For the quarter ended March 2024, ProAssurance (PRA) reported income of $282 million, up 4.1% over the identical interval final 12 months. EPS got here in at $0.08, in comparison with -$0.15 within the year-ago quarter.
The reported income compares to the Zacks Consensus Estimate of $269.24 million, representing a shock of +4.74%. The corporate delivered an EPS shock of +100.00%, with the consensus EPS estimate being $0.04.
Whereas traders intently watch year-over-year modifications in headline numbers — income and earnings — and the way they evaluate to Wall Road expectations to find out their subsequent plan of action, some key metrics at all times present a greater perception into an organization’s underlying efficiency.
Since these metrics play a vital function in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps traders higher venture a inventory’s value efficiency.
Right here is how ProAssurance carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Road analysts:
- Mixed Ratio: 111.6% versus 112.2% estimated by 5 analysts on common.
- Web Loss Ratio: 79.7% in comparison with the 81.8% common estimate based mostly on 5 analysts.
- Underwriting Expense Ratio: 31.9% in comparison with the 30.4% common estimate based mostly on 5 analysts.
- Underwriting Expense Ratio – Segregated Portfolio Cell Reinsurance: 33.3% versus the three-analyst common estimate of 31.4%.
- Web premiums earned: $244.15 million versus the five-analyst common estimate of $232.08 million. The reported quantity represents a year-over-year change of +1.8%.
- Web funding earnings: $33.90 million versus the five-analyst common estimate of $34.46 million. The reported quantity represents a year-over-year change of +11.8%.
- Fairness in earnings (loss) of unconsolidated subsidiaries: $2.96 million versus $2 million estimated by 5 analysts on common. In comparison with the year-ago quarter, this quantity represents a -364.3% change.
- Different earnings(loss): $3.96 million versus $2.70 million estimated by 5 analysts on common. In comparison with the year-ago quarter, this quantity represents a +402.5% change.
- Web Premiums Earned- Specialty Property & Casualty: $188.89 million versus $182 million estimated by three analysts on common. In comparison with the year-ago quarter, this quantity represents a +5.3% change.
- Web Premiums Earned- Segregated Portfolio Cell Reinsurance: $14.17 million versus the three-analyst common estimate of $15.10 million. The reported quantity represents a year-over-year change of -7.4%.
- Web Premiums Earned- Employees Compensation: $41.09 million versus $40.48 million estimated by three analysts on common. In comparison with the year-ago quarter, this quantity represents a +0.7% change.
- Web funding income- Segregated Portfolio Cell Reinsurance: $0.69 million versus $0.67 million estimated by two analysts on common. In comparison with the year-ago quarter, this quantity represents a +65% change.
View all Key Company Metrics for ProAssurance here>>>
Shares of ProAssurance have returned +11.5% over the previous month versus the Zacks S&P 500 composite’s -1.6% change. The inventory at the moment has a Zacks Rank #5 (Robust Promote), indicating that it may underperform the broader market within the close to time period.
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ProAssurance Corporation (PRA) : Free Stock Analysis Report
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