ProAssurance (PRA) Reports In-Line Q4 EPS, Revenues Beat
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ProAssurance Reports Results for Fourth Quarter 2018
February 21, 2019 4:25 PM ESTBIRMINGHAM, Ala.--(BUSINESS WIRE)-- ProAssurance Corporation (NYSE: PRA) reports the following results for the quarter and year ended December31, 2018:
CONSOLIDATED INCOME STATEMENT HIGHLIGHTS Three Months Ended December 31 Year Ended December 31 ($ in thousands, except per share data) 2018 2017 % Change 2018 2017 % Change Revenues Gross premiums written* $ 211,697 $ 191,744 10.4 % $ 957,311 $ 874,876 9.4 % Net premiums written $ 182,684 $ 167,434 9.1 % $ 834,914 $ 764,018 9.3 % Net premiums earned $ 202,033 $ 182,972 10.4 % $ 818,853 $ 738,531 10.9 % Net investment income $ 24,207 $ 26,070 (7.1 %) $ 91,884 $ 95,662 (3.9 %) Equity in earnings (loss) of unconsolidated subsidiaries $ (3,300 ) $ (455 ) (625.3 %) $... More