ProAssurance has reported an operating income of $50.4m, or $1.52 per diluted share for the second quarter of 2009, an increase when compare to $46.6m for the second quarter of 2008.
The company has reported an operating income of $83.5m, or $2.50 per diluted share for the six months ended June 30, 2009, compared to an operating income of $83.1m or $2.43 per diluted share for the second quarter of 2008.
The company has reported a net income of $53.9m, or $1.62 per diluted share for the second quarter of 2009, as compared to net income of 43.3m or $1.27 per diluted share for the second quarter of 2008.
The company has reported a net income of $82.2m, or $2.46 per diluted share for the six months ended June 30, 2009, compared to net income of $79.1m or $2.31 for the same period prior year.
W Stancil Starnes, CEO of ProAssurance’s, said: Our results this quarter reflect the first contributions from the addition of The PICA Group and continued contributions from Mid-Continent General Agency. At the same time, targeted new business initiatives allowed us to add profitable premium in our historical medical professional liability book. Our ability to add new business and increase the top line affirms our growth strategy and the level of service and financial security we provide to our insureds and agents.