Proassurance Cp Stock Price, News & Analysis

Flagstar Financial (NYSE: FLG) has announced its quarterly dividend declarations. The company will pay a cash dividend of $0.01 per share on its common stock, payable March 17, 2025, to stockholders of record as of March 7, 2025.

The Board also declared dividends on preferred stocks: $15.94 per share on Series A preferred stock ($0.3984 per depositary share), $3.3333 per share on Series B preferred stock, and $3.3333 per share on Series D Non-Voting Common Equivalent Stock, all payable March 17, 2025.

As of December 31, 2024, Flagstar reported total assets of $100.2 billion, loans of $69.2 billion, deposits of $75.9 billion, and stockholders' equity of $8.2 billion. The bank operates 418 branches across the Northeast, Midwest, Southeast, and West Coast, with 80 private banking teams serving high-net worth clients.

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 paid on January 27, 2025, to shareholders who are on record as of January 15, 2025.

Abrdn Income Credit Strategies Fund has announced a quarterly cash distribution of $0.328125 per share for its 5.250% Series A Perpetual Preferred Shares (NYSE:ACP PRA). The distribution will be paid on December 31, 2024, to shareholders of record as of December 20, 2024. The Series A Preferred Shares, rated A2 by Moody's, were initially issued on May 10, 2021, at $25.00 per share and provide an annual dividend rate of $1.3125 per share.

Distributions may come from various sources including ordinary income, capital gains, and return of capital. Shareholders will receive Form 1099-DIV in January 2025 detailing the tax treatment of these distributions for the 2024 calendar year.

ProAssurance (NYSE: PRA) reported net income of $16.4 million ($0.32 per diluted share) and operating income of $17.3 million ($0.34 per diluted share) for Q3 2024. Key highlights include: Specialty P&C segment combined ratio improved to 99.5%, net investment income increased 14%, and book value per share rose to $24.07 from $21.82 at year-end 2023. The company achieved renewal premium increases of 13% in Q3, part of a cumulative 65% premium change since 2018. Despite solid retention at 84%, the company continues to be selective in renewals and new business to maintain rate adequacy in the current challenging loss environment.

ProAssurance (NYSE: PRA) has announced it will release its third quarter 2024 financial results after market close on Thursday, November 7, 2024. The company will file its Form 10-Q and issue a news release, both of which will be available on the investor relations section of their website.

Following the release, ProAssurance will host a conference call with analysts and investors on Friday, November 8, 2024, at 10:00 a.m. ET to discuss the results and other relevant information. Interested parties can preregister for the call, and dial-in numbers are provided. Additionally, a live audio webcast of the call will be accessible via the company's website. A replay of the call will be made available later on November 8.

NexPoint Real Estate Finance (NYSE: NREF) has declared a dividend for its 8.50% Series A Cumulative Redeemable Preferred Stock (NYSE: NREF PRA). The dividend amount is $0.53125 per share and will be payable on October 25, 2024. Stockholders of record at the close of business on October 15, 2024, will be eligible to receive the dividend. This announcement demonstrates the company's commitment to providing regular income to its preferred stockholders, maintaining its dividend policy for the Series A Preferred Stock.

The Board of Trustees of abrdn Income Credit Strategies Fund has declared a quarterly cash distribution of $0.328125 per share for its 5.250% Series A Perpetual Preferred Shares (NYSE:ACP PRA). The distribution is payable on September 30, 2024, to shareholders of record on September 20, 2024. The Series A Preferred Shares, rated 'A2' by Moody's, have an annual dividend rate of $1.3125 per share and were initially issued at $25.00 per share on May 10, 2021. The Fund notes that distributions may come from various sources, including short-term and long-term capital gains or return of capital. Shareholders will receive a Form 1099-DIV in January 2025 detailing the tax treatment of these distributions.

ProAssurance (NYSE: PRA) reported Q2 2024 results with net income of $15.5 million, or $0.30 per diluted share, and operating income of $11.5 million, or $0.23 per diluted share. Key highlights include:

Revenue: $290.4 million, a slight decrease of 0.5% YoY. Net premiums written: $202.9 million, a decline of 5.2% YoY. Net investment income increased by 16%.

Key Metrics: Book value per share at $22.15 and non-GAAP adjusted book value at $26.18. Combined ratio improved slightly to 110.9% from 108.2%. Return on equity was 5.5%, and non-GAAP operating return on equity was 4.1%.

Specialty P&C Segment: Combined ratio improved to 106.3%, with a 9% renewal pricing increase.

Workers' Compensation Insurance Segment: Combined ratio increased to 113.2% due to rising medical costs per claim.

Segregated Portfolio Cell Reinsurance Segment: Profit decreased to $167,000.

CEO Ned Rand emphasized a focus on disciplined underwriting and navigating challenging market conditions.

ProAssurance (NYSE: PRA) will release its second quarter 2024 financial results post-market close on Thursday, August 8, 2024. The results will be accessible via the company's website. Following the release, ProAssurance will host a quarterly conference call with analysts and investors on Friday, August 9, 2024, at 10:30 a.m. ET to discuss the financial performance and other relevant information. Interested parties can preregister for the call and access the live audio webcast through the company's website, with a replay available later in the day.