ProSight Reports 2020 Second Quarter Results
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ProSight Global Inc. (PROS) Tops Q2 EPS by 22c
August 10, 2020 4:26 PM EDTProSight Global Inc. (NYSE: PROS) reported Q2 EPS of $0.39, $0.22 better than the analyst estimate of $0.17. Revenue for the quarter came in at $207.41 million versus the consensus estimate of $195.69 million.
Record net income from continuing operations of $17.3 million and adjusted operating income(1) of $16.9 million with annualized return on equity (\"ROE\") of 12.9% and adjusted operating ROE (2) of 12.6%.Record diluted book value per share (\"BVPS\") of $12.84 compared to $10.73 as of March 31, 2020. Book value per share was $12.01 as of December 31, 2019.Rate execution of 10.5% excluding workers comp and 8.8% including workers comp with acceleration throughout the... More