Welcome to our dedicated page for ProAssurance news (Ticker: PRA), a resource for investors and traders seeking the latest updates and insights on ProAssurance stock.
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.
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). This dividend will be payable on April 25, 2023, to stockholders recorded by the close of business on April 13, 2023. This announcement reflects the company’s ongoing commitment to return value to shareholders.
American International Group (AIG) reported robust financial results for the fourth quarter and full year 2022, showcasing the strongest underwriting profitability in General Insurance's history. Full-year underwriting income nearly doubled to $2.0 billion with a combined ratio of 91.9%. Life and Retirement sectors generated $2.1 billion in premiums, bolstered by Fixed Annuity sales. However, net income per diluted share decreased to $0.35 from $4.38 year-over-year, attributed to lower alternative investment income. AIG returned over $6.1 billion to shareholders through stock repurchases and dividends. Book value per share declined to $53.83 due to higher interest rates.
NexPoint Real Estate Finance, Inc. (NYSE: NREF) announced the final income allocations for its 2022 dividend distributions on both common and preferred stock. Shareholders will receive a total of $2.00 per share for common stock, with taxable ordinary income of $1.32 per share and capital gains of $0.68 per share. For preferred stock (NREF PRA), the total stands at $2.125 per share, comprising $1.403 in taxable ordinary income and $0.722 in capital gains. Key dates include ex-dividend dates on March 14, June 14, September 14, and December 14, 2022, with payable dates following on March 31, June 30, September 30, and December 30, 2022.
ProAssurance Corporation (NYSE:PRA) will announce its Q4 and full-year 2022 financial results on February 27, 2023, after market close. A conference call is scheduled for 10:00 AM ET on February 28, 2023, to discuss the results and address investor inquiries. Participants can dial (844) 200-6205 for U.S. calls or +1 (929) 526-1599 for international access, using access code 935700. A replay will be available for at least 7 days post-call, with further details accessible at ProAssurance.com. ProAssurance is recognized for its specializations in various insurance sectors and has received commendable ratings from AM Best and Fitch Ratings.
ProAssurance Corporation (NYSE:PRA) has declared a cash dividend of $0.05 per common share, scheduled for payment on January 10, 2023, to shareholders recorded by December 22, 2022. The company anticipates an annual dividend of $0.20 per share, distributed quarterly, with future payments subject to the board's review of financial performance and conditions. Additionally, the 2023 Annual Meeting of Shareholders will occur on May 24, 2023, with a record date of March 27, 2023.
ProAssurance Corporation (NYSE: PRA) reported a net loss of $9.1 million or $0.17 per diluted share for Q3 2022. The company maintained gross premiums of $308 million, driven by strong retention and pricing in the Specialty P&C segment. The combined ratio increased to 107.9%, while net investment income rose by 28% to $25 million. Adjusted book value per share decreased to $25.75. Management highlighted improved client retention and favorable reserve development, although equity losses from unconsolidated subsidiaries were noted at $6.9 million.
AIG reported strong financial results for Q3 2022, with a net income of $2.7 billion ($3.50 per diluted share), up from $1.7 billion in Q3 2021. The company successfully completed the IPO of Corebridge Financial, generating approximately $1.7 billion. General Insurance shows a combined ratio improvement to 97.3%, and Life and Retirement saw sales rise to $8.9 billion, a 23% increase year-over-year. However, adjusted after-tax income decreased to $0.66 per share due to lower investment income, reflecting challenging economic conditions.
ProAssurance Corporation (NYSE:PRA) will report its financial results for the quarter ending September 30, 2022, on November 8, 2022, after market close. A conference call to discuss the results will take place on November 9, 2022, at 10:00 AM ET. Investors can join the call via phone or through a webcast. A replay will be available until November 16, 2022. ProAssurance specializes in healthcare, products, legal, and workers' compensation insurance and is rated 'A' (Excellent) by AM Best.
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.
AIG reported strong financial results for Q2 2022, highlighting a net income of $3.0 billion or $3.78 per diluted share, a significant increase from $0.11 per share a year ago. The General Insurance sector achieved a combined ratio of 87.4%, its first sub-90 ratio in over 15 years, with underwriting income up 73%. Life and Retirement reported $563 million in adjusted pre-tax income, though down from $1.1 billion last year, impacted by lower investment income. AIG repurchased $1.7 billion in shares and declared a dividend of $0.32 per common share, payable on September 30, 2022.