---
schema_version: "secwatch.filing_event.v1"
accession: "0001127703-26-000018"
form_type: "8-K"
ticker: "PRA"
cik: "0001127703"
company_name: "PROASSURANCE CORP"
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:13:34.182803+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# ProAssurance Q1 operating income $12.7M; merger with Doctors Company targets June 30 close

## Summary
- 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.

## SEC filing metadata
- accession: 0001127703-26-000018
- form_type: 8-K
- ticker: PRA
- cik: 0001127703
- company_name: PROASSURANCE CORP
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1127703/000112770326000018/0001127703-26-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1127703/000112770326000018/pra-20260505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001127703-26-000018
- JSON: https://secwatch.observer/filing/0001127703-26-000018.json
- Plain text: https://secwatch.observer/filing/0001127703-26-000018.txt

## Key facts
- Earnings Releases
  PROASSURANCE CORP reported the three months ended March 31, 2026 results: net income net income of $8.5 million, or $0.16 per diluted share, EPS $0.16 per diluted share.
  - Period: the three months ended March 31, 2026
  - Net income: net income of $8.5 million, or $0.16 per diluted share
  - EPS: $0.16 per diluted share
  - Result: reported results
  source text: reported net income of $8.5 million, or $0.16 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1127703/000112770326000018/0001127703-26-000018-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.