Compared to Estimates, ProAssurance (PRA) Q4 Earnings: A Look at Key Metrics

Core Insights - ProAssurance reported revenue of $287.52 million for Q4 2024, a year-over-year increase of 0.9%, with an EPS of $0.36 compared to -$0.05 a year ago, exceeding the Zacks Consensus Estimate of $271.98 million by 5.71% and delivering an EPS surprise of 140% [1][3] Financial Performance Metrics - Net Loss Ratio was 75.7%, better than the five-analyst average estimate of 78.6% [4] - Underwriting Expense Ratio stood at 33.6%, slightly above the average estimate of 33.1% [4] - Combined Ratio was reported at 109.3%, compared to the average estimate of 111.7% [4] - Net premiums earned totaled $241.07 million, surpassing the average estimate of $231.24 million, but reflecting a year-over-year decline of 2.5% [4] - Net investment income was $36.81 million, slightly below the average estimate of $37.73 million, but showing a year-over-year increase of 9.2% [4] - Equity in earnings of unconsolidated subsidiaries was $5.82 million, significantly higher than the estimated $3.04 million, marking a 334% year-over-year increase [4] - Other income was reported at $9.64 million, exceeding the average estimate of $3.01 million, with a year-over-year change of 146.3% [4] Segment Performance - Net Premiums Earned in Specialty Property & Casualty was $185.81 million, slightly above the average estimate of $183.36 million, but down 4% year-over-year [4] - Net Premiums Earned in Segregated Portfolio Cell Reinsurance was $12.35 million, below the estimated $12.93 million, reflecting a 19.8% year-over-year decline [4] - Net Premiums Earned in Workers Compensation was $42.92 million, exceeding the average estimate of $39.89 million, with a year-over-year increase of 12% [4] - Net investment income in Segregated Portfolio Cell Reinsurance was $0.92 million, above the average estimate of $0.85 million, showing a year-over-year increase of 38.7% [4]