---
schema_version: "secwatch.filing_event.v1"
accession: "0001910277-23-000015"
form_type: "8-K"
ticker: "PRA"
cik: "0001127703"
company_name: "PROASSURANCE CORP"
filed_at: "2023-06-15T23:59:59+00:00"
generated_at: "2026-06-13T23:42:48.116039+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# ProAssurance reports Q1 2023 net loss of $6.2M, combined ratio of 114.3% in investor presentation

## Summary
- Q1 2023 net loss of $6.2M; non-GAAP operating loss of $8.1M ($0.15 diluted).
- Specialty P&C combined ratio 114.3% (vs 105.5% YoY); Workers' Comp combined ratio 107.4% (vs 98.9% YoY).
- Renewal rate increases: Specialty Healthcare +10%, Standard Physicians +7%.
- Net investment income rose to $29.7M from $20.1M YoY; fixed-maturity portfolio yield 2.9%.
- Plans to refinance $250M 5.3% senior notes due Nov 2023 using new credit facility and swaps.

## SEC filing metadata
- accession: 0001910277-23-000015
- form_type: 8-K
- ticker: PRA
- cik: 0001127703
- company_name: PROASSURANCE CORP
- filed_at: 2023-06-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1127703/000191027723000015/0001910277-23-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1127703/000191027723000015/pra-20230614.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001910277-23-000015
- JSON: https://secwatch.observer/filing/0001910277-23-000015.json
- Plain text: https://secwatch.observer/filing/0001910277-23-000015.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.