ProAssurance: Q4 Earnings Snapshot
By AP News
Published - Feb 27, 2023, 06:12 PM ET
Last Updated - Jun 22, 2023, 07:14 PM EDT
BIRMINGHAM, Ala. (AP) — BIRMINGHAM, Ala. (AP) — ProAssurance Corp. (PRA) on Monday reported fourth-quarter earnings of $13.9 million.
On a per-share basis, the Birmingham, Alabama-based company said it had profit of 26 cents. Earnings, adjusted for investment gains, were 6 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The medical professional liability insurer posted revenue of $294.7 million in the period. Its adjusted revenue was $283.3 million, which missed Street forecasts. Four analysts surveyed by Zacks expected $286.9 million.
