ProAssurance Corporation: A Turnaround Opportunity Trading at 0.8 Book?Rupert Hargreaves
ProAssurance Corporation (PRA) provides property and casualty insurance and reinsurance products in the United States.
The company has struggled over the past few years to create value for its shareholders. Rising losses throughout 2018, 2019, and 2020 all but wiped out profitability. Meanwhile, book value per share has decreased from $33.80 in 2016 to $25 . . .
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