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ProAssurance Corporation

NYSE•PRA
CEO: Mr. Edward Lewis Rand Jr., CPA
Sector: Financial Services
Industry: Insurance - Property & Casualty
Listing Date: 1991-09-04
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, and Segregated Portfolio Cell Reinsurance segments. It offers professional liability insurance to healthcare providers and institutions, and attorneys and their firms; medical technology liability insurance to medical technology and life sciences companies; and custom alternative risk solutions, including assumed reinsurance, loss portfolio transfers, and captive cell programs for healthcare professional liability insureds. The company also provides workers' compensation insurance products, 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 individual companies, agencies, groups, and associations. The company also participates in Syndicate 1729 at Lloyd's of London for underwriting. It markets its products through independent agencies and brokers, as well as an internal business development team. The company was founded in 1976 and is headquartered in Birmingham, Alabama.
Contact Information
100 Brookwood Place, Birmingham, AL, 35209, United States
205-877-4400
www.proassurance.com
Market Cap
$1.26B
P/E (TTM)
24.8
11
Dividend Yield
--
52W High
$24.77
52W Low
$22.72
52W Range
91%
Rank49Top 66.7%
3.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$269.64M+0.00%
4-Quarter Trend

EPS

$0.65+0.00%
4-Quarter Trend

FCF

-$13.21M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Combined Ratio Improves Consolidated combined ratio improved 2.8 points to 106.6% due to better underwriting results and reserve development.
Investment Result Rises Net investment result increased $6.033 M to $172.774 M, driven by higher average book yields in fixed maturities.
Strong Prior Year Reserves Recognized $90.3 M net favorable prior accident year reserve development, primarily from MPL and MedTech lines.
Non-GAAP Income Jumps Non-GAAP operating income rose $33.692 M to $83.863 M, showing core operational strength improvement.

Risk Factors

Insurance Market Competition Highly competitive P&C market pressures pricing and retention, potentially reducing profits across core insurance lines.
Merger Closing Uncertainty Finalizing Doctors Company merger is subject to regulatory approvals, with uncertain timing extending past June 30, 2026.
Investment Value Volatility Fixed maturity portfolio value sensitive to interest rate shifts; current unrealized losses total $133.744 M as of 2025.
Catastrophe Loss Exposure Unpredictable natural or man-made catastrophes could exceed reinsurance protection, materially impacting financial condition.

Outlook

Target Merger Completion Continues anticipating closing the Doctors Company transaction by June 30, 2026, pending final regulatory reviews.
Underwriting Profit Focus Emphasizes disciplined underwriting and rate adequacy over market share to achieve long-term ROE target.
Leverage AI for Excellence Committed to continuous improvement using AI and data science to enhance risk selection and claims workflows.
Manage Investment Portfolio Investment strategy focuses on maximizing current income while maintaining appropriate credit risk and short-to-medium duration.

Peer Comparison

Revenue (TTM)

SIGI stock ticker logoSIGI
$5.34B
+9.8%
NAVI stock ticker logoNAVI
$3.20B
-24.5%
ROOT stock ticker logoROOT
$1.52B
+28.9%

Gross Margin (Latest Quarter)

SIGI stock ticker logoSIGI
100.0%
+0.0pp
NAVI stock ticker logoNAVI
88.4%
+316.6pp
OCSL stock ticker logoOCSL
87.8%
+31.2pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
SIGI$4.47B9.613.6%6.0%
BFC$1.46B17.911.3%2.7%
DCOM$1.41B12.57.7%2.4%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.2%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
25%
Cash Flow Needs Attention

Deep Research

Next earnings:May 4, 2026
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EPS:-
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Ratios
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LTM
No Data