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ProAssurance Corporation (PRA)
NYSE:PRA
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.19Last Year’s EPS
0.08Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 24, 2025
|% Change Since: 64.14%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant improvements in operating earnings, investment income, and strategic initiatives in both the Specialty P&C and workers' compensation segments. However, these positives were counterbalanced by challenges such as the negative impact from Lloyd's Syndicate losses, a decline in net written premiums, and increased expense ratios. While the company showed steady progress in its core operations, some financial setbacks were noted.Company Guidance
In the fourth quarter 2024 earnings call, ProAssurance Corporation reported its fifth consecutive quarter of improved operating earnings, highlighting a Specialty P&C segment combined ratio of 101%, improved by nearly nine points from favorable prior accident year reserve development. Full-year 2024 saw a nearly five-point enhancement in the combined ratio to 104%, alongside a 20-point improvement in the accident year loss and LAE ratio since 2019, due to strategic initiatives and premium increases. The company achieved a 10% renewal premium increase in standard MPL and 8% in the specialty portion, bringing cumulative increases since 2018 to nearly 70%. Retention of existing premiums was solid at 83%. In workers' compensation, net written premiums rose by $4 million, with a full-year combined ratio of 114% and a net loss ratio of 77%, reflecting strategic pricing and underwriting efforts. ProAssurance emphasized disciplined underwriting, use of predictive analytics, and investment in innovation tools to maintain a competitive edge, resulting in a full-year operating earnings of $0.95 per share and a reported book value per share increase to $23.49.Improved Operating Earnings
ProAssurance reported its fifth consecutive quarter of improved operating earnings, highlighting progress in the medical professional liability business.
Specialty P&C Segment Progress
The Specialty P&C segment's full-year combined ratio improved by nearly five points to 104%, with favorable prior accident year reserve development.
Renewal Premium Increases
Renewal premium increases in the fourth quarter were 10% for standard MPL business and 8% for specialty MPL, leading to a cumulative increase of almost 70% since 2018.
Workers' Compensation Segment Initiatives
The workers' compensation segment improved its combined ratio for the quarter and the year, leveraging new systems and AI tools to enhance profitability and efficiency.
Investment Income Growth
Net investment income rose 9% for the quarter and 12% for the year, taking advantage of the rate environment with new purchase yields of approximately 5.8%.
Book Value Per Share Increase
Reported book value per share rose by $1.67 to $23.49, with adjusted book value per share increasing to $26.86.
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PRA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PRA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 24, 2025 | $14.11 | $16.13 | +14.32% |
| Nov 07, 2024 | $16.31 | $16.99 | +4.17% |
| Aug 08, 2024 | $11.54 | $13.42 | +16.29% |
| May 06, 2024 | $13.82 | $15.16 | +9.70% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ProAssurance Corporation (PRA) report earnings?
ProAssurance Corporation (PRA) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is ProAssurance Corporation (PRA) earnings time?
ProAssurance Corporation (PRA) earnings time is at May 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PRA EPS forecast?
PRA EPS forecast for the fiscal quarter 2025 (Q1) is 0.19.
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