Loading...
•
Sep 30, 2024
ProAssurance Q3 2024 Earnings Report
ProAssurance reported net income and operating income for the third quarter of 2024.
Key Takeaways
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.
Specialty P&C segment combined ratio of 99.5% demonstrates progress resulting from management’s ongoing actions focused on achieving sustained profitability
Net investment income increased 14% as ProAssurance takes advantage of the current interest rate environment as the portfolio matures
Earnings benefited from solid returns from limited partnership investments
Book value per share was $24.07 at September 30, 2024, up from $21.82 at year-end 2023
Revenue by Segment
Forward Guidance
ProAssurance did not provide specific forward guidance in the earnings report.
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...