Welcome to our dedicated page for Proassurance Cp news (Ticker: PRA), a resource for investors and traders seeking the latest updates and insights on Proassurance Cp stock.
ProAssurance Cp (PRA) provides specialized insurance solutions for healthcare providers and legal professionals through its property and casualty subsidiaries. This page aggregates official news releases, regulatory updates, and strategic developments from the company.
Investors and industry stakeholders will find timely updates on healthcare liability trends, workers' compensation programs, and innovations in professional liability coverage. Content spans earnings announcements, leadership changes, product expansions, and market positioning updates across PRA's five operational segments.
Key focus areas include developments in medical malpractice insurance, reinsurance strategies through Lloyd's syndicate partnerships, and corporate risk management initiatives. All content is sourced directly from ProAssurance's communications to ensure accuracy and compliance.
Bookmark this page for consolidated access to PRA's latest operational milestones, financial disclosures, and industry-specific insights. Check regularly for objective updates on one of the insurance sector's most specialized providers.
The Board of Trustees of abrdn Income Credit Strategies Fund has declared a quarterly cash distribution of $0.328125 per share for its 5.25% Series A Perpetual Preferred Shares (NYSE: ACP PRA).
The dividend is payable on July 1, 2024, to shareholders on record as of June 21, 2024.
The annual dividend rate of these shares is $1.3125 per share, and they were initially issued on May 10, 2021, at $25 per share.
Payments may come from various income sources, including capital gains and return of capital, and tax treatment will be detailed in Form 1099-DIV sent in January 2025.
Investors should note that the Fund's value may fluctuate, and shares can trade at a premium or discount relative to NAV.
NexPoint Real Estate Finance announced a dividend for its 8.50% Series A Cumulative Redeemable Preferred Stock (NYSE: NREF PRA) of $0.53125 per share.
This dividend will be payable on July 25, 2024, to stockholders of record at the close of business on July 15, 2024.
ProAssurance announced the election of Richard J. Bielen, CPA, and Staci M. Pierce, JD, to its Board of Directors at the Annual Meeting of Shareholders on May 22. Additionally, Bruce D. Angiolillo, JD, and Samuel A. Di Piazza, Jr., CPA, were re-elected for three-year terms. The board now has 10 members, down from 12.
Shareholders also approved the 2024 Equity Incentive Plan and ratified Ernst & Young, LLP as the independent auditor for fiscal year 2024. Compensation for named executive officers was approved on an advisory basis. All proposals received substantial support.
Bielen, CEO of Protective Life , brings over 35 years of financial services experience, while Pierce, CEO of Action Resources, has eight years in executive roles in transportation and environmental services industries and five years as an attorney.
ProAssurance (NYSE: PRA) reported net income of $4.6 million, or $0.09 per diluted share, and operating income of $4.2 million, or $0.08 per diluted share, for the first quarter of 2024. Key highlights include a 1% decrease in gross premiums written, a 7% increase in new business written, and a strong 8% renewal pricing increase in the medical professional liability business. The consolidated current accident year loss ratio improved by 3 points to 79.9%, and the consolidated combined ratio saw a 2 point improvement to 111.6%. Net investment income increased by 12% to $34 million. Book value per share stood at $21.82 as of March 31, 2024. ProAssurance's management emphasized disciplined underwriting, rate increases, and claims management in a challenging environment, focusing on sustained profitability goals.
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