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.
