Loading...
•
Jun 30, 2021
ProAssurance Q2 2021 Earnings Report
Reported net income and operating income for the second quarter of 2021.
Key Takeaways
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.
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.
Consolidated combined ratio, excluding transaction-related costs, of 99.9%.
Profitability in all segments, driven by top line growth in all segments except the Lloyd’s Syndicates segment.
28.1 point improvement in the consolidated current accident year net loss ratio.
Revenue by Segment
Forward Guidance
The operating environment remains uncertain, as we and others in our industry seek to better understand the long-term impacts of the pandemic and navigate the current loss environment in the healthcare professional liability marketplace.
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...