Core Viewpoint - ProAssurance Corporation (PRA) is expected to report its fourth-quarter 2024 results on February 24, 2025, with earnings estimated at 15 cents per share and revenues of $271.98 million, indicating a year-over-year earnings improvement of 400% but a revenue decline of 4.6% [1][2]. Financial Estimates - The Zacks Consensus Estimate for ProAssurance's total revenues in 2024 is $1.11 billion, reflecting a slight decline of 0.5% year-over-year, while the EPS estimate is 80 cents, a significant recovery from a loss of 14 cents in the previous year [3]. - ProAssurance has beaten earnings estimates in three of the last four quarters, with an average surprise of 61.5% [3]. Earnings Prediction - The current model does not predict a definitive earnings beat for ProAssurance, as it has an Earnings ESP of 0.00% and a Zacks Rank of 2 (Buy) [4]. Factors Influencing Q4 Results - Rising investment income is expected to contribute positively, with a projected 11.9% year-over-year growth in net investment income [6]. - The net loss ratio is estimated to improve to 78.57%, down from 78.90% a year ago, indicating enhanced efficiency [6]. - Total expenses are anticipated to decline by approximately 7% in the quarter [6]. Segment Performance - The Workers' Compensation Insurance unit is projected to show a 46.4% improvement in operating income year-over-year, while the Segregated Portfolio Cell Reinsurance unit is expected to see over a 30% increase [7]. - However, lower premiums earned are likely to negatively impact results, with a consensus estimate indicating a 6.5% decline in net premiums earned [8]. - The underwriting expense ratio is expected to be 33.07%, and the Specialty P&C Segment's operating income is projected to deteriorate by over 23% year-over-year, complicating the earnings outlook [8].

Core Viewpoint - ProAssurance (PRA) is expected to report a significant increase in quarterly earnings per share (EPS) of $0.15, reflecting a 400% rise year-over-year, despite a forecasted revenue decline of 4.6% to $271.98 million [1]. Earnings Estimates - The consensus EPS estimate has remained stable over the past 30 days, indicating analysts have reassessed their projections [1][2]. - Changes in earnings estimates are crucial for predicting investor reactions and short-term stock performance [2]. Key Metrics Forecast - Analysts project 'Net premiums earned' to be $231.24 million, a decrease of 6.5% year-over-year [4]. - 'Net investment income' is expected to reach $37.73 million, marking an increase of 11.9% from the previous year [4]. - 'Other income(loss)' is estimated at $3.01 million, reflecting a decline of 23.1% year-over-year [4]. Specialty Property & Casualty Metrics - 'Net Premiums Earned - Specialty Property & Casualty' is forecasted at $183.36 million, down 5.3% year-over-year [5]. - The 'Underwriting Expense Ratio' is expected to remain stable at 33.1% compared to the previous year [5]. - The 'Combined Ratio' is projected to be 111.7%, slightly improved from 112% year-over-year [5]. Workers Compensation Metrics - The 'Underwriting Expense Ratio - Workers Compensation' is estimated at 35.5%, down from 36.9% in the same quarter last year [6]. - The 'Net Loss Ratio - Segregated Portfolio Cell Reinsurance' is expected to be 64.6%, up from 59.3% year-over-year [6]. Segregated Portfolio Cell Reinsurance Metrics - The 'Underwriting Expense Ratio - Segregated Portfolio Cell Reinsurance' is projected at 34.0%, slightly higher than the previous year's 33.9% [7]. - The 'Combined Ratio - Segregated Portfolio Cell Reinsurance' is expected to be 98.6%, compared to 93.2% last year [7]. Specialty Property & Casualty Loss Ratios - The 'Net Loss Ratio - Specialty Property & Casualty' is anticipated to be 79.6%, up from 76.8% in the same quarter last year [8]. - The 'Underwriting Expense Ratio - Specialty Property & Casualty' is expected to be 27.4%, down from 28.1% year-over-year [8]. Stock Performance - ProAssurance shares have decreased by 5.2% over the past month, contrasting with a 4.7% increase in the Zacks S&P 500 composite [8].

Investors might want to bet on ProAssurance (PRA) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a changing ...

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 (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 ...