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For the quarter ended March 2023, ProAssurance (PRA) reported revenue of $270.88 million, down 6.3% over the same period last year. EPS came in at -$0.15, compared to $0.14 in the year-ago quarter.

The reported revenue represents a surprise of -1.11% over the Zacks Consensus Estimate of $273.93 million. With the consensus EPS estimate being $0.15, the EPS surprise was -200.00%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how ProAssurance performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Underwriting Expense Ratio: 28.3% versus 29.96% estimated by five analysts on average.

• Net Loss Ratio: 85.6% versus 76.82% estimated by five analysts on average.

• Combined Ratio: 113.9% compared to the 106.78% average estimate based on five analysts.

• Net premiums earned: $239.79 million versus the five-analyst average estimate of $243.58 million. The reported number represents a year-over-year change of -9.8%.

• Other income(loss): $0.79 million versus the five-analyst average estimate of $3.17 million. The reported number represents a year-over-year change of -71.9%.

• Net investment income: $30.31 million compared to the $27.18 million average estimate based on five analysts. The reported number represents a change of +48.3% year over year.

• Equity in earnings (loss) of unconsolidated subsidiaries: -$1.12 million versus $4.29 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -114.7% change.

• Net Premiums Earned- Segregated Portfolio Cell Reinsurance: $15.30 million versus the three-analyst average estimate of $18 million. The reported number represents a year-over-year change of -20.8%.

• Net Premiums Earned- Workers Compensation: $40.80 million versus the three-analyst average estimate of $40.64 million. The reported number represents a year-over-year change of +0.3%.

• Net Premiums Earned- Specialty Property & Casualty: $179.34 million versus the three-analyst average estimate of $183.77 million. The reported number represents a year-over-year change of -9.4%.

• Net Premiums Earned- Lloyd's Syndicate: $4.34 million versus $4.29 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -44% change.