Proassurance Cp Stock Price, News & Analysis

NexPoint Real Estate Finance (NYSE: NREF) has declared a dividend of $0.53125 per share for its 8.50% Series A Cumulative Redeemable Preferred Stock (NYSE: NREF PRA). The dividend will be distributed on July 25, 2025, to shareholders who are on record as of July 15, 2025. This announcement represents the company's commitment to providing regular income to its preferred stockholders at the stated 8.50% annual rate.

ProAssurance Corporation (NYSE: PRA) reported Q1 2025 results with a net loss of $5.8 million ($0.11 per diluted share) and operating income of $6.8 million ($0.13 per diluted share). Key highlights include stable net premiums written of $204.5 million in Medical Professional Liability business, and an 8% increase in Specialty P&C renewal premiums. The company maintained a solid 84% retention rate in Specialty P&C segment. Net investment income increased 9% due to higher book yields. Notably, ProAssurance announced an agreement on March 19, 2025, to be acquired by The Doctors Company for $25.00 per share in cash, with the transaction expected to close in first half of 2026. Book value per share increased to $24.05 from $23.49 at year-end 2024.

Flagstar Financial (NYSE: FLG) has declared its quarterly cash dividends for both common and preferred stockholders. The company announced a $0.01 per share dividend on common stock, payable June 17, 2025, to stockholders of record as of June 7, 2025.

Additionally, preferred stock dividends were declared:

• Series A preferred stock: $15.94 per share ($0.3984 per depositary share)
• Series B preferred stock: $3.3333 per share
• Series D preferred stock: $3.3333 per share

As of March 31, 2025, Flagstar reported total assets of $97.6 billion, loans of $67.1 billion, deposits of $73.9 billion, and stockholders' equity of $8.2 billion. The bank operates approximately 400 locations across nine states, focusing on the New York/New Jersey metro area, upper Midwest, Florida, and West Coast.

ProAssurance (NYSE: PRA) will be acquired by The Doctors Company Insurance Group (TDC Group), as announced on March 19, 2025. The transaction is expected to close in the first half of 2026, subject to regulatory approval. Following the acquisition, PRA will be 100% owned by The Doctors Company.

AM Best has confirmed that ProAssurance's Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Ratings of 'a+' (Excellent) remain unchanged, with a stable outlook. The ratings reflect ProAssurance's strongest balance sheet strength, adequate operating performance, favorable business profile, and appropriate enterprise risk management.

The merger combines the fourth-largest medical professional liability (MPL) insurance writer (ProAssurance) with the second-largest (TDC Group) in the United States, based on direct premiums written. AM Best will continue monitoring both organizations independently during the extended transaction period.

AM Best has maintained its ratings for The Doctors Company Insurance Group (TDC Group) following the announcement of their planned acquisition of ProAssurance (PRA). The transaction, announced on March 19, 2025, will combine the second and fourth-largest medical professional liability insurers in the United States.

TDC Group maintains its Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Ratings of 'a+', with a stable outlook. These ratings reflect TDC Group's strongest balance sheet strength, adequate operating performance, neutral business profile, and appropriate enterprise risk management.

The acquisition is expected to close in the first half of 2026, subject to regulatory approval. Upon completion, ProAssurance will become 100% owned by The Doctors Company. AM Best currently anticipates no material changes to TDC Group's rating fundamentals and will continue evaluating both organizations independently during the transaction process.

The Doctors Company, the largest physician-owned medical malpractice insurer, has announced the acquisition of ProAssurance (NYSE: PRA) for $25.00 per share in cash. The deal values ProAssurance at approximately $1.3 billion, representing a 60% premium over ProAssurance's closing price on March 18, 2025.

The combined entity will have assets of approximately $12 billion. The transaction, unanimously approved by ProAssurance's Board of Directors, is expected to close in the first half of 2026, subject to shareholder and regulatory approvals. Upon completion, ProAssurance will become a wholly owned subsidiary of The Doctors Company and will be delisted from the NYSE.

MetLife (NYSE: MET) has confirmed its previously announced first quarter 2025 dividend for its Series A preferred stock. The dividend amount is set at $0.35516415 per share for the floating rate non-cumulative preferred stock (NYSE: MET PRA), which has a liquidation preference of $25 per share.

The dividend will be payable on March 17, 2025, to shareholders of record as of February 28, 2025 (adjusted from March 2, 2025, which falls on a Sunday). The New York Stock Exchange has yet to set an ex-dividend date for the Series A preferred stock.

NexPoint Real Estate Finance (NYSE: NREF) has declared a dividend of $0.53125 per share for its 8.50% Series A Cumulative Redeemable Preferred Stock (NYSE: NREF PRA). The dividend will be distributed on April 25, 2025, to shareholders recorded as of the close of business on April 15, 2025.

ProAssurance (NYSE: PRA) reported strong financial results for Q4 and full-year 2024. The company achieved net income of $16.2 million ($0.31 per diluted share) and operating income of $18.3 million ($0.36 per diluted share) in Q4 2024. Full-year results showed net income of $52.7 million ($1.03 per diluted share).

Key highlights include a Specialty P&C segment combined ratio of 100.9%, a 9% increase in net investment income, and solid returns from partnership investments. Book value per share increased to $23.49 from $21.82 at year-end 2023. The company maintained strong renewal premium increases of 8% in Q4, contributing to a cumulative 65% premium change since 2018. Retention remained solid at 84% for 2024, with 87% retention in the standard physicians Medical Professional Liability business.