secwatch.observer — SEC 8-K summary
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Issuer:     PROASSURANCE CORP (PRA)
CIK:        0001127703
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001910277-22-000024
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ProAssurance Q3 net loss of $9.1M vs year-ago profit; revenue down 12%
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- Q3 2022 net loss of $9.1M ($0.17 per share) vs net income of $12.2M in Q3 2021.
- Total revenues of $273.1M, down 11.8% from $309.7M a year ago.
- Specialty P&C combined ratio worsened to 106.7% from 104.3% due to higher expense ratio.
- Workers' Comp combined ratio improved to 100.5% from 106.3% on lower loss ratio.
- Book value per share fell to $19.75 from $26.46 at year-end 2021 due to $340.5M unrealized losses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1127703/000191027722000024/0001910277-22-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1127703/000191027722000024/pra-20221114.htm
  HTML page:      https://secwatch.observer/filing/0001910277-22-000024

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer