Profile
Sector:
Financial ServicesIndustry:
Insurance - Property & CasualtyCountry:
United StatesIPO:
04 September 1991Website:
http://www.proassurance.comNext earnings report:
27 February 2025Last dividends:
28 March 2023Next dividends:
N/APrice
after hours | Wed, 20 Nov 2024 23:11:41 GMTAnalysts recommendations
Institutional Ownership
PRA Latest News
PRA's third-quarter earnings benefit from improving underwriting results in its Specialty P&C segment. Declining profits in the Segregated Portfolio Cell Reinsurance unit partially offset the positives.
Appealing valuation, upward trend in earnings estimates and rising investment income bode well for PRA.
ProAssurance (PRA) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
The average of price targets set by Wall Street analysts indicates a potential upside of 27.7% in ProAssurance (PRA). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
ProAssurance Corporation (NYSE:PRA ) Q2 2024 Earnings Conference Call August 9, 2024 10:30 AM ET Company Participants Heather Wietzel - SVP, IR Edward Rand - President and CEO Dana Hendricks - EVP, CFO and Treasurer Kevin Shook - President, Workers' Compensation Insurance Conference Call Participants Matt Carletti - JMP Paul Newsome - Piper Sandler Gregory Peters - Raymond James Mark Hughes - Truist Bob Farnam - Janney Operator Good morning, everyone. Welcome to ProAssurance's conference call to discuss the company's Second Quarter 2024 Results.
ProAssurance's (PRA) Q2 results reflect strong underwriting results in the Specialty P&C segment and investment income growth, despite profitability pressures in some segments.
The headline numbers for ProAssurance (PRA) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
ProAssurance (PRA) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.16 per share a year ago.
ProAssurance's (PRA) second-quarter results are likely to reflect growing investment income.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for ProAssurance (PRA), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
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What type of business is ProAssurance?
ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company operates through Specialty Property and Casualty, Workers' Compensation Insurance, and Segregated Portfolio Cell Reinsurance segments. It offers professional liability insurance to healthcare providers and institutions, and attorneys and their firms; medical technology liability insurance to medical technology and life sciences companies; and custom alternative risk solutions, including assumed reinsurance, loss portfolio transfers, and captive cell programs for healthcare professional liability insureds. The company also provides workers' compensation insurance products, such as guaranteed cost policies, policyholder dividend policies, retrospectively rated policies, and deductible policies, as well as alternative market solutions that include program design, fronting, claims administration, risk management, SPC rental, asset management, and SPC management services for individual companies, agencies, groups, and associations. The company also participates in Syndicate 1729 at Lloyd's of London for underwriting. It markets its products through independent agencies and brokers, as well as an internal business development team. The company was founded in 1976 and is headquartered in Birmingham, Alabama.
What sector is ProAssurance in?
ProAssurance is in the Financial Services sector
What industry is ProAssurance in?
ProAssurance is in the Insurance - Property & Casualty industry
What country is ProAssurance from?
ProAssurance is headquartered in United States
When did ProAssurance go public?
ProAssurance initial public offering (IPO) was on 04 September 1991
What is ProAssurance website?
https://www.proassurance.com
Is ProAssurance in the S&P 500?
No, ProAssurance is not included in the S&P 500 index
Is ProAssurance in the NASDAQ 100?
No, ProAssurance is not included in the NASDAQ 100 index
Is ProAssurance in the Dow Jones?
No, ProAssurance is not included in the Dow Jones index
When was ProAssurance the previous earnings report?
No data
When does ProAssurance earnings report?
The next expected earnings date for ProAssurance is 27 February 2025