ProAssurance Corp. Q1 Income Declines 29%

(RTTNews) - ProAssurance Corp. (PRA) announced earnings for first quarter that dropped from last year.

The company said its profit totaled $24.76 million, or $0.46 per share. This was down from $34.71 million, or $0.61 per share, in last year's first quarter.

Analysts had expected the company to earn $0.50 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.0% to $193.38 million. This was down from $207.83 million last year.

ProAssurance Corp. earnings at a glance:

-Earnings (Q1): $24.76 Mln. vs. $34.71 Mln. last year. -Earnings Decline (Y-o-Y): -28.7% -EPS (Q1): $0.46 vs. $0.61 last year. -EPS Decline (Y-o-Y): -24.6% -Analysts Estimate: $0.50 -Revenue (Q1): $193.38 Mln vs. $207.83 Mln last year. -Revenue Change (Y-o-Y): -7.0%