secwatch.observer — SEC 8-K summary
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Issuer:     PROASSURANCE CORP (PRA)
CIK:        0001127703
Form:       8-K
Filed at:   2022-09-09T23:59:59+00:00
Accession:  0001910277-22-000020
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ProAssurance reports Q2 2022 net loss of $1.7M, down from $92.1M net income in prior year; combined ratio 100.8%
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- Q2 2022 net loss $1.7M versus net income $92.1M in Q2 2021; non-GAAP operating income fell to $16.3M from $26.6M.
- Gross premiums written grew 13% to $235.5M, driven by NORCAL acquisition; net premiums earned up $247.3M from $239.0M.
- Net investment losses of $23.9M in Q2 2022 compared to gains of $10.8M in prior year; total revenues fell to $255.8M from $281.6M.
- Specialty P&C combined ratio 100.8% (vs 100.2% LY); Workers' Comp combined ratio 99.8% (vs 99.6% LY).
- Book value per share $21.63; total assets $5.9B; A.M. Best rating 'A' affirmed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1127703/000191027722000020/0001910277-22-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1127703/000191027722000020/pra-20220909.htm
  HTML page:      https://secwatch.observer/filing/0001910277-22-000020

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