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ProAssurance Corp Stock Research

PRA

12.15USD-0.15(-1.22%)Market Closed

Market Summary

USD12.15-0.15
Market Closed
-1.22%

PRA Alerts

PRA Stock Price

PRA RSI Chart

PRA Valuation

Market Cap

990.7M

Price/Earnings (Trailing)

-2.5K

Price/Sales (Trailing)

0.9

EV/EBITDA

26.58

Price/Free Cashflow

-33.2

PRA Price/Sales (Trailing)

PRA Profitability

EBT Margin

-0.56%

Return on Equity

-0.04%

Return on Assets

-0.01%

Free Cashflow Yield

-3.01%

PRA Fundamentals

PRA Revenue

Revenue (TTM)

1.1B

Revenue Y/Y

-3.67%

Revenue Q/Q

-7.48%

PRA Earnings

Earnings (TTM)

-3.0M

Earnings Y/Y

-73.43%

Earnings Q/Q

-144.28%

Price Action

52 Week Range

11.8724.50
(Low)(High)

Last 7 days

-4.5%

Last 30 days

-33.3%

Last 90 days

-38.4%

Trailing 12 Months

-45.3%

PRA Financial Health

Debt/Equity

0.39

Debt/Cashflow

-0.07

PRA Investor Care

Dividend Yield

1.65%

Dividend/Share (TTM)

0.2

Shares Dilution (1Y)

0.01%

Diluted EPS (TTM)

-0.05

Peers (Alternatives to ProAssurance)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
80.9B
52.1B
-5.87% 7.15%
112.13
1.63
6.08% -60.84%
39.6B
51.6B
-0.49% -7.80%
3.86
0.7
-3.37% -38.13%
39.1B
37.8B
-6.89% -3.45%
13.97
1.03
6.99% -29.09%
28.5B
52.9B
-6.40% -18.54%
-11.92
0.54
4.73% -167.90%
23.8B
12.4B
-10.60% 21.71%
39.87
1.91
3.58% -56.71%
23.3B
22.9B
-3.87% -5.50%
11.93
1.05
1.76% -25.56%
11.4B
-
0.57% 29.95%
32.11
0.97
- -
9.6B
7.2B
-8.79% -15.88%
11.66
1.33
8.46% -56.06%
MID-CAP
8.3B
6.5B
-12.57% 22.70%
-80.56
1.27
18.12% 27.70%
3.8B
1.6B
-2.33% 1.49%
-21.05
2.31
- -308.14%
SMALL-CAP
1.4B
1.4B
-4.87% -25.06%
-529.92
1
2.59% -108.90%
1.4B
338.2M
8.15% -12.05%
24.81
4.03
22.24% 25.58%
990.7M
1.1B
-33.28% -45.29%
-2.5K
0.9
-7.68% -102.27%
720.0M
847.3M
-1.59% -25.09%
23.7
0.85
7.01% 151.37%

Financials for ProAssurance

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue-0.9%1,0961,1071,1251,1621,187
EBITDA-33.0%52.0078.00103194-
EBITDA Margin-31.9%0.05*0.07*0.09*0.16*-
Earnings Before Taxes-44.5%-8.98-6.2217.0041.00133
EBT Margin-137.6%-0.01*0.01*0.03*0.11*-
Interest Expenses5.0%21.0020.0020.0021.0021.00
Net Income-650.2%-3.02-0.4018.0039.00133
Net Income Margin-102.3%0.00*0.02*0.03*0.11*-
Free Cahsflow-364.5%-29.8411.0039.0060.00-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets0.8%5,7485,7005,7835,8916,059
    Cash Equivalents88.4%56.0030.0041.0035.0072.00
  Net PPE1.6%30.0030.0030.0030.0030.00
  Goodwill0%50.0050.0050.0050.0050.00
Liabilities0.3%4,6104,5964,7174,7214,777
  Long Term Debt0.1%428427426426426
Shareholder's Equity3.1%1,1381,1041,0661,1701,282
  Retained Earnings-0.6%1,4141,4231,4121,4241,428
  Additional Paid-In Capital0.1%398398397396393
Shares Outstanding-0.1%54.0054.0054.00--
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations-147.8%-73.95-29.8411.0039.0060.00
  Share Based Compensation-4.1%5.005.005.005.005.00
Cashflow From Investing220.7%75.00-62.00-151-105-136
Cashflow From Financing24.2%-16.52-21.80-21.12-59.54-65.87
  Dividend Payments0.0%11.0011.0011.0013.0011.00
  Buy BacksInfinity%3.000.00---

Risks for PRA

What is the probability of a big loss on PRA?

96.5%


Probability that ProAssurance stock will be more than 20% underwater in next one year

45.4%


Probability that ProAssurance stock will be more than 30% underwater in next one year.

22.7%


Probability that ProAssurance stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does PRA drawdown profile look like?

Y-axis is the maximum loss one would have experienced if ProAssurance was unfortunately bought at previous high price.

Drawdowns

Returns for PRA

Cumulative Returns on PRA

-9.2%


10-Year Cumulative Returns

-15.3%


7-Year Cumulative Returns

-18.9%


5-Year Cumulative Returns

-3.6%


3-Year Cumulative Returns

What are the long-term rolling returns for PRA?

FIve years rolling returns for ProAssurance.

Annualized Returns

Which funds bought or sold PRA recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-05-25
Brandywine Global Investment Management, LLC
added
99.78
2,321,320
4,406,480
0.02%
2023-05-23
Brookfield Corp /ON/
added
89.29
2,283,880
4,562,470
0.02%
2023-05-23
ROYCE & ASSOCIATES LP
reduced
-30.69
-5,429,520
14,920,500
0.15%
2023-05-22
AMERIPRISE FINANCIAL INC
added
12.44
3,142,060
19,727,100
0.01%
2023-05-22
PUTNAM INVESTMENTS LLC
reduced
-4.01
5,824
384,993
-%
2023-05-18
NEW YORK STATE COMMON RETIREMENT FUND
reduced
-27.09
-155,000
522,000
-%
2023-05-18
JPMORGAN CHASE & CO
added
22.27
292,000
1,287,000
-%
2023-05-17
Thrivent Financial for Lutherans
reduced
-3.39
21,000
988,000
-%
2023-05-16
THIRD AVENUE MANAGEMENT LLC
added
17.16
1,584,810
8,206,690
1.40%
2023-05-16
Rockefeller Capital Management L.P.
sold off
-100
-12,000
-
-%

1–10 of 49

Latest Funds Activity

Are funds buying PRA calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own PRA
No. of Funds

ProAssurance News

MarketBeat
Dimensional Fund Advisors LP Acquires 150158 Shares of ....
MarketBeat,
53 minutes ago
Defense World

Schedule 13G FIlings of ProAssurance

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
price t rowe associates inc /md/
0.1%
35,845
SC 13G/A
Feb 09, 2023
vanguard group inc
11.56%
6,237,886
SC 13G/A
Feb 06, 2023
wellington management group llp
6.37%
3,438,325
SC 13G
Jan 23, 2023
blackrock inc.
14.6%
7,851,712
SC 13G/A
Feb 14, 2022
price t rowe associates inc /md/
5.5%
2,976,937
SC 13G
Jan 28, 2022
blackrock inc.
14.7%
7,915,918
SC 13G/A
Feb 11, 2021
american century investment management inc
0.65%
350,000
SC 13G/A
Feb 10, 2021
vanguard group inc
10.28%
5,540,380
SC 13G/A
Jan 26, 2021
blackrock inc.
14.6%
7,878,187
SC 13G/A
Aug 10, 2020
american century investment management inc
2.80%
1,505,000
SC 13G/A

PRA Fair Value

Show Fair-Value

Recent SEC filings of ProAssurance

View All Filings
Date Filed Form Type Document
May 30, 2023
8-K
Current Report
May 26, 2023
8-K
Current Report
May 24, 2023
4
Insider Trading
May 24, 2023
4
Insider Trading
May 24, 2023
4
Insider Trading
May 24, 2023
4
Insider Trading
May 24, 2023
4
Insider Trading
May 24, 2023
4
Insider Trading
May 24, 2023
4
Insider Trading
May 24, 2023
4
Insider Trading

Latest Insider Trading transactions for PRA

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-05-24
COBARRUBIAS FABILOA
acquired
94,993
12.72
7,468
-
2023-05-24
SYPHAX SCOTT C
acquired
94,993
12.72
7,468
-
2023-05-24
VANCE KATISHA TERRELL
acquired
94,993
12.72
7,468
-
2023-05-24
Spinosa Frank Anthony
acquired
94,993
12.72
7,468
-
2023-05-24
FREI MAYE HEAD
acquired
94,993
12.72
7,468
-
2023-05-24
Angiolillo Bruce D
acquired
94,993
12.72
7,468
-
2023-05-24
ADKINS KEDRICK D JR
acquired
94,993
12.72
7,468
-
2023-05-24
Di Piazza Samuel A Jr.
acquired
94,993
12.72
7,468
-
2023-05-24
Wilson Thomas A.S. Jr
acquired
94,993
12.72
7,468
-
2023-05-24
HAYDAR ZIAD
acquired
94,993
12.72
7,468
-

1–10 of 50

Edward L. Rand
1020
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 individual companies, agencies, groups, and associations. The company also participates in Lloyd's of London Syndicate 1729, which underwrites property and casualty insurance, and reinsurance. It 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.

PRA Income Statement

2023-03-31
Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues  
Net premiums earned$ 239,787$ 265,711
Net investment income30,31020,443
Equity in earnings (loss) of unconsolidated subsidiaries(1,121)7,620
Net investment gains (losses):  
Impairment losses2,9330
Portion of impairment losses recognized in other comprehensive income (loss) before taxes00
Net impairment losses recognized in earnings2,9330
Other net investment gains (losses)5,845(13,506)
Total net investment gains (losses)2,912(13,506)
Other income7872,804
Total revenues272,675283,072
Expenses  
Net losses and loss adjustment expenses205,296209,423
Underwriting, policy acquisition and operating expenses:  
Operating expense35,08438,810
DPAC amortization32,70432,966
SPC U.S. federal income tax expense532642
SPC dividend expense (income)1,9422,367
Interest expense5,4634,441
Total expenses281,021288,649
Income (loss) before income taxes(8,346)(5,577)
Provision for income taxes:  
Current expense (benefit)458(607)
Deferred expense (benefit)(2,630)(1,410)
Total income tax expense (benefit)(2,172)(2,017)
Net income (loss)(6,174)(3,560)
Other comprehensive income (loss), after tax, net of reclassification adjustments42,629(140,850)
Comprehensive income (loss)$ 36,455$ (144,410)
Earnings (loss) per share:  
Basic (in usd per share)$ (0.11)$ (0.07)
Diluted (in usd per share)$ (0.11)$ (0.07)
Weighted average number of common shares outstanding:  
Basic (in shares)53,98754,012
Diluted (in shares)54,11754,143
Cash dividends declared per common share (in usd per share)$ 0.05$ 0.05

PRA Balance Sheet

2023-03-31
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Investments  
Fixed maturities, available-for-sale, at fair value (amortized cost, $3,796,870 and $3,852,411, respectively; allowance for expected credit losses, $424 as of March 31, 2023 and $427 as of December 31, 2022)$ 3,470,027$ 3,472,472
Fixed maturities, trading, at fair value (cost, $45,869 and $45,048, respectively)44,81843,434
Equity investments, at fair value (cost, $161,814 and $162,429, respectively)146,868143,738
Short-term investments251,027245,313
Business owned life insurance82,40281,746
Investment in unconsolidated subsidiaries297,537305,210
Other investments (at fair value, $85,938 and $92,447, respectively, otherwise at cost or amortized cost)88,96995,770
Total Investments4,381,6484,387,683
Cash and cash equivalents56,43429,959
Premiums receivable (allowance for expected credit losses, $7,897 as of March 31, 2023 and $7,658 as of December 31, 2022)266,631246,094
Receivable from reinsurers on paid losses and loss adjustment expenses14,37015,313
Receivable from reinsurers on unpaid losses and loss adjustment expenses447,693431,889
Prepaid reinsurance premiums34,66229,120
Deferred policy acquisition costs63,97858,148
Deferred tax asset, net202,056209,535
Real estate, net30,43529,968
Operating lease ROU assets17,99218,987
Intangible assets, net65,20366,835
Goodwill49,61049,610
Other assets117,151126,858
Total Assets5,747,8635,699,999
Policy liabilities and accruals  
Reserve for losses and loss adjustment expenses3,469,2793,471,147
Unearned premiums473,696422,950
Reinsurance premiums payable26,37028,514
Total Policy Liabilities and Accruals3,969,3453,922,611
Operating lease liabilities18,96920,008
Other liabilities193,733226,379
Debt less unamortized debt issuance costs427,526426,983
Total Liabilities4,609,5734,595,981
Shareholders' Equity  
Common shares (par value $0.01 per share, 100,000,000 shares authorized, 63,491,323 and 63,427,796 shares issued, respectively)635634
Additional paid-in capital398,436397,919
Accumulated other comprehensive income (loss) (net of deferred tax expense (benefit) of ($70,025) and ($80,810), respectively)(255,978)(298,607)
Retained earnings1,414,4111,423,286
Treasury shares, at cost (9,464,160 shares as of each respective period end)(419,214)(419,214)
Total Shareholders' Equity1,138,2901,104,018
Total Liabilities and Shareholders' Equity$ 5,747,863$ 5,699,999