Market Summary
USD12.15-0.15
Market Closed-1.22%
PRA Stock Price
PRA RSI Chart
PRA Valuation
PRA Price/Sales (Trailing)
PRA Profitability
PRA Fundamentals
PRA Revenue
PRA Earnings
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
PRA Investor Care
Peers (Alternatives to ProAssurance)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
PGR | 80.9B | 52.1B | -5.87% | 7.15% | 112.13 | 1.63 | 6.08% | -60.84% |
AIG | 39.6B | 51.6B | -0.49% | -7.80% | 3.86 | 0.7 | -3.37% | -38.13% |
TRV | 39.1B | 37.8B | -6.89% | -3.45% | 13.97 | 1.03 | 6.99% | -29.09% |
ALL | 28.5B | 52.9B | -6.40% | -18.54% | -11.92 | 0.54 | 4.73% | -167.90% |
RE | 23.8B | 12.4B | -10.60% | 21.71% | 39.87 | 1.91 | 3.58% | -56.71% |
HIG | 23.3B | 22.9B | -3.87% | -5.50% | 11.93 | 1.05 | 1.76% | -25.56% |
Y | 11.4B | - | 0.57% | 29.95% | 32.11 | 0.97 | - | - |
AFG | 9.6B | 7.2B | -8.79% | -15.88% | 11.66 | 1.33 | 8.46% | -56.06% |
| MID-CAP | ||||||||
RNR | 8.3B | 6.5B | -12.57% | 22.70% | -80.56 | 1.27 | 18.12% | 27.70% |
ESGR | 3.8B | 1.6B | -2.33% | 1.49% | -21.05 | 2.31 | - | -308.14% |
| SMALL-CAP | ||||||||
HMN | 1.4B | 1.4B | -4.87% | -25.06% | -529.92 | 1 | 2.59% | -108.90% |
PLMR | 1.4B | 338.2M | 8.15% | -12.05% | 24.81 | 4.03 | 22.24% | 25.58% |
PRA | 990.7M | 1.1B | -33.28% | -45.29% | -2.5K | 0.9 | -7.68% | -102.27% |
JRVR | 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) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Revenue | -0.9% | 1,096 | 1,107 | 1,125 | 1,162 | 1,187 |
| EBITDA | -33.0% | 52.00 | 78.00 | 103 | 194 | - |
| EBITDA Margin | -31.9% | 0.05* | 0.07* | 0.09* | 0.16* | - |
| Earnings Before Taxes | -44.5% | -8.98 | -6.22 | 17.00 | 41.00 | 133 |
| EBT Margin | -137.6% | -0.01* | 0.01* | 0.03* | 0.11* | - |
| Interest Expenses | 5.0% | 21.00 | 20.00 | 20.00 | 21.00 | 21.00 |
| Net Income | -650.2% | -3.02 | -0.40 | 18.00 | 39.00 | 133 |
| Net Income Margin | -102.3% | 0.00* | 0.02* | 0.03* | 0.11* | - |
| Free Cahsflow | -364.5% | -29.84 | 11.00 | 39.00 | 60.00 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Assets | 0.8% | 5,748 | 5,700 | 5,783 | 5,891 | 6,059 |
| Cash Equivalents | 88.4% | 56.00 | 30.00 | 41.00 | 35.00 | 72.00 |
| Net PPE | 1.6% | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 |
| Goodwill | 0% | 50.00 | 50.00 | 50.00 | 50.00 | 50.00 |
| Liabilities | 0.3% | 4,610 | 4,596 | 4,717 | 4,721 | 4,777 |
| Long Term Debt | 0.1% | 428 | 427 | 426 | 426 | 426 |
| Shareholder's Equity | 3.1% | 1,138 | 1,104 | 1,066 | 1,170 | 1,282 |
| Retained Earnings | -0.6% | 1,414 | 1,423 | 1,412 | 1,424 | 1,428 |
| Additional Paid-In Capital | 0.1% | 398 | 398 | 397 | 396 | 393 |
| Shares Outstanding | -0.1% | 54.00 | 54.00 | 54.00 | - | - |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Cashflow From Operations | -147.8% | -73.95 | -29.84 | 11.00 | 39.00 | 60.00 |
| Share Based Compensation | -4.1% | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| Cashflow From Investing | 220.7% | 75.00 | -62.00 | -151 | -105 | -136 |
| Cashflow From Financing | 24.2% | -16.52 | -21.80 | -21.12 | -59.54 | -65.87 |
| Dividend Payments | 0.0% | 11.00 | 11.00 | 11.00 | 13.00 | 11.00 |
| Buy Backs | Infinity% | 3.00 | 0.00 | - | - | - |
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 ascending | Fund Name | Type | % 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 | - | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
ProAssurance News
Schedule 13G FIlings of ProAssurance
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form 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
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 ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
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 | - |
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
2023-03-31Condensed 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 income | 30,310 | 20,443 |
| Equity in earnings (loss) of unconsolidated subsidiaries | (1,121) | 7,620 |
| Net investment gains (losses): | ||
| Impairment losses | 2,933 | 0 |
| Portion of impairment losses recognized in other comprehensive income (loss) before taxes | 0 | 0 |
| Net impairment losses recognized in earnings | 2,933 | 0 |
| Other net investment gains (losses) | 5,845 | (13,506) |
| Total net investment gains (losses) | 2,912 | (13,506) |
| Other income | 787 | 2,804 |
| Total revenues | 272,675 | 283,072 |
| Expenses | ||
| Net losses and loss adjustment expenses | 205,296 | 209,423 |
| Underwriting, policy acquisition and operating expenses: | ||
| Operating expense | 35,084 | 38,810 |
| DPAC amortization | 32,704 | 32,966 |
| SPC U.S. federal income tax expense | 532 | 642 |
| SPC dividend expense (income) | 1,942 | 2,367 |
| Interest expense | 5,463 | 4,441 |
| Total expenses | 281,021 | 288,649 |
| 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 adjustments | 42,629 | (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) | 53,987 | 54,012 |
| Diluted (in shares) | 54,117 | 54,143 |
| Cash dividends declared per common share (in usd per share) | $ 0.05 | $ 0.05 |
PRA Balance Sheet
2023-03-31Condensed 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) | 44,818 | 43,434 |
| Equity investments, at fair value (cost, $161,814 and $162,429, respectively) | 146,868 | 143,738 |
| Short-term investments | 251,027 | 245,313 |
| Business owned life insurance | 82,402 | 81,746 |
| Investment in unconsolidated subsidiaries | 297,537 | 305,210 |
| Other investments (at fair value, $85,938 and $92,447, respectively, otherwise at cost or amortized cost) | 88,969 | 95,770 |
| Total Investments | 4,381,648 | 4,387,683 |
| Cash and cash equivalents | 56,434 | 29,959 |
| Premiums receivable (allowance for expected credit losses, $7,897 as of March 31, 2023 and $7,658 as of December 31, 2022) | 266,631 | 246,094 |
| Receivable from reinsurers on paid losses and loss adjustment expenses | 14,370 | 15,313 |
| Receivable from reinsurers on unpaid losses and loss adjustment expenses | 447,693 | 431,889 |
| Prepaid reinsurance premiums | 34,662 | 29,120 |
| Deferred policy acquisition costs | 63,978 | 58,148 |
| Deferred tax asset, net | 202,056 | 209,535 |
| Real estate, net | 30,435 | 29,968 |
| Operating lease ROU assets | 17,992 | 18,987 |
| Intangible assets, net | 65,203 | 66,835 |
| Goodwill | 49,610 | 49,610 |
| Other assets | 117,151 | 126,858 |
| Total Assets | 5,747,863 | 5,699,999 |
| Policy liabilities and accruals | ||
| Reserve for losses and loss adjustment expenses | 3,469,279 | 3,471,147 |
| Unearned premiums | 473,696 | 422,950 |
| Reinsurance premiums payable | 26,370 | 28,514 |
| Total Policy Liabilities and Accruals | 3,969,345 | 3,922,611 |
| Operating lease liabilities | 18,969 | 20,008 |
| Other liabilities | 193,733 | 226,379 |
| Debt less unamortized debt issuance costs | 427,526 | 426,983 |
| Total Liabilities | 4,609,573 | 4,595,981 |
| 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) | 635 | 634 |
| Additional paid-in capital | 398,436 | 397,919 |
| Accumulated other comprehensive income (loss) (net of deferred tax expense (benefit) of ($70,025) and ($80,810), respectively) | (255,978) | (298,607) |
| Retained earnings | 1,414,411 | 1,423,286 |
| Treasury shares, at cost (9,464,160 shares as of each respective period end) | (419,214) | (419,214) |
| Total Shareholders' Equity | 1,138,290 | 1,104,018 |
| Total Liabilities and Shareholders' Equity | $ 5,747,863 | $ 5,699,999 |