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Proassurance Corporation  (PRA)
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Proassurance's Working Capital Ratio

PRA's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


Proassurance's Current Assets grew by 3.35 % in the IV Quarter 2023 sequentially, while Current Liabilities decreased, this led to improvement in Proassurance's Working Capital Ratio to 1.11, Working Capital Ratio remained below Proassurance Corporation average.

Within Property & Casualty Insurance industry 26 other companies have achieved higher Working Capital Ratio than Proassurance in forth quarter 2023. While Working Capital Ratio total ranking has improved so far during the IV Quarter 2023 to 1423, from total ranking in the third quarter 2023 at 1836.

Explain Working Capital Ratio
How much in Current Assets PRA´s has?
What is the value of PRA´s Current Liabilities?


PRA Working Capital Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities Change -2.12 % -4.34 % -4.36 % -3.65 % -2.86 %
Y / Y Current Assets Change 1.42 % -2.12 % -5.37 % -6.83 % -11.51 %
Working Capital Ratio MRQ 1.11 1.08 1.08 1.08 1.08
PRA's Total Ranking # 1423 # 1836 # 2202 # 2859 # 1631
Seq. Current Liabilities Change -0.07 % -0.59 % -1.36 % -0.11 % -2.33 %
Seq. Current Assets Change 3.35 % -1.28 % -1.35 % 0.77 % -0.26 %



Working Capital Ratio forth quarter 2023 Company Ranking
Within: No.
Property & Casualty Insurance Industry # 27
Financial Sector # 172
Overall Market # 1423


Working Capital Ratio Statistics
High Average Low
104.68 9.59 0.14
(Jun 30 2013)   (Jun 30 2018)




Financial Statements
Proassurance's Current Liabilities $ 3,425 Millions Visit PRA's Balance sheet
Proassurance's Current Assets $ 3,816 Millions Visit PRA's Balance sheet
Source of PRA's Sales Visit PRA's Sales by Geography


Cumulative Proassurance's Working Capital Ratio

PRA's Working Capital Ratio for the trailling 12 Months

PRA Working Capital Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities TTM Growth -2.12 % -4.34 % -4.36 % -3.65 % -2.86 %
Y / Y Current Assets TTM Growth 1.42 % -2.12 % -5.37 % -6.83 % -11.51 %
Working Capital Ratio TTM 1.09 1.08 1.07 1.08 1.09
Total Ranking TTM # 1597 # 2792 # 2084 # 2725 # 3295
Seq. Current Liabilities TTM Growth -0.07 % -0.59 % -1.36 % -0.11 % -2.33 %
Seq. Current Assets TTM Growth 3.35 % -1.28 % -1.35 % 0.77 % -0.26 %


On the trailing twelve months basis PRA Current Assets improved by 1.42 % in IV Quarter 2023 year on year, while Current Liabilities decreased to $3,425 millions, this led to increase in in Proassurance's Working Capital Ratio to 1.09, Working Capital Ratio remained below PRA average.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Property & Casualty Insurance industry 26 other companies have achieved higher Working Capital Ratio than Proassurance. While Working Capital Ratio overall ranking has improved so far to 1597, from total ranking during the twelve months ending third quarter 2023 at 2792.

Explain Working Capital Ratio
How much in Current Assets PRA´s has?
What is the value of PRA´s Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Property & Casualty Insurance Industry # 27
Financial Sector # 172
Within the Market # 1597


trailing twelve months Working Capital Ratio Statistics
High Average Low
104.68 9.59 0.14
(Jun 30 2013)   (Jun 30 2018)




Companies with similar Working Capital Ratio in the quarter ending Dec 31 2023, within Property & Casualty Insurance Industry Working Capital RatioDec 31 2023 MRQ Current AssetsDec 31 2023 MRQ Current Liabilities
Universal Insurance Holdings Inc   2.98 $ 1,680.738  Millions$ 564.663  Millions
Kinsale Capital Group Inc   2.74 $ 253.425  Millions$ 92.504  Millions
Mercury General Corporation  2.37 $ 7,027.448  Millions$ 2,960.921  Millions
Ambac Financial Group Inc   2.27 $ 2,310.000  Millions$ 1,018.000  Millions
American Financial Group Inc   2.24 $ 31,985.000  Millions$ 14,273.000  Millions
Assurant Inc   2.15 $ 11,230.800  Millions$ 5,212.000  Millions
Everest Group Ltd   1.62 $ 40,870.000  Millions$ 25,254.000  Millions
Hippo Holdings Inc   1.57 $ 917.400  Millions$ 582.600  Millions
Selective Insurance Group Inc   1.56 $ 8,357.420  Millions$ 5,343.162  Millions
Cincinnati Financial Corporation  1.56 $ 14,146.000  Millions$ 9,050.000  Millions
Rli Corp  1.51 $ 3,959.922  Millions$ 2,630.169  Millions
Travelers Companies inc   1.49 $ 91,737.000  Millions$ 61,627.000  Millions
Chubb Limited  1.26 $ 133,627.000  Millions$ 105,678.000  Millions
Kemper Corporation  1.22 $ 7,429.700  Millions$ 6,102.900  Millions
Axis Capital Holdings Limited  1.18 $ 2,148.238  Millions$ 1,818.812  Millions
Proassurance Corporation  1.11 $ 3,816.402  Millions$ 3,425.300  Millions
Progressive Corp  1.00 $ 6,968.700  Millions$ 7,002.200  Millions
Loews Corp  0.73 $ 14,455.000  Millions$ 19,816.000  Millions
Lemonade inc   0.70 $ 184.200  Millions$ 262.300  Millions
Maiden Holdings Ltd   0.69 $ 602.505  Millions$ 867.433  Millions
White Mountains Insurance Group ltd   0.66 $ 1,112.700  Millions$ 1,686.200  Millions
American International Group Inc   0.60 $ 37,425.000  Millions$ 61,932.000  Millions
Cna Financial Corporation  0.36 $ 5,266.000  Millions$ 14,509.000  Millions
Horace Mann Educators Corporation  0.36 $ 2,496.600  Millions$ 6,948.800  Millions
Fidelis Insurance Holdings Limited  0.32 $ 895.100  Millions$ 2,783.400  Millions
W R Berkley Corp  0.28 $ 5,403.925  Millions$ 19,418.341  Millions
Palomar Holdings Inc   0.24 $ 83.718  Millions$ 349.530  Millions

Date modified: 2024-02-28T14:10:55+00:00



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