ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company operates through Specialty Property and Casualty, Workers' Compensation Insurance, Segregated Portfolio Cell Reinsurance, and Lloyd's Syndicate segments. It offers professional liability insurance for healthcare providers and institutions, and attorneys; liability insurance for medical technology and life sciences risks; and workers' compensation insurance, such as guaranteed cost policies, policyholder dividend policies, retrospectively rated policies, and deductible policies, as well as alternative market solutions that include program design, fronting, claims administration, risk management, SPC rental, asset management, and SPC management services for employers, groups, and associations. The company also participates in Lloyd's of London Syndicate 1729, which underwrites property and casualty insurance, and reinsurance; and Syndicate 6131 that underwrites contingency and specialty property insurance. ProAssurance Corporation markets its products through independent agencies and brokers, as well as an internal sales force. The company was founded in 1976 and is headquartered in Birmingham, Alabama.
IPO Year:
Exchange: NYSE
Website: proassurance.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/11/2024 | $18.00 | Overweight → Neutral | Piper Sandler |
| 2/24/2023 | $21.00 | Neutral | Janney |
| 8/10/2021 | $23.00 → $26.00 | Neutral → Overweight | Piper Sandler |
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PICA Group, part of the ProAssurance family of companies, announced today the retirement of Dr. Ross E. Taubman, DPM. effective March 31, 2024, after 12 years of dedicated service. During his tenure, Dr. Taubman has been a valuable leader of the PICA Group team, overseeing PICA and OUM since he joined the company in 2011, as well as assuming responsibility as the head of PICA Group's additional business units, DentistCare and LawyerCare, in 2019. Throughout his time as President, Dr. Taubman demonstrated exceptional strategic vision and a passion for innovation. His commitment has helped PICA Group expand its market presence and deliver exceptional results. Under his guidance, PICA has
BIRMINGHAM, Ala.--(BUSINESS WIRE)--The Board of Directors of ProAssurance Corporation (NYSE:PRA) has declared a cash dividend of $0.05 per common share, payable on January 7, 2021 to shareholders who own our stock as of December 22, 2020. For 2020, our dividend policy anticipates a total annual dividend of $0.72 per share. On an annualized basis going forward, our policy anticipates annual dividends of $0.20 per share to be paid in equal quarterly installments. However, any decision to pay future cash dividends will be subject to the Board’s final determination after a comprehensive review of the company’s financial performance, future expectations, and other factors deemed relev
ProAssurance Corporation (NYSE:PRA), an industry-leading specialty insurer with extensive expertise in medical professional liability and a core small-cap value equity in the financials sector, today reported net income of $16.4 million, or $0.32 per diluted share, and operating income(1) of $17.3 million, or $0.34 per diluted share, for the three months ended September 30, 2024. Third Quarter 2024(2) Specialty P&C segment combined ratio of 99.5% demonstrates progress resulting from management's ongoing actions focused on achieving sustained profitability Net investment income increased 14% as we take advantage of the current interest rate environment as the portfolio matures Earning
Investor call to be held at 10:00 a.m. ET on Friday, November 8 ProAssurance Corporation (NYSE:PRA) will issue its news release and file its Form 10-Q regarding third quarter 2024 results after the market closes on Thursday, November 7, 2024. The release and 10-Q will be available on the Company's website at investor.proassurance.com. ProAssurance will conduct its quarterly conference call with analysts and investors to discuss the results and other information on Friday, November 8, 2024, at 10:00 a.m. ET. Preregistration for the call is available here and the dial-in numbers are (833) 470-1428 (toll free) or (404) 975-4839, access code 070621. Investors are encouraged to listen to the
PHILADELPHIA, PA / ACCESSWIRE / September 10, 2024 / The Board of Trustees of abrdn Income Credit Strategies Fund (the "Fund"), has declared a cash distribution of $0.328125 per share of the Fund's 5.250% Series A Perpetual Preferred Shares (NYSE:ACP) ("Series A Preferred Shares"). The distribution is payable on September 30, 2024, to holders of Series A Preferred Shares of record on September 20, 2024 (ex-dividend date September 20, 2024).The Series A Preferred Shares trade on the NYSE under the symbol "ACP PRA", are rated "A2" by Moody's Investors Service and have an annual dividend rate of $1.3125 per share. The Series A Preferred Shares were issued on May 10, 2021, at $25.00 per share an
ProAssurance Corporation (NYSE:PRA), an industry-leading specialty insurer with extensive expertise in medical professional liability and a core small-cap value equity in the financials sector, today reported net income of $15.5 million, or $0.30 per diluted share, and operating income(1) of $11.5 million, or $0.23 per diluted share, for the three months ended June 30, 2024. Second Quarter 2024(2) Insurance underwriting results, including 9% renewal pricing increases in Medical Professional Liability (MPL) business, illustrate management's ongoing actions to achieve sustained profitability Net investment income increased 16% as we take advantage of the higher interest rate environme
Investor call to be held at 10:30 a.m. ET on Friday, August 9 ProAssurance Corporation (NYSE:PRA) will issue its news release and file its Form 10-Q regarding second quarter 2024 results after the market closes on Thursday, August 8, 2024. The release and 10-Q will be available on the Company's website at investor.proassurance.com. ProAssurance will conduct its quarterly conference call with analysts and investors to discuss the results and other information on Friday, August 9, 2024, at 10:30 a.m. ET. Preregistration for the call is available here and the dial-in numbers are (833) 470-1428 (toll free) or (404) 975-4839, access code 120351. Investors are encouraged to listen to the li
ProAssurance Corporation (NYSE:PRA) reports net income of $4.6 million, or $0.09 per diluted share, and operating income(1) of $4.2 million, or $0.08 per diluted share, for the three months ended March 31, 2024. First Quarter 2024(2) Gross premiums written: $311 million (-1%) New business written: $20 million (+7%) Strong renewal pricing increases in medical professional liability business (+8%) Consolidated current accident year loss ratio of 79.9% (3 point improvement) Consolidated combined ratio of 111.6% (2 point improvement) Net investment income of $34 million (+12%) Consolidated operating ratio of 97.7%, (4 point improvement) Book value per share of $21.82 a
ProAssurance Corporation (NYSE:PRA) will report results for the quarter ended March 31, 2024 after the close of normal New York Stock Exchange trading on Monday, May 6, 2024. ProAssurance will conduct a conference call at 10:00 AM ET on Tuesday, May 7, 2024 to discuss the results and other items of interest to investors participating in the call. We invite US-based investors to participate by dialing either (833) 470-1428 (toll free) or (404) 975-4839. International investors are invited to participate using country-specific dial-in numbers that may be found using this link: https://www.netroadshow.com/events/global-numbers?confId=63389. The access code for all attendees is 923054. Plea
ProAssurance Corporation (NYSE:PRA) reports net income of $6.4 million, or $0.12 per diluted share, and an operating loss(1) of $2.5 million, or $0.05 per diluted share, for the three months ended December 31, 2023. Fourth Quarter 2023(2) Gross premiums written: $209 million (-7%) New business written: $24 million (+103%) Favorable prior accident year reserve development of $3 million driven primarily by our Segregated Portfolio Cell Reinsurance segment Consolidated combined ratio of 112.0% Consolidated operating ratio of 98.4% Net investment income of $34 million (+17%) Book value per share of $21.82 as of December 31, 2023 improved 7%, driven by $88 million of after
ProAssurance Corporation (NYSE:PRA) will report results for the year and quarter ended December 31, 2023 after the close of normal New York Stock Exchange trading on Tuesday, February 27, 2024. ProAssurance will conduct a conference call at 10:00 AM ET on Wednesday, February 28, 2024 to discuss the results and other items of interest to investors participating in the call. US-based investors are invited to participate by phone by dialing either (833) 470-1428 (toll free) or (404) 975-4839 (local). International investors may find a toll-free number here: www.netroadshow.com/events/global-numbers?confId=60355. The access code for all attendees is 688177. Callers may also choose to pre-re
ProAssurance Corporation (NYSE:PRA) reports a net loss of $49.4 million, or $0.95 per diluted share, and an operating loss(1) of $3.7 million, or $0.07 per diluted share, for the three months ended September 30, 2023. Third Quarter 2023(2) Gross premiums written: $320 million (+4%) New business written: $29 million (+82%) Unfavorable prior accident year reserve development of $8 million related to our Workers' Compensation Insurance business. Consolidated combined ratio of 116.7% Consolidated operating ratio of 103.2% Net investment income of $33 million (+32%) Adjusted book value per share(1) of $25.67 as of September 30, 2023 a decrease of $0.32 per share since Dece
Piper Sandler downgraded ProAssurance from Overweight to Neutral and set a new price target of $18.00
Janney initiated coverage of ProAssurance with a rating of Neutral and set a new price target of $21.00
Piper Sandler upgraded ProAssurance from Neutral to Overweight and set a new price target of $26.00 from $23.00 previously
Truist reiterated coverage of ProAssurance with a rating of and set a new price target of $27.00 from $16.00 previously
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JMP Securities analyst Matthew Carletti maintains ProAssurance (NYSE:PRA) with a Market Outperform and lowers the price target from $22 to $20.
In the latest quarter, 5 analysts provided ratings for ProAssurance (NYSE:PRA), showcasing a mix of bullish and bearish perspectives. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 3 2 0 0 Last 30D 0 0 1 0 0 1M Ago 0 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 2 1 0 0 Analysts have recently evaluated ProAssurance and provided 12-month price targets. The average target is $17.8, accompanied by a high estimate of $22.00 and a low estimate of $14.00. Observing a 4.71% increase, the current a
Truist Securities analyst Mark Hughes maintains ProAssurance (NYSE:PRA) with a Hold and raises the price target from $14 to $16.
ProAssurance (NYSE:PRA) reported quarterly earnings of $0.08 per share which beat the analyst consensus estimate of $0.06 by 33.33 percent. This is a 157.14 percent increase over losses of $(0.14) per share from the same period last year. The company reported quarterly sales of $244.150 million which missed the analyst consensus estimate of $318.837 million by 23.42 percent. This is a 1.82 percent increase over sales of $239.787 million the same period last year.
In the last three months, 5 analysts have published ratings on ProAssurance (NYSE:PRA), offering a diverse range of perspectives from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 4 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 2 1 0 0 3M Ago 0 1 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $19.4, a high estimate of $24.00, and a low estimate of $14.00. This current average has decreased b
JMP Securities analyst Matthew Carletti reiterates ProAssurance (NYSE:PRA) with a Market Outperform and maintains $22 price target.
Piper Sandler analyst Paul Newsome maintains ProAssurance (NYSE:PRA) with a Overweight and maintains $15 price target.
According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Huize Holding (NASDAQ:HUIZ) shares rose 15.85% to $0.76 during Tuesday's regular session. Huize Holding's stock is trading at a volume of 86.0K shares as of 13:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $33.2 million. Marpai (NASDAQ:MRAI) stock rose 12.27% to $2.2. As of 13:40 EST, Marpai's stock is trading at a volume of 639.4K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $20.6 million. Universal Insurance Hldgs (NYSE:UVE) stock
Across the recent three months, 4 analysts have shared their insights on ProAssurance (NYSE:PRA), expressing a variety of opinions spanning from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 3 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 1 1 0 0 2M Ago 0 1 0 0 0 3M Ago 0 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $18.75, a high estimate of $24.00, and a low estimate of $14.00. A negative
Piper Sandler analyst Paul Newsome maintains ProAssurance (NYSE:PRA) with a Overweight and lowers the price target from $16 to $15.
ProAssurance Corporation (NYSE:PRA), an industry-leading specialty insurer with extensive expertise in medical professional liability and a core small-cap value equity in the financials sector, today reported net income of $16.4 million, or $0.32 per diluted share, and operating income(1) of $17.3 million, or $0.34 per diluted share, for the three months ended September 30, 2024. Third Quarter 2024(2) Specialty P&C segment combined ratio of 99.5% demonstrates progress resulting from management's ongoing actions focused on achieving sustained profitability Net investment income increased 14% as we take advantage of the current interest rate environment as the portfolio matures Earning
Investor call to be held at 10:00 a.m. ET on Friday, November 8 ProAssurance Corporation (NYSE:PRA) will issue its news release and file its Form 10-Q regarding third quarter 2024 results after the market closes on Thursday, November 7, 2024. The release and 10-Q will be available on the Company's website at investor.proassurance.com. ProAssurance will conduct its quarterly conference call with analysts and investors to discuss the results and other information on Friday, November 8, 2024, at 10:00 a.m. ET. Preregistration for the call is available here and the dial-in numbers are (833) 470-1428 (toll free) or (404) 975-4839, access code 070621. Investors are encouraged to listen to the
PHILADELPHIA, PA / ACCESSWIRE / September 10, 2024 / The Board of Trustees of abrdn Income Credit Strategies Fund (the "Fund"), has declared a cash distribution of $0.328125 per share of the Fund's 5.250% Series A Perpetual Preferred Shares (NYSE:ACP) ("Series A Preferred Shares"). The distribution is payable on September 30, 2024, to holders of Series A Preferred Shares of record on September 20, 2024 (ex-dividend date September 20, 2024).The Series A Preferred Shares trade on the NYSE under the symbol "ACP PRA", are rated "A2" by Moody's Investors Service and have an annual dividend rate of $1.3125 per share. The Series A Preferred Shares were issued on May 10, 2021, at $25.00 per share an
ProAssurance Corporation (NYSE:PRA), an industry-leading specialty insurer with extensive expertise in medical professional liability and a core small-cap value equity in the financials sector, today reported net income of $15.5 million, or $0.30 per diluted share, and operating income(1) of $11.5 million, or $0.23 per diluted share, for the three months ended June 30, 2024. Second Quarter 2024(2) Insurance underwriting results, including 9% renewal pricing increases in Medical Professional Liability (MPL) business, illustrate management's ongoing actions to achieve sustained profitability Net investment income increased 16% as we take advantage of the higher interest rate environme
Investor call to be held at 10:30 a.m. ET on Friday, August 9 ProAssurance Corporation (NYSE:PRA) will issue its news release and file its Form 10-Q regarding second quarter 2024 results after the market closes on Thursday, August 8, 2024. The release and 10-Q will be available on the Company's website at investor.proassurance.com. ProAssurance will conduct its quarterly conference call with analysts and investors to discuss the results and other information on Friday, August 9, 2024, at 10:30 a.m. ET. Preregistration for the call is available here and the dial-in numbers are (833) 470-1428 (toll free) or (404) 975-4839, access code 120351. Investors are encouraged to listen to the li
ProAssurance Corporation (NYSE:PRA) today announced that at its Annual Meeting of Shareholders held on May 22, shareholders elected new directors Richard J. Bielen, C.P.A., and Staci M. Pierce, J.D., and re-elected directors Bruce D. Angiolillo, J.D. (chairman), and Samuel A. Di Piazza, Jr., C.P.A., to serve three year terms expiring at the company's 2027 annual meeting. The company's board of directors now consists of 10 members, down from the previous 12. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240523556135/en/Richard J. Bielen, CPA (Photo: Business Wire) In addition, shareholders approved the ProAssurance Corporation 2
ProAssurance Corporation (NYSE:PRA) reports net income of $4.6 million, or $0.09 per diluted share, and operating income(1) of $4.2 million, or $0.08 per diluted share, for the three months ended March 31, 2024. First Quarter 2024(2) Gross premiums written: $311 million (-1%) New business written: $20 million (+7%) Strong renewal pricing increases in medical professional liability business (+8%) Consolidated current accident year loss ratio of 79.9% (3 point improvement) Consolidated combined ratio of 111.6% (2 point improvement) Net investment income of $34 million (+12%) Consolidated operating ratio of 97.7%, (4 point improvement) Book value per share of $21.82 a
ProAssurance Corporation (NYSE:PRA) will report results for the quarter ended March 31, 2024 after the close of normal New York Stock Exchange trading on Monday, May 6, 2024. ProAssurance will conduct a conference call at 10:00 AM ET on Tuesday, May 7, 2024 to discuss the results and other items of interest to investors participating in the call. We invite US-based investors to participate by dialing either (833) 470-1428 (toll free) or (404) 975-4839. International investors are invited to participate using country-specific dial-in numbers that may be found using this link: https://www.netroadshow.com/events/global-numbers?confId=63389. The access code for all attendees is 923054. Plea
ProAssurance Corporation (NYSE:PRA) reports net income of $6.4 million, or $0.12 per diluted share, and an operating loss(1) of $2.5 million, or $0.05 per diluted share, for the three months ended December 31, 2023. Fourth Quarter 2023(2) Gross premiums written: $209 million (-7%) New business written: $24 million (+103%) Favorable prior accident year reserve development of $3 million driven primarily by our Segregated Portfolio Cell Reinsurance segment Consolidated combined ratio of 112.0% Consolidated operating ratio of 98.4% Net investment income of $34 million (+17%) Book value per share of $21.82 as of December 31, 2023 improved 7%, driven by $88 million of after
ProAssurance Corporation (NYSE:PRA) will report results for the year and quarter ended December 31, 2023 after the close of normal New York Stock Exchange trading on Tuesday, February 27, 2024. ProAssurance will conduct a conference call at 10:00 AM ET on Wednesday, February 28, 2024 to discuss the results and other items of interest to investors participating in the call. US-based investors are invited to participate by phone by dialing either (833) 470-1428 (toll free) or (404) 975-4839 (local). International investors may find a toll-free number here: www.netroadshow.com/events/global-numbers?confId=60355. The access code for all attendees is 688177. Callers may also choose to pre-re