Last 7 days
-4.5%
Last 30 days
-33.3%
Last 90 days
-38.4%
Trailing 12 Months
-45.3%
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% |
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 | - | - | - |
96.5%
45.4%
22.7%
Y-axis is the maximum loss one would have experienced if ProAssurance was unfortunately bought at previous high price.
-9.2%
-15.3%
-18.9%
-3.6%
FIve years rolling returns for ProAssurance.
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 | - | -% |
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 |
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 |
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 | - |
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 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 |
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) | 44,818 | 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 |