ProAssurance Reports Results for Third Quarter 2024
ProAssurance Corporation (PRA)
Last proassurance corporation earnings: 2/20 04:25 pm
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US:NYSE Investor Relations:
proassurance.com
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Source: Business Wire
BIRMINGHAM, Ala.--(BUSINESS WIRE)--ProAssurance Corporation (NYSE: PRA), an industry-leading specialty insurer with extensive expertise in medical professional liability and a core small-cap value equity in the financials sector, today reported net income of $16.4 million, or $0.32 per diluted share, and operating income(1) of $17.3 million, or $0.34 per diluted share, for the three months ended September 30, 2024.Third Quarter 2024(2)Specialty P&C segment combined ratio of 99.5% demonstrates progress resulting from management’s ongoing actions focused on achieving sustained profitabilityNet investment income increased 14% as we take advantage of the current interest rate environment as the portfolio maturesEarnings benefited from solid returns from limited partnership investments (reported as equity in earnings of unconsolidated subsidiaries)Book value per share was $24.07 at September 30, 2024, up $2.25 from $21.82 at year-end 2023 due to net income of $37 million for the first
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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 Q3 Earnings Beat on Strong Net Investment Income [Yahoo! Finance]Yahoo! Finance
- 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
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