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6May 5, 2026·SEC
Feb 23, 2026·SEC
Dec 8, 2025·SEC
ProAssurance Corporation (PRA) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
ProAssurance Corporation (PRA) stock price & volume — 10-year historical chart
ProAssurance Corporation (PRA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
ProAssurance Corporation (PRA) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 23, 2026 | $0.82vs $0.22+272.7% | $232Mvs $231M+0.6% |
| Q4 2025 | Nov 4, 2025 | $0.15vs $0.28-46.4% | $275Mvs $261M+5.3% |
| Q3 2025 | Aug 5, 2025 | $0.52vs $0.19+173.7% | $277Mvs $266M+4.1% |
| Q2 2025 | May 6, 2025 | $0.13vs $0.19-31.6% | $272Mvs $272M-0.0% |
ProAssurance Corporation (PRA) competitors in Specialty and excess surplus insurers — business model, growth, and fundamentals comparison
ProAssurance Corporation (PRA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ProAssurance Corporation (PRA) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 858.12M | 877.08M | 1.01B | 886.86M | 1.08B | 1.1B | 1.13B | 1.13B | 1.1B |
| Revenue Growth % | -2.04% | 2.21% | 15.14% | -12.18% | 21.26% | 2.45% | 2.6% | -0.2% | -2.67% |
| Medical Costs & Claims | 564.91M | 697.71M | 869.25M | 772.01M | 862.85M | 909.94M | 935.31M | 874.87M | 665.42M |
| Medical Cost Ratio % | 65.83% | 79.55% | 86.07% | 87.05% | 80.23% | 82.59% | 82.74% | 77.55% | 60.6% |
| Gross Profit | 293.21M▲ 0% | 179.37M▼ 38.8% | 140.65M▼ 21.6% | 114.85M▼ 18.3% | 212.58M▲ 85.1% | 191.86M▼ 9.7% | 195.11M▲ 1.7% | 253.34M▲ 29.8% | 432.61M▲ 70.8% |
| Gross Margin % | 34.17% | 20.45% | 13.93% | 12.95% | 19.77% | 17.41% | 17.26% | 22.45% | 39.4% |
| Gross Profit Growth % | -14.86% | -38.82% | -21.59% | -18.34% | 85.1% | -9.75% | 1.69% | 29.84% | 70.77% |
| Operating Expenses | 164.58M | 150.35M | 169.45M | 331.9M | 65.97M | 198.08M | 234.26M | 190.26M | 360.54M |
| OpEx / Revenue % | 19.18% | 17.14% | 16.78% | 37.42% | 6.13% | 17.98% | 20.72% | 16.86% | 32.84% |
| Depreciation & Amortization | 28.8M | 21.25M | 18.66M | 21.38M | 37.25M | 38.06M | 26.02M | 17.75M | 13.69M |
| Combined Ratio % | 85.01% | 96.69% | 102.85% | 124.47% | 86.37% | 100.56% | 103.46% | 94.41% | 93.44% |
| Operating Income | 128.62M▲ 0% | 29.02M▼ 77.4% | -28.8M▼ 199.2% | -217.06M▼ 653.6% | 146.61M▲ 167.5% | -6.22M▼ 104.2% | -39.15M▼ 529.8% | 63.08M▲ 261.1% | 72.07M▲ 14.3% |
| Operating Margin % | 14.99% | 3.31% | -2.85% | -24.47% | 13.63% | -0.56% | -3.46% | 5.59% | 6.56% |
| Operating Income Growth % | -27% | -77.43% | -199.24% | -653.56% | 167.54% | -104.24% | -529.81% | 261.12% | 14.25% |
| EBITDA | 157.42M | 50.28M | -10.14M | -195.68M | 183.85M | 31.85M | -13.13M | 80.83M | 85.76M |
| EBITDA Margin % | 18.34% | 5.73% | -1% | -22.06% | 17.1% | 2.89% | -1.16% | 7.16% | 7.81% |
| Interest Expense | 16.84M | 16.12M | 16.64M | 15.5M | 19.72M | 20.37M | 23.15M | 22.34M | 20.84M |
| Non-Operating Income | -16.84M | -16.12M | -16.64M | -15.5M | -19.72M | -20.37M | -23.15M | -22.34M | -20.84M |
| Pretax Income | 128.62M▲ 0% | 29.02M▼ 77.4% | -28.8M▼ 199.2% | -217.06M▼ 653.6% | 146.61M▲ 167.5% | -6.22M▼ 104.2% | -39.15M▼ 529.8% | 63.08M▲ 261.1% | 72.07M▲ 14.3% |
| Pretax Margin % | 14.99% | 3.31% | -2.85% | -24.47% | 13.63% | -0.56% | -3.46% | 5.59% | 6.56% |
| Income Tax | 21.36M | -18.03M | -29.81M | -41.33M | 2.48M | -5.81M | -545K | 10.33M | 21.15M |
| Effective Tax Rate % | 16.61% | -62.13% | 103.49% | 19.04% | 1.69% | 93.53% | 1.39% | 16.38% | 29.35% |
| Net Income | 107.26M▲ 0% | 47.06M▼ 56.1% | 1M▼ 97.9% | -175.73M▼ 17602.7% | 144.12M▲ 182.0% | -402K▼ 100.3% | -38.6M▼ 9503.0% | 52.74M▲ 236.6% | 50.91M▼ 3.5% |
| Net Margin % | 12.5% | 5.37% | 0.1% | -19.81% | 13.4% | -0.04% | -3.42% | 4.68% | 4.64% |
| Net Income Growth % | -29% | -56.13% | -97.87% | -17602.69% | 182.02% | -100.28% | -9502.99% | 236.63% | -3.47% |
| EPS (Diluted) | 2.00▲ 0% | 0.88▼ 56.0% | 0.02▼ 97.9% | -3.26▼ 17626.9% | 2.67▲ 181.9% | -0.01▼ 100.3% | -0.73▼ 9764.9% | 1.03▲ 241.1% | 0.99▼ 3.9% |
| EPS Growth % | -29.33% | -56% | -97.89% | -17626.88% | 181.9% | -100.28% | - | 241.1% | -3.88% |
| EPS (Basic) | 2.01 | 0.88 | 0.02 | -3.26 | 2.67 | -0.01 | -0.73 | 1.03 | 0.99 |
| Diluted Shares Outstanding | 53.61M | 53.75M | 53.84M | 53.91M | 54.06M | 54.14M | 52.79M | 51.27M | 51.67M |
ProAssurance Corporation (PRA) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 4.93B | 4.6B | 4.81B | 4.65B | 6.19B | 5.7B | 5.63B | 5.57B | 5.45B |
| Asset Growth % | -2.68% | -6.66% | 4.45% | -3.14% | 33.01% | -7.94% | -1.19% | -1.02% | -2.28% |
| Total Investment Assets | 503.55M | 466.14M | 3.42B | 3.42B | 8.7B | 4.42B | 420.78M | 4.4B | 4.43B |
| Long-Term Investments | 503.55M | 466.14M | 3.29B | 3.27B | 4.64B | 512.69M | 420.78M | 376.56M | 4.43B |
| Short-Term Investments | 0 | 0 | 2.63B | 2.8B | 4.05B | 3.72B | 0 | 4.02B | 4.09B |
| Total Current Assets | 134.5M | 80.47M | 0 | 0 | 4.93B | 0 | 541.25M | 0 | 549.88M |
| Cash & Equivalents | 134.5M | 80.47M | 175.37M | 215.78M | 143.6M | 29.96M | 65.9M | 54.88M | 36.49M |
| Receivables | 0 | 0 | 652.99M | 600.85M | 707.43M | 693.3M | 235.57M | 656.2M | 227.76M |
| Other Current Assets | 0 | 0 | -3.5B | -3.65B | 0 | -4.47B | 239.78M | -4.58B | 0 |
| Goodwill & Intangibles | 293.73M | 287.52M | 281.48M | 115.33M | 122.95M | 116.41M | 65.8M | 59.7M | 54.04M |
| Goodwill | 210.72M | 210.72M | 210.72M | 49.61M | 49.61M | 49.61M | 5.5M | 5.5M | 5.5M |
| Intangible Assets | 83M | 76.8M | 70.76M | 65.72M | 73.34M | 66.8M | 60.31M | 54.2M | 48.54M |
| PP&E (Net) | 0 | 0 | 21.07M | 19.01M | 19.59M | 18.99M | 46.03M | 16.51M | 13.82M |
| Other Assets | 72.81M | 155.74M | -3.59B | -3.41B | 0 | -648.09M | 3.9B | -452.78M | -4.44B |
| Total Liabilities | 3.33B | 3.08B | 3.29B | 3.31B | 4.76B | 4.6B | 4.52B | 4.37B | 4.1B |
| Total Debt | 411.81M | 287.76M | 307.87M | 304.83M | 445.83M | 446.99M | 444.31M | 442.26M | 446.46M |
| Net Debt | 277.32M | 207.29M | 132.5M | 89.05M | 302.23M | 417.03M | 378.41M | 387.38M | 409.97M |
| Long-Term Debt | 410.42M | 287.76M | 285.82M | 284.71M | 424.99M | 426.98M | 427.13M | 299.87M | 420.42M |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 3.29M | 125M | 14.64M |
| Total Current Liabilities | 0 | 0 | 0 | 0 | 22.63M | 0 | 2.96B | 3.83B | 3.56B |
| Accounts Payable | 37.73M | 55.61M | 52.95M | 40M | 22.63M | 28.51M | 24.02M | 27.29M | 14.42M |
| Deferred Revenue | 0 | -1.45M | 0 | 0 | 0 | 422.95M | 0 | 418.76M | 0 |
| Other Current Liabilities | -351.94M | -151.22M | -125.39M | -108.86M | 0 | -451.46M | 2.93B | 3.26B | 3.53B |
| Deferred Taxes | 1000K | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | 1000K |
| Other Liabilities | 2.91B | 2.79B | -307.87M | -304.83M | 4.32B | 226.38M | 619.18M | 226.52M | 3.27B |
| Total Equity | 1.59B▲ 0% | 1.52B▼ 4.5% | 1.51B▼ 0.7% | 1.35B▼ 10.8% | 1.43B▲ 5.9% | 1.1B▼ 22.7% | 1.11B▲ 0.7% | 1.2B▲ 8.1% | 1.35B▲ 12.3% |
| Equity Growth % | -11.34% | -4.5% | -0.73% | -10.76% | 5.87% | -22.71% | 0.72% | 8.07% | 12.26% |
| Shareholders Equity | 1.59B | 1.52B | 1.51B | 1.35B | 1.43B | 1.1B | 1.11B | 1.2B | 1.35B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 1.61B | 1.57B | 1.51B | 1.3B | 1.43B | 1.42B | 1.38B | 1.43B | 1.49B |
| Common Stock | 628K | 630K | 631K | 632K | 633K | 634K | 636K | 638K | 640K |
| Accumulated OCI | 14.91M | -16.91M | 36.95M | 75.23M | 16.28M | -298.61M | -204.49M | -172.39M | -81.05M |
| Return on Equity (ROE) | 6.32% | 3.02% | 0.07% | -12.28% | 10.38% | -0.03% | -3.48% | 4.56% | 3.99% |
| Return on Assets (ROA) | 2.15% | 0.99% | 0.02% | -3.72% | 2.66% | -0.01% | -0.68% | 0.94% | 0.92% |
| Equity / Assets | 32.35% | 33.1% | 31.46% | 28.99% | 23.07% | 19.37% | 19.74% | 21.56% | 24.77% |
| Debt / Equity | 0.26x | 0.19x | 0.20x | 0.23x | 0.31x | 0.40x | 0.40x | 0.37x | 0.33x |
| Book Value per Share | 29.75 | 28.34 | 28.08 | 25.03 | 26.42 | 20.39 | 21.07 | 23.44 | 26.11 |
| Tangible BV per Share | 24.27 | 22.99 | 22.85 | 22.89 | 24.15 | 18.24 | 19.82 | 22.28 | 25.07 |
ProAssurance Corporation (PRA) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 173.39M | 177.26M | 148.17M | 92.34M | 73.97M | -29.84M | -49.88M | -10.71M | -25.62M |
| Operating CF Growth % | -3.13% | 2.24% | -16.42% | -37.68% | -19.9% | -140.34% | -67.17% | 78.52% | -139.1% |
| Operating CF / Revenue % | 20.21% | 20.21% | 14.67% | 10.41% | 6.88% | -2.71% | -4.41% | -0.95% | -2.33% |
| Net Income | 107.26M | 47.06M | 1M | -175.73M | 144.12M | -402K | -38.6M | 52.74M | 50.91M |
| Depreciation & Amortization | 28.8M | 21.25M | 18.66M | 21.38M | 37.25M | 38.06M | 26.02M | 17.75M | 13.69M |
| Stock-Based Compensation | 10.62M | 5.32M | 3.53M | 3.84M | 4.39M | 4.83M | 5.25M | 6.2M | 7.85M |
| Deferred Taxes | 0 | -11.82M | -28.64M | -21.15M | 1.32M | -6.62M | -1.77M | 12.82M | 16.79M |
| Other Non-Cash Items | -3.68M | 61.09M | -25.26M | 203.07M | -126.01M | 58.79M | 41.17M | -4.28M | 11.27M |
| Working Capital Changes | 30.39M | 54.37M | 178.87M | 60.93M | 12.9M | -124.5M | -81.94M | -95.96M | -126.13M |
| Cash from Investing | 200.28M | 214.9M | 50.52M | -8.48M | -85.53M | -62M | 141.14M | 10.67M | 19.44M |
| Capital Expenditures | 0 | -9.64M | -9.59M | -7.48M | -3.84M | -4.35M | -4.79M | -9.02M | -3.6M |
| Acquisitions | -42.69M | -70.82M | 216.7M | 0 | 0 | 0 | 0 | 39.68M | 19.38M |
| Purchase of Investments | -915.35M | -1.05B | -770.19M | 0 | -1.51B | -681.25M | -464.94M | -798.44M | -924.07M |
| Sale/Maturity of Investments | 1.11B | 1.07B | 597.59M | 0 | 1.35B | 656.2M | 586.17M | 778.45M | 907.45M |
| Other Investing | 50.35M | 282.18M | 16M | -1.01M | 78.31M | -32.59M | 24.69M | 0 | 20.27M |
| Cash from Financing | -356.51M | -446.19M | -103.79M | -43.45M | -60.62M | -21.8M | -55.31M | -10.97M | -12.2M |
| Dividends Paid | -315.23M | -316.48M | -93.2M | -38.66M | -10.76M | -10.77M | -5.38M | 0 | 0 |
| Share Repurchases | 0 | -1M | 0 | -2.35M | -10.38M | -3.25M | -50.49M | 0 | 0 |
| Stock Issued | 0 | 0 | 0 | 2.35M | 10.38M | 0 | 0 | 8K | 0 |
| Debt Issuance (Net) | -1000K | -1000K | -1000K | -1000K | -1000K | 0 | 0 | -1000K | -1000K |
| Other Financing | -4.75M | -5.31M | -9.14M | -935K | -3.38M | -7.79M | 552K | -6.29M | -5.95M |
| Net Change in Cash | 17.15M▲ 0% | -54.02M▼ 415.0% | 94.9M▲ 275.7% | 40.41M▼ 57.4% | -72.18M▼ 278.6% | -113.64M▼ 57.4% | 35.94M▲ 131.6% | -11.02M▼ 130.7% | -18.39M▼ 66.9% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 117.35M | 134.5M | 80.47M | 175.37M | 215.78M | 143.6M | 29.96M | 65.9M | 54.88M |
| Cash at End | 134.5M | 80.47M | 175.37M | 215.78M | 143.6M | 29.96M | 65.9M | 54.88M | 36.49M |
| Free Cash Flow | 162.9M▲ 0% | 167.63M▲ 2.9% | 138.58M▼ 17.3% | 84.86M▼ 38.8% | 70.13M▼ 17.4% | -34.19M▼ 148.8% | -54.67M▼ 59.9% | -19.73M▲ 63.9% | -29.22M▼ 48.1% |
| FCF Growth % | -3.07% | 2.9% | -17.33% | -38.76% | -17.36% | -148.76% | -59.9% | 63.91% | -48.08% |
| FCF Margin % | 18.98% | 19.11% | 13.72% | 9.57% | 6.52% | -3.1% | -4.84% | -1.75% | -2.66% |
| FCF per Share | 3.04 | 3.12 | 2.57 | 1.57 | 1.3 | -0.63 | -1.04 | -0.38 | -0.57 |
ProAssurance Corporation (PRA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Combined Ratio | 79.89% | 85.01% | 96.69% | 102.85% | 124.47% | 86.37% | 100.56% | 103.46% | 94.41% | 93.44% |
| Medical Cost Ratio | 60.69% | 65.83% | 79.55% | 86.07% | 87.05% | 80.23% | 82.59% | 82.74% | 77.55% | 60.6% |
| Return on Equity (ROE) | 8.04% | 6.32% | 3.02% | 0.07% | -12.28% | 10.38% | -0.03% | -3.48% | 4.56% | 3.99% |
| Return on Assets (ROA) | 3.03% | 2.15% | 0.99% | 0.02% | -3.72% | 2.66% | -0.01% | -0.68% | 0.94% | 0.92% |
| Equity / Assets | 35.51% | 32.35% | 33.1% | 31.46% | 28.99% | 23.07% | 19.37% | 19.74% | 21.56% | 24.77% |
| Book Value / Share | 33.65 | 29.75 | 28.34 | 28.08 | 25.03 | 26.42 | 20.39 | 21.07 | 23.44 | 26.11 |
| Debt / Equity | 0.25x | 0.26x | 0.19x | 0.20x | 0.23x | 0.31x | 0.40x | 0.40x | 0.37x | 0.33x |
| Revenue Growth | 14% | -2.04% | 2.21% | 15.14% | -12.18% | 21.26% | 2.45% | 2.6% | -0.2% | -2.67% |
ProAssurance Corporation (PRA) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 5, 2026·SEC
Feb 23, 2026·SEC
Dec 8, 2025·SEC
ProAssurance Corporation (PRA) stock FAQ — growth, dividends, profitability & financials explained
ProAssurance Corporation (PRA) saw revenue decline by 2.7% over the past year.
Yes, ProAssurance Corporation (PRA) is profitable, generating $50.9M in net income for fiscal year 2025 (4.6% net margin).
ProAssurance Corporation (PRA) has a return on equity (ROE) of 4.0%. This is below average, suggesting room for improvement.
ProAssurance Corporation (PRA) has a combined ratio of 93.4%. A ratio below 100% indicates underwriting profitability.
ProAssurance Corporation (PRA) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates