BIRMINGHAM, Ala. (AP) _ ProAssurance Corp. (PRA) on Monday reported a loss of $3.6 million in its first quarter.
The Birmingham, Alabama-based company said it had a loss of 7 cents per share. Earnings, adjusted for investment costs, came to 14 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.
The medical professional liability insurer posted revenue of $283.1 million in the period. Its adjusted revenue was $289 million, surpassing Street forecasts. Four analysts surveyed by Zacks expected $277.4 million.