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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 |
ProAssurance (PRA) Q4 Earnings Beat Estimates
ProAssurance (PRA) delivered earnings and revenue surprises of 20% and 1.28%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
ProAssurance Fourth Quarter and Year-End 2022 Results Release and Teleconference
BIRMINGHAM, Ala.--(BUSINESS WIRE)--ProAssurance Corporation (NYSE:PRA) will report results for the quarter and year ended December 31, 2022 after the close of normal New York Stock Exchange trading on Monday, February 27th, 2023. ProAssurance will conduct a conference call at 10:00...
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ProAssurance Corporation (PRA) Q3 2022 Earnings Call Transcript
ProAssurance Corporation (NYSE:PRA ) Q3 2022 Earnings Conference Call November 10, 2022 10:00 AM ET Company Participants Jason Gingerich - VP, IR Ned Rand - President and CEO Dana Hendricks - CFO Michael Boguski - President, Specialty, Property and Casualty...
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BIRMINGHAM, Ala.--(BUSINESS WIRE)--ProAssurance Corporation (NYSE: PRA) reports a net loss of $9.1 million, or $0.17 per diluted share, and an operating loss(1) of $3.0 million, or $0.06 per diluted share, for the three months ended September 30, 2022. Highlights -...
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