrates another quarter of progress from management's

Investor call to be held at 10:00 a.m. ET on Tuesday, February 25 ProAssurance Corporation (NYSE:PRA) will issue its news release and file its Form 10-K after the market closes on Monday, February 24, 2025. The release and 10-K will be available on the Company's website at investor.proassurance.com. ProAssurance will conduct its Fourth-Quarter and Full-Year 2024 quarterly conference call with analysts and investors to discuss the results and other information on Tuesday, February 25, 2025, at 10:00 a.m. ET. Preregistration for the call is available here and the dial-in numbers are (833) 470-1428 (toll free) or (404) 975-4839, access code 927016. Investors are encouraged to listen to t

ProAssurance Corporation (NYSE:PRA), an industry-leading specialty insurer with extensive expertise in medical professional liability and a core small-cap value equity in the financials sector, today reported net income of $16.4 million, or $0.32 per diluted share, and operating income(1) of $17.3 million, or $0.34 per diluted share, for the three months ended September 30, 2024. Third Quarter 2024(2) Specialty P&C segment combined ratio of 99.5% demonstrates progress resulting from management's ongoing actions focused on achieving sustained profitability Net investment income increased 14% as we take advantage of the current interest rate environment as the portfolio matures Earning

Investor call to be held at 10:00 a.m. ET on Friday, November 8 ProAssurance Corporation (NYSE:PRA) will issue its news release and file its Form 10-Q regarding third quarter 2024 results after the market closes on Thursday, November 7, 2024. The release and 10-Q will be available on the Company's website at investor.proassurance.com. ProAssurance will conduct its quarterly conference call with analysts and investors to discuss the results and other information on Friday, November 8, 2024, at 10:00 a.m. ET. Preregistration for the call is available here and the dial-in numbers are (833) 470-1428 (toll free) or (404) 975-4839, access code 070621. Investors are encouraged to listen to the

ProAssurance Corporation (NYSE:PRA), an industry-leading specialty insurer with extensive expertise in medical professional liability and a core small-cap value equity in the financials sector, today reported net income of $15.5 million, or $0.30 per diluted share, and operating income(1) of $11.5 million, or $0.23 per diluted share, for the three months ended June 30, 2024. Second Quarter 2024(2) Insurance underwriting results, including 9% renewal pricing increases in Medical Professional Liability (MPL) business, illustrate management's ongoing actions to achieve sustained profitability Net investment income increased 16% as we take advantage of the higher interest rate environme

Investor call to be held at 10:30 a.m. ET on Friday, August 9 ProAssurance Corporation (NYSE:PRA) will issue its news release and file its Form 10-Q regarding second quarter 2024 results after the market closes on Thursday, August 8, 2024. The release and 10-Q will be available on the Company's website at investor.proassurance.com. ProAssurance will conduct its quarterly conference call with analysts and investors to discuss the results and other information on Friday, August 9, 2024, at 10:30 a.m. ET. Preregistration for the call is available here and the dial-in numbers are (833) 470-1428 (toll free) or (404) 975-4839, access code 120351. Investors are encouraged to listen to the li

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 a

ProAssurance Corporation (NYSE:PRA) will report results for the quarter ended March 31, 2024 after the close of normal New York Stock Exchange trading on Monday, May 6, 2024. ProAssurance will conduct a conference call at 10:00 AM ET on Tuesday, May 7, 2024 to discuss the results and other items of interest to investors participating in the call. We invite US-based investors to participate by dialing either (833) 470-1428 (toll free) or (404) 975-4839. International investors are invited to participate using country-specific dial-in numbers that may be found using this link: https://www.netroadshow.com/events/global-numbers?confId=63389. The access code for all attendees is 923054. Plea

ProAssurance Corporation (NYSE:PRA) reports net income of $6.4 million, or $0.12 per diluted share, and an operating loss(1) of $2.5 million, or $0.05 per diluted share, for the three months ended December 31, 2023. Fourth Quarter 2023(2) Gross premiums written: $209 million (-7%) New business written: $24 million (+103%) Favorable prior accident year reserve development of $3 million driven primarily by our Segregated Portfolio Cell Reinsurance segment Consolidated combined ratio of 112.0% Consolidated operating ratio of 98.4% Net investment income of $34 million (+17%) Book value per share of $21.82 as of December 31, 2023 improved 7%, driven by $88 million of after

ProAssurance Corporation (NYSE:PRA) will report results for the year and quarter ended December 31, 2023 after the close of normal New York Stock Exchange trading on Tuesday, February 27, 2024. ProAssurance will conduct a conference call at 10:00 AM ET on Wednesday, February 28, 2024 to discuss the results and other items of interest to investors participating in the call. US-based investors are invited to participate by phone by dialing either (833) 470-1428 (toll free) or (404) 975-4839 (local). International investors may find a toll-free number here: www.netroadshow.com/events/global-numbers?confId=60355. The access code for all attendees is 688177. Callers may also choose to pre-re

ProAssurance Corporation (NYSE:PRA) reports a net loss of $49.4 million, or $0.95 per diluted share, and an operating loss(1) of $3.7 million, or $0.07 per diluted share, for the three months ended September 30, 2023. Third Quarter 2023(2) Gross premiums written: $320 million (+4%) New business written: $29 million (+82%) Unfavorable prior accident year reserve development of $8 million related to our Workers' Compensation Insurance business. Consolidated combined ratio of 116.7% Consolidated operating ratio of 103.2% Net investment income of $33 million (+32%) Adjusted book value per share(1) of $25.67 as of September 30, 2023 a decrease of $0.32 per share since Dece

ProAssurance Corporation (NYSE:PRA) will report results for the quarter ended September 30, 2023 after the close of normal New York Stock Exchange trading on Wednesday, November 8, 2023. ProAssurance will conduct a conference call at 10:00 AM ET on Thursday, November 9, 2023 to discuss the results and other items of interest to investors participating in the call. We invite US-based investors to participate by dialing either (833) 470-1428 (toll free) or (404) 975-4839. International investors are invited to participate using country-specific dial-in numbers that may be found using this link: https://www.netroadshow.com/events/global-numbers?confId=53156. The access code for all attendees

ProAssurance Corporation (NYSE:PRA) reports net income of $10.6 million, or $0.20 per diluted share, and operating income(1) of $8.6 million, or $0.16 per diluted share, for the three months ended June 30, 2023. Highlights - Second Quarter 2023(2) Gross premiums written of $238 million (+1%) New business written increased to $19 million (+58%) Favorable prior accident year reserve development of $6 million Consolidated combined ratio of 108.2% Consolidated operating ratio of 95.4% Net investment income of $32 million (+44%) Net investment income increased by $10 million compared to 2022 Adjusted book value per share(1) of $26.31 as of June 30, 2023. Adjusted book

ProAssurance Corporation (NYSE:PRA) will report results for the quarter ended June 30, 2023 after the close of normal New York Stock Exchange trading on Tuesday, August 8th, 2023. ProAssurance will conduct a conference call at 10:00 AM ET on Wednesday, August 9th, 2023 to discuss the results and other items of interest to investors participating in the call. US-based investors are invited to participate by phone by dialing either (833) 470-1428 (toll free) or (404) 975-4839 (local). International investors may find a toll-free number here: https://www.netroadshow.com/events/global-numbers?confId=53156. The access code for all attendees is 644047. Callers may also choose to pre-register

ProAssurance Corporation (NYSE:PRA) reports a net loss of $6.2 million, or $0.11 per diluted share, and an operating loss(1) of $8.1 million, or $0.15 per diluted share, for the three months ended March 31, 2023. Highlights - First Quarter 2023(2) Gross premiums written of $316 million (-6%) Unfavorable prior accident year reserve development of $7 million Consolidated combined ratio of 113.9% Consolidated operating ratio of 101.3% Net investment income of $30 million (+48%) Net investment income increased by $10 million compared to 2022 Adjusted book value per share(1) of $25.81 as of March 31, 2023. Adjusted book value per share was $25.99 as of December 31, 2022.

ProAssurance Corporation (NYSE:PRA) will report results for the quarter ended March 31, 2023 after the close of normal New York Stock Exchange trading on Tuesday, May 9th, 2023. ProAssurance will conduct a conference call at 10:00 AM ET on Wednesday, May 10th, 2023 to discuss the results and other items of interest to investors participating in the call. US-based investors are invited to participate by phone by dialing either (833) 470-1428 (toll free) or (404) 975-4839 (local). International investors may find a toll-free number here: https://www.netroadshow.com/events/global-numbers?confId=49320. The access code for all attendees is 881898. The conference call will also be webcast at ht

ProAssurance Corporation (NYSE:PRA) reports net income of $13.9 million, or $0.26 per diluted share, and operating income(1) of $3.5 million, or $0.06 per diluted share, for the three months ended December 31, 2022. Highlights - Fourth Quarter and Full Year 2022(2) Gross premiums written of $224 million (+3%) and $1.1 billion (+15%) Favorable prior accident year reserve development of $5 million and $37 million Consolidated combined ratio of 104.2% and 105.3% Consolidated operating ratio of 93.0% and 96.0% The full year operating ratio improved by 1.7 points compared to 2021 Net investment income of $29 million (+53%) and $96 million (+36%) The full year net investment inco

ProAssurance Corporation (NYSE:PRA) will report results for the quarter and year ended December 31, 2022 after the close of normal New York Stock Exchange trading on Monday, February 27th, 2023. ProAssurance will conduct a conference call at 10:00 AM ET on Tuesday, February 28th, 2023 to discuss the results and other items of interest to investors participating in the call. US-based investors are invited to participate by phone by dialing either (844) 200-6205 (toll free) or (646) 904-5544 (local), and international investors may dial +1 (929) 526-1599. The access code for all attendees is 935700. The conference call will also be webcast at https://events.q4inc.com/attendee/666820948. A t

The board of directors of ProAssurance Corporation (NYSE:PRA) declared a cash dividend of $0.05 per common share, payable on January 10, 2023 to shareholders of record as of December 22, 2022. Our dividend policy anticipates a total annual dividend of $0.20 per share paid in equal quarterly installments. However, any decision to pay future cash dividends will be subject to the Board's final determination after a comprehensive review of the company's financial performance, future expectations, and other factors deemed relevant by the Board. Today our board also set May 24, 2023 as the date of the 2023 Annual Meeting of Shareholders to be held at our headquarters in Birmingham, Alabama. The

ProAssurance Corporation (NYSE:PRA) reports a net loss of $9.1 million, or $0.17 per diluted share, and an operating loss(1) of $3.0 million, or $0.06 per diluted share, for the three months ended September 30, 2022. Highlights - Third Quarter 2022(2) Gross premiums written of $308 million in the quarter, in line with a year ago and driven by strong premium retention and renewal pricing increases in the Specialty P&C segment Favorable prior accident year reserve development of $7 million Consolidated combined ratio of 107.9%, up 1.3 points Consolidated operating ratio of 98.3%, improving 1.2 points Net investment income of $25 million, an increase of 28% Equity in losses of unc

ProAssurance Corporation (NYSE:PRA) will report results for the quarter ended September 30, 2022 after the close of normal New York Stock Exchange trading on Tuesday, November 8, 2022. ProAssurance will conduct a conference call at 10:00 AM ET on Wednesday, November 9, 2022 to discuss the results and other items of interest to investors participating in the call. US-based investors are invited to participate by phone by dialing either (844) 200-6205 (toll free) or (646) 904-5544 (local), and international investors may dial +1 (929) 526-1599. The access code for all attendees is 941354. The conference call will also be webcast at https://events.q4inc.com/attendee/266929465. A telephone re

ProAssurance Corporation (NYSE:PRA) reports a net loss of $1.7 million, or $0.03 per diluted share, and operating income(1) of $16.3 million, or $0.30 per diluted share, for the three months ended June 30, 2022. Highlights - Second Quarter 2022(2) Gross premiums written increased to $235.5 million (+13%) and net premiums earned increased to $247 million (+4%) Favorable prior accident year reserve development of $19 million (+38%) Consolidated combined ratio, excluding transaction-related costs, of 102.9%, down 2.5 points from first quarter 2022 and up 3.0 points from second quarter 2021 Net investment income increased to $22 million (+26%) Operating ROE(1) of 5.3 %, up 3.1 points

ProAssurance Corporation (NYSE:PRA) will report results for the quarter ended June 30, 2022 after the close of normal New York Stock Exchange trading on Monday, August 8, 2022. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220701005039/en/ ProAssurance will conduct a conference call at 10:00 AM ET on Tuesday, August 9, 2022 to discuss the results and other items of interest to investors participating in the call. US-based investors are invited to participate by phone by dialing either (844) 200-6205 (toll free) or (646) 904-5544 (local), and international investors may dial +1 (929) 526-1599. The access code for all attendees is

ProAssurance Corporation (NYSE:PRA) reports a net loss of $3.6 million, or $0.07 per diluted share, and operating income(1) of $7.7 million, or $0.14 per diluted share, for the three months ended March 31, 2022. (1) Operating income is a Non-GAAP financial measure. See a reconciliation of the net loss to Non-GAAP operating income under the heading "Non-GAAP Financial Measures" that follows. Highlights - First Quarter 2022(2) Gross premiums written increased to $335.6 million (+49.3%) and net premiums earned increased to $265.7 million (+41.8%), driven by the addition of NORCAL premiums to the Specialty Property & Casualty segment Targeted application of pricing increases and

ProAssurance Corporation (NYSE:PRA) will report results for the quarter ended March 31, 2022 after the close of normal New York Stock Exchange trading on Monday, May 9, 2022. ProAssurance will conduct a conference call at 10:00 AM ET on Tuesday, May 10, 2022 to discuss the results, and other items of interest to investors participating in the call. US-based investors are invited to participate by phone by dialing either (844) 200-6205 (toll free) or (646) 904-5544 (local), and international investors may dial +1 (929) 526-1599. The access code for all attendees is 228317. The conference call will also be webcast through the Investor Relations section of ProAssurance.com. A telephone repla

ProAssurance Corporation (NYSE:PRA) reports net income of $32.1 million, or $0.59 per diluted share, and operating income(1) of $33.4 million, or $0.62 per diluted share, for the three months ended December 31, 2021. For the year ended December 31, 2021, the Company reports net income of $144.1 million, or $2.67 per diluted share, and operating income of $75.9 million, or $1.40 per diluted share. (1)Operating income is a Non-GAAP financial measure. See a reconciliation of net income to Non-GAAP operating income under the heading "Non-GAAP Financial Measures" that follows. Highlights - Fourth Quarter and Full Year 2021(2) Gross premiums written of $218.1 million (+34.8%)and $960.0 millio

ProAssurance Corporation (NYSE:PRA) will report results for the quarter and year ended December 31, 2021 after the close of normal New York Stock Exchange trading on Monday, February 21, 2022. ProAssurance will conduct a conference call at 10:00 am et on Tuesday, February 22, 2022 to discuss the results, and other items of interest to investors participating in the call. US-based investors are invited to participate by phone by dialing either (844) 200-6205 (toll free) or (646) 904-5544 (local), and international investors may dial +1 (929) 526-1599. The access code for all attendees is 548776. The conference call will also be webcast through the Investor Relations section of ProAssurance.

ProAssurance Corporation (NYSE:PRA) reports net income of $12.2 million, or $0.23 per diluted share, and operating income(1) of $13.8 million, or $0.25 per diluted share, for the three months ended September 30, 2021. (1)Operating income is a Non-GAAP financial measure. See a reconciliation of net income to Non-GAAP operating income under the heading "Non-GAAP Financial Measures" that follows. Highlights - Third Quarter 2021(2) $272.2 million in net premiums earned, an increase of approximately 40% Driven by the addition of NORCAL premiums to the Specialty Property & Casualty ("Specialty P&C") segment $8.6 million of net favorable prior accident year reserve development, driv

ProAssurance Corporation (NYSE:PRA) will report results for the quarter ended September 30, 2021 after the close of normal New York Stock Exchange trading on Monday, November 8, 2021. ProAssurance will conduct a conference call at 10:00 am et on Tuesday, November 9, 2021 to discuss the results, and other items of interest to investors participating in the call. US-based investors are invited to participate by phone by dialing either (844) 200-6205 (toll free) or (646) 904-5544 (local), and international investors may dial +1 (929) 526-1599. The access code for all attendees is 249636. The conference call will also be webcast through the Investor Relations section of ProAssurance.com. A te

ProAssurance Corporation (NYSE:PRA) reports net income of $92.1 million, or $1.70 per diluted share, and operating income(1) of $26.6 million, or $0.49 per diluted share, for the three months ended June 30, 2021. We will timely file our quarterly report on Form 10-Q on or before August 9, 2021. (1)Operating income is a Non-GAAP financial measure. See a reconciliation of net income to Non-GAAP operating income under the heading "Non-GAAP Financial Measures" that follows. Highlights - Second Quarter 2021(2) Consolidated net income includes a $74.4 million gain on bargain purchase related to the acquisition of NORCAL, partially offset by $20.3 million of pre-tax transaction-related co