ProAssurance Corporation - PRA STOCK NEWS

ProAssurance Corporation (NYSE: PRA) reported impressive fourth quarter and full year 2021 results, with net income of $32.1 million ($0.59 per diluted share) and $144.1 million ($2.67 per diluted share), respectively. Gross premiums written surged 34.8% to $218.1 million for the quarter and rose 12.4% to $960.0 million for the year. The company achieved a combined ratio of 96.5% for Q4, a 9.3-point improvement. Notably, net investment results increased significantly by 28.8% in Q4 and 98.9% for the full year. The acquisition of NORCAL contributed positively, reflecting strategic growth.

American International Group (NYSE: AIG) reported strong fourth quarter 2021 results with net income of $3.7 billion, or $4.38 per diluted share, reversing a net loss of $60 million in Q4 2020. General Insurance saw a 7% increase in net premiums written and a combined ratio improvement to 92.4%. Adjusted after-tax income rose 68% to $1.58 per share. For the full year, net income was $9.4 billion, driven by improved underwriting results and net investment gains. AIG returned $3.7 billion to shareholders through stock repurchases and dividends, with parent liquidity at $10.7 billion.

ProAssurance Corporation (NYSE:PRA) is set to announce its financial results for the quarter and year ending December 31, 2021, after market close on February 21, 2022. A conference call will be held on February 22, 2022, at 10:00 AM ET to discuss the results, with participation options for both US and international investors. Replay options will be available until March 1, 2022. ProAssurance is recognized as a leading specialty insurer in healthcare professional liability and other insurance sectors, holding strong ratings from AM Best and Fitch Ratings.

ProAssurance Corporation (NYSE:PRA) has declared a cash dividend of $0.05 per share, payable on January 7, 2022, to shareholders of record as of December 22, 2021. The company anticipates a total annual dividend of $0.20 per share, distributed in quarterly installments, though future dividends depend on the Board's review of financial performance and other factors. Additionally, the 2022 Annual Meeting of Shareholders is scheduled for May 24, 2022, with a record date of March 28, 2022.

ProAssurance Corporation (NYSE: PRA) reported a net income of $12.2 million ($0.23 per diluted share) for Q3 2021, driven by a 40% increase in net premiums earned to $272.2 million. This growth was attributed to the acquisition of NORCAL and strong performance in their Specialty Property & Casualty segment. The company reported a net investment result of $34.5 million, up 58.5%. However, the net loss ratio rose by 7.3 points due to higher claims in the Workers’ Compensation segment. Operating income also showed significant improvement, reaching $13.8 million ($0.25 per diluted share).

American International Group (AIG) reported strong financial results for Q3 2021, with net income attributable to common shareholders rising to $1.7 billion ($1.92 per share) from $281 million ($0.32 per share) in the prior year. General Insurance net premiums written grew 11% due to a 17% increase in Commercial Lines. The combined ratio improved by 7.5 points to 99.7%. AIG also completed a $2.2 billion equity stake sale as part of its Life and Retirement separation strategy. Adjusted after-tax income per diluted share increased by 20% to $0.97. The company ended Q3 with $5.3 billion in liquidity.

ProAssurance Corporation (NYSE:PRA) will announce its quarterly results for the period ending September 30, 2021, on November 8, 2021, after market close. A conference call is scheduled for November 9, 2021, at 10:00 AM ET, where management will discuss the results. Investors can access the call via phone or through a webcast on ProAssurance's website. A replay of the call will be available until December 7, 2021. ProAssurance is recognized for its expertise in various specialty insurance areas, holding ratings of 'A' (Excellent) from AM Best and 'A-' (Strong) from Fitch Ratings.

ProAssurance Corporation (NYSE:PRA) has announced a cash dividend of $0.05 per common share, to be paid on October 8, 2021, for shareholders on record as of September 24, 2021. The company aims for an annual dividend of $0.20 per share, distributed in quarterly installments. Future cash dividends will depend on the Board's review of financial performance and future expectations. ProAssurance is recognized for its expertise in healthcare and legal professional liability and holds strong ratings from AM Best and Fitch Ratings.

ProAssurance Corporation (NYSE: PRA) reported a net income of $92.1 million ($1.70 per diluted share) for Q2 2021, driven by a $74.4 million gain from the acquisition of NORCAL, offset by $20.3 million in transaction-related costs. Excluding these factors, the operating income was $26.6 million ($0.49 per diluted share). The combined ratio was 99.9%, showing profitability in various segments. Q2 also saw a significant 32.7% increase in gross premiums written in the Specialty Property & Casualty segment. However, the Workers’ Compensation Insurance segment experienced a 1.1% rise in gross premiums.