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.