Welcome to our dedicated page for Proassurance Cp news (Ticker: PRA), a resource for investors and traders seeking the latest updates and insights on Proassurance Cp stock.
ProAssurance Cp (PRA) provides specialized insurance solutions for healthcare providers and legal professionals through its property and casualty subsidiaries. This page aggregates official news releases, regulatory updates, and strategic developments from the company.
Investors and industry stakeholders will find timely updates on healthcare liability trends, workers' compensation programs, and innovations in professional liability coverage. Content spans earnings announcements, leadership changes, product expansions, and market positioning updates across PRA's five operational segments.
Key focus areas include developments in medical malpractice insurance, reinsurance strategies through Lloyd's syndicate partnerships, and corporate risk management initiatives. All content is sourced directly from ProAssurance's communications to ensure accuracy and compliance.
Bookmark this page for consolidated access to PRA's latest operational milestones, financial disclosures, and industry-specific insights. Check regularly for objective updates on one of the insurance sector's most specialized providers.
ProAssurance (NYSE: PRA) reported net income of $4.6 million, or $0.09 per diluted share, and operating income of $4.2 million, or $0.08 per diluted share, for the first quarter of 2024. Key highlights include a 1% decrease in gross premiums written, a 7% increase in new business written, and a strong 8% renewal pricing increase in the medical professional liability business. The consolidated current accident year loss ratio improved by 3 points to 79.9%, and the consolidated combined ratio saw a 2 point improvement to 111.6%. Net investment income increased by 12% to $34 million. Book value per share stood at $21.82 as of March 31, 2024. ProAssurance's management emphasized disciplined underwriting, rate increases, and claims management in a challenging environment, focusing on sustained profitability goals.
