ProAssurance Corp. Reveals 41% Retreat In Q2 Profit

(RTTNews) - ProAssurance Corp. (PRA) reported a profit for second quarter that decreased compared to the same period last year.

The company said its profit declined to $21.36 million, or $0.40 per share. This was down from $36.05 million, or $0.67 per share, in last year's second quarter.

Analysts had expected the company to earn $0.44 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.3% to $205.58 million. This was down from $214.80 million last year.

ProAssurance Corp. earnings at a glance:

-Earnings (Q2): $21.36 Mln. vs. $36.05 Mln. last year. -Earnings Decline (Y-o-Y): -40.7% -EPS (Q2): $0.40 vs. $0.67 last year. -EPS Decline (Y-o-Y): -40.3% -Analysts Estimate: $0.44 -Revenue (Q2): $205.58 Mln vs. $214.80 Mln last year. -Revenue Change (Y-o-Y): -4.3%