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ProAssurance Reports Strong Q4 2024 Financial Results

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ProAssurance Reports Strong Q4 2024 Financial Results

ProAssurance ( (PRA) ) has shared an update.

ProAssurance Corporation reported its financial results for the fourth quarter and full-year 2024, showing a net income of $16.2 million for the quarter and $52.7 million for the year. The company highlighted a specialty P&C segment combined ratio of 100.9% and an 8% increase in specialty P&C renewal premiums, reflecting ongoing efforts to achieve sustained profitability. Despite a slight decrease in gross premiums written, the company benefited from increased net investment income and solid returns from limited partnership investments. ProAssurance continues to focus on disciplined claims management and underwriting in targeted healthcare market segments, while strategically shrinking in areas where market conditions are challenging.

More about ProAssurance

ProAssurance Corporation is a specialty insurer with significant expertise in medical professional liability, operating primarily in the financials sector as a small-cap value equity.

YTD Price Performance: -10.95%

Average Trading Volume: 211,766

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $715.7M

For an in-depth examination of PRA stock, go to TipRanks’ Stock Analysis page.

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