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Providing a Spectrum of Healthcare Liability and Other Insurance Solutions … and More ProAssurance’s group of insurance companies specializes in providing the full spectrum of healthcare liability, workers’ compensation, and legal professional liability insurance options. ProAssurance professionals possess deep knowledge of underwriting, risk management, and claims handling, all while representing a unique pledge to treat clients and all involved fairly. Healthcare liability solutions, from the simple to the most sophisticated, are available for every niche in healthcare. So whether you represent a health system, hospital, physicians, clinic, ancillary care providers and facilities, or medical technology and life sciences, we can help. Of its insurance companies, ProAssurance Group holds a financial strength rating of A+ (Superior) from A.M. Best; that group is made of up ProAssurance Casualty Company, ProAssurance Indemnity Company, Inc., ProAssurance Specialty Insurance Company, and ProAssurance American Mutual. PICA Group and Eastern Alliance Insurance Company each carry the A (Excellent) A.M. Best strength rating. In addition, ProAssurance has been recognized as a Ward’s 50® top performing property and casualty insurer each year since 2007—out of nearly 3,000 insurers examined annually. So whether you are a talented individual seeking a dynamic employer or an organization or professional seeking to insure risk, ProAssurance provides you with a strong option. We are committed to collaboration and making it easier for you to obtain unique solutions and the right fit. Choose to be treated fairly today for sophisticated support and greater clarity.
TypePublic
Founded1976
HQHomewood, US
Websiteproassurance.com
Employee Ratings2.5

Latest Updates

Employees (est.) (Dec 2018)991
Job Openings33
Revenue (FY, 2018)$886 M(+3%)
Share Price (Dec 2019)$37.1 (-1%)

Key People/Management at ProAssurance

William Stancil Starnes

William Stancil Starnes

Chairman, Chief Executive Officer and President
Michael Leonard Boguski

Michael Leonard Boguski

President, Eastern Insurance
Howard Harley Friedman

Howard Harley Friedman

President, Healthcare Professional Liability Group; Chief Underwriting Officer and Chief Actuary
Jeffrey Patton Lisenby

Jeffrey Patton Lisenby

Corporate Secretary, Executive Vice-President and General Counsel
Frank B. O'Neil

Frank B. O'Neil

Senior Vice-President, Chief Communications Officer
Edward Lewis Rand

Edward Lewis Rand

Chief Operating Officer, Chief Financial Officer and President of Medmarc Insurance Group
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ProAssurance Office Locations

ProAssurance has an office in Homewood
Homewood, US (HQ)
100 Brookwood Pl
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ProAssurance Financials and Metrics

ProAssurance Revenue

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ProAssurance's revenue was reported to be $886.03 m in FY, 2018
USD

Revenue (Q3, 2019)

241.9m

Gross profit (Q3, 2019)

80.3m

Gross profit margin (Q3, 2019), %

33.2%

Net income (Q3, 2019)

17.2m

Market capitalization (2-Dec-2019)

2.0b

Closing stock price (2-Dec-2019)

37.1

Cash (30-Sept-2019)

102.2m

EV

2.2b
ProAssurance's current market capitalization is $2 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

231.6m287.1m275.5m297.5m196.6m116.2m151.1m107.3m47.1m

Depreciation and Amortization

4.6m4.9m4.7m46.0m50.3m36.4m32.8m28.8m21.3m

Cash From Operating Activities

139.2m159.4m91.3m38.6m96.0m112.0m169.1m149.0m177.3m

Purchases of PP&E

(215.7m)(28.4m)(9.5m)(10.9m)(10.5m)(9.6m)
USDY, 2019

EV/CFO

16.9 x

Financial Leverage

3 x
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ProAssurance Operating Metrics

ProAssurance's Reported Claims, units was reported to be 25.5 k in FY, 2016.
FY, 2014FY, 2015FY, 2016May, 2017Jun, 2017Aug, 2017

Countries

3 3 3

In-Force Policies

73 k73 k72.50 k

Locations

40 40 40

Reported Claims, units

25.18 k26.17 k25.52 k
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ProAssurance Revenue Breakdown

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ProAssurance revenue breakdown by business segment: 7.5% from Lloyd's Syndicate, 62.4% from Specialty P&C and 30.1% from Workers' Compensation

ProAssurance Online and Social Media Presence

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ProAssurance News and Updates

ProAssurance Reports Results for Third Quarter 2018

BIRMINGHAM, Ala., Nov. 6, 2018 /PRNewswire/ -- ProAssurance Corporation (NYSE: PRA) reports the following results for the three and nine months ended September 30, 2018: CONSOLIDATED INCOME STATEMENT HIGHLIGHTS Three Months Ended September 30 Nine Months Ended September 30 ($ in...

ProAssurance Frequently Asked Questions

  • When was ProAssurance founded?

    ProAssurance was founded in 1976.

  • Who are ProAssurance key executives?

    ProAssurance's key executives are William Stancil Starnes, Michael Leonard Boguski and Howard Harley Friedman.

  • How many employees does ProAssurance have?

    ProAssurance has 991 employees.

  • What is ProAssurance revenue?

    Latest ProAssurance annual revenue is $886 m.

  • What is ProAssurance revenue per employee?

    Latest ProAssurance revenue per employee is $894.1 k.

  • Who are ProAssurance competitors?

    Competitors of ProAssurance include AmTrust Financial Services, Assurant and Charles Taylor.

  • Where is ProAssurance headquarters?

    ProAssurance headquarters is located at 100 Brookwood Pl, Homewood.

  • Where are ProAssurance offices?

    ProAssurance has an office in Homewood.

  • How many offices does ProAssurance have?

    ProAssurance has 1 office.