ProAssurance Q3 Earnings Beat on Strong Net Investment Income

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 ...