ProAssurance reports Q4 operating EPS 36c, consensus 19c

Reports Q4 revenue $290.1M, consensus $274.56M. “The ongoing core operations in our Specialty P&C segment delivered a full-year combined ratio of 104.0%, including net favorable prior accident year reserve development of 5.9 points,” said Ned Rand, President and Chief Executive Officer of ProAssurance (PRA). He added, “This segment, which is largely made up of our Medical Professional Liability line of business, represents more than 75% of total earned premium. We believe we are ahead of many in this space in achieving rate levels that put us on track to outpace severity trends that remain challenging.”