ProAssurance (PRA) Q2 Earnings Beat, Surge Y/Y on Lower Costs

ProAssurance Corporation (PRA) reported second-quarter 2024 adjusted operating income of 23 cents per share, which surpassed the Zacks Consensus Estimate of 8 cents. The bottom line soared 64.3% year over year. Operating revenues dipped 1.1% year over year to $279 million. The top line beat the consensus mark by 1.8%. ProAssurance's quarterly performance was bolstered by strong underwriting results in the Specialty P&C segment, significant growth in investment income driven by a higher interest rate environ ...