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Last $48.28 USD
Change Today -0.30 / -0.62%
Volume 333.8K
PRA On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

proassurance corp (PRA) Snapshot

Open
$48.56
Previous Close
$48.58
Day High
$48.80
Day Low
$48.04
52 Week High
08/19/15 - $50.54
52 Week Low
10/15/14 - $40.99
Market Cap
2.6B
Average Volume 10 Days
304.2K
EPS TTM
$2.98
Shares Outstanding
53.7M
EX-Date
06/23/15
P/E TM
16.2x
Dividend
$1.24
Dividend Yield
8.03%
Current Stock Chart for PROASSURANCE CORP (PRA)

proassurance corp (PRA) Related Businessweek News

No Related Businessweek News Found

proassurance corp (PRA) Details

ProAssurance Corporation, an insurance holding company, provides property and casualty insurance, and reinsurance products in the United States. The company operates through four segments: Specialty Property and Casualty, Workers' Compensation, Lloyd's Syndicate, and Corporate. It offers professional liability insurance for healthcare professionals and facilities; professional liability insurance for attorneys; liability insurance for medical technology and life sciences risks; and workers' compensation insurance for employers, groups, and associations. The company markets its products through independent agencies and brokers, as well as an internal sales force. ProAssurance Corporation was founded in 1976 and is based in Birmingham, Alabama.

967 Employees
Last Reported Date: 02/24/15
Founded in 1976

proassurance corp (PRA) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $906.1K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $496.6K
Chief Underwriting Officer, Chief Actuary, Ex...
Total Annual Compensation: $543.3K
President of Medmarc Casualty Insurance Compa...
Total Annual Compensation: $420.2K
President of Podiatric Insurance Company of A...
Total Annual Compensation: $371.1K
Compensation as of Fiscal Year 2014.

proassurance corp (PRA) Key Developments

Proassurance Corporation Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

ProAssurance Corporation announced consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported gross premiums written of $194,097,000 compared to $187,051,000 a year ago. Net premiums written was $171,133,000 compared to $168,624,000 a year ago. Net premiums earned was $175,293,000 compared to $176,303,000 a year ago. Net investment income was $27,955,000 compared to $30,225,000 a year ago. Total revenues were $203,416,000 compared to $222,447,000 a year ago. Net income was $33,158,000 or $0.60 per diluted share compared to $49,942,000 or $0.84 per diluted share a year ago. Operating income was $35,695,000 or $0.64 per diluted share compared to $40,939,000 or $0.69 per diluted share a year ago. Return on equity was 6.3% compared to 8.5% a year ago. Total revenues for the second quarter were 9% lower than last year's second quarter, primarily due to net realized investment losses of $4 million compared to net realized investment gains of $13 million in 2014. Gross premiums written increased quarter-over-quarter due to a 6% increase in Workers' Compensation segment and a 25% increase in Lloyd's segment. Operating cash flow for the second quarter of 2015 was $16.9 million, an increase of $18.2 million over the second quarter of 2014, primarily due to lower payments for losses and taxes, plus positive cash flows from Lloyd's Syndicate not present in 2014. For the six months, the company reported gross premiums written of $415,438,000 compared to $405,324,000 a year ago. Net premiums written was $368,746,000 compared to $367,665,000 a year ago. Net premiums earned was $347,192,000 compared to $348,032,000 a year ago. Net investment income was $55,258,000 compared to $59,957,000 a year ago. Total revenues were $411,247,000 compared to $430,498,000 a year ago. Net income was $70,972,000 or $1.26 per diluted share compared to $96,673,000 or $1.59 per diluted share a year ago. Operating income was $70,402,000 or $1.25 per diluted share compared to $85,890,000 or $1.42 per diluted share a year ago. Return on equity was 6.7% compared to 8.1% a year ago. Book value per share as at June 30, 2015 was $38.09 compared to $37.17 a year ago.

ProAssurance Corporation to Report Q2, 2015 Results on Aug 06, 2015

ProAssurance Corporation announced that they will report Q2, 2015 results After-Market on Aug 06, 2015

ProAssurance Corporation, Q2 2015 Earnings Call, Aug 07, 2015

ProAssurance Corporation, Q2 2015 Earnings Call, Aug 07, 2015

 

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Industry Analysis

PRA

Industry Average

Valuation PRA Industry Range
Price/Earnings 16.2x
Price/Sales 3.2x
Price/Book 1.3x
Price/Cash Flow 15.2x
TEV/Sales 2.0x
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