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ProAssurance posts 4Q profit

BIRMINGHAM, Ala. (AP) _ ProAssurance Corp. (PRA) on Wednesday reported fourth-quarter earnings of $54.8 million.

The Birmingham, Alabama-based company said it had net income of $1.02 per share. Earnings, adjusted for investment gains, were 83 cents per share.

The medical professional liability insurer posted revenue of $237.7 million in the period. Its adjusted revenue was $220.3 million.

For the year, the company reported profit of $151.1 million, or $2.83 per share. Revenue was reported as $841.1 million.

ProAssurance shares have risen almost 2 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $57.25, a climb of 13 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRA at https://www.zacks.com/ap/PRA

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Keywords: ProAssurance, Earnings Report