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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.
For the year, the company reported a loss of $402,000, or 1 cent per share. Revenue was reported as $1.13 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a PRA">Zacks stock report on PRA at https://www.zacks.com/ap/PRA