ProAssurance Corporation

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.
Company Growth (employees)
Type
Public
HQ
Birmingham, US
Founded
1976
Size (employees)
965 (est)
ProAssurance Corporation was founded in 1976 and is headquartered in Birmingham, US

ProAssurance Corporation Office Locations

ProAssurance Corporation has an office in Birmingham
Birmingham, US (HQ)
100 Brookwood Pl

ProAssurance Corporation Data and Metrics

ProAssurance Corporation Financial Metrics

ProAssurance Corporation's revenue was reported to be $870.2 m in FY, 2016
USD

Net income (Q1, 2017)

41.5 m

Market capitalization (17-Aug-2017)

2.9 b

Cash (31-Mar-2017)

101.9 m
ProAssurance Corporation's current market capitalization is $2.9 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

740.2 m852.3 m772.1 m870.2 m

Revenue growth, %

15%(9%)13%

Operating expense total

643.2 m694 m

Interest expense

14.6 m15 m

Pre tax profit

128.9 m176.2 m

Net Income

297.5 m196.6 m116.2 m151.1 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

49.9 m34.8 m37.8 m33.2 m10.3 m19.3 m43.1 m33.8 m41.5 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

129.4 m197 m241.1 m117.3 m

Inventories

3.9 b

Goodwill

161.1 m210.7 m210.7 m210.7 m

Total Assets

5.2 b5.2 b4.9 b5.1 b

Total Liabilities

3.3 b

Additional Paid-in Capital

349.9 m359.6 m365.4 m376.5 m

Retained Earnings

2 b2 b2 b1.8 b

Total Equity

2 b1.8 b

Financial Leverage

2.5 x2.8 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

210.7 m248 m203.6 m151.4 m201.3 m197.3 m145.2 m128.9 m101.9 m

Inventories

4.1 b4.1 b3.9 b3.9 b3.7 b3.7 b3.8 b3.8 b3.7 b

Goodwill

210.7 m210.7 m210.7 m210.7 m210.7 m210.7 m210.7 m210.7 m210.7 m

Total Assets

5.4 b5.3 b5.1 b5 b5 b4.9 b5 b5 b4.9 b

Additional Paid-in Capital

355.4 m357.8 m359.1 m362.2 m364.9 m366.7 m370.4 m372 m375.9 m

Retained Earnings

2.1 b2.1 b2 b2 b2 b2 b2 b2 b1.8 b

Total Equity

2.1 b2 b2 b2 b2 b1.8 b

Financial Leverage

2.4 x2.5 x2.5 x2.5 x2.5 x2.7 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

297.5 m196.6 m116.2 m151.1 m

Depreciation and Amortization

46 m50.3 m36.4 m32.8 m

Cash From Operating Activities

38.6 m96 m112 m169.1 m

Long-term Borrowings

(127.2 m)

Cash From Financing Activities

40 m(295.3 m)(295.7 m)(13.9 m)

Interest Paid

913 k13.4 m14 m14.7 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

49.9 m34.8 m37.8 m33.2 m10.3 m19.3 m43.1 m33.8 m41.5 m
Y, 2017

Financial Leverage

2.7 x

ProAssurance Corporation Operating Metrics

ProAssurance Corporation's Reported Claims, units was reported to be 25.5 k in FY, 2016, which is a 2% decrease from the previous period. ProAssurance Corporation's Locations was reported to be 40 in Aug, 2017
FY, 2014FY, 2015FY, 2016May, 2017Jun, 2017Aug, 2017

Reported Claims, units

25.18 k26.17 k25.52 k

Countries

333

Locations

404040

In-Force Policies

73 k73 k72.5 k

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