Investigation announced for Investors in shares of ProAssurance Corporation (NYSE: PRA)

An investigation was announced concerning possible securities laws violations by ProAssurance Corporation in connection with certain financial statements.

Investors who purchased shares of ProAssurance Corporation (NYSE: PRA), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by ProAssurance Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Birmingham, AL based ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States.

ProAssurance Corporation reported that its annual Total Revenue increased from $858.11 million in 2017 to $877.08 million in 2018 and that its Net Income declined from $107.26 million in 2017 to $47.05 million in 2018.

On January 22, 2020, after the market closed, ProAssurance Corporation disclosed a $37 million charge to its loss reserves for fourth quarter 2019 due to "deteriorating loss experience, driven by a large national healthcare account."

Shares of ProAssurance Corporation (NYSE: PRA) declined from $37.61 per share on January 22, 2020 to as low as $29.45 per share on January 30, 2020.

Those who purchased shares of ProAssurance Corporation (NYSE: PRA) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.