ProAssurance Q1 net income $4.6M ($0.09 EPS); operating income $4.2M

PROASSURANCE CORP

2024-Q1 EPS reported $0.09 revenue$284,697,000

Net income $4.6M ($0.09 diluted EPS); operating income $4.2M ($0.08 diluted EPS).
Gross premiums written $311M (-1% YoY); new business $20M (+7%).
Current accident year loss ratio improved 3 pts to 79.9%; combined ratio 111.6% (2 pt improvement).
Net investment income $34M (+12%); book value per share $21.82.
Renewal pricing in medical professional liability up +8%.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

PROASSURANCE CORP reported the three months ended March 31, 2024 results: net income $4.6 million, EPS $0.09 per diluted share.

Period: the three months ended March 31, 2024
Net income: $4.6 million
EPS: $0.09 per diluted share
Result: reported results

Exact text from the filing

ProAssurance Reports Results for First Quarter 2024 BIRMINGHAM, AL – (BUSINESSWIRE) – May 6, 2024 – ProAssurance Corporation (NYSE: PRA) reports net income of $4.6 million, or $0.09 per diluted share, and operating income (1) of $4.2 million, or $0.08 per diluted share, for the three months ended March 31, 2024.

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PROASSURANCE CORP filing history →

Source: SEC EDGAR

accession 0001875246-24-000028

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