ProAssurance Reports Results for Fourth Quarter and Year-End 2020

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Go back to ProAssurance Reports Results for Fourth Quarter and Year-End 2020

ProAssurance (PRA) Tops Q4 EPS by 5c, Revenues Beat

February 22, 2021 4:22 PM EST

ProAssurance (NYSE: PRA) reported Q4 EPS of $0.06, $0.05 better than the analyst estimate of $0.01. Revenue for the quarter came in at $229.6 million versus the consensus estimate of $184.46 million.

Key Takeaways - Fourth Quarter 2020

For the quarter ended December 31, 2020 we reported net income of approximately $14.3 million, or $0.27 per share, and Non-GAAP operating income of approximately $3.3 million, or $0.06 per share.Non-GAAP operating income for the fourth quarter included strong performance from our investments in LPs/LLCs as well as improvement in underwriting results from the re-underwriting and rate strengthening efforts in our Specialty Property &... More