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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 Ratings2.6

Latest Updates

Employees (est.) (Dec 2019)961(-3%)
Job Openings14
Revenue (FY, 2019)$999.8 M(+13%)
Share Price (Sept 2020)$14.6 (-1%)
Cybersecurity ratingCMore

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 offices in Homewood, Auburn, Austin, Carmel and in 22 other locations
Homewood, US (HQ)
100 Brookwood Pl
Auburn, US
86 Main St #304
Austin, US
1221 S MoPac Expy #200
Carmel, US
12911 N Meridian St #100
Chantilly, US
4795 Meadow Wood Ln #335
Charlotte, US
6302 Fairview Rd #200
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ProAssurance Financials and Metrics

ProAssurance Revenue

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ProAssurance's revenue was reported to be $999.83 m in FY, 2019
USD

Revenue (Q2, 2020)

221.7m

Gross profit (Q2, 2020)

10.7m

Gross profit margin (Q2, 2020), %

4.8%

Net income (Q2, 2020)

(18.1m)

Market capitalization (21-Sept-2020)

805.4m

Closing stock price (21-Sept-2020)

14.6

Cash (30-Jun-2020)

224.3m

EV

887.0m
ProAssurance's current market capitalization is $805.4 m.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

231.6m287.1m275.5m297.5m196.6m116.2m151.1m107.3m47.1m1.0m

Depreciation and Amortization

4.6m4.9m4.7m46.0m50.3m36.4m32.8m28.8m21.3m18.7m

Cash From Operating Activities

139.2m159.4m91.3m38.6m96.0m112.0m169.1m149.0m177.3m148.2m

Purchases of PP&E

(215.7m)(28.4m)(9.5m)(10.9m)(10.5m)(9.6m)(9.6m)
USDQ2, 2010

Financial Leverage

2.6 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

C

70/100

SecurityScorecard logo

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 24 HOUR DEADLINE ALERT: FORMER LOUISIANA ATTORNEY GENERAL AND KAHN SWICK & FOTI, LLC REMIND INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Deadline in Class Action Lawsuit Against ProAssurance Corporation - PRA

NEW ORLEANS, Aug. 16, 2020 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until August 17, 2020 to file lead plaintiff applications in a securities class action lawsuit...

ROSEN, GLOBAL INVESTOR COUNSEL, Reminds ProAssurance Corporation Investors of Important August 17 Deadline in Securities Class Action - PRA

NEW YORK, Aug. 8, 2020 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of ProAssurance Corporation (NYSE: PRA) between April 26, 2019 and May 7, 2020, inclusive (the "Class Period"), of the important August 17, 2020 lead plaintiff...

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of ProAssurance Corporation - PRA

NEW YORK, July 13, 2020 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors ProAssurance Corporation ("ProAssurance" or the "Company") (NYSE: PRA). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980. The...

PRA INVESTOR DEADLINE ALERT: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against ProAssurance Corporation

NEW YORK, July 6, 2020 /PRNewswire/ -- Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a motion for lead plaintiff in a securities class action has been filed on behalf of investors that purchased or acquired the securities of...

ProAssurance Shareholder Alert: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In ProAssurance Corporation To Contact The Firm

NEW YORK - (NewMediaWire) - June 24, 2020 - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in ProAssurance Corporation (“ProAssurance” or the “Company”) (NYSE:PRA) of the August 17, 2020 deadline to seek the role of lead plaintiff in a federal securities cla…

PRA INVESTOR LAWSUIT ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit has been Filed Against ProAssurance Corporation

NEW YORK, June 22, 2020 /PRNewswire/ -- Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action has been filed on behalf of investors that purchased or acquired the securities of ProAssurance Corporation ("ProAssurance" or the...
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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 961 employees.

  • What is ProAssurance revenue?

    Latest ProAssurance annual revenue is $999.8 m.

  • What is ProAssurance revenue per employee?

    Latest ProAssurance revenue per employee is $1 m.

  • Who are ProAssurance competitors?

    Competitors of ProAssurance include BLP (Building LifePlans Ltd), Triple-S Management Corporation and AmTrust Financial Services.

  • Where is ProAssurance headquarters?

    ProAssurance headquarters is located at 100 Brookwood Pl, Homewood.

  • Where are ProAssurance offices?

    ProAssurance has offices in Homewood, Auburn, Austin, Carmel and in 22 other locations.

  • How many offices does ProAssurance have?

    ProAssurance has 27 offices.