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PRA

ProAssurance Corp

PRA

12.74USD-0.06 (-0.47%)Delayed as of 28 Nov 2023, 11:49 am
Watchlist

Market Summary

USD12.74-0.06
Delayedas of 28 Nov 2023, 11:49 am
-0.47%

PRA Alerts

  • Big fall in earnings (Y/Y)
  • Losses in recent quarter

PRA Stock Price

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PRA RSI Chart

PRA Valuation

Market Cap

688.8M

Price/Earnings (Trailing)

-22.19

Price/Sales (Trailing)

0.61

EV/EBITDA

66.04

Price/Free Cashflow

-8.28

PRA Price/Sales (Trailing)

PRA Profitability

EBT Margin

-0.82%

Return on Equity

-0.26%

Return on Assets

-0.05%

Free Cashflow Yield

-12.07%

PRA Fundamentals

PRA Revenue

Revenue (TTM)

1.1B

Revenue Y/Y

0.98%

Revenue Q/Q

-5.51%

PRA Earnings

Earnings (TTM)

-31.0M

Earnings Y/Y

-441.74%

Earnings Q/Q

-565.17%

Price Action

52 Week Range

11.8720.27
(Low)(High)

Last 7 days

0.3%

Last 30 days

-25.0%

Last 90 days

-27.8%

Trailing 12 Months

-35.6%

How does PRA drawdown profile look like?

PRA Financial Health

Debt/Equity

0.38

Debt/Cashflow

-0.17

PRA Investor Care

Dividend Yield

0.78%

Dividend/Share (TTM)

0.1

Buy Backs (1Y)

0.47%

Diluted EPS (TTM)

-0.6

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20231.1B1.1B1.1B0
20221.2B1.2B1.1B1.1B
2021898.3M958.1M1.0B1.1B
2020927.7M909.8M894.8M874.9M
2019953.9M937.3M929.9M999.8M
2018844.2M894.8M915.7M886.0M
2017899.8M890.6M894.7M866.1M
2016757.6M769.0M818.4M870.2M
2015852.1M833.1M804.2M772.1M
2014753.3M804.9M827.2M852.3M
2013730.3M737.2M742.7M740.2M
2012723.8M712.8M726.8M715.9M
2011701.7M715.0M695.9M716.8M
2010705.7M691.9M690.5M692.1M
2009593.5M619.9M646.3M672.7M
2008000567.2M

Latest Insider Trading transactions for PRA

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
May 24, 2023
cobarrubias fabiloa
acquired
94,993
12.72
7,468
-
May 24, 2023
syphax scott c
acquired
94,993
12.72
7,468
-
May 24, 2023
vance katisha terrell
acquired
94,993
12.72
7,468
-
May 24, 2023
spinosa frank anthony
acquired
94,993
12.72
7,468
-
May 24, 2023
frei maye head
acquired
94,993
12.72
7,468
-
May 24, 2023
angiolillo bruce d
acquired
94,993
12.72
7,468
-
May 24, 2023
adkins kedrick d jr
acquired
94,993
12.72
7,468
-
May 24, 2023
di piazza samuel a jr.
acquired
94,993
12.72
7,468
-
May 24, 2023
wilson thomas a.s. jr
acquired
94,993
12.72
7,468
-
May 24, 2023
haydar ziad
acquired
94,993
12.72
7,468
-

1–10 of 50

Which funds bought or sold PRA recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Nov 24, 2023
DEUTSCHE BANK AG\
added
22.13
197,813
571,894
-%
Nov 22, 2023
Polar Capital Holdings Plc
unchanged
-
8,217,500
40,849,600
0.30%
Nov 22, 2023
KBC Group NV
unchanged
-
-
69,000
-%
Nov 22, 2023
Public Sector Pension Investment Board
reduced
-32.9
-231,522
1,215,610
0.01%
Nov 21, 2023
COMERICA BANK
reduced
-88.93
449,318
449,318
-%
Nov 17, 2023
JACOBS LEVY EQUITY MANAGEMENT, INC
added
25.24
3,752,780
10,361,600
0.06%
Nov 17, 2023
TimesSquare Capital Management, LLC
reduced
-2.18
5,434,000
29,636,000
0.46%
Nov 16, 2023
Minerva Advisors LLC
unchanged
-
65,000
325,000
0.23%
Nov 15, 2023
THIRD AVENUE MANAGEMENT LLC
added
0.02
1,669,650
8,362,220
1.40%
Nov 15, 2023
MORGAN STANLEY
added
38.01
5,692,770
13,516,400
-%

1–10 of 50

Latest Funds Activity

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

Schedule 13G FIlings of ProAssurance Corp

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

Recent SEC filings of ProAssurance Corp

View All Filings
Date Filed Form Type Document
Nov 15, 2023
8-K
Current Report
Nov 08, 2023
8-K
Current Report
Nov 08, 2023
10-Q
Quarterly Report

PRA Fair Value

Loading...

Peers (Alternatives to ProAssurance Corp)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
54.5B
9.7B
10.53% 27.28%
47.86
5.63
13.81% 5.58%
49.8B
19.0B
8.46% 15.11%
10.92
2.62
-8.29% -10.06%
47.3B
49.4B
9.59% 8.07%
11.82
0.96
-13.81% -70.07%
40.8B
40.1B
11.18% -4.46%
18.68
1.02
10.52% -34.92%
32.1B
12.8B
6.93% 48.14%
10.8
2.51
66.43% 139.35%
MID-CAP
9.6B
7.7B
6.03% -17.89%
11.08
1.25
11.70% -11.46%
9.2B
12.2B
-10.35% 3.90%
6.51
0.77
2.39% 4.64%
8.9B
10.8B
15.30% 31.77%
16.82
0.82
6.78% 60.32%
4.3B
2.4B
4.23% 41.32%
3.95
1.78
30.04% -43.02%
4.1B
14.8B
12.90% -35.79%
3.15
0.28
-26.79% 3.19%
SMALL-CAP
1.1B
1.2B
-13.89% -39.20%
-10.48
0.92
32.00% -553.83%
1.1B
1.5B
0.60% 15.65%
-5.62
0.73
-24.08% -3.53%
1.0B
306.5M
4.20% -9.07%
15.76
3.28
4.48% 66.05%
677.8M
413.5M
27.66% -2.28%
3.48
1.64
22.34% -40.00%
38.4M
185.3M
1.60% -34.42%
12.36
0.21
-3.68% -1.30%

ProAssurance Corp News

Latest updates
GuruFocus.com27 Nov 202305:05 pm24 hours ago
Nasdaq08 Nov 202308:00 am20 days ago
Best Stocks02 Nov 202304:17 pm26 days ago
StreetInsider.com12 Aug 202207:00 am15 months ago
StreetInsider.com12 Apr 202207:00 am19 months ago
ThinkMarkets15 Jun 202104:37 pm2 years ago
TMS Brokers13 May 202104:04 pm2 years ago
Seeking Alpha18 Dec 202008:00 am2 years ago
TMS Brokers16 Nov 201904:39 pm4 years ago
TMS Brokers09 Mar 201811:44 am5 years ago
TMS Brokers01 Aug 201508:55 am8 years ago

Financials for ProAssurance Corp

Income Statement (Last 12 Months)
Income Statement (Quarterly)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Revenue-5.5%275,747,000291,831,000272,675,000294,708,000273,083,000255,825,000283,072,000313,065,500309,700,000281,628,000220,017,000229,601,000226,897,000221,742,000196,701,000249,465,500241,874,000239,621,000268,875,000179,480,000249,325,000
Operating Expenses--------------33,349,00034,773,00037,449,00032,778,00034,661,00033,290,00032,419,00035,213,000
EBITDA Margin---0.040.050.070.090.160.180.170.02-0.15-0.21-0.33-0.15-0.070.01-----
Interest Expenses0.2%5,514,0005,502,0005,463,0005,499,5005,513,0004,919,0004,441,0005,516,5005,814,0005,176,0003,212,0003,778,5003,881,0003,714,0004,129,0003,785,5004,274,0004,247,0004,330,0004,855,0003,599,000
Income Taxes-259.0%-4,655,0002,927,000-2,172,000809,000-2,673,000-1,933,000-2,017,0005,615,000-270,000-3,598,000736,0007,292,0002,141,000-38,686,000-12,076,000-29,803,500-6,689,000-277,0006,961,000-14,093,000-206,000
Earnings Before Taxes-499.1%-54,089,00013,554,000-8,346,00014,751,000-11,798,000-3,592,000-5,577,00037,754,50011,930,00088,452,0008,471,00021,597,000-147,838,000-56,785,000-34,030,000-89,178,00010,504,00011,259,00038,611,000-38,543,00031,022,000
EBT Margin----0.01-0.010.010.030.110.130.13-0.03-0.19-0.25-0.37-0.19-0.11-0.03-----
Net Income-565.2%-49,434,00010,627,000-6,174,00013,942,000-9,125,000-1,659,000-3,560,00032,139,50012,200,00092,050,0007,735,00014,305,000-149,979,000-18,099,000-21,954,000-59,375,00017,193,00011,536,00031,650,000-24,450,00031,228,000
Net Income Margin---0.000.000.020.030.110.130.12-0.04-0.16-0.20-0.28-0.09-0.060.00-----
Free Cashflow----29,843,000-36,514,00010,344,000-17,936,00014,265,0004,607,00038,348,0002,315,00028,700,00019,170,00070,700,00014,522,000-12,049,00019,363,000-----
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Assets-1.5%5,5745,6575,7485,7005,7835,8916,0596,1916,3276,3584,6754,6554,6924,7844,7314,8064,8244,7864,7174,6014,653
    Cash Equivalents34.9%62.0046.0056.0030.0041.0035.0072.0014420316121521623222421717510292.0072.0080.0088.00
  Net PPE-0.7%30.0030.0030.0030.0030.0030.0030.0030.0031.0031.0031.0031.0030.0030.0031.0030.0031.0031.0031.0031.0031.00
  Goodwill-88.9%6.0050.0050.0050.0050.0050.0050.0050.0050.0050.0050.0050.00161211211211211211211211211
Liabilities0.5%4,5624,5384,6104,5964,7174,7214,7774,7634,9044,9343,3533,3063,3633,3093,3033,2943,2353,2053,1553,0783,067
  Long Term Debt0.1%427426428427426426426425425459284285285285286286287287287288288
Shareholder's Equity-9.6%1,0121,1201,1381,1041,0661,1701,2821,4281,4231,4241,3211,3491,3301,4741,4281,5121,5891,5821,5621,5231,587
  Retained Earnings-3.5%1,3761,4251,4141,4231,4121,4241,4281,4341,4051,3961,3061,3011,2901,4421,4631,5061,5821,5811,5861,5721,640
  Additional Paid-In Capital0.4%402401398398397396393393392391389388387386385385385385383385385
Shares Outstanding-100.0%-54.0054.00-54.0054.0054.00-54.0054.0054.00-54.0054.0054.00-54.0054.0054.00-54.00
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Cashflow From Operations147.5%15,201,000-31,999,000-29,843,000-36,514,00010,344,000-17,936,00014,265,0004,607,00038,348,0002,315,00028,700,00019,170,00070,700,00014,522,000-12,049,00019,363,00049,788,00044,623,00034,392,00030,871,00080,828,000
  Share Based Compensation17.5%1,443,0001,228,0001,146,0001,148,0001,289,0001,049,0001,343,0001,082,0001,134,0001,153,0001,031,000748,0001,020,0001,021,0001,011,0001,177,0003,0001,092,0001,228,0001,176,0001,628,000
Cashflow From Investing-32.1%31,409,00046,263,00059,663,00029,752,000-636,000-13,979,000-77,134,000-59,995,00045,398,000-44,668,000-26,261,000-30,483,000-59,520,0009,694,00071,825,00076,239,000-22,997,000-6,588,0003,868,000-19,886,000-43,115,000
Cashflow From Financing-23.8%-30,534,000-24,664,000-3,345,000-4,651,000-3,168,000-5,354,000-8,632,000-3,963,000-41,589,000-11,686,000-3,386,000-4,853,000-3,500,000-17,117,000-17,976,000-22,444,000-16,459,000-17,986,000-46,901,000-18,073,000-16,869,000
  Dividend Payments-100.0%-2,691,0002,688,0002,688,000-5,389,0002,691,0002,691,0002,691,0002,690,0002,686,0002,686,0002,686,00016,578,00016,714,00016,630,00016,618,00016,618,00043,338,00016,582,00016,581,000
  Buy Backs-30,517,000---3,252,000----------------

PRA Income Statement

2023-09-30
Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues    
Net premiums earned$ 242,420,000$ 258,355,000$ 730,068,000$ 771,337,000
Net investment income32,754,00024,745,00094,714,00067,132,000
Equity in earnings (loss) of unconsolidated subsidiaries(61,000)(6,852,000)5,450,0005,948,000
Net investment gains (losses):    
Impairment losses(141,000)0(3,117,000)(972,000)
Portion of impairment losses recognized in other comprehensive income (loss) before taxes000419,000
Net impairment losses recognized in earnings(141,000)0(3,117,000)(553,000)
Other net investment gains (losses)(2,561,000)(8,262,000)6,273,000(45,099,000)
Total net investment gains (losses)(2,702,000)(8,262,000)3,156,000(45,652,000)
Other income3,336,0005,097,0006,864,00013,215,000
Total revenues275,747,000273,083,000840,252,000811,980,000
Expenses    
Net losses and loss adjustment expenses208,891,000198,073,000605,245,000585,166,000
Underwriting, policy acquisition and operating expenses:    
Operating expense41,132,00045,847,000118,394,000127,595,000
DPAC amortization32,882,00034,832,000100,385,000102,193,000
SPC U.S. federal income tax expense (benefit)(175,000)433,0001,351,0001,424,000
SPC dividend expense (income)(2,518,000)183,0003,171,0001,697,000
Interest expense5,514,0005,513,00016,478,00014,872,000
Goodwill impairment44,110,000044,110,0000
Total expenses329,836,000284,881,000889,134,000832,947,000
Income (loss) before income taxes(54,089,000)(11,798,000)(48,882,000)(20,967,000)
Provision for income taxes:    
Current expense (benefit)(1,228,000)1,953,000(453,000)1,411,000
Deferred expense (benefit)(3,427,000)(4,626,000)(3,448,000)(8,034,000)
Total income tax expense (benefit)(4,655,000)(2,673,000)(3,901,000)(6,623,000)
Net income (loss)(49,434,000)(9,125,000)(44,981,000)(14,344,000)
Other comprehensive income (loss), after tax, net of reclassification adjustments(29,359,000)(90,053,000)1,768,000(340,525,000)
Comprehensive income (loss)$ (78,793,000)$ (99,178,000)$ (43,213,000)$ (354,869,000)
Earnings (loss) per share:    
Basic (in usd per share)$ (0.95)$ (0.17)$ (0.85)$ (0.27)
Diluted (in usd per share)$ (0.95)$ (0.17)$ (0.85)$ (0.27)
Weighted average number of common shares outstanding:    
Basic (in shares)51,83753,99053,20554,023
Diluted (in shares)52,00654,12453,33954,151
Cash dividends declared per common share (in usd per share)$ 0$ 0.05$ 0.05$ 0.15

PRA Balance Sheet

2023-09-30
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Investments  
Fixed maturities, available-for-sale, at fair value (amortized cost, $3,742,234 and $3,852,411, respectively; allowance for expected credit losses, $560 as of September 30, 2023 and $427 as of December 31, 2022)$ 3,355,312$ 3,472,472
Fixed maturities, trading, at fair value (cost, $46,081 and $45,048, respectively)45,99943,434
Equity investments, at fair value (cost, $164,574 and $162,429, respectively)143,920143,738
Short-term investments247,394245,313
Business owned life insurance77,50281,746
Investment in unconsolidated subsidiaries297,314305,210
Other investments (at fair value, $59,612 and $92,447, respectively, otherwise at cost or amortized cost)62,81695,770
Total Investments4,230,2574,387,683
Cash and cash equivalents62,11029,959
Premiums receivable (allowance for expected credit losses, $7,921 as of September 30, 2023 and $7,658 as of December 31, 2022)279,131246,094
Receivable from reinsurers on paid losses and loss adjustment expenses27,81115,313
Receivable from reinsurers on unpaid losses and loss adjustment expenses417,323431,889
Prepaid reinsurance premiums38,14129,120
Deferred policy acquisition costs67,25758,148
Deferred tax asset, net213,572209,535
Real estate, net29,99029,968
Operating lease ROU assets16,09218,987
Intangible assets, net61,93966,835
Goodwill5,50049,610
Other assets124,834126,858
Total Assets5,573,9575,699,999
Policy liabilities and accruals  
Reserve for losses and loss adjustment expenses3,395,6513,471,147
Unearned premiums492,950422,950
Reinsurance premiums payable32,01828,514
Total Policy Liabilities and Accruals3,920,6193,922,611
Operating lease liabilities16,92620,008
Other liabilities197,990226,379
Debt less unamortized debt issuance costs426,579426,983
Total Liabilities4,562,1144,595,981
Shareholders' Equity  
Common shares (par value $0.01 per share, 100,000,000 shares authorized, 63,576,311 and 63,427,796 shares issued, respectively)636634
Additional paid-in capital402,144397,919
Accumulated other comprehensive income (loss) (net of deferred tax expense (benefit) of ($80,975) and ($80,810), respectively)(296,839)(298,607)
Retained earnings1,375,6041,423,286
Treasury shares, at cost (12,606,968 and 9,464,160 shares, respectively)(469,702)(419,214)
Total Shareholders' Equity1,011,8431,104,018
Total Liabilities and Shareholders' Equity$ 5,573,957$ 5,699,999
PRA
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 Syndicates 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 business development team. The company was founded in 1976 and is headquartered in Birmingham, Alabama.
 CEO
 WEBSITEwww.proassurance.com
 EMPLOYEES1083

ProAssurance Corp Frequently Asked Questions


What is the ticker symbol for ProAssurance Corp?

Ticker symbol for ProAssurance Corp is PRA.

What is the market capital of ProAssurance Corp (PRA)?

As of Mon Nov 27 2023, market cap of ProAssurance Corp is 688.83 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of PRA stock?

You can check PRA's fair value in chart. The fair value of ProAssurance Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of ProAssurance Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for PRA so that you know how good or bad the model has been in the past so you can discard it if needed.

Is ProAssurance Corp stock overpriced or underpriced?

The fair value guage provides a quick view whether PRA is over valued or under valued. Whether ProAssurance Corp is cheap or expensive depends on the assumptions which impact ProAssurance Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for PRA.

What is ProAssurance Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon Nov 27 2023, PRA's PE ratio (Price to Earnings) is -22.19 and Price to Sales (PS) ratio is 0.61. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. PRA PE ratio will change depending on the future growth rate expectations of investors.