ProAssurance reported a net loss in Q1 2025, impacted by non-operating items, but saw improvement in non-GAAP operating income and combined ratio. Premium rate increases continued in Specialty P&C, with stable net premiums written for the Medical Professional Liability business.

ProAssurance Corporation reported net income of $16.2 million and operating income of $18.3 million for the fourth quarter of 2024. The Specialty P&C segment showed progress towards sustained profitability with a combined ratio of 100.9%. Net investment income increased by 9%, benefiting from the current interest rate environment.

ProAssurance Corporation reported a net income of $16.4 million and an operating income of $17.3 million for the three months ended September 30, 2024. The Specialty P&C segment's combined ratio was 99.5%, and net investment income increased by 14%. Book value per share increased from year-end 2023.

ProAssurance reported net income of $15.5 million, or $0.30 per diluted share, and operating income of $11.5 million, or $0.23 per diluted share, for the three months ended June 30, 2024. The results reflected strong net investment income and an improved net loss ratio in the Specialty P&C segment.

ProAssurance Corporation reported a net income of $4.6 million and an operating income of $4.2 million for the three months ended March 31, 2024. The company saw improvements in its Specialty P&C segment and a 12% increase in investment income. The consolidated combined ratio improved by 2.3 points year over year, reflecting a better current accident year loss ratio.

ProAssurance Corporation reported a net income of $6.4 million, or $0.12 per diluted share, and an operating loss of $2.5 million, or $0.05 per diluted share, for the three months ended December 31, 2023. The company's book value per share improved by 7%, driven by after-tax unrealized holding gains from their fixed maturity portfolio.

ProAssurance Corporation reported a net loss of $49.4 million, or $0.95 per diluted share, and an operating loss of $3.7 million, or $0.07 per diluted share, for the three months ended September 30, 2023. The results were affected by unfavorable prior accident year reserve development in the Workers’ Compensation Insurance segment and challenging market conditions.

ProAssurance Corporation reported a net income of $10.6 million and an operating income of $8.6 million for the three months ended June 30, 2023. The results reflect strong investment returns, while underwriting results indicate ongoing competition and pressures in losses and premiums.

ProAssurance Corporation reported a net loss of $3.6 million for the first quarter of 2022, but operating income increased to $7.7 million. The results were driven by improved underwriting results in the Specialty Property & Casualty and Lloyd's Syndicates segments, as well as an increase in net investment income.

ProAssurance Corporation reported a net income of $32.1 million and an operating income of $33.4 million for the three months ended December 31, 2021. The higher net income was primarily driven by improved underwriting results in the Specialty Property & Casualty segment and strong investment performance. Consolidated gross premiums written increased due to top line growth in the Specialty P&C segment through the NORCAL acquisition.

ProAssurance Corporation reported a net income of $12.2 million and an operating income of $13.8 million for the three months ended September 30, 2021. The company's performance was driven by strong investment results and improved performance in the Specialty P&C segment, offset by lower income from SPCR and Lloyd's Syndicates segments, and a loss in the Workers' Compensation Insurance Segment.

ProAssurance Corporation reported a net income of $92.1 million and an operating income of $26.6 million for the three months ended June 30, 2021. The consolidated net income includes a $74.4 million gain on bargain purchase related to the acquisition of NORCAL, partially offset by $20.3 million of pre-tax transaction-related costs. Excluding the gain on bargain purchase, transaction-related costs, and the related tax effects, net income was $34.1 million.

ProAssurance reported improved bottom line in all major segments, a 4.7 percentage point improvement in Specialty Property & Casualty net loss ratio, and a 9.0% reduction in consolidated underwriting and operating expenses. Earnings from unconsolidated subsidiaries were $6.8 million.

ProAssurance Corporation reported a net income of $14.3 million, or $0.27 per share, and Non-GAAP operating income of approximately $3.3 million, or $0.06 per share, for the quarter ended December 31, 2020. The results reflect improvements in underwriting results and strong performance from investments in LPs/LLCs.

ProAssurance reported a net loss of $150.0 million for Q3 2020, primarily due to a $161.1 million goodwill impairment charge. Despite the net loss, the company saw positive developments in its operating segments, including improved loss ratios and expense management.

ProAssurance reported a net loss of $18.1 million for the second quarter of 2020, primarily due to the non-renewal of a large national healthcare account and the establishment of a $10 million reserve for pandemic-related losses. However, the company saw incremental improvements in its underlying current accident year loss ratio, rate gains in healthcare professional liability, efficiency gains in its expense model, and continued profitability in its Workers’ Compensation Insurance and Segregated Portfolio Cell Reinsurance segments.

ProAssurance reported a net loss of $22.0 million, or $0.41 per share, for the first quarter of 2020, compared to a net income of $31.65 million, or $0.59 per share, in the same quarter of 2019. The results were impacted by the COVID-19 pandemic, which led to steep declines in the mark-to-market values of the company's equity investments. The company also faced continued challenges in the healthcare professional liability market and intense competition in workers' compensation insurance. As a result of these factors, ProAssurance reduced its quarterly dividend from $0.31 per share to $0.05 per share.

ProAssurance Corporation reported a net loss of $59.375 million for Q4 2019, compared to a net loss of $24.450 million in Q4 2018. The results were negatively affected by underwriting results on a large national healthcare account within the Specialty Property & Casualty segment.