Overview
ProAssurance
ProAssurance Corporation is an industry-leading specialty insurer with extensive expertise in in medical professional liability, products liability for medical technology and life sciences, and workers' compensation insurance. The company writes medical professional liability principally through five subsidiaries, ProAssurance Indemnity Company, Inc., ProAssurance Casualty Company, Norcal Insurance Company, ProAssurance Insurance Corporation of America
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Read More (PICA), and its Excess & Surplus Lines carrier, ProAssurance Specialty Insurance Company, Inc. Its products liability for medical technology and life sciences is written through Medmarc Casualty Insurance Company. In addition, its workers' Compensation coverage is written through Eastern Alliance Insurance Group. In early 2025, ProAssurance agreed to be acquired by The Doctors Company, the nation's largest physician-owned medical malpractice insurer, for approximately $1.3 billion.
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Read More (PICA), and its Excess & Surplus Lines carrier, ProAssurance Specialty Insurance Company, Inc. Its products liability for medical technology and life sciences is written through Medmarc Casualty Insurance Company. In addition, its workers' Compensation coverage is written through Eastern Alliance Insurance Group. In early 2025, ProAssurance agreed to be acquired by The Doctors Company, the nation's largest physician-owned medical malpractice insurer, for approximately $1.3 billion.
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EDWARD L RAND Junior
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Insurance Carriers
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Insurance Carriers and Related Activities
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Finance and Insurance
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Liability insurance
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Indemnity plans health insurance, except medical service
Activities Related to Credit Intermediation
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Agencies, Brokerages, and Other Insurance Related Activities
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Depository Credit Intermediation
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Insurance and Employee Benefit Funds
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Monetary Authorities-Central Bank
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Nondepository Credit Intermediation
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Other Financial Investment Activities
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Other Investment Pools and Funds
View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
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View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
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Modelled
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Actual
$1.15 billion
Actual
-0.2%
$5,574
DEC
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NYSE:PRA
Contacts
Get in Touch with 5 Principals* and 405 Contacts
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EDWARD L RAND JuniorPresident and Chief Executive Officer
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Contact 2?
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Contact 3?
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$1.15 billion
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | -$11 | -$50 | -$30 |
| Net Investing Cash | $11 | $141 | -$62 |
| Net Financing Cash | -$11 | -$55 | -$22 |
| Net Change in Cash | -$11 | $36 | -$114 |
| Cash at Beginning of Period | $66 | $30 | $144 |
| Cash at End of Period | $55 | $66 | $30 |
| Capital Expenditure | -$9 | -$5 | -$4 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $55 | $66 | $30 |
| Accounts Receivable | $656 | $702 | $693 |
| Inventories | $ | $ | $ |
| Other Current Assets | $ | $ | $ |
| Asset Summary | |||
| Total Current Assets | $ | $ | $ |
| Tangible Fixed Assets | $17 | $16 | $19 |
| Intangible Assets | $54 | $60 | $67 |
| Total Assets | $5,574 | $5,632 | $5,700 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $27 | $24 | $29 |
| Short-Term Debt | $125 | $125 | $ |
| Other Current Liabilities | $ | $ | $ |
| Liability Summary | |||
| Total Current Liabilities | $ | $ | $ |
| Long-Term Debt | $300 | $302 | $427 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $4,373 | $4,520 | $4,596 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $1 | $1 | $1 |
| Retained Earnings | $1,435 | $1,382 | $1,423 |
| Equity Summary | |||
| Total Equity | $1,202 | $1,112 | $1,104 |
| Shares Outstanding | 51,156,821 | 50,969,964 | 53,963,636 |