earnings
confidence high
sentiment positive
materiality 0.55
ProAssurance reports Q2 2024 net income $15.5M, EPS $0.30; operating income $11.5M
PROASSURANCE CORP
2024-Q2 EPS reported
$0.39
revenue$575,053,000
- Net income $15.5M ($0.30 diluted EPS); operating income $11.5M ($0.23 diluted EPS).
- Medical Professional Liability renewal pricing increased 9% in Q2, reflecting underwriting actions.
- Net investment income rose 16% YoY, benefiting from higher interest rates.
- Book value per share $22.15; adjusted book value per share $26.18.