Property and Casualty insurer ProAssurance Company PRA is about to report fourth-quarter 2024 outcomes on Feb. 24, 2025, after the closing bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings is at present pegged at 15 cents per share on revenues of $271.98 million.
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The fourth-quarter earnings estimate remained steady over the previous 60 days. The underside-line projection signifies a year-over-year enchancment of 400%. Nevertheless, the Zacks Consensus Estimate for quarterly revenues suggests a year-over-year decline of 4.6%.
Picture Supply: Zacks Funding Analysis
For 2024, the Zacks Consensus Estimate for ProAssurance’s revenues is pegged at $1.11 billion, implying a decline of 0.5% 12 months over 12 months. Nevertheless, the consensus mark for 2024 EPS is pegged at 80 cents, signaling large enchancment from the year-ago lack of 14 cents.
ProAssurancebeat the earnings estimates in three of the final 4 quarters and missed as soon as, with the typical shock being 61.5%. That is depicted within the determine under.
ProAssurance Company Worth and EPS Shock
ProAssurance Corporation price-eps-surprise | ProAssurance Company Quote
This fall Earnings Whispers for ProAssurance
Our confirmed mannequin doesn’t conclusively predict an earnings beat for the corporate this time round. The mixture of a constructive Earnings ESP and a Zacks Rank #1 (Robust Purchase), 2 (Purchase), or 3 (Maintain) will increase the chances of an earnings beat. That’s not the case right here.
PRA has an Earnings ESP of 0.00% and a Zacks Rank #2. You’ll be able to uncover the most effective shares to purchase or promote earlier than they’re reported with our Earnings ESP Filter.
You’ll be able to see the complete list of today’s Zacks #1 Rank stocks here.
What’s Shaping ProAssurance’s This fall Outcomes?
Rising funding earnings and lowering bills are more likely to have aided its efficiency within the fourth quarter. Whereas the Zacks Consensus Estimate for web funding earnings signifies 11.9% year-over-year development, our mannequin estimates a 12.5% improve.
The consensus mark for web loss ratio is pegged at 78.57% for the fourth quarter, down from 78.90% a 12 months in the past, indicating bettering effectivity. We count on whole bills to have declined by round 7% within the quarter underneath overview.
The Zacks Consensus Estimate for Employees’ Compensation Insurance coverage unit’s working earnings signifies a 46.4% enchancment from a 12 months in the past. Our mannequin estimate for the Segregated Portfolio Cell Reinsurance unit’sworking earnings signifies a greater than 30% improve from a 12 months in the past. These are more likely to have aided the corporate’s backside line within the fourth quarter.
Nevertheless, the positives are more likely to have been impacted by decrease premiums earned. The Zacks Consensus Estimate for web premiums earned signifies a 6.5% decline from the prior-year quarter’s quantity, whereas our mannequin estimates a 6.3% fall.
The consensus mark for underwriting expense ratio is pegged at 33.07% for the quarter underneath overview. Additional, the consensus mark for Specialty P&C Phase’s working earnings indicators a greater than 23% year-over-year deterioration, making an earnings beat unsure.
How Did Different Shares Carry out?
Listed below are another shares within the broader Finance house which have already reported earnings for this quarter: CNO Monetary Group, Inc. CNO, American Worldwide Group, Inc. AIG and The Allstate Company ALL.
CNO Monetary reported fourth-quarter adjusted EPS of $1.31, which beat the Zacks Consensus Estimate by 22.4percenton the again of elevated collected premiums throughout annuity, life and well being merchandise, driving a rise in whole insurance coverage coverage earnings. Development in payment revenues and a decline in general expense degree additionally contributed to the upside. Nevertheless, the positives have been partly offset by softer funding outcomes.
American Internationalreported fourth-quarter 2024 adjusted EPS of $1.30, which beat the Zacks Consensus Estimate by 3.2% supported by new enterprise manufacturing, strong retention and decrease bills. Decrease premiums and excessive disaster fees partially offset the positives.
Allstate reported a fourth-quarter 2024 adjusted web earnings of $7.67 per share, which outpaced the Zacks Consensus Estimate by 17.8% on the again of development in premiums and improved underwriting earnings and funding earnings. Nevertheless, the upside was partly offset by elevated disaster losses and elevated prices and bills.
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American International Group, Inc. (AIG) : Free Stock Analysis Report
CNO Financial Group, Inc. (CNO) : Free Stock Analysis Report
The Allstate Corporation (ALL) : Free Stock Analysis Report
ProAssurance Corporation (PRA) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
