earnings
confidence high
sentiment neutral
materiality 0.65
ProAssurance Q1 operating income $12.7M; merger with Doctors Company targets June 30 close
PROASSURANCE CORP
2026-Q1 EPS reported
$0.16
revenue$262,634,000
- Net income $8.5M ($0.16 diluted EPS); operating income $12.7M ($0.25 diluted EPS).
- Consolidated net premiums written $258.6M; Specialty P&C renewal premium increases 6% (cumulative >80% since 2018).
- Non-GAAP combined ratio improved 2.3 points to 109.9%; expense ratio improved 0.3 points.
- Merger with The Doctors Company awaits regulatory approvals in CA and PA; target close by June 30, 2026.
- Book value per share $25.94, down $0.30 from year-end; adjusted book value $27.86.
item 2.02item 9.01