ProAssurance swings to Q1 profit as underwriting improves, merger costs decline

Filed May 5, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 6, 2025 · ~1 min read

Key Changes

• high

  Net income of $8.5M vs. $5.8M loss in Q1 2025, driven by 5.2-point combined ratio improvement (115.6% to 110.4%) and 2.5-point loss ratio improvement (80.4% to 77.9%).

  MD&A: Financial Results verify on EDGAR →
• high

  Operating cash flows declined as net premium receipts fell $15.5M due to competitive pricing pressure, with some competitors writing at lower prices.

  MD&A: Operating Cash Flow verify on EDGAR →
• high

  Holding company liquidity increased 66% to $143M from $86M, enhancing financial flexibility at the parent level.

  MD&A: Liquidity verify on EDGAR →