ProAssurance Corporation (NYSE:PRA) Q4 2023 Results Conference Call February 28, 2024 10:00 AM ET
Company Participants
Frank O'Neil - Senior Vice President of Corporate Communications, Investor Relations
Ned Rand - President and Chief Executive Officer
Dana Hendricks - Executive Vice President, Chief Financial Officer, and Treasurer
Rob Francis - President, Healthcare Professional Liability
Kevin Shook - President, Workers' Compensation Insurance
Conference Call Participants
Matt Carletti - JMP
Bob Farnam - Janney
Maxwell Fritscher - Truist Securities
Adam Hirsch - Jumana Capital
Operator
Good morning, everyone. Welcome to ProAssurance's Conference Call to discuss the company's fourth quarter 2023 results. I'd like to remind you that the call is being recorded. [Operator Instructions] Now I will turn the call over to Frank O'Neil. Please go ahead.
Frank O'Neil
Good morning, everyone. We reported on fourth quarter results in the news release issued February 27, 2024, and in our report on Form 10-K, which was also filed yesterday on February 27, 2024.
Included in those documents were cautionary statements about significant risks, uncertainties and other factors that are out of the company's control and could affect ProAssurance's business and alter expected results. Please review those statements. This morning, our management team will be discussing selected aspects of the quarterly results on this call and investors should review the filing on Form 10-K and accompanying press releases for full and complete information.
We expect to make statements on this call dealing with projections, estimates and expectations, and we explicitly identify these as forward-looking statements within the meaning of the U.S. Federal Securities Law and subject to applicable safe harbor protections. The content of this call is accurate only on February 28, 2024.
Except as required by law or regulation, ProAssurance will not undertake and expressly disclaims any obligation to update or alter information disclosed as part of these forward-looking statements.
Our management team also expects to reference non-GAAP items during today's call. The company's recent news release provides a reconciliation of these non-GAAP numbers to their GAAP counterparts.
On the call with me today will be Ned Rand, President and CEO; Dana Hendricks, the Chief Financial Officer. Also joining today our executive leadership team members, Rob Francis, Kevin Shook and Karen Murphy. Now I'm going to turn the call over to Ned.
Ned Rand
Thank you, Frank, and good morning, everyone. I want to address the headline number upfront. Our per share operating loss was $0.05 in the quarter, primarily reflecting the continuation of significant increases in losses in our Workers' Compensation book of business.