ProAssurance Corporation

PRA

US74267C1062

Property & Casualty Insurance

Market Closed - Nyse Other stock markets 04:00:01 2024-05-17 pm EDT			5-day change	1st Jan Change
14.83 ^USD	+1.37%		+0.34%	+7.54%

May. 15	Piper Sandler Adjusts ProAssurance Price Target to $17 From $15, Maintains Overweight Rating	MT
May. 08	Truist Securities Adjusts Price Target on ProAssurance to $16 From $14, Maintains Hold Rating	MT

ProAssurance Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024

May 06, 2024 at 04:20 pm EDT

ProAssurance Corporation reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported revenue was USD 284.7 million compared to USD 272.68 million a year ago. Net income was USD 4.63 million compared to net loss of USD 6.17 million a year ago.

Basic earnings per share from continuing operations was USD 0.09 compared to basic loss per share from continuing operations of USD 0.11 a year ago. Diluted earnings per share from continuing operations was USD 0.09 compared to diluted loss per share from continuing operations of USD 0.11 a year ago.

Latest news about ProAssurance Corporation

Piper Sandler Adjusts ProAssurance Price Target to $17 From $15, Maintains Overweight Rating	May. 15	MT
Truist Securities Adjusts Price Target on ProAssurance to $16 From $14, Maintains Hold Rating	May. 08	MT
Transcript : ProAssurance Corporation, Q1 2024 Earnings Call, May 07, 2024	May. 07
Earnings Flash (PRA) PROASSURANCE CORPORATION Posts Q1 EPS $0.08, vs. Street Est of $0.05	May. 06	MT
Earnings Flash (PRA) PROASSURANCE CORPORATION Reports Q1 Revenue $284.7M, vs. Street Est of $271.9M	May. 06	MT
ProAssurance Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 06	CI
Piper Sandler Trims Price Target on ProAssurance to $15 From $16, Maintains Overweight Rating	Mar. 04	MT
Truist Securities Trims Price Target on ProAssurance to $14 From $15, Maintains Hold Rating	Feb. 29	MT
Transcript : ProAssurance Corporation, Q4 2023 Earnings Call, Feb 28, 2024	Feb. 28
Earnings Flash (PRA) PROASSURANCE CORPORATION Posts Q4 Revenue $297M, vs. Street Est of $279.7M	Feb. 27	MT
Tranche Update on ProAssurance Corporation's Equity Buyback Plan announced on February 24, 2011.	Feb. 27	CI
ProAssurance Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	Feb. 27	CI
Piper Sandler Trims Price Target on ProAssurance to $16 From $19, Maintains Overweight Rating	Nov. 20	MT
Truist Adjusts Price Target on ProAssurance to $15 From $20, Maintains Hold Rating	Nov. 10	MT
Transcript : ProAssurance Corporation, Q3 2023 Earnings Call, Nov 09, 2023	Nov. 09
Earnings Flash (PRA) PROASSURANCE CORPORATION Posts Q3 Revenue $275.7M, vs. Street Est of $279.4M	Nov. 08	MT
Tranche Update on ProAssurance Corporation's Equity Buyback Plan announced on February 24, 2011.	Nov. 08	CI
ProAssurance Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 08	CI
Piper Sandler Adjusts Price Target on ProAssurance to $19 From $20, Keeps Overweight Rating	23-10-06	MT
Most Insurers Delivered Beats in Q2 Earnings Season, Janney Says	23-08-18	MT
PICA Group Announces Executive Changes	23-08-16	CI
Transcript : ProAssurance Corporation, Q2 2023 Earnings Call, Aug 09, 2023	23-08-09
Earnings Flash (PRA) PROASSURANCE CORPORATION Reports Q2 EPS $0.16, vs. Street Est of $0.12	23-08-08	MT
Earnings Flash (PRA) PROASSURANCE CORPORATION Reports Q2 Revenue $291.8M, vs. Street Est of $271.9M	23-08-08	MT
Tranche Update on ProAssurance Corporation's Equity Buyback Plan announced on February 24, 2011.	23-08-08	CI

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Company Profile

ProAssurance Corporation is a specialty insurer with expertise in healthcare professional liability, products liability for medical technology and life sciences, legal professional liability, and workers' compensation insurance. The Company's segments include Specialty P&C, Workers' Compensation Insurance, Segregated Portfolio Cell Reinsurance and Corporate. The Specialty Property and Casualty (Specialty P&C) segment is focused on professional liability insurance and medical technology liability insurance. Professional liability insurance is offered to healthcare providers and institutions and, to a lesser extent, to attorneys and their firms. The Workers' Compensation Insurance segment offers workers' compensation products in approximately 19 states in the East, South and Midwest regions of the continental United States. The Segregated Portfolio Cell Reinsurance segment includes the results of SPCs at Inova Re and Eastern Re, the Company's Cayman Islands SPC operations.

Sector

Property & Casualty Insurance

Calendar

2024-05-24 - Annual General Meeting

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Russell 2000

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Ratings for ProAssurance Corporation

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

14.83 USD

Average target price

17.5 USD

Spread / Average Target

+18.00%

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