ProAssurance (PRA) Misses Q4 EPS by 17c

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Go back to ProAssurance (PRA) Misses Q4 EPS by 17c

ProAssurance Reports Results for Fourth Quarter and Full Year 2022

February 27, 2023 4:15 PM EST

BIRMINGHAM, Ala.--(BUSINESS WIRE)-- ProAssurance Corporation (NYSE: PRA) reports net income of $13.9 million, or $0.26 per diluted share, and operating income(1) of $3.5 million, or $0.06 per diluted share, for the three months ended December 31, 2022.

Highlights - Fourth Quarter and Full Year 2022(2)

Gross premiums written of $224 million (+3%) and $1.1 billion (+15%) Favorable prior accident year reserve development of $5 million and $37 million Consolidated combined ratio of 104.2% and 105.3% Consolidated operating ratio of 93.0% and 96.0% The full year operating ratio improved by 1.7 points compared to 2021 Net investment... More