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ProAssurance Corporation - PRA STOCK NEWS

Welcome to our dedicated page for ProAssurance Corporation news (Ticker: PRA), a resource for investors and traders seeking the latest updates and insights on ProAssurance Corporation stock.

ProAssurance Corporation (symbol: PRA) is a prominent holding company specializing in providing a wide range of insurance solutions. The company focuses on healthcare liability, workers' compensation, and professional liability insurance for attorneys. Its core business operations are managed through its wholly-owned insurance subsidiaries, including ProAssurance Casualty Company, ProAssurance Indemnity Company, Inc., and ProAssurance Specialty Insurance Company, all of which hold an A+ (Superior) financial strength rating from A.M. Best.

ProAssurance Corporation’s insurance offerings are tailored to meet the diverse needs of healthcare providers, such as health systems, hospitals, clinics, physicians, and ancillary care facilities. The company provides both simple and sophisticated solutions, ensuring comprehensive coverage for all healthcare niches, including medical technology and life sciences.

The company’s operations are segmented into five main categories: Specialty Property and Casualty, Workers' Compensation, Segregated Portfolio Cell Reinsurance, Lloyd's Syndicate, and Corporate. The majority of the company's revenue is generated from its Specialty P&C activities, followed by Workers' Compensation.

ProAssurance Corporation is known for its deep expertise in underwriting, risk management, and claims handling, which enables it to maintain a strong commitment to fair treatment for clients and all involved parties.

Recent achievements for ProAssurance include maintaining their superior financial strength rating and expanding their service offerings to cover more sophisticated healthcare liability needs. The company's forward-thinking approach ensures continuous improvement and adaptation to the evolving insurance landscape.

News

ProAssurance Announces Dates for Release of First Quarter 2024 Results Release and Investor Teleconference

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ProAssurance (NYSE:PRA) will release its Q1 2024 financial results on May 6, 2024, followed by a conference call on May 7, 2024, to discuss the results with investors. US-based and international investors can participate in the call using specific dial-in numbers and access codes. A webcast and telephone replay will be available for attendees.
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MetLife Confirms First Quarter 2024 Series A Preferred Stock Dividend

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MetLife, Inc. (MET) confirms the first quarter 2024 dividend of $0.42000544 per share on its Series A preferred stock. The dividend will be payable on March 15, 2024, to shareholders of record as of Feb. 29, 2024.
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NexPoint Real Estate Finance, Inc. Announces Preferred Stock Dividend

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NexPoint Real Estate Finance, Inc. (NREF) declares a dividend of $0.53125 per share for its 8.50% Series A Cumulative Redeemable Preferred Stock (NREF PRA). The dividend is payable on April 25, 2024, to stockholders of record as of April 15, 2024.
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ProAssurance Reports Results for Fourth Quarter 2023

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ProAssurance Corporation (NYSE: PRA) reports net income of $6.4 million and an operating loss of $2.5 million for Q4 2023. Gross premiums written decreased by 7% to $209 million, while new business written increased by 103% to $24 million. The company saw favorable prior accident year reserve development of $3 million and a consolidated combined ratio of 112.0%. Net investment income rose by 17% to $34 million, and book value per share improved by 7% to $21.82.
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AIG Reports Excellent Fourth Quarter and Full Year 2023 Results

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AIG reported strong financial results for the fourth quarter and full year of 2023, with notable increases in net income, underwriting income, and APTI. General Insurance saw improvements in NPW, combined ratio, and APTI, while Life and Retirement showed growth in APTI. The company returned significant value to shareholders through stock repurchases and dividends. Strategic divestitures and successful secondary offerings contributed to AIG's positive performance in 2023.
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ProAssurance Announces Fourth Quarter and Year-End 2023 Results Release and Teleconference

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ProAssurance Corporation (PRA) will report results for the year and quarter ended December 31, 2023 after the close of normal New York Stock Exchange trading on Tuesday, February 27, 2024. The company will conduct a conference call at 10:00 AM ET on Wednesday, February 28, 2024, to discuss the results and other items of interest to investors participating in the call. US-based investors are invited to participate by phone or webcast, with international investors also having access to toll-free numbers. A telephone replay of the call will be available for at least 7 days after the call date, with a webcast replay available for at least one year after the call date at ProAssurance.com.
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NexPoint Real Estate Finance, Inc. Announces Preferred Stock Dividend

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NexPoint Real Estate Finance, Inc. (NYSE: NREF) declares a dividend of $0.53125 per share for its 8.50% Series A Cumulative Redeemable Preferred Stock (NYSE: NREF PRA), payable on January 25, 2024, to stockholders of record as of January 12, 2024.
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ProAssurance Reports Results for Third Quarter 2023

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ProAssurance Corporation (NYSE: PRA) reports a net loss of $49.4 million for Q3 2023, driven by unfavorable prior accident year reserve development and a consolidated combined ratio of 116.7%. Gross premiums written increased by 4% to $320 million, and new business written increased by 82% to $29 million. Net investment income also saw a 32% improvement to $33 million.
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AIG Reports Third Quarter 2023 Results

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American International Group (AIG) reported a net income per diluted share of $2.81 and an adjusted after-tax income per diluted share of $1.61 for the third quarter of 2023. General Insurance combined ratio improved to 90.5%, and accident year combined ratio improved to 86.3%. General Insurance net premiums written increased 1% YoY. Life and Retirement adjusted pre-tax income was $971 million, up 24% YoY. AIG returned over $1 billion to shareholders through stock repurchases and dividends.
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ProAssurance Announces Dates for Release of Third Quarter 2023 Results Release and Investor Teleconference

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ProAssurance Corporation (NYSE:PRA) will report Q3 2023 results on November 8, 2023. Conference call to discuss the results will be held on November 9, 2023 at 10:00 AM ET.
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FAQ

What is the current stock price of ProAssurance Corporation (PRA)?

The current stock price of ProAssurance Corporation (PRA) is $16.24 as of November 20, 2024.

What is the market cap of ProAssurance Corporation (PRA)?

The market cap of ProAssurance Corporation (PRA) is approximately 825.7M.

What services does ProAssurance Corporation offer?

ProAssurance provides healthcare liability, workers' compensation, and professional liability insurance for attorneys.

What are the main business segments of ProAssurance?

The main segments are Specialty Property and Casualty, Workers' Compensation, Segregated Portfolio Cell Reinsurance, Lloyd's Syndicate, and Corporate.

Which subsidiaries are part of ProAssurance Corporation?

Subsidiaries include ProAssurance Casualty Company, ProAssurance Indemnity Company, Inc., and ProAssurance Specialty Insurance Company.

What is ProAssurance's financial strength rating?

ProAssurance holds an A+ (Superior) financial strength rating from A.M. Best.

Who are the primary customers of ProAssurance?

Primary customers include health systems, hospitals, physicians, clinics, ancillary care providers and facilities, and medical technology and life sciences entities.

How does ProAssurance ensure fair treatment for clients?

ProAssurance employs deep expertise in underwriting, risk management, and claims handling to maintain a strong commitment to fair treatment for clients.

What percentage of revenue comes from Specialty Property and Casualty activities?

The vast majority of ProAssurance's revenue is generated from its Specialty Property and Casualty activities.

Has ProAssurance made any recent achievements?

Recent achievements include maintaining their superior financial strength rating and expanding their service offerings for sophisticated healthcare liability needs.

What is the company's approach to adapting in the insurance landscape?

ProAssurance takes a forward-thinking approach to continuously improve and adapt to the evolving insurance landscape.

How does ProAssurance cater to different niches in healthcare?

ProAssurance provides both simple and sophisticated healthcare liability solutions tailored for various niches, ensuring comprehensive coverage.

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ProAssurance Corporation

NYSE:PRA

PRA Rankings

#2692 Ranked by Market Cap
N/A Ranked by Dividends

PRA Stock Data

825.66M
50.40M
1.45%
86.5%
1.85%
Insurance - Property & Casualty
Fire, Marine & Casualty Insurance
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United States of America
BIRMINGHAM