ProAssurance Q2 net loss $0.03/share; operating EPS $0.30; gross premiums up 13%

PROASSURANCE CORP

2022-Q2 EPS reported -$0.10 revenue$538,897,000

Net loss $1.7M ($0.03 diluted); operating income $16.3M ($0.30 diluted).
Gross premiums written $235.5M (+13% YoY); net premiums earned $247M (+4%).
Favorable prior accident year reserve development $19M (+38%).
Combined ratio (excl transaction costs) 102.9%, down 2.5 pts from Q1.
Net investment income $22M (+26%); adjusted book value $25.96, down $0.20 from YE.

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