ProAssurance Corp. Reports Drop In Q4 Profit

(RTTNews) - ProAssurance Corp. (PRA) reported earnings for fourth quarter that retreated compared to the same period last year.

The company said its profit dropped to $29.52 million, or $0.55 per share. This was down from $44.45 million, or $0.83 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.62 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 12.0% to $209.12 million. This was down from $237.67 million last year.

ProAssurance Corp. earnings at a glance:

-Earnings (Q4): $29.52 Mln. vs. $44.45 Mln. last year. -Earnings Decline (Y-o-Y): -33.6% -EPS (Q4): $0.55 vs. $0.83 last year. -EPS Decline (Y-o-Y): -33.7% -Analysts Estimate: $0.62 -Revenue (Q4): $209.12 Mln vs. $237.67 Mln last year. -Revenue Change (Y-o-Y): -12.0%