ProAssurance Q2 net income $10.6M vs -$1.7M YoY; operating EPS $0.16 vs $0.30

PROASSURANCE CORP

2023-Q2 EPS reported $0.08 revenue$564,506,000

Q2 2023 net premiums earned $247.9M (flat YoY); total revenues $291.8M vs $255.8M.
Net investment result $38.3M (up from $27.1M) including $2.9M net gains.
Specialty P&C combined ratio 107.6% (vs 100.8%); Workers' Comp 107.7% (vs 99.8%).
Non-GAAP operating income per diluted share $0.16 vs $0.30 in Q2 2022.
Plans to refinance $250M 5.3% notes due Nov 2023 with delayed draw term loan.

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