ProAssurance Corp. is warning investors that it expects to report a net loss of between 45 cents and 47 cents per basic and diluted share when it announces fourth quarter results on Feb. 21.
Net income in the quarter will be hurt by losses on the company’s equity trading portfolio, amounting to net realized losses of about $46 million, the company said in a news release.
In addition, the company’s Lloyd’s Syndicates segment is expected to report a net loss of $9 million to $10.5 million.
ProAssurance forecast losses of about $3.2 million during its third quarter c...
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