The latest announcement is out from ProAssurance ( (PRA) ).
ProAssurance Corporation reported a robust third quarter of 2024 with a net income of $16.4 million, capitalizing on favorable investment returns and effective management strategies. The specialty insurer saw a 14% increase in net investment income, driven by the current interest rate environment, and a noteworthy performance in their Specialty P&C segment with a combined ratio of 99.5%. The company’s strategic actions, including a disciplined focus on healthcare market segments and rate adjustments, are setting a strong foundation for sustained profitability despite current market headwinds.
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