Proassurance's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Proassurance (PRA) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Proassurance vs Its Competitors
- TTM: Trailing 12-month revenue of 1,089M vs 888,406M combined for tracked competitors (0.1% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-3.5% annualized vs trailing 12 months), vs decelerating (-3.0%) for its tracked peer group.
- Growth: Proassurance generated -3.5% revenue growth year over year in Q1 2026, vs 4.4% for its tracked competitors combined.
- Profitability: Its 3.2% net margin compares with 11.2% for the peer group.
- Peer revenue share: Proassurance accounted for 0.1% of combined revenue among its tracked peer group, down from 0.1% a year earlier.
- Peer differentiation: Revenue per employee of $1.12M compares with $1.18M for the peer group (1.0x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
PRA Sales vs. its Competitors, Q1 2026
Proassurance reported revenue contraction of 3.47 % year on year in Q1 2026, below its competitors' combined revenue growth of 4.43 %.
With a net margin of 3.22 %, Proassurance reported lower profitability than its competitors (11.16 %).
Proassurance generated 0.12 % of the combined sales of its peer group, down from 0.13 % a year earlier.
Proassurance vs. its Competitors, Q1 2026
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Proassurance reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Proassurance and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Proassurance Corporation | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (4) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Proassurance's competitor groups requires a Commercial License.
For context: the Property & Casualty Insurance industry grew revenue 5.5% year over year, combined, vs -3.5% for Proassurance. Proassurance's share of combined industry revenue moved from 0.10% to 0.10%, a loss of 0.01 percentage points.
Proassurance's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Proassurance Corporation | Yes | No | No | No |
| Competitors combined (41) | ||||
| Similar Growth & Profitability (8) | 87.50 % (7 of 8) | 50.00 % (4 of 8) | 12.50 % (1 of 8) | 12.50 % (1 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
PRA Stock Performance relative to its Competitors
PRA Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | United Fire Group Inc | 282.9% | Outperformed |
| 2 | Universal Insurance Holdings Inc | 282.9% | Outperformed |
| 3 | Safety Insurance Group Inc | 282.9% | Outperformed |
| 4 | Travelers Companies inc | 282.9% | Outperformed |
| 5 | Hanover Insurance Group Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Proassurance's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Proassurance's Comment on Competition and Industry Peers
Publicly Traded Peers of Proassurance Corporation
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Proassurance Corporation | 1,295.28 | 1,088.58 |
| Progressive Corp | 127,641.86 | 91,055.00 |
| Travelers Companies inc | 82,037.12 | 48,921.00 |
| Metlife Inc | 65,181.64 | 79,403.00 |
| Allstate Corp | 64,225.71 | 70,137.00 |
| American International Group Inc | 43,080.81 | 26,636.00 |
| SUBTOTAL | 666,647.69 | 893,873.04 |
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Sources: Proassurance Corporation's official press releases and company reports; CSIMarket.com's market research; and the company reports and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Proassurance Corporation versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Proassurance's Competitors Named by the Company
Competitive relationships identified from Proassurance reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Syndicate 1729 | Company report | 85% |
| Syndicate 6131 | Company report | 85% |
| Kingsway Financial Services Inc | Company report | 85% |
| W R Berkley Corp | Company report | 85% |
| James River Group Holdings Inc | Company report | 85% |
| United Fire Group Inc | Company report | 85% |
| Presurance Holdings Inc | Company report | 85% |
| American Coastal Insurance Corporation | Company report | 85% |
| Hanover Insurance Group Inc | Company report | 85% |
| Global Indemnity Group Llc | Company report | 85% |
| Aspen Insurance Holdings Limited | Company report | 85% |
| Fg Nexus Inc | Company report | 85% |
| Travelers Companies inc | Company report | 85% |
| Tiptree Inc | Company report | 85% |
| Rli Corp | Company report | 85% |
| Enstar Group Ltd | Company report | 85% |
| Hallmark Financial Services inc | Company report | 85% |
| Kingstone Companies Inc | Company report | 85% |
| Arch Capital Group Ltd | Company report | 85% |
| Unico American Corporation | Company report | 85% |
| Hartford Financial Services Group Inc | Company report | 85% |
| Hci Group Inc | Company report | 85% |
| Safety Insurance Group Inc | Company report | 85% |
| Alleghany Corp | Company report | 85% |
| Old Republic International Corporation | Company report | 85% |
| Donegal Group Inc | Company report | 85% |
| Cincinnati Financial Corporation | Company report | 85% |
| Axis Capital Holdings Limited | Company report | 85% |
| Kemper Corporation | Company report | 85% |
| Allstate Corp | Company report | 85% |
| Universal Insurance Holdings Inc | Company report | 85% |
| The Hartford Insurance Group Inc | Company report | 85% |
| Heritage Insurance Holdings Inc | Company report | 85% |
| State Auto Financial Corporation | Company report | 85% |
| White Mountains Insurance Group ltd | Company report | 85% |
| Markel Group Inc | Company report | 85% |
| Selective Insurance Group Inc | Company report | 85% |
| Fednat holding company | Company report | 85% |
| National Security Group Inc. | Company report | 85% |
| Berkshire Hathaway Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Proassurance's named competitors require a Commercial License.
Methodology: relationships are extracted from Proassurance reports (named-competitor disclosures) and corroborating sources. Confidence reflects evidence strength.
Proassurance's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Proassurance Corporation | Specialty Property and Casualty 65.52 % |
| Travelers Companies inc | Business Insurance 47.23 % |
| Metlife Inc | Group Benefits 36.13 % |
| Allstate Corp | Allstate Protection 87.37 % |
| American International Group Inc | North America Operating 30.08 % |
| The Hartford Insurance Group Inc | P&C Business Insurance 55.32 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Proassurance's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Proassurance Corporation | 1,295 | 1,119,941 | 67,076 |
| Progressive Corp | 127,642 | 1,821,100 | 233,900 |
| Travelers Companies inc | 82,037 | 1,438,853 | 244,618 |
| Metlife Inc | 65,182 | 1,726,152 | 79,543 |
| Allstate Corp | 64,226 | 1,308,526 | 248,134 |
| American International Group Inc | 43,081 | 1,205,249 | 134,208 |
| PEERS TOTAL | 665,352 | 1,177,859 | 203,811 |
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Proassurance's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Brown and Brown Inc | US 86.46 % |
| Ncr Atleos Corporation | United States 47.84 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Proassurance's Position in Industry Market Structure
Market-capitalization share and concentration across all 65 companies in Proassurance's industry classification, broader than the peer set above. Market cap in millions of $.Proassurance ranks #0 of 65 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 3,522, indicating a highly concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 2 | Chubb Limited | 141,973 | 7.19 % |
| 3 | Progressive Corp | 127,642 | 6.46 % |
| 4 | Travelers Companies inc | 83,206 | 4.21 % |
| 5 | Allstate Corp | 64,226 | 3.25 % |
| 6 | American International Group Inc | 1,234 | 5.2% |
| 7 | The Hartford Insurance Group Inc | 1,234 | 5.2% |
| 8 | Arch Capital Group Ltd | 1,234 | 5.2% |
| 9 | W R Berkley Corp | 1,234 | 5.2% |
| 10 | Cincinnati Financial Corporation | 1,234 | 5.2% |
| 11 | Markel Group Inc | 1,234 | 5.2% |
| 0 | Proassurance Corporation | 1,295 | 0.00 % |
Market cap and industry share for the rest of Proassurance's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-07-02.
Proassurance's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Property & Casualty Insurance industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (89 companies). See the full Property & Casualty Insurance industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 28.33 % | 44.60 % (avg) | -16.3 pp |
| Operating Margin | 10.29 % | industry median | -22.2 pp |
| EBITDA Margin | 21.73 % | 22.01 % (avg) | -0.3 pp |
| Capital Intensity (Capex / Revenue) | 0.32 % | 1.01 % (avg) | -0.7 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Proassurance's Valuation vs Competitive Position
Valuation multiples vs the Property & Casualty Insurance industry average (89 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Property & Casualty Insurance industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 19.4x | 12.7x | +6.6x |
| EV / EBITDA | 7.0x | 5.0x | +2.0x |
| P/B | 1.0x | 2.1x | -1.1x |
| Return on Equity | 4.95 % | industry aggregate | -8.82 % |
| Return on Invested Capital | 3.02 % | 8.28 % (avg) | -5.26 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Proassurance's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 2.30 % | 12.84 % | -12.49 % | 28.51 % | -1.58 % | 2.76 % | 1.16 % | -4.55 % |
| Operating Margin | 20.15 % | 12.22 % | -22.33 % | 8.60 % | 1.71 % | -28.66 % | 7.66 % | 8.79 % |
| Return on Invested Capital | 4.41 % | 3.01 % | -5.31 % | 2.46 % | 0.36 % | -4.83 % | 1.29 % | 2.64 % |
| P/E | 44.1x | 1,744.6x | - | 9.2x | - | - | 15.5x | 24.3x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Proassurance's Strategic Group Map
Every company in Proassurance's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Proassurance is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Proassurance's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Low | Industry HHI of 3,522 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 0.32 % vs industry average 1.01 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Proassurance's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Proassurance's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Proassurance's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Proassurance falls in the High attractiveness / Low strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Proassurance's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Operating margin 22.2 points below the industry median.
- Return on equity 8.8 points below the industry aggregate.
- Latest-quarter revenue run-rate is decelerating (-3.5% annualized vs trailing 12 months).
Opportunities
No rule matched.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-3.0% annualized).
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Proassurance's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Proassurance Corporation | 0.01 | 0.31 | 0.32 |
| Progressive Corp | 0.06 | 1.06 | 0.23 |
| Travelers Companies inc | 0.01 | 1.08 | 0.29 |
| Metlife Inc | 0.08 | 0.29 | 0.70 |
| Allstate Corp | 0.02 | 0.15 | 0.25 |
| American International Group Inc | 0.04 | 1.44 | 0.17 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Proassurance's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Proassurance Corporation | Q1 2026 | -3.5 % | - |
| Progressive Corp | Q2 2026 | +7.3 % | +4.3 % |
| Travelers Companies inc | Q3 2026 | -0.5 % | +1.5 % |
| Metlife Inc | Q2 2026 | +10.5 % | +6.0 % |
| Allstate Corp | Q2 2026 | +11.8 % | +55.8 % |
| American International Group Inc | Q2 2026 | -0.1 % | -17.1 % |
| PEERS TOTAL | +8.0 % | +55.3 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Proassurance's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Proassurance Corporation | Q1 2026 | +535.5 % | -38.9 % |
| Progressive Corp | Q2 2026 | +1,027.3 % | +35.3 % |
| Travelers Companies inc | Q3 2026 | +0.4 % | - |
| Metlife Inc | Q2 2026 | +1,959.3 % | - |
| Allstate Corp | Q2 2026 | +6.1 % | - |
| American International Group Inc | Q2 2026 | +6.3 % | - |
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Proassurance's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Proassurance Corporation | 1.19% | 2.73% | 4.95% |
| Progressive Corp | 9.51% | 11.22% | 35.40% |
| Travelers Companies inc | 5.82% | 7.60% | 26.20% |
| Metlife Inc | 0.49% | 0.77% | 12.93% |
| Allstate Corp | 10.88% | 16.50% | 43.12% |
| American International Group Inc | 1.83% | 2.10% | 7.26% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Proassurance's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Proassurance Corporation | 19.84 | 1.19 |
| Progressive Corp | 10.96 | 1.40 |
| Travelers Companies inc | 10.26 | 1.68 |
| Metlife Inc | 19.34 | 0.82 |
| Allstate Corp | 4.96 | 0.92 |
| American International Group Inc | 14.92 | 1.62 |
| PEERS AVERAGE | 4.31 | 0.75 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.