secwatch.observer — SEC 8-K summary
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Issuer:     PROASSURANCE CORP (PRA)
CIK:        0001127703
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001875246-23-000021
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1127703/000187524623000021/0001875246-23-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1127703/000187524623000021/pra-20230814.htm
  HTML page:      https://secwatch.observer/filing/0001875246-23-000021

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