NYSE$PRA
ProAssurance Corporation · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
ProAssurance reported net income and an operating loss for the fourth quarter of 2023.
ProAssurance Corporation reported a net income of $6.4 million, or $0.12 per diluted share, and an operating loss of $2.5 million, or $0.05 per diluted share, for the three months ended December 31, 2023. The company's book value per share improved by 7%, driven by after-tax unrealized holding gains from their fixed maturity portfolio.
- Gross premiums written decreased by 7% to $209 million.
- New business written increased by 103% to $24 million.
- Favorable prior accident year reserve development of $3 million was driven primarily by the Segregated Portfolio Cell Reinsurance segment.
- Net investment income increased by 17% to $34 million.
Headline financials
Revenue & EPS history
ProAssurance · Revenue · Quarterly
$297M
Revenue by segment
ProAssurance · $272M total across 4 segments · Q4 2024
- Specialty P&C$187M—68.7%
- Workers' Compensation Insurance$43.3M—15.9%
- Corporate$29.5M—10.9%
- Segregated Portfolio Cell Reinsurance$12.4M—4.5%
Forward guidance
ProAssurance management will discuss fourth quarter 2023 results during a conference call at 10:00 a.m. ET on Wednesday, February 28, 2024.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2023
-0.4%
Avg return
Earnings day
-1.1%
Avg return
5 days after
-0.7%
Avg return
30 days after
56%
38 / 68 earnings
Positive
+18.1%
Q2 2024
Best reaction
-22.1%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.0% | +0.2% | -0.5% | |
| Q4 2025 | +0.4% | +0.6% | +1.3% | |
| Q3 2025 | +0.2% | +0.3% | -0.4% | |
| Q1 2025 | -0.2% | +0.2% | +0.8% | |
| Q4 2024 | +14.3% | +10.8% | +65.5% | |
| Q3 2024 | +3.0% | +3.7% | +2.5% | |
| Q2 2024 | +18.1% | +15.5% | +14.6% | |
| Q1 2024 | +9.6% | +6.9% | +0.7% | |
| Q4 2023 | -4.7% | +0.2% | -0.8% | |
| Q3 2023 | -22.1% | -27.6% | -27.7% | |
| Q2 2023 | +8.2% | +8.2% | +3.7% | |
| Q1 2023 | -21.5% | -21.3% | -22.5% | |
| Q4 2022 | +4.7% | +3.7% | -5.9% | |
| Q3 2022 | -12.7% | -11.2% | -14.4% | |
| Q2 2022 | +6.1% | +6.7% | -4.3% | |
| Q1 2022 | -12.7% | -15.0% | -8.0% | |
| Q4 2021 | +1.1% | -0.9% | +3.4% | |
| Q3 2021 | -0.9% | -2.0% | -6.3% | |
| Q2 2021 | +5.4% | +17.5% | +23.7% | |
| Q1 2021 | +1.1% | -3.1% | -6.8% | |
| Q4 2020 | +5.0% | +5.6% | +13.7% | |
| Q3 2020 | -10.2% | +2.0% | +8.6% | |
| Q2 2020 | -2.1% | -5.1% | -12.2% | |
| Q1 2020 | -18.0% | -22.1% | -17.0% | |
| Q4 2019 | -0.2% | -5.4% | -22.7% | |
| Q3 2019 | +1.4% | -1.6% | -5.3% | |
| Q2 2019 | -0.6% | +1.6% | +3.7% | |
| Q1 2019 | -0.9% | +4.2% | +6.7% | |
| Q4 2018 | -3.7% | -9.3% | -22.3% | |
| Q3 2018 | +4.2% | -0.4% | -4.9% | |
| Q2 2018 | +5.5% | +6.8% | +16.1% | |
| Q1 2018 | -13.5% | -12.7% | -17.2% | |
| Q4 2017 | -6.9% | -5.4% | -7.5% | |
| Q3 2017 | +6.1% | +5.5% | +7.7% | |
| Q2 2017 | -5.0% | -6.0% | -10.7% | |
| Q1 2017 | +1.1% | -2.4% | -1.0% | |
| Q4 2016 | +8.9% | +4.9% | +4.0% | |
| Q3 2016 | -2.5% | -1.6% | +10.6% | |
| Q2 2016 | +2.4% | +5.4% | +5.7% | |
| Q1 2016 | +1.1% | — | — | |
| Q4 2015 | -3.3% | — | — | |
| Q3 2015 | -0.9% | — | — | |
| Q2 2015 | +0.1% | — | — | |
| Q1 2015 | -3.5% | — | — | |
| Q4 2014 | +0.1% | — | — | |
| Q3 2014 | -4.9% | — | — | |
| Q2 2014 | -0.4% | — | — | |
| Q1 2014 | -0.6% | — | — | |
| Q4 2013 | -2.2% | — | — | |
| Q3 2013 | +2.7% | — | — | |
| Q2 2013 | -6.3% | — | — | |
| Q1 2013 | +0.1% | — | — | |
| Q4 2012 | +0.9% | — | — | |
| Q3 2012 | -1.9% | — | — | |
| Q2 2012 | +0.9% | — | — | |
| Q1 2012 | +1.5% | — | — | |
| Q4 2011 | +5.7% | — | — | |
| Q4 2010 | +5.7% | — | — | |
| Q3 2011 | +2.0% | — | — | |
| Q2 2011 | +1.8% | — | — | |
| Q1 2010 | +0.4% | — | — | |
| Q1 2011 | +0.6% | — | — | |
| Q4 2008 | +8.2% | — | — | |
| Q3 2009 | +4.2% | — | — | |
| Q3 2010 | +4.2% | — | — | |
| Q2 2010 | -3.5% | — | — | |
| Q2 2009 | -3.5% | — | — | |
| Q4 2009 | -3.5% | — | — |
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