ProAssurance Q1 underwriting loss narrows to $20mn, NII falls nearly 30%
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ProAssurance Q1 underwriting loss narrows to $20mn, NII falls nearly 30%

James Thaler
May 05, 2021
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ProAssurance logo birmingham alabama.jpg

Specialty insurer ProAssurance posted its third consecutive operating profit in the first quarter, as the company’s underwriting loss narrowed, despite an almost 30% drop in net investment income.

Operating income totaled $2.1mn in the quarter, a shift to profitability from last year’s $1.2mn operating loss. The company’s underwriting loss shrank to $20mn in the quarter, down from $26mn last year.

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