ProAssurance (PRA) Tops Q2 EPS by 18c
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ProAssurance Reports Results for Second Quarter 2022
August 8, 2022 4:15 PM EDTBIRMINGHAM, Ala.--(BUSINESS WIRE)-- ProAssurance Corporation (NYSE: PRA) reports a net loss of $1.7 million, or $0.03 per diluted share, and operating income(1) of $16.3 million, or $0.30 per diluted share, for the three months ended June 30, 2022.
Highlights - Second Quarter 2022(2)
Gross premiums written increased to $235.5 million (+13%) and net premiums earned increased to $247 million (+4%) Favorable prior accident year reserve development of $19 million (+38%) Consolidated combined ratio, excluding transaction-related costs, of 102.9%, down 2.5 points from first quarter 2022 and up 3.0 points from second quarter 2021 Net investment income increased to $22 million... More