ProAssurance Corporation

PRA

US74267C1062

Property & Casualty Insurance

Market Closed - Nyse Other stock markets 04:00:01 2024-04-26 pm EDT			5-day change	1st Jan Change
13.17 ^USD	-3.52%		-1.64%	-4.50%

Mar. 04	Piper Sandler Trims Price Target on ProAssurance to $15 From $16, Maintains Overweight Rating	MT
Feb. 29	Truist Securities Trims Price Target on ProAssurance to $14 From $15, Maintains Hold Rating	MT

ProAssurance Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023

February 27, 2024 at 04:18 pm EST

ProAssurance Corporation reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 296.96 million compared to USD 294.71 million a year ago. Net income was USD 6.38 million compared to USD 13.94 million a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to USD 0.26 a year ago.
For the full year, revenue was USD 1,137.21 million compared to USD 1,106.69 million a year ago. Net loss was USD 38.6 million compared to USD 0.402 million a year ago. Diluted loss per share from continuing operations was USD 0.73 compared to USD 0.01 a year ago.

Latest news about ProAssurance Corporation

Piper Sandler Trims Price Target on ProAssurance to $15 From $16, Maintains Overweight Rating	Mar. 04	MT
Truist Securities Trims Price Target on ProAssurance to $14 From $15, Maintains Hold Rating	Feb. 29	MT
Transcript : ProAssurance Corporation, Q4 2023 Earnings Call, Feb 28, 2024	Feb. 28
Earnings Flash (PRA) PROASSURANCE CORPORATION Posts Q4 Revenue $297M, vs. Street Est of $279.7M	Feb. 27	MT
Tranche Update on ProAssurance Corporation's Equity Buyback Plan announced on February 24, 2011.	Feb. 27	CI
ProAssurance Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	Feb. 27	CI
Piper Sandler Trims Price Target on ProAssurance to $16 From $19, Maintains Overweight Rating	Nov. 20	MT
Truist Adjusts Price Target on ProAssurance to $15 From $20, Maintains Hold Rating	Nov. 10	MT
Transcript : ProAssurance Corporation, Q3 2023 Earnings Call, Nov 09, 2023	Nov. 09
Earnings Flash (PRA) PROASSURANCE CORPORATION Posts Q3 Revenue $275.7M, vs. Street Est of $279.4M	Nov. 08	MT
Tranche Update on ProAssurance Corporation's Equity Buyback Plan announced on February 24, 2011.	Nov. 08	CI
ProAssurance Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 08	CI
Piper Sandler Adjusts Price Target on ProAssurance to $19 From $20, Keeps Overweight Rating	23-10-06	MT
Most Insurers Delivered Beats in Q2 Earnings Season, Janney Says	23-08-18	MT
PICA Group Announces Executive Changes	23-08-16	CI
Transcript : ProAssurance Corporation, Q2 2023 Earnings Call, Aug 09, 2023	23-08-09
Earnings Flash (PRA) PROASSURANCE CORPORATION Reports Q2 EPS $0.16, vs. Street Est of $0.12	23-08-08	MT
Earnings Flash (PRA) PROASSURANCE CORPORATION Reports Q2 Revenue $291.8M, vs. Street Est of $271.9M	23-08-08	MT
Tranche Update on ProAssurance Corporation's Equity Buyback Plan announced on February 24, 2011.	23-08-08	CI
ProAssurance Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-08	CI
JMP Securities Trims Price Target on ProAssurance to $25 From $30, Maintains Market Outperform Rating	23-07-12	MT
Piper Sandler Adjusts Price Target on ProAssurance to $16 From $15, Maintains Overweight Rating	23-07-06	MT
ProAssurance Corporation(NYSE:PRA) dropped from Russell 2000 Dynamic Index	23-06-23	CI
Caresyntax Announces Strategic Collaboration with ProAssurance Corporation to Offer Access to Cutting-Edge Surgical Intelligence to Data-Driven Surgeons	23-06-15	CI
Piper Sandler Trims Price Target on ProAssurance to $15 From $17, Maintains Overweight Rating	23-05-30	MT

Chart ProAssurance Corporation

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Company Profile

ProAssurance Corporation is a specialty insurer with expertise in healthcare professional liability, products liability for medical technology and life sciences, legal professional liability, and workers' compensation insurance. The Company's segments include Specialty P&C, Workers' Compensation Insurance, Segregated Portfolio Cell Reinsurance and Corporate. The Specialty Property and Casualty (Specialty P&C) segment is focused on professional liability insurance and medical technology liability insurance. Professional liability insurance is offered to healthcare providers and institutions and, to a lesser extent, to attorneys and their firms. The Workers' Compensation Insurance segment offers workers' compensation products in approximately 19 states in the East, South and Midwest regions of the continental United States. The Segregated Portfolio Cell Reinsurance segment includes the results of SPCs at Inova Re and Eastern Re, the Company's Cayman Islands SPC operations.

Sector

Property & Casualty Insurance

Calendar

2024-05-06 - Q1 2024 Earnings Release

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Russell 2000

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Ratings for ProAssurance Corporation

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

13.17 USD

Average target price

16.25 USD

Spread / Average Target

+23.39%

Consensus

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Quarterly earnings - Rate of surprise

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