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Mar 31, 2021
ProAssurance Q1 2021 Earnings Report
ProAssurance reported a net income of $7.7 million and operating income of $2.1 million for Q1 2021.
Key Takeaways
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.
Improved bottom line in all major segments
Specialty Property & Casualty net loss ratio improved by 4.7 percentage points to 87.5%
Consolidated underwriting and operating expenses reduced by 9.0%, or approximately $5.6 million
Earnings from unconsolidated subsidiaries were $6.8 million
Revenue by Segment
Forward Guidance
ProAssurance's planned acquisition of NORCAL Group is nearing completion, on schedule with previously stated target closure in the second quarter of 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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