FX.co ★ ProAssurance Corp. Profit Climbs In Q2, Beats Estimates

ProAssurance Corp. (PRA) has reported increased earnings for the second quarter, surpassing both last year's performance and market expectations.

The company's earnings reached $15.5 million, translating to $0.30 per share, compared to $10.6 million, or $0.20 per share, in the corresponding quarter of the previous year.

Analysts, as per data from Thomson Reuters, had forecasted earnings of $0.10 per share, typically excluding special items.

However, the revenue for the quarter experienced a slight decline, falling by 0.5% to $290.355 million from $291.831 million the year prior.

Key financial results (GAAP):

- Q2 Earnings: $15.5 million, up from $10.6 million the previous year.

- Q2 EPS: $0.30, an increase from $0.20 the previous year.

- Q2 Revenue: $290.355 million, compared to $291.831 million last year.