OverviewSuggest Edit

ProSight Global (also known as ProSight Specialty Insurance) is a specialty property and casualty insurance holding company. It delivers value and risk solutions through coverages and services as well as third-party solutions focusing on niche markets. The company caters to media and entertainment, real estate, professional services, transportation, construction, consumer services, marine and energy, and sports industries.

TypePublic
Founded2009
HQMorristown, NJ, US
Websiteprosightspecialty.com
Employee Ratings3.3

Latest Updates

Employees (est.) (Dec 2020)351(-11%)
Revenue (FY, 2020)$816.1 M(-7%)
Share Price (Aug 2021)$12.9
Cybersecurity ratingAMore
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Key People/Management at ProSight Global

Jonathan Ritz

Jonathan Ritz

CEO
Kari Hilder

Kari Hilder

Chief Human Resources Officer
Ric Victores

Ric Victores

SVP, Chief Sales & Marketing
Anthony Piszel

Anthony Piszel

EVP, Chief Financial Officer
Erin Cullen

Erin Cullen

SVP
Joe Finnegan

Joe Finnegan

SVP
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ProSight Global Office Locations

ProSight Global has offices in Morristown and Glendale
Morristown, NJ, US (HQ)
412 Mt Kemble Ave #300C
Glendale, CA, US
101 N Brand Blvd #1200
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ProSight Global Financials and Metrics

ProSight Global Revenue

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ProSight Global's revenue was reported to be $816.11 m in FY, 2020 which is a 7.1% decrease from the previous period.
USD

Revenue (Q1, 2021)

222.8m

Gross profit (Q1, 2021)

117.3m

Gross profit margin (Q1, 2021), %

52.6%

Net income (Q1, 2021)

35.2m

EBIT (Q1, 2021)

37.5m

Market capitalization (9-Aug-2021)

562.6m

Closing stock price (9-Aug-2021)

12.9

Cash (31-Mar-2021)

37.4m

EV

547.0m
ProSight Global's current market capitalization is $562.6 m.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

785.8m878.1m816.1m

Revenue growth, %

21%12%(7%)

Cost of goods sold

606.3m685.8m645.1m

Gross profit

179.5m192.3m171.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

213.0m220.1m219.9m214.8m207.4m194.1m222.8m

Cost of goods sold

164.9m172.6m173.1m174.5m154.5m163.6m105.5m

Gross profit

48.1m47.5m46.7m40.3m52.9m30.5m117.3m

Gross profit Margin, %

23%22%21%19%26%16%53%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

22.3m17.3m12.1m

PP&E

39.0m37.2m33.9m

Total Assets

2.6b2.9b3.1b

Total Debt

182.4m164.7m225.9m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

34.1m34.2m24.6m43.1m50.6m26.6m37.4m

PP&E

38.6m38.1m37.7m36.3m35.6m35.0m

Goodwill

17.2m

Total Assets

2.7b2.8b2.9b2.8b2.9b3.0b3.0b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

54.5m38.9m22.2m

Depreciation and Amortization

7.4m8.7m9.3m

Cash From Operating Activities

231.7m253.3m116.4m

Purchases of PP&E

(8.5m)(6.5m)(6.0m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

13.4m22.1m30.4m7.1m24.6m26.1m35.2m

Depreciation and Amortization

2.1m4.1m6.2m2.0m4.2m6.4m2.2m

Cash From Operating Activities

84.8m159.3m212.1m58.9m93.9m120.7m57.4m

Purchases of PP&E

(1.7m)(3.3m)(4.9m)(1.1m)(2.6m)(4.2m)(1.2m)
USDFY, 2018

Debt/Equity

0.5 x

Debt/Assets

0.1 x

Financial Leverage

6.6 x
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ProSight Global Operating Metrics

FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020

Gross Written Premium

$895.11 m$255.84 m$235.03 m$227.2 m$968.01 m$213.78 m$186.39 m$203.54 m$817.09 m

Gross Written Premium (Construction)

$100.74 m$23.25 m$32.5 m$27.3 m$117.92 m$24.51 m$27.7 m$27.41 m$109.96 m

Gross Written Premium (Consumer Services)

$106.35 m$27.49 m$37.89 m$35.5 m$133.68 m$30.57 m$40.73 m$23.71 m$123.01 m

Gross Written Premium (Marine and Energy)

$64.6 m$15.93 m$20.85 m$18.15 m$94.07 m$32.79 m$26.82 m$67.68 m$110.23 m
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ProSight Global Acquisitions / Subsidiaries

Company NameDateDeal Size
Gotham Insurance Company
Mutual Marine Office of the Midwest, Inc.
New York Marine and General Insurance Company
Pacific Mutual Marine Office, Inc.
ProSight Specialty Bermuda Limited
ProSight Specialty Insurance Brokerage, LLC
ProSight Specialty Insurance Group, Inc.
ProSight Specialty Management Company, Inc.
Southwest Marine and General Insurance Company

ProSight Global Revenue Breakdown

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ProSight Global revenue breakdown by business segment: 90.4% from Net Earned Premiums, 8.9% from Net Investment Income and 0.7% from Other

ProSight Global Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

SecurityScorecard logo

ProSight Global Online and Social Media Presence

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ProSight Global News and Updates

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of ProSight Global, Inc. - PROS

NEW YORK, March 5, 2021 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018 and 2019 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is...

ProSight Global Blogs

Mobile Solar: Thinking Beyond the Roof

The era of mobile solar has arrived.   Mobile solar units are gaining traction in the solar world as a flexible way to generate green energy without committing to the expense or construction of a permanent solar roof install—not to mention the hassle of securing a permit.   But that’s just the begin…

Safeguard Against Cyber Theft This Holiday Season

The holiday season is prime time for consumer and company gift buying, which means cyber thieves are out in full force. In fact, today’s hyperconnected world increases the potential for cyberattacks the moment you pull out your credit or debit card, so it’s important to increase your cyber awareness…

Construction’s Leading Loss Drivers, What You Should Know

Though the means and methods of construction have changed significantly over the last 20 years, the three main loss drivers remain the same: Fall From Heights, Ladders, and Eye and Face Protection. These loss drivers account for many claims across the construction industry—and pose serious threats t…

What You Should Know about Construction’s Leading Loss Drivers

Though the means and methods of construction have changed significantly over the last 20 years, the three main loss drivers remain the same: Fall From Heights, Ladders, and Eye and Face Protection. These loss drivers account for many claims across the construction industry—and pose serious threats t…

ProSight Global, Inc. Reports Third Quarter 2019 Results

Net Income from Continuing Operations of $8.4 million, $0.19 per Diluted Share, and Adjusted Operating Income(1)of $13.8 million, $0.32 per Diluted Share. MORRISTOWN, N.J., Nov. 6, 2019 /PRNewswire/ — ProSight Global, Inc. (NYSE: PROS) (ProSight) today reported results for the third quarter of 2019.…

Keeping the human touch in the digital insurance age

Property Casualty 360 | November 2019 Insurance carriers are increasingly choosing to make processes fully digital, instead of having their employees speak with insureds in real-time. As automation tools and advanced technologies become readily accessible, it’s important to recognize both the benefi…
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ProSight Global Frequently Asked Questions

  • When was ProSight Global founded?

    ProSight Global was founded in 2009.

  • Who are ProSight Global key executives?

    ProSight Global's key executives are Jonathan Ritz, Kari Hilder and Ric Victores.

  • How many employees does ProSight Global have?

    ProSight Global has 351 employees.

  • What is ProSight Global revenue?

    Latest ProSight Global annual revenue is $816.1 m.

  • What is ProSight Global revenue per employee?

    Latest ProSight Global revenue per employee is $2.3 m.

  • Who are ProSight Global competitors?

    Competitors of ProSight Global include W.R. Berkley, Markel Corporation and RLI.

  • Where is ProSight Global headquarters?

    ProSight Global headquarters is located at 412 Mt Kemble Ave #300C, Morristown.

  • Where are ProSight Global offices?

    ProSight Global has offices in Morristown and Glendale.

  • How many offices does ProSight Global have?

    ProSight Global has 2 offices.