---
schema_version: "secwatch.filing_event.v1"
accession: "0001706397-23-000007"
form_type: "8-K"
ticker: "PRA"
cik: "0001127703"
company_name: "PROASSURANCE CORP"
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T08:41:25.815897+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ProAssurance reports Q3 net loss of $49.4M ($0.95/share); operating loss $3.7M

## Summary
- Net loss of $49.4M ($0.95 diluted EPS); operating loss of $3.7M ($0.07).
- Gross premiums written $320M (+4% YoY); new business written $29M (+82%).
- Unfavorable prior-year reserve development of $8M related to Workers' Comp.
- Consolidated combined ratio 116.7%; operating ratio 103.2%.
- Net investment income $33M (+32%); adjusted book value $25.67, down $0.32 since Dec 2022.

## SEC filing metadata
- accession: 0001706397-23-000007
- form_type: 8-K
- ticker: PRA
- cik: 0001127703
- company_name: PROASSURANCE CORP
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1127703/000170639723000007/0001706397-23-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1127703/000170639723000007/pra-20231108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001706397-23-000007
- JSON: https://secwatch.observer/filing/0001706397-23-000007.json
- Plain text: https://secwatch.observer/filing/0001706397-23-000007.txt

## Key facts
- Earnings Releases
  PROASSURANCE CORP reported for the quarter ended September 30, 2023 results: net income net loss of $49.4 million, or $0.95 per diluted share, EPS $0.95 per diluted share.
  - Period: for the quarter ended September 30, 2023
  - Net income: net loss of $49.4 million, or $0.95 per diluted share
  - EPS: $0.95 per diluted share
  - Result: reported results
  source text: the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ̈ 1 ITEM 2.02 RESULTS OF OPERATION AND FINANCIAL CONDITION On November 8, 2023 we issued a news release reporting the results of our operations for the quarter and nine months ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1127703/000170639723000007/0001706397-23-000007-index.htm
- Earnings Releases
  PROASSURANCE CORP reported for the three months ended September 30, 2023 results: net income net loss of $49.4 million, or $0.95 per diluted share, EPS $0.95 per diluted share.
  - Period: for the three months ended September 30, 2023
  - Net income: net loss of $49.4 million, or $0.95 per diluted share
  - EPS: $0.95 per diluted share
  - Result: reported results
  source text: ProAssurance Reports Results for Third Quarter 2023 BIRMINGHAM, AL – (BUSINESSWIRE) – November 8, 2023 – 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1127703/000170639723000007/0001706397-23-000007-index.htm

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