Loading...
•
Mar 31, 2024
ProAssurance Q1 2024 Earnings Report
ProAssurance reported net income and operating income for the first quarter of 2024.
Key Takeaways
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.
Gross premiums written decreased by 1% to $311 million.
New business written increased by 7% to $20 million.
Medical professional liability business experienced strong renewal pricing increases of 8%.
Net investment income increased by 12% to $34 million.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...