ProAssurance reports Q2 operating EPS 23c, consensus 10c

Reports Q2 revenue $290.355M, consensus $239.6M. “Operating earnings for the second quarter reflected strong net investment income and an improved – although not yet satisfactory – net loss ratio in our Specialty P&C segment,” said Ned Rand, President and Chief Executive Officer of ProAssurance. He added, “In this segment, which is largely made up of our Medical Professional Liability line of business and represents more than 75% of total earned premium, renewal pricing increases of 9% are part of the cumulative +65% premium change we have implemented since 2018.”