ProAssurance Q2 Adj. Profit Meets Estimate - Quick Facts

(RTTNews) - ProAssurance Corp. (PRA) reported that its second-quarter net income decreased to $49.9 million or $0.84 per share, compared to $50.5 million or $0.81 per share, previous year.

Operating income for the latest second quarter was $40.9 million or $0.69 per share, down from $44.9 million or $0.72 per share in the comparable quarter last year. On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.69 for the quarter. Analysts' estimates typically exclude special items.

Total revenues increased to $222.45 million from $170.81 million, while six analysts expected revenue of $177.24 million for the quarter.