Short answer
PROASSURANCE CORP (PRA) filed an 8-K current report with the SEC on May 5, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item EX-99.1 (Exhibit EX-99.1). Q1 2026 operating results for quarter ended March 31, 2026.
PROASSURANCE CORP 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Q1 2026 operating results for quarter ended March 31, 2026
- Results furnished in Exhibit 99.1, requiring review for revenue, earnings, and guidance implications
Item EX-99.1 · Exhibit EX-99.1
- Q1 net income $8.5M, or $0.16 diluted EPS, reversing a $5.8M loss; operating income rose 86.7% to $12.7M
- Net premiums written declined 6.3% to $258.6M, reflecting underwriting discipline despite 6% Specialty P&C renewal increases
- Non-GAAP combined ratio improved 2.3 points to 109.9%; Specialty P&C improved to 105.9%, but both remain above breakeven
- Workers’ compensation deteriorated, with combined ratio rising to 114.1% from 110.2% and segment loss widening to $5.4M
- The Doctors Company transaction remains targeted for June 30, 2026, pending California and Pennsylvania regulatory approvals
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