ProAssurance Corporation ( (PRA) ) has released its Q3 earnings. Here is a breakdown of the information ProAssurance Corporation presented to its investors.
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ProAssurance Corporation is a leading specialty insurer with a focus on medical professional liability and workers’ compensation insurance, operating primarily in the eastern United States.
In the third quarter of 2025, ProAssurance reported a net income of $1.4 million, or $0.03 per diluted share, with an operating income of $7.9 million, or $0.15 per diluted share. The company continues to navigate challenging market conditions in the medical professional liability and workers’ compensation sectors.
Key financial metrics for the quarter include consolidated net premiums written of $261.3 million, with a significant portion from the Medical Professional Liability business. The company achieved an 8% increase in Specialty P&C renewal premiums, contributing to a cumulative premium change of over 80% since 2018. However, the consolidated Non-GAAP combined ratio stood at 112.2%, indicating ongoing challenges in maintaining profitability.
Despite these challenges, ProAssurance saw an 8.5% increase in consolidated net investment income, reflecting higher average book yields. The company’s book value per share also rose to $25.37, up from $23.49 at the end of 2024.
Looking ahead, ProAssurance is optimistic about its strategic merger with The Doctors Company, which is expected to enhance its scale and capabilities in serving healthcare providers. The transaction is anticipated to close by June 30, 2026, pending regulatory approvals.