ProAssurance (PRA) Misses Q3 EPS by 22c

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/24/2026

1. DECK
2. RNG
3. WDC
4. BYD
5. WCN
6. SPOT
7. BMY
8. SPY
9. FIX
10. TSCO

Go back to ProAssurance (PRA) Misses Q3 EPS by 22c

ProAssurance Reports Results for Third Quarter 2023

November 8, 2023 4:15 PM EST

BIRMINGHAM, 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 related
to 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