ProAssurance reports top line increase for Q1

The firm reported healthy vitals in the recently concluded quarter

ProAssurance reports top line increase for Q1

Insurance News

By Allie Sanchez

ProAssurance, a provider of professional liability insurance for diverse professions, released its quarterly results last week.

The company reported earnings per share (EPS) of 62 cents for the recently concluded quarter. The reported EPS for the quarter reflects 35% growth over the 46 cents per share pegged in the same period last year.

Trade publication Sports Perspectives said the firm also declared a net margin of 18% and a 7% return on equity on the back of a $223 million top line for the quarter.  This is a 15% improvement over the same quarter last year, the report added.

Its market capitalization currently stands at $3.24 billion.

ProAssurance is a holding company for a group of property and casualty insurance companies. It provides professional liability insurance for healthcare professionals and facilities, professional liability insurance for attorneys, liability insurance for medical technology and life sciences risks, and workers’ compensation insurance.

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