ProAssurance Reports Results for First Quarter 2024

BIRMINGHAM, Ala.--(BUSINESS WIRE)--ProAssurance Corporation (NYSE: PRA) reports net income of $4.6 million, or $0.09 per diluted share, and operating income(1) of $4.2 million, or $0.08 per diluted share, for the three months ended March 31, 2024. First Quarter 2024(2) Gross premiums written: $311 million (-1%) New business written: $20 million (+7%) Strong renewal pricing increases in medical professional liability business (+8%) Consolidated current accident year loss ratio of 79.9% (3 point