secwatch.observer — SEC 8-K summary
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Issuer:     PROASSURANCE CORP (PRA)
CIK:        0001127703
Form:       8-K
Filed at:   2022-05-20T23:59:59+00:00
Accession:  0001910277-22-000008
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ProAssurance Q1 net loss $3.6M; non-GAAP operating EPS $0.14 improves from $0.04
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- Gross premiums written rose 49% YoY to $335.6M, driven by NORCAL acquisition.
- Specialty P&C combined ratio 105.5% vs 110.3% a year ago; rate increases of 8-12%.
- Net investment losses of $13.5M vs gains $8.8M; unrealized losses hit equity by $141M.
- Debt to capital at 25%; $426M debt including $176M NORCAL contribution certificates.
- Workers' Comp segment combined ratio 98.9%; SPC reinsurance combined ratio 82.1%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1127703/000191027722000008/0001910277-22-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1127703/000191027722000008/pra-20220520.htm
  HTML page:      https://secwatch.observer/filing/0001910277-22-000008

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