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Jun 30, 2023
ProAssurance Q2 2023 Earnings Report
ProAssurance reported net income and operating income for the second quarter of 2023.
Key Takeaways
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.
Gross premiums written increased by 1% to $238 million.
New business written increased by 58% to $19 million.
Net investment income increased by 44% to $32 million.
Adjusted book value per share was $26.31 as of June 30, 2023.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the press release.
Revenue & Expenses
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Avg. Return Before/After Earnings
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