BIRMINGHAM, Ala.--(BUSINESS WIRE)-- PICA Group, part of the ProAssurance family of companies, announced today the retirement of Dr. Ross E. Taubman, DPM. effective March 31, 2024, after 12 years of dedicated service. During his tenure, Dr. Taubman has been a valuable leader of the PICA Group team, overseeing PICA and OUM since he joined the company in 2011, as well as assuming responsibility as the head of PICA Group’s additional business units, DentistCare and LawyerCare, in 2019. Throughout his time as President, Dr. Taubman demonstrated exceptional strategic vision and a passion for inn...
BIRMINGHAM, Ala.--(BUSINESS WIRE)-- ProAssurance Corporation (NYSE: PRA) reports net income of $10.6 million, or $0.20 per diluted share, and operating income(1) of $8.6 million, or $0.16 per diluted share, for the three months ended June 30, 2023. Highlights - Second Quarter 2023(2) Gross premiums written of $238 million (+1%) New business written increased to $19 million (+58%) Favorable prior accident year reserve development of $6 million Consolidated combined ratio of 108.2% Consolidated operating ratio of 95.4% Net investment income of $32 million (+44%) Net investm...
BIRMINGHAM, Ala.--(BUSINESS WIRE)-- ProAssurance Corporation (NYSE:) will report results for the quarter ended June 30, 2023 after the close of normal trading on Tuesday, August 8th, 2023. ProAssurance will conduct a conference call at 10:00 AM ET on Wednesday, August 9th, 2023 to discuss the results and other items of interest to investors participating in the call. US-based investors are invited to participate by phone by dialing either (833) 470-1428 (toll free) or (404) 975-4839 (local). International investors may find a toll-free number here: . The access code for all attendees is 644...
BIRMINGHAM, Ala.--(BUSINESS WIRE)-- ProAssurance Corporation (NYSE:) on May 24th held its Annual Meeting of Shareholders. As a result of voting on the matters placed before the shareholders at the Annual Meeting, the company’s four director nominees were re-elected to three-year terms, and shareholders ratified the selection of Ernst & Young, LLP as our independent auditing firm for the fiscal year ending December 31, 2023. Acting on matters related to compensation, shareholders approved, on an advisory basis, the compensation of our named executive officers for 2022. Also on an advisory bas...
BIRMINGHAM, Ala.--(BUSINESS WIRE)-- ProAssurance Corporation (NYSE: PRA) reports a net loss of $6.2 million, or $0.11 per diluted share, and an operating loss(1) of $8.1 million, or $0.15 per diluted share, for the three months ended March 31, 2023. Highlights - First Quarter 2023(2) Gross premiums written of $316 million (-6%) Unfavorable prior accident year reserve development of $7 million Consolidated combined ratio of 113.9% Consolidated operating ratio of 101.3% Net investment income of $30 million (+48%) Net investment income increased by $10 million compared to 2022 ...
BIRMINGHAM, Ala.--(BUSINESS WIRE)-- ProAssurance Corporation (NYSE:) will report results for the quarter ended March 31, 2023 after the close of normal trading on Tuesday, May 9th, 2023. ProAssurance will conduct a conference call at 10:00 AM ET on Wednesday, May 10th, 2023 to discuss the results and other items of interest to investors participating in the call. US-based investors are invited to participate by phone by dialing either (833) 470-1428 (toll free) or (404) 975-4839 (local). International investors may find a toll-free number here: . The access code for all attendees is 881898....
BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Today the board of directors of ProAssurance Corporation (NYSE:) declared a cash dividend of $0.05 per common share, payable on April 13, 2023 to shareholders of record as of March 29, 2023. Our dividend policy anticipates a total annual dividend of $0.20 per share paid in equal quarterly installments. However, any decision to pay future cash dividends will be subject to the Board’s final determination after a comprehensive review of the company’s financial performance, future expectations, and other factors deemed relevant by the Board. About ProAssurance...
BIRMINGHAM, Ala.--(BUSINESS WIRE)-- ProAssurance Corporation (NYSE:) today announced that Mike Boguski has decided to retire from his role as President of Specialty Property & Casualty on June 30, 2023. Mike will be available through the end of the year to consult and assist with the transition of his responsibilities. Mr. Rand, said, “We are grateful for all that Mike has done over his 9 years with ProAssurance and his leadership at Eastern prior to that time. Since stepping into his role as President of Specialty P&C 4 years ago, Mike has brought those operations together under common leade...
BIRMINGHAM, Ala.--(BUSINESS WIRE)-- ProAssurance Corporation (NYSE: PRA) reports net income of $13.9 million, or $0.26 per diluted share, and operating income(1) of $3.5 million, or $0.06 per diluted share, for the three months ended December 31, 2022. Highlights - Fourth Quarter and Full Year 2022(2) Gross premiums written of $224 million (+3%) and $1.1 billion (+15%) Favorable prior accident year reserve development of $5 million and $37 million Consolidated combined ratio of 104.2% and 105.3% Consolidated operating ratio of 93.0% and 96.0% The full year operating ratio improved b...
BIRMINGHAM, Ala.--(BUSINESS WIRE)-- ProAssurance Corporation (NYSE:) will report results for the quarter and year ended December 31, 2022 after the close of normal trading on Monday, February 27th, 2023. ProAssurance will conduct a conference call at 10:00 AM ET on Tuesday, February 28th, 2023 to discuss the results and other items of interest to investors participating in the call. US-based investors are invited to participate by phone by dialing either (844) 200-6205 (toll free) or (646) 904-5544 (local), and international investors may dial +1 (929) 526-1599. The access code for all atten...
BIRMINGHAM, Ala.--(BUSINESS WIRE)-- The board of directors of ProAssurance Corporation (NYSE:) declared a cash dividend of $0.05 per common share, payable on January 10, 2023 to shareholders of record as of December 22, 2022. Our dividend policy anticipates a total annual dividend of $0.20 per share paid in equal quarterly installments. However, any decision to pay future cash dividends will be subject to the Board’s final determination after a comprehensive review of the company’s financial performance, future expectations, and other factors deemed relevant by the Board. Today our board als...
BIRMINGHAM, Ala.--(BUSINESS WIRE)-- ProAssurance Corporation (NYSE: PRA) reports a net loss of $9.1 million, or $0.17 per diluted share, and an operating loss(1) of $3.0 million, or $0.06 per diluted share, for the three months ended September 30, 2022. Highlights - Third Quarter 2022(2) Gross premiums written of $308 million in the quarter, in line with a year ago and driven by strong premium retention and renewal pricing increases in the Specialty P&C segment Favorable prior accident year reserve development of $7 million Consolidated combined ratio of 107.9%, up 1.3 points Consolid...
BIRMINGHAM, Ala.--(BUSINESS WIRE)-- ProAssurance Corporation (NYSE:) will report results for the quarter ended September 30, 2022 after the close of normal trading on Tuesday, November 8, 2022. ProAssurance will conduct a conference call at 10:00 AM ET on Wednesday, November 9, 2022 to discuss the results and other items of interest to investors participating in the call. US-based investors are invited to participate by phone by dialing either (844) 200-6205 (toll free) or (646) 904-5544 (local), and international investors may dial +1 (929) 526-1599. The access code for all attendees is 941...
BIRMINGHAM, Ala.--(BUSINESS WIRE)-- The board of directors of ProAssurance Corporation (NYSE:) declared a cash dividend of $0.05 per common share, payable on October 13, 2022 to shareholders of record as of September 29, 2022. Our dividend policy anticipates a total annual dividend of $0.20 per share, to be paid in equal quarterly installments. However, any decision to pay future cash dividends will be subject to the Board’s final determination after a comprehensive review of the company’s financial performance, future expectations, and other factors deemed relevant by the Board. About ProAs...
BIRMINGHAM, Ala.--(BUSINESS WIRE)-- ProAssurance Corporation (NYSE: PRA) reports a net loss of $1.7 million, or $0.03 per diluted share, and operating income(1) of $16.3 million, or $0.30 per diluted share, for the three months ended June 30, 2022. Highlights - Second Quarter 2022(2) Gross premiums written increased to $235.5 million (+13%) and net premiums earned increased to $247 million (+4%) Favorable prior accident year reserve development of $19 million (+38%) Consolidated combined ratio, excluding transaction-related costs, of 102.9%, down 2.5 points from first quarter 2022 and u...
BIRMINGHAM, Ala.--(BUSINESS WIRE)-- ProAssurance Corporation (NYSE:) will report results for the quarter ended June 30, 2022 after the close of normal trading on Monday, August 8, 2022. This press release features multimedia. View the full release here: ProAssurance will conduct a conference call at 10:00 AM ET on Tuesday, August 9, 2022 to discuss the results and other items of interest to investors participating in the call. US-based investors are invited to participate by phone by dialing either (844) 200-6205 (toll free) or (646) 904-5544 (local), and international investors may dial +1 ...
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