ProAssurance Corporation’s (PRA) shares gained 6.4% since it reported third-quarter 2024 results on Nov. 7, 2024. The strong quarterly earnings benefited from strong underwriting results in the Specialty P&C segment, significant growth in investment income, higher yields and a decline in expenses. Deteriorating profitability in the Segregated Portfolio Cell Reinsurance unit acted as a partial offset.PRA reported a third-quarter 2024 adjusted operating income of 34 cents per share, which surpassed the Zacks ...

ProAssurance Corporation (NYSE:PRA) Q3 2024 Earnings Conference Call November 8, 2024 10:00 AM ET Company Participants Heather Wietzel – Senior Vice President-Investor Relations Ned Rand – President and Chief Executive Officer Dana Hendricks – Chief Financial Officer Kevin Shook – President-Workers’ Compensation Insurance Conference Call Participants Maxwell Fritscher – Truist Paul Newsome – Piper Sandler Bob Farnam – Janney Operator Good morning, everyone. And welcome to ProAssurance’s Conference Call to D ...

ProAssurance (PRA) reported $278.23 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 0.1%. EPS of $0.34 for the same period compares to -$0.07 a year ago.The reported revenue represents a surprise of +2.77% over the Zacks Consensus Estimate of $270.75 million. With the consensus EPS estimate being $0.12, the EPS surprise was +183.33%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to de ...

ProAssurance (PRA) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 183.33%. A quarter ago, it was expected that this medical professional liability insurer would post earnings of $0.08 per share when it actually produced earnings of $0.23, delivering a surprise of 187.50%.Over the last fo ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-16533 ProAssurance Corporation (Exact name of registrant as specified in its charter) Delaware 63-1261433 ( ...

NEWS RELEASE For More Information: Heather J. Wietzel • SVP, Investor Relations 800-282-6242 • 205-776-3028 • InvestorRelations@ProAssurance.com ProAssurance Reports Results for Third Quarter 2024 BIRMINGHAM, AL – November 7, 2024 – ProAssurance Corporation (NYSE: PRA), an industry-leading specialty insurer with extensive expertise in medical professional liability and a core small-cap value equity in the financials sector, today reported net income of $16.4 million, or $0.32 per diluted share, and operatin ...

ProAssurance Corporation (PRA) — a property and casualty insurance provider founded in 1976 — is having an amazing run in the stock market, outperforming the industry and the S&P 500. Strong underwriting results in the Specialty P&C segment and significant growth in investment income are aiding the stock. In the past three months, its shares have jumped 33.3%. With this share price growth, investors may be wondering whether there's still room for further run or if the potential gains have already been fully ...

ProAssurance Corporation (PRA) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, PRA's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross." A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most common moving averages ...

Shares of ProAssurance (PRA) have gained 10.1% over the past four weeks to close the last trading session at $13.40, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $16.75 indicates a potential upside of 25%. The mean estimate comprises four short-term price targets with a standard deviation of $2.75. While the lowest estimate of $14 indicates a 4.5% increase from the current pr ...

ProAssurance (PRA) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this medical professional liability insurer, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends i ...