ProAssurance Corp. Earnings Advance 34% In Q1

(RTTNews) - ProAssurance Corp. (PRA) announced a profit for its first quarter that gained ground compared to the same period last year.

The company said its bottom line climbed to $33.40 million, or $0.62 per share. This was higher than $24.94 million, or $0.47 per share, in last year's first quarter.

Analysts had expected the company to earn $0.54 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 15.3% to $223.0 million. This was up from $193.39 million last year.

ProAssurance Corp. earnings at a glance:

-Earnings (Q1): $33.40 Mln. vs. $24.94 Mln. last year. -Earnings Growth (Y-o-Y): 33.9% -EPS (Q1): $0.62 vs. $0.47 last year. -EPS Growth (Y-o-Y): 31.9% -Analysts Estimate: $0.54 -Revenue (Q1): $223.0 Mln vs. $193.39 Mln last year. -Revenue Change (Y-o-Y): 15.3%