---
schema_version: "secwatch.filing_event.v1"
accession: "0001875246-24-000007"
form_type: "8-K"
ticker: "PRA"
cik: "0001127703"
company_name: "PROASSURANCE CORP"
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T10:41:37.417098+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# ProAssurance reports Q4 net income of $6.4M but operating loss; new business jumps 103%

## Summary
- Net income of $6.4M ($0.12 diluted EPS); operating loss of $2.5M (-$0.05 diluted EPS).
- Gross premiums written $209M (-7% YoY); new business $24M (+103% YoY).
- Consolidated combined ratio 112.0%; operating ratio 98.4%.
- Net investment income $34M (+17%); book value per share $21.82 (+7% from unrealized gains $88M after-tax).
- Favorable prior accident year reserve development $3M from Segregated Portfolio Cell Reinsurance.

## SEC filing metadata
- accession: 0001875246-24-000007
- form_type: 8-K
- ticker: PRA
- cik: 0001127703
- company_name: PROASSURANCE CORP
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1127703/000187524624000007/0001875246-24-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1127703/000187524624000007/pra-20240227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001875246-24-000007
- JSON: https://secwatch.observer/filing/0001875246-24-000007.json
- Plain text: https://secwatch.observer/filing/0001875246-24-000007.txt

## Key facts
- Earnings Releases
  PROASSURANCE CORP reported the quarter and year ended December 31, 2023 results: net income $6.4 million, EPS $0.12 per diluted share.
  - Period: the quarter and year ended December 31, 2023
  - Net income: $6.4 million
  - EPS: $0.12 per diluted share
  - Result: reported results
  source text: ProAssurance Reports Results for Fourth Quarter 2023 BIRMINGHAM, AL – (BUSINESSWIRE) – February 27, 2024 – ProAssurance Corporation (NYSE: PRA) reports net income of $6.4 million, or $0.12 per diluted share, and an operating loss (1) of $2.5 million, or $0.05 per diluted share, for the three months ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1127703/000187524624000007/0001875246-24-000007-index.htm

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