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ProAssurance Corp. Q1 adjusted earnings Miss Estimates

ProAssurance Corp. (PRA) revealed earnings for first quarter that fell from the same period last year.

The company's profit totaled $11.86 million, or $0.22 per share. This compares with $41.46 million, or $0.77 per share, in last year's first quarter.

Excluding items, ProAssurance Corp. reported adjusted earnings of $21.49 million or $0.40 per share for the period.

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

The company's revenue for the quarter fell 9.9% to $201.03 million from $223.00 million last year.

ProAssurance Corp. earnings at a glance:

-Earnings (Q1): $21.49 Mln. vs. $33.40 Mln. last year.
-EPS (Q1): $0.40 vs. $0.62 last year.
-Analysts Estimate: $0.44
-Revenue (Q1): $201.03 Mln vs. $223.00 Mln last year.

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