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ProAssurance Corporation reports developments tied to its property and casualty insurance holding company operations. Its insurance subsidiaries provide professional liability coverage for healthcare professionals and facilities, professional liability coverage for attorneys, and workers' compensation insurance.
Company news commonly covers operating and financial results, investment portfolio updates, capital-structure disclosures, governance matters, and segment-level activity across Specialty Property and Casualty, Workers' Compensation, Segregated Portfolio Cell Reinsurance, and Corporate reporting areas.
The board of directors of ProAssurance Corporation (NYSE:PRA) declared a cash dividend of $0.05 per common share, payable on October 13, 2022, to shareholders of record as of September 29, 2022. The company anticipates a total annual dividend of $0.20 per share, paid quarterly, subject to the board's review of financial performance and other factors.
ProAssurance Corporation (NYSE: PRA) reported a net loss of $1.7 million or $0.03 per diluted share for Q2 2022, alongside an operating income of $16.3 million or $0.30 per diluted share. Key metrics included a 13% rise in gross premiums written to $235.5 million and a consolidated combined ratio of 102.9%, a slight improvement from Q1 2022. Net investment income increased by 26% to $22 million, though adjusted book value per share decreased to $25.96. The results show ongoing efforts in disciplined underwriting and strategic business initiatives post-NORCAL acquisition.
ProAssurance Corporation (NYSE:PRA) will report its quarterly results for the period ending June 30, 2022, after market close on August 8, 2022. A conference call to discuss these results will take place on August 9, 2022, at 10:00 AM ET. US-based investors can join via phone or webcast. Additionally, a replay will be available until at least August 16, 2022. ProAssurance is known for its specialty insurance in healthcare, products liability, and workers' compensation, with strong ratings from AM Best and Fitch Ratings.
At the Annual Meeting of Shareholders, ProAssurance (NYSE:PRA) shareholders voted to reelect four board members, each receiving over 96% approval. Bruce D. Angiolillo was selected as Independent Chair. Shareholders also approved executive compensation for 2021 with 97% support and approved Ernst & Young as the independent auditor for the fiscal year ending December 31, 2022. The Board declared a cash dividend of $0.05 per common share, payable on June 29, 2022, with a total anticipated annual dividend of $0.20 per share planned.
ProAssurance Corporation (NYSE: PRA) reported a net loss of $3.6 million and an operating income of $7.7 million for Q1 2022. Gross premiums written surged to $335.6 million, a 49.3% increase, driven by the NORCAL acquisition. The combined ratio improved to 105.4%, a decline of 4.2 points. However, book value per share fell by approximately 10% to $23.72 due to unrealized losses from a rising interest rate environment. Despite challenges, management remains optimistic about long-term competitive advantages from integration and improved operating results.
ProAssurance Corporation (NYSE:PRA) announced the retirement of Executive Chairman W. Stancil (Stan) Starnes, effective at the Annual Shareholders Meeting on May 24, 2022. Starnes has been with the company since September 2007, having served as Chairman and CEO during significant growth, including seven acquisitions and diversification of services. His leadership is praised by CEO Ned Rand and others for its impact on the company's legacy. The board plans to elect an independent chair following Starnes' retirement.
ProAssurance Corporation (NYSE:PRA) will release its quarterly results for the period ending March 31, 2022 after market close on May 9, 2022. A conference call discussing these results will take place on May 10, 2022, at 10:00 AM ET. Investors can join by phone or via webcast from the ProAssurance Investor Relations website. The conference call will also be available for replay until May 17, 2022. ProAssurance specializes in healthcare and legal professional liability insurance and holds strong ratings from AM Best and Fitch Ratings.
ProAssurance Corporation (NYSE:PRA) has announced a cash dividend of $0.05 per share, payable on April 7, 2022, for shareholders on record as of March 24, 2022. The company aims for an annual dividend of $0.20 per share, distributed quarterly, contingent on Board reviews of financial performance and other relevant factors. ProAssurance specializes in various insurance sectors, including healthcare professional liability, and maintains strong ratings from AM Best and Fitch Ratings.
ProAssurance Corporation (NYSE: PRA) reported impressive fourth quarter and full year 2021 results, with net income of $32.1 million ($0.59 per diluted share) and $144.1 million ($2.67 per diluted share), respectively. Gross premiums written surged 34.8% to $218.1 million for the quarter and rose 12.4% to $960.0 million for the year. The company achieved a combined ratio of 96.5% for Q4, a 9.3-point improvement. Notably, net investment results increased significantly by 28.8% in Q4 and 98.9% for the full year. The acquisition of NORCAL contributed positively, reflecting strategic growth.
ProAssurance Corporation (NYSE:PRA) is set to announce its financial results for the quarter and year ending December 31, 2021, after market close on February 21, 2022. A conference call will be held on February 22, 2022, at 10:00 AM ET to discuss the results, with participation options for both US and international investors. Replay options will be available until March 1, 2022. ProAssurance is recognized as a leading specialty insurer in healthcare professional liability and other insurance sectors, holding strong ratings from AM Best and Fitch Ratings.