ProAssurance Q1 net loss $5.8M ($0.11/sh), operating income $6.8M; The Doctors Company acquisition for $25/share

PROASSURANCE CORP

2025-Q1 EPS reported -$0.11 revenue$272,079,000

Net loss of $5.8M ($0.11 diluted loss); operating income of $6.8M ($0.13 diluted share).
Specialty P&C net premiums stable at $204.5M; renewal increases 8%, retention 84% (86% standard physicians MPL).
Consolidated Non-GAAP combined ratio improved 0.3 points; net investment income up 9%.
Book value per share $24.05, up $0.56 from year-end; adjusted book value $26.68.
Agreement for The Doctors Company to acquire ProAssurance for $25.00/share; expected close first half 2026.

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