ProAssurance Q3 Earnings Beat on Strong Net Investment Income [Yahoo! Finance]
ProAssurance Corporation (PRA)
Last proassurance corporation earnings: 2/20 04:25 pm
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Source: Yahoo! Finance
The strong quarterly earnings benefited from strong underwriting results in the Specialty P&C segment, significant growth in investment income, higher yields and a decline in expenses. Deteriorating profitability in the Segregated Portfolio Cell Reinsurance unit acted as a partial offset. PRA reported a third-quarter 2024 adjusted operating income of 34 cents per share, which surpassed the Zacks Consensus Estimate of 12 cents. The bottom line rose significantly from a loss of 7 cents in the year-ago period. Operating revenues declined by a whisker year over year to $278.2 million. However, the top line beat the consensus mark by 2.8%. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar ProAssurance Corporation price-consensus-eps-surprise-chart | ProAssurance Corporation Quote Gross premiums written of $307.9 million slipped 3.7% year over year. Net premiums earned rose 0.3% year over year to $243.2 million, resulting from renewal pricing increases in th
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PRA
News
- ProAssurance Co. (NYSE: PRA) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- ProAssurance Co. (NYSE: PRA) had its price target raised by analysts at Truist Financial Co. from $14.00 to $18.00. They now have a "hold" rating on the stock.MarketBeat
- ProAssurance Co. (NYSE: PRA) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- ProAssurance Co. (NYSE: PRA) was downgraded by analysts at Piper Sandler from an "overweight" rating to a "neutral" rating. They now have a $18.00 price target on the stock.MarketBeat
- ProAssurance Corp (PRA) Q3 2024 Earnings Call Highlights: Strong Reserve Development Amidst ... [Yahoo! Finance]Yahoo! Finance
PRA
Earnings
- 11/7/24 - Beat
PRA
Sec Filings
- 11/14/24 - Form SC
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- PRA's page on the SEC website