ProAssurance Corporation (PRA) Releases Earnings Results, Beats Expectations By $0.13 EPS

ProAssurance Corporation (PRA) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $0.67 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.13. Analysts had a consensus of $0.54. The company posted revenue of $214.80 million in the period, compared to analysts expectations of $207.00 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.

ProAssurance Corporation closed down -0.02 points or -0.04% at $51.75 with 83,435 shares getting traded on Tusday. Post opening the session at $51.74, the shares hit an intraday low of $51.58 and an intraday high of $51.85 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Sep 8, 2015, Ziad Haydar (director) purchased 3,065 shares at $48.75 per share price.

ProAssurance Corporation (ProAssurance) is a holding company for property and casualty insurance companies. The Company provides professional liability insurance for healthcare professionals and facilities professional liability insurance for attorneys liability insurance for medical technology and life sciences risks and workers compensation insurance. The Company operates in four segments: Specialty property and casualty which includes the Company’s professional liability business and medical technology and life sciences business; Workers’ compensation which includes its workers’ compensation business provide for employers groups and associations; Lloyd’s syndicate which includes operating results from its participation in Lloyd’s Syndicate 1729 and Corporate includes the Company’s investing operations managed at the corporate level non-premium revenues generated outside of insurance entities and corporate expenses including interest and United States income taxes.

ProAssurance Corporation

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