ProAssurance: Fourth Quarter Earnings Overview
ProAssurance Corp. Announces Strong Fourth-Quarter Results
ProAssurance Corp., headquartered in Birmingham, Alabama, revealed on Monday that it achieved a net income of $33.4 million for the fourth quarter.
The company reported earnings of 64 cents per share, with adjusted earnings—excluding one-time expenses—reaching 82 cents per share.
These figures surpassed the expectations of Wall Street analysts, who, according to a Zacks Investment Research survey, had anticipated earnings of just 22 cents per share.
During the quarter, the medical professional liability insurer generated $269.6 million in revenue. Adjusted revenue came in at $271.6 million, again beating the consensus estimate of $261.4 million from Zacks' analysts.
For the full year, ProAssurance posted a profit of $50.9 million, or 99 cents per share, on total revenue of $1.09 billion.
This article was produced by Automated Insights using data provided by Zacks Investment Research.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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