ProAssurance Q4 Revenue Beats Estimate, EPS Soars 272% to $0.82
ProAssurance reported Q4 revenue of $271.56 million, down 5.6% year-over-year but 3.9% above estimates, while EPS climbed to $0.82 from $0.36, exceeding forecasts by 272.7%. Underwriting expense ratio was 36.6% vs. 34.1% estimate, combined ratio improved to 92.3%, and net investment income rose 9.1%.
1. Q4 Financial Results
ProAssurance generated $271.56 million in Q4 revenue, a 5.6% decline from last year but 3.9% above consensus, and delivered EPS of $0.82 versus $0.36 in the prior-year quarter, representing a 272.7% beat of analyst forecasts.
2. Underwriting Metrics
Underwriting expense ratio came in at 36.6% against a 34.1% estimate, while the combined ratio improved to 92.3% compared with the 110.7% consensus; net loss ratio was 55.7% versus a projected 76.6%.
3. Investment Income and Equity
Net investment income rose 9.1% year-over-year to $40.17 million, slightly above the $39.25 million estimate, and equity in earnings of unconsolidated subsidiaries totaled $2.95 million, down 49.4% from the prior-year quarter.
4. Net Premiums Earned
Net premiums earned totaled $232.15 million, a 3.7% decline year-over-year, but edged past the $231.49 million analyst estimate, reflecting stable premium growth dynamics.