ProAssurance Q3 net income $16.4M; operating income $0.34/sh, combined ratio 99.5%

PROASSURANCE CORP

2024-Q3 EPS reported $0.71 revenue$860,304,000

Net income of $16.4M ($0.32 diluted EPS); operating income $17.3M ($0.34 diluted EPS).
Specialty P&C segment combined ratio improved to 99.5%, indicating underwriting profitability.
Net investment income increased 14% YoY, aided by higher interest rates and LP returns.
Book value per share rose to $24.07 from $21.82 at year-end 2023; adjusted book value $26.52.

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