ProAssurance: Q4 Earnings Snapshot

Associated Press Finance
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BIRMINGHAM, Ala. (AP) — BIRMINGHAM, Ala. (AP) — ProAssurance Corp. (PRA) on Tuesday reported fourth-quarter earnings of $6.4 million.

On a per-share basis, the Birmingham, Alabama-based company said it had profit of 12 cents. Losses, adjusted for investment gains, were 5 cents per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.

The medical professional liability insurer posted revenue of $297 million in the period. Its adjusted revenue was $284.9 million, which beat Street forecasts. Five analysts surveyed by Zacks expected $279.5 million.

For the year, the company reported a loss of $38.6 million, or 73 cents per share. Revenue was reported as $1.12 billion.

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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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