secwatch.observer — SEC 8-K summary
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Issuer:     PROASSURANCE CORP (PRA)
CIK:        0001127703
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001875246-24-000007
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1127703/000187524624000007/0001875246-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1127703/000187524624000007/pra-20240227.htm
  HTML page:      https://secwatch.observer/filing/0001875246-24-000007

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