ProAssurance Corporation
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
Recent Analyst Ratings for ProAssurance Corporation
Date | Price Target | Rating | Analyst |
---|---|---|---|
4/3/2025 | Mkt Outperform → Mkt Perform | Citizens JMP | |
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 |
ProAssurance Corporation Press Releases
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AM Best Comments on Credit Ratings of ProAssurance Group Members and ProAssurance Corporation Following Announced Acquisition by The Doctors Company Insurance Group
AM Best has commented that the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of "a+" (Excellent) of the members of ProAssurance Group (ProAssurance) are unchanged following the March 19, 2025, announcement that all outstanding shares of ProAssurance Corporation (PRA) (NYSE:PRA) (Birmingham, AL) will be acquired by The Doctors Company Insurance Group (TDC Group). The outlook of ProAssurance's Credit Ratings (ratings) is stable. The ratings reflect ProAssurance's balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, favorable business profile and appropriate enterprise risk management. ProAssurance is
AM Best Comments on Credit Ratings of The Doctors Company Insurance Group Members Following Announced Acquisition of ProAssurance Corporation
AM Best has commented that the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of "a+" (Excellent) of the members of The Doctors Company Insurance Group (TDC Group) (Napa, CA) are unchanged following the March 19, 2025, announcement that TDC Group will acquire all outstanding shares of ProAssurance Corporation (PRA) (NYSE:PRA) (Birmingham, AL). The outlook of TDC Group's Credit Ratings (ratings) is stable. The ratings reflect TDC Group's balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. TDC Group is the second-la
The Doctors Company to Acquire ProAssurance Corporation for $25.00 per Share in Cash
Addition of ProAssurance Corporation fortifies the promise of The Doctors Company to the medical professional liability market for generations to come The Doctors Company, the nation's largest physician-owned medical malpractice insurer, and ProAssurance Corporation (NYSE:PRA), an industry-leading specialty insurer with extensive expertise in medical liability, products liability for medical technology and life sciences, and workers' compensation insurance, today announced that they have entered into a definitive agreement under which ProAssurance will be acquired by The Doctors Company. Under the terms of the agreement, ProAssurance stockholders will receive $25.00 in cash per share, repr
ProAssurance Reports Results for Fourth Quarter and Full-Year 2024
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 $16.2 million, or $0.31 per diluted share, and operating income(1) of $18.3 million, or $0.36 per diluted share, for the three months ended December 31, 2024. For full-year 2024, ProAssurance reported net income of $52.7 million, or $1.03 per diluted share, and operating income(1) of $48.6 million, or $0.95 per diluted share. Fourth Quarter 2024(2) Highlights Specialty P&C segment combined ratio(1) of 100.9% demonstrates another quarter of progress from management's
ProAssurance to Announce Fourth-Quarter and Full-Year 2024 Results on Monday, February 24, 2025
Investor call to be held at 10:00 a.m. ET on Tuesday, February 25 ProAssurance Corporation (NYSE:PRA) will issue its news release and file its Form 10-K after the market closes on Monday, February 24, 2025. The release and 10-K will be available on the Company's website at investor.proassurance.com. ProAssurance will conduct its Fourth-Quarter and Full-Year 2024 quarterly conference call with analysts and investors to discuss the results and other information on Tuesday, February 25, 2025, 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 927016. Investors are encouraged to listen to t
ProAssurance Reports Results for Third Quarter 2024
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
ProAssurance to Announce Third Quarter 2024 Results on Thursday, November 7, 2024
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
abrdn Income Credit Strategies Fund 5.25% Series A Perpetual Preferred Shares Declare Quarterly Dividend
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 Reports Results for Second Quarter 2024
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
ProAssurance to Announce Second Quarter 2024 Results on Thursday, August 8, 2024
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 Analyst Ratings
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ProAssurance downgraded by Citizens JMP
Citizens JMP downgraded ProAssurance from Mkt Outperform to Mkt Perform
ProAssurance downgraded by Piper Sandler with a new price target
Piper Sandler downgraded ProAssurance from Overweight to Neutral and set a new price target of $18.00
Janney initiated coverage on ProAssurance with a new price target
Janney initiated coverage of ProAssurance with a rating of Neutral and set a new price target of $21.00
ProAssurance upgraded by Piper Sandler with a new price target
Piper Sandler upgraded ProAssurance from Neutral to Overweight and set a new price target of $26.00 from $23.00 previously
Truist reiterated coverage on ProAssurance with a new price target
Truist reiterated coverage of ProAssurance with a rating of and set a new price target of $27.00 from $16.00 previously
ProAssurance Corporation Insider Trading
Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.
Executive VP/Chief HR Officer Dishart Noreen exercised 10,165 shares at a strike of $16.13 and covered exercise/tax liability with 3,888 shares, increasing direct ownership by 62% to 16,479 units (SEC Form 4)
4 - PROASSURANCE CORP (0001127703) (Issuer)
Chief Financial Officer Hendricks Dana S exercised 13,064 shares at a strike of $16.13 and covered exercise/tax liability with 5,781 shares, increasing direct ownership by 30% to 31,239 units (SEC Form 4)
4 - PROASSURANCE CORP (0001127703) (Issuer)
Pres Healthcare Pro. Liability Francis Robert David exercised 10,997 shares at a strike of $16.19 and covered exercise/tax liability with 4,647 shares, increasing direct ownership by 66% to 15,973 units (SEC Form 4)
4 - PROASSURANCE CORP (0001127703) (Issuer)
President & CEO Rand Edward Lewis Jr exercised 58,806 shares at a strike of $16.13 and covered exercise/tax liability with 24,905 shares, increasing direct ownership by 17% to 235,414 units (SEC Form 4)
4 - PROASSURANCE CORP (0001127703) (Issuer)
President of a Subsidiary Shook Kevin Merrick exercised 13,064 shares at a strike of $16.13 and covered exercise/tax liability with 5,769 shares, increasing direct ownership by 23% to 39,027 units (SEC Form 4)
4 - PROASSURANCE CORP (0001127703) (Issuer)
Executive Vice-President Lisenby Jeffrey Patton covered exercise/tax liability with 5,771 shares and exercised 13,064 shares at a strike of $16.13, increasing direct ownership by 10% to 83,914 units (SEC Form 4)
4 - PROASSURANCE CORP (0001127703) (Issuer)
President & CEO Rand Edward Lewis Jr exercised 55,157 shares at a strike of $12.20 and covered exercise/tax liability with 23,066 shares, increasing direct ownership by 19% to 201,513 units (SEC Form 4)
4 - PROASSURANCE CORP (0001127703) (Issuer)
Cobarrubias Fabiloa was granted 13,988 shares, increasing direct ownership by 197% to 21,083 units (SEC Form 4)
4 - PROASSURANCE CORP (0001127703) (Issuer)
Pierce Staci was granted 6,520 shares (SEC Form 4)
4 - PROASSURANCE CORP (0001127703) (Issuer)
Di Piazza Samuel A Jr. was granted 13,988 shares, increasing direct ownership by 52% to 40,880 units (SEC Form 4)
4 - PROASSURANCE CORP (0001127703) (Issuer)
ProAssurance Corporation SEC Filings
ProAssurance Corporation filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits
8-K - PROASSURANCE CORP (0001127703) (Filer)
ProAssurance Corporation filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
8-K - PROASSURANCE CORP (0001127703) (Filer)
SEC Form DEFA14A filed by ProAssurance Corporation
DEFA14A - PROASSURANCE CORP (0001127703) (Filer)
SEC Form 10-K filed by ProAssurance Corporation
10-K - PROASSURANCE CORP (0001127703) (Filer)
ProAssurance Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits
8-K - PROASSURANCE CORP (0001127703) (Filer)
ProAssurance Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits
8-K - PROASSURANCE CORP (0001127703) (Filer)
SEC Form 10-Q filed by ProAssurance Corporation
10-Q - PROASSURANCE CORP (0001127703) (Filer)
ProAssurance Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits
8-K - PROASSURANCE CORP (0001127703) (Filer)
ProAssurance Corporation filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits
8-K - PROASSURANCE CORP (0001127703) (Filer)
SEC Form S-8 filed by ProAssurance Corporation
S-8 - PROASSURANCE CORP (0001127703) (Filer)
ProAssurance Corporation Leadership Updates
Live Leadership Updates
ProAssurance Announces Retirement of PICA Group President, Dr. Ross E. Taubman
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
ProAssurance Declares Quarterly Dividend
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 Financials
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ProAssurance Reports Results for Fourth Quarter and Full-Year 2024
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 $16.2 million, or $0.31 per diluted share, and operating income(1) of $18.3 million, or $0.36 per diluted share, for the three months ended December 31, 2024. For full-year 2024, ProAssurance reported net income of $52.7 million, or $1.03 per diluted share, and operating income(1) of $48.6 million, or $0.95 per diluted share. Fourth Quarter 2024(2) Highlights Specialty P&C segment combined ratio(1) of 100.9% demonstrates another quarter of progress from management's
ProAssurance to Announce Fourth-Quarter and Full-Year 2024 Results on Monday, February 24, 2025
Investor call to be held at 10:00 a.m. ET on Tuesday, February 25 ProAssurance Corporation (NYSE:PRA) will issue its news release and file its Form 10-K after the market closes on Monday, February 24, 2025. The release and 10-K will be available on the Company's website at investor.proassurance.com. ProAssurance will conduct its Fourth-Quarter and Full-Year 2024 quarterly conference call with analysts and investors to discuss the results and other information on Tuesday, February 25, 2025, 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 927016. Investors are encouraged to listen to t
ProAssurance Reports Results for Third Quarter 2024
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
ProAssurance to Announce Third Quarter 2024 Results on Thursday, November 7, 2024
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
abrdn Income Credit Strategies Fund 5.25% Series A Perpetual Preferred Shares Declare Quarterly Dividend
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 Reports Results for Second Quarter 2024
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
ProAssurance to Announce Second Quarter 2024 Results on Thursday, August 8, 2024
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 Reports Results for First Quarter 2024
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 Announces Dates for Release of First Quarter 2024 Results Release and Investor Teleconference
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 Reports Results for Fourth Quarter 2023
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 Large Ownership Changes
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Amendment: SEC Form SC 13G/A filed by ProAssurance Corporation
SC 13G/A - PROASSURANCE CORP (0001127703) (Subject)
SEC Form SC 13G filed by ProAssurance Corporation
SC 13G - PROASSURANCE CORP (0001127703) (Subject)
SEC Form SC 13G filed by ProAssurance Corporation
SC 13G - PROASSURANCE CORP (0001127703) (Subject)
SEC Form SC 13G/A filed by ProAssurance Corporation (Amendment)
SC 13G/A - PROASSURANCE CORP (0001127703) (Subject)
SEC Form SC 13G/A filed by ProAssurance Corporation (Amendment)
SC 13G/A - PROASSURANCE CORP (0001127703) (Subject)
SEC Form SC 13G/A filed by ProAssurance Corporation (Amendment)
SC 13G/A - PROASSURANCE CORP (0001127703) (Subject)
SEC Form SC 13G filed by ProAssurance Corporation
SC 13G - PROASSURANCE CORP (0001127703) (Subject)
SEC Form SC 13G filed by ProAssurance Corporation
SC 13G - PROASSURANCE CORP (0001127703) (Subject)
SEC Form SC 13G/A filed
SC 13G/A - PROASSURANCE CORP (0001127703) (Subject)
SEC Form SC 13G/A filed
SC 13G/A - PROASSURANCE CORP (0001127703) (Subject)