ProAssurance ekes out $3.5mn Q4 operating income as competition and severity trends bite

Published: Tue 5 Sep 2023

ProAssurance closed Q4 2022 by eking out much-reduced operating income of $3.5mn while its combined ratio jumped 7.2 points to 104.2 percent as its underwriting operations battled headwinds including increased competition and higher than anticipated loss severity trends.