ProAssurance Corporation (PRA) Q3 2025 TL;DR
Financial Performance: Net Income for the nine months ended September 30, 2025, sharply declined to $17.5 million from $36.6 million in 2024. Net Premiums Earned decreased 3.5% to $702.1 million due to strategic non-renewals. The GAAP Combined Ratio worsened to 114.7% (vs. 105.6% prior), heavily impacted by $14.6 million in pre-tax merger transaction costs. Conversely, Net Investment Income provided support, rising to $116.3 million YTD. Operating cash flow usage widened slightly to ($12.5 million). GAAP Book Value per share reached
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