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 Third Quarter and Nine Months Ended September 30, 2023

November 08, 2023 at 04:20 pm EST

ProAssurance Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 275.75 million compared to USD 273.08 million a year ago. Net loss was USD 49.43 million compared to USD 9.13 million a year ago. Basic loss per share from continuing operations was USD 0.95 compared to USD 0.17 a year ago. Diluted loss per share from continuing operations was USD 0.95 compared to USD 0.17 a year ago.
For the nine months, revenue was USD 840.25 million compared to USD 811.98 million a year ago. Net loss was USD 44.98 million compared to USD 14.34 million a year ago. Basic loss per share from continuing operations was USD 0.85 compared to USD 0.27 a year ago. Diluted loss per share from continuing operations was USD 0.85 compared to USD 0.27 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

Duration

Period

More charts

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

Related indices

Russell 2000

More about the company

Income Statement Evolution

More financial data

Ratings for ProAssurance Corporation

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

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

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Property & Casualty Insurance

	1st Jan change	Capi.
PROASSURANCE CORPORATION	-4.50%	667M
TOKIO MARINE HOLDINGS, INC.	+38.91%	61.52B
AMERICAN INTERNATIONAL GROUP, INC.	+10.01%	50.24B
THE TRAVELERS COMPANIES	+12.05%	48.88B
THE ALLSTATE CORPORATION	+21.50%	44.86B
ARCH CAPITAL GROUP LTD.	+22.39%	33.96B
INTACT FINANCIAL CORPORATION	+10.03%	29.23B
MS&AD INSURANCE GROUP HOLDINGS, INC.	+50.11%	27.95B
FAIRFAX FINANCIAL HOLDINGS LIMITED	+21.57%	24.78B
SAMPO OYJ	-3.96%	20.38B

Other Property & Casualty Insurance