ProAssurance Q1 operating EPS $0.08; board reduces to 10 with new directors

PROASSURANCE CORP

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

Operating EPS of $0.08 vs loss of $0.14 in Q1 2023; net income $4.6M.
Specialty P&C combined ratio 108.0% (improved from 113.6% YoY); Workers' Comp combined ratio 112.3%.
Shareholders elected Richard J. Bielen and Staci M. Pierce as directors; board reduced from 12 to 10.
Share repurchases total $50.5M since May 2023; cash dividend suspended.
Gross premiums written $311.3M, down slightly from $315.8M YoY.

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