ProAssurance reports near-breakeven FY2022 net loss; Specialty P&C combined ratio 104.2%

PROASSURANCE CORP

FY2022 net loss of $0.4M; non-GAAP operating income $24.5M ($0.45 diluted EPS).
Specialty P&C segment combined ratio 104.2% (vs 101.2% in 2021); renewal rate increases of 10% for Specialty Healthcare.
Workers' Comp combined ratio improved to 99.9% (from 101.5% in 2021).
President of Specialty P&C Mike Boguski to retire on June 30, 2023.
AM Best and Fitch ratings outlooks moved to Stable in 2022.

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