ProAssurance (PRA) Misses Q3 EPS by 22c
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ProAssurance Reports Results for Third Quarter 2023
November 8, 2023 4:15 PM ESTBIRMINGHAM, Ala.--(BUSINESS WIRE)-- ProAssurance Corporation (NYSE: PRA) reports a net loss of $49.4 million, or $0.95 per diluted share, and an operating loss(1) of $3.7 million, or $0.07 per diluted share, for the three months ended September 30, 2023.
Third Quarter 2023(2)
Gross premiums written: $320 million (+4%) New business written: $29 million (+82%) Unfavorable prior accident year reserve development of $8 million relatedto our Workers Compensation Insurance business. Consolidated combined ratio of 116.7% Consolidated operating ratio of 103.2% Net investment income of $33 million (+32%) Adjusted book value per share(1) of $25.67 as of September 30,... More
