Complete financial analysis of ProAssurance Corporation (PRA) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of ProAssurance Corporation, a leading company in the Insurance – Property & Casualty industry within the Financial Services sector.
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ProAssurance Corporation (PRA)
Industry: Insurance - Property & Casualty
Sector: Financial Services
Website: https://www.proassurance.com
About ProAssurance Corporation
ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company operates through Specialty Property and Casualty, Workers' Compensation Insurance, Segregated Portfolio Cell Reinsurance, and Lloyd's Syndicate segments. It offers professional liability insurance for healthcare providers and institutions, and attorneys; liability insurance for medical technology and life sciences risks; and workers' compensation insurance, such as guaranteed cost policies, policyholder dividend policies, retrospectively rated policies, and deductible policies, as well as alternative market solutions that include program design, fronting, claims administration, risk management, SPC rental, asset management, and SPC management services for individual companies, agencies, groups, and associations. The company also participates in Lloyd's of London Syndicate 1729, which underwrites property and casualty insurance, and reinsurance. It markets its products through independent agencies and brokers, as well as an internal sales force. The company was founded in 1976 and is headquartered in Birmingham, Alabama.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.14B | 1.10B | 1.08B | 886.86M | 1.01B | 877.08M | 858.12M | 875.98M | 772.08M | 848.34M | 732.64M | 722.73M | 716.78M | 692.07M | 672.68M | 562.59M | 706.07M | 737.60M | 645.31M | 794.55M | 709.64M | 555.77M | 382.56M | 222.59M | 208.00M | 193.60M | 160.70M | 139.40M | 110.30M | 85.60M | 87.70M | 85.10M | 76.00M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.68M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 1.14B | 1.10B | 1.08B | 886.86M | 1.01B | 877.08M | 858.12M | 875.98M | 768.40M | 848.34M | 732.64M | 722.73M | 716.78M | 692.07M | 672.68M | 562.59M | 706.07M | 737.60M | 645.31M | 794.55M | 709.64M | 555.77M | 382.56M | 222.59M | 208.00M | 193.60M | 160.70M | 139.40M | 110.30M | 85.60M | 87.70M | 85.10M | 76.00M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 99.52% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 0.00 | 174.16M | 157.64M | 127.32M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 1.13B | 174.16M | -937.77M | -1.11B | -1.05B | 831.00M | 705.00M | 671.00M | 628.00M | 574.00M | 373.00M | 316.00M | 299.00M | 356.00M | 348.00M | 312.00M | 458.00M | 550.00M | 530.00M | -690.57M | -656.08M | -540.50M | -370.36M | -194.29M | -144.80M | -128.50M | -111.50M | -98.70M | -71.60M | -54.40M | -50.30M | -56.90M | -53.90M |
| Operating Expenses | 1.13B | 174.16M | -937.77M | -1.11B | -1.05B | 831.00M | 705.00M | 671.00M | 628.00M | 574.00M | 373.00M | 316.00M | 299.00M | 356.00M | 348.00M | 312.00M | 458.00M | 550.00M | 530.00M | -690.57M | -656.08M | -540.50M | -370.36M | -194.29M | -144.80M | -128.50M | -111.50M | -98.70M | -71.60M | -54.40M | -50.30M | -56.90M | -53.90M |
| Cost & Expenses | 1.13B | 1.11B | 928.83M | 1.10B | 1.04B | 822.82M | 696.88M | 676.60M | 643.22M | 586.34M | 335.48M | 326.76M | 302.19M | 359.39M | 353.92M | 314.21M | 469.73M | 560.77M | 536.45M | 697.09M | 659.31M | 542.16M | 371.59M | 38.58M | 40.20M | 33.50M | 33.90M | 25.70M | 17.90M | 10.50M | 8.80M | 8.20M | 7.20M |
| Interest Income | 0.00 | 20.37M | 19.72M | 15.50M | 16.64M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 23.15M | 20.37M | 19.72M | 15.50M | 16.64M | 16.12M | 16.84M | 15.03M | 14.60M | 14.08M | 2.76M | 2.18M | 3.48M | 3.29M | 3.48M | 6.89M | 11.98M | 11.07M | 8.93M | 6.52M | 3.41M | 2.88M | 2.59M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 26.02M | 38.06M | 37.25M | 21.38M | 18.67M | 21.26M | 28.80M | 32.79M | 36.40M | 50.32M | 45.97M | 37.57M | 35.69M | 26.67M | 19.66M | 16.57M | 16.09M | 18.83M | 24.00M | 27.03M | 23.51M | 15.04M | 3.24M | 6.33M | 6.40M | 3.20M | 18.40M | 200.00K | 2.00M | 3.00M | 3.00M | 3.10M | 1.00M |
| EBITDA | 10.02M | 52.22M | 203.57M | -180.18M | 6.50M | 66.40M | 174.26M | 224.02M | 323.75M | 315.68M | 435.75M | 435.72M | 441.38M | 362.64M | 341.89M | 271.85M | 264.41M | 206.73M | 141.79M | 131.01M | 77.07M | 30.31M | 15.44M | 0.00 | 0.00 | 0.00 | 15.40M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 0.88% | 4.74% | 16.26% | -22.79% | -1.92% | 7.57% | 20.31% | 25.57% | 23.29% | 38.48% | 60.86% | 60.29% | 63.31% | 52.40% | 50.83% | 48.32% | 37.45% | 42.86% | 27.15% | 16.49% | 10.86% | 5.45% | 4.04% | 15.56% | 33.46% | 35.28% | 42.07% | 29.34% | 36.90% | 39.95% | 46.07% | 36.78% | 30.39% |
| Operating Income | 0.00 | 14.16M | 137.67M | -223.53M | -38.02M | 45.14M | 145.47M | 191.23M | 143.45M | 276.09M | 399.91M | 398.15M | 418.08M | 335.97M | 322.24M | 177.73M | 168.19M | 126.98M | 80.03M | 103.98M | 53.56M | 15.27M | 12.19M | 28.30M | 63.20M | 65.10M | 49.20M | 40.70M | 38.70M | 31.20M | 37.40M | 28.20M | 22.10M |
| Operating Income Ratio | 0.00% | 1.28% | 12.80% | -25.20% | -3.77% | 5.15% | 16.95% | 21.83% | 18.58% | 32.54% | 54.59% | 55.09% | 58.33% | 48.55% | 47.90% | 31.59% | 23.82% | 17.22% | 12.40% | 13.09% | 7.55% | 2.75% | 3.19% | 12.71% | 30.38% | 33.63% | 30.62% | 29.20% | 35.09% | 36.45% | 42.65% | 33.14% | 29.08% |
| Total Other Income/Expenses | -39.15M | -6.22M | 8.94M | -217.06M | -28.80M | -25.39M | -32.28M | -694.01M | -15.22M | -590.32M | 26.06M | -5.34M | -8.32M | -3.29M | -12.85M | -57.34M | -18.10M | -14.11M | -9.70M | -31.78M | 6.52M | 13.61M | 10.97M | 44.99M | 0.00 | 52.30M | 0.00 | 0.00 | 0.00 | 0.00 | 30.50M | 0.00 | 0.00 |
| Income Before Tax | -39.15M | -6.22M | 146.61M | -217.06M | -28.80M | 54.26M | 161.24M | 199.38M | 128.86M | 262.01M | 397.16M | 395.97M | 414.60M | 332.68M | 318.76M | 248.39M | 236.34M | 176.83M | 108.86M | 97.47M | 50.33M | 13.61M | 10.97M | 73.29M | 106.80M | 117.40M | 90.90M | 75.60M | 73.00M | 55.40M | 67.90M | 54.80M | 43.40M |
| Income Before Tax Ratio | -3.44% | -0.56% | 13.63% | -24.47% | -2.85% | 6.19% | 18.79% | 22.76% | 16.69% | 30.88% | 54.21% | 54.79% | 57.84% | 48.07% | 47.39% | 44.15% | 33.47% | 23.97% | 16.87% | 12.27% | 7.09% | 2.45% | 2.87% | 32.93% | 51.35% | 60.64% | 56.57% | 54.23% | 66.18% | 64.72% | 77.42% | 64.39% | 57.11% |
| Income Tax Expense | -545.00K | -5.81M | 2.48M | -41.33M | -29.81M | -18.03M | 21.36M | 25.12M | 12.66M | 65.44M | 99.64M | 120.50M | 127.50M | 101.08M | 96.74M | 70.66M | 68.15M | 49.84M | 28.84M | 24.66M | 11.45M | 188.00K | -2.85M | 4.00M | 16.50M | 17.70M | 11.70M | 9.60M | 9.00M | 6.40M | 6.90M | 5.30M | 4.60M |
| Net Income | -38.60M | -402.00K | 144.12M | -175.73M | 1.00M | 47.06M | 107.26M | 151.08M | 116.20M | 196.57M | 297.52M | 275.47M | 287.10M | 231.60M | 222.03M | 177.73M | 168.19M | 236.43M | 113.46M | 72.81M | 38.70M | 12.21M | 12.45M | 24.30M | 46.70M | 47.40M | 37.50M | 31.10M | 29.70M | 24.80M | 30.50M | 22.90M | 17.50M |
| Net Income Ratio | -3.39% | -0.04% | 13.40% | -19.81% | 0.10% | 5.37% | 12.50% | 17.25% | 15.05% | 23.17% | 40.61% | 38.12% | 40.05% | 33.46% | 33.01% | 31.59% | 23.82% | 32.05% | 17.58% | 9.16% | 5.45% | 2.20% | 3.25% | 10.92% | 22.45% | 24.48% | 23.34% | 22.31% | 26.93% | 28.97% | 34.78% | 26.91% | 23.03% |
| EPS | -0.73 | -0.01 | 2.67 | -3.26 | 0.02 | 0.88 | 2.01 | 2.84 | 2.19 | 3.32 | 4.82 | 4.49 | 4.70 | 3.65 | 3.38 | 2.72 | 2.55 | 3.69 | 1.89 | 1.25 | 0.67 | 0.24 | 0.26 | 0.52 | 0.98 | 0.96 | 0.76 | 0.65 | 0.62 | 0.53 | 0.62 | 0.46 | 0.35 |
| EPS Diluted | -0.73 | -0.01 | 2.67 | -3.26 | 0.02 | 0.88 | 2.00 | 2.83 | 2.11 | 3.30 | 4.80 | 4.46 | 4.65 | 3.60 | 3.35 | 2.61 | 2.39 | 3.43 | 1.77 | 1.19 | 0.67 | 0.23 | 0.26 | 0.52 | 0.98 | 0.96 | 0.76 | 0.65 | 0.62 | 0.53 | 0.62 | 0.46 | 0.35 |
| Weighted Avg Shares Out | 52.64M | 54.01M | 53.96M | 53.86M | 53.74M | 53.60M | 53.46M | 53.25M | 53.10M | 59.29M | 61.76M | 61.34M | 61.14M | 63.58M | 65.70M | 65.50M | 65.92M | 64.09M | 60.10M | 58.33M | 57.91M | 52.46M | 48.53M | 46.58M | 47.98M | 49.38M | 49.67M | 48.22M | 48.29M | 47.22M | 49.59M | 49.78M | 50.00M |
| Weighted Avg Shares Out (Dil) | 52.79M | 54.14M | 54.06M | 53.86M | 53.84M | 53.75M | 53.61M | 53.45M | 55.02M | 59.53M | 62.02M | 61.83M | 61.68M | 64.35M | 66.30M | 68.72M | 71.65M | 69.85M | 65.82M | 63.97M | 60.78M | 52.51M | 48.53M | 46.66M | 47.98M | 49.38M | 49.67M | 48.22M | 48.29M | 47.22M | 49.59M | 49.78M | 50.00M |
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ProAssurance Corporation (PRA) Q3 2024 Earnings Call Transcript
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Source: https://incomestatements.info
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