MORRISTOWN, N.J., Oct. 25, 2017 /PRNewswire/ — ProSight Specialty® Insurance, a leading differentiated specialty insurer, today reported financial results for the third quarter ended September 30, 2017.
GAAP Year-to-Date Highlights
- Pre-tax profit for the US-Produced business improved by $30.1 million to $24.0 million versus a pre-tax loss of $6.1 million in 2016.
- Gross premium of $642.9 million represents growth of 4.6 percent versus 2016.
- Excluding a planned reduction in commercial auto premium of 21.3 percent from 2016, premium growth was 8.6 percent.