Proassurance Corporation (NYSE: PRA) |
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Price: $14.8300
$-0.39
-2.562%
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Day's High:
| $15.19
| Week Perf:
| 0.68 %
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Day's Low: |
$ 14.79 |
30 Day Perf: |
-3.7 % |
Volume (M): |
192 |
52 Wk High: |
$ 17.79 |
Volume (M$): |
$ 2,853 |
52 Wk Avg: |
$13.99 |
Open: |
$15.19 |
52 Wk Low: |
$10.76 |
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Market Capitalization (Millions $) |
760 |
Shares
Outstanding (Millions) |
51 |
Employees |
1,094 |
Revenues (TTM) (Millions $) |
1,157 |
Net Income (TTM) (Millions $) |
43 |
Cash Flow (TTM) (Millions $) |
-17 |
Capital Exp. (TTM) (Millions $) |
8 |
Proassurance Corporation
ProAssurance Corporation is a holding company for property and casualty insurance
companies. Our mission is to be the best in the world at understanding and providing
solutions for the risks our customers encounter as healers, innovators, employers,
and professionals. Through an integrated family of specialty companies, products
and services, we will be a trusted partner enabling those we serve to focus
on their vital work. As the employer of choice, we embrace every day as a singular
opportunity to reach for extraordinary outcomes, build and deepen superior relationships,
and accomplish our mission with infectious enthusiasm and unbending integrity.
Our wholly owned insurance subsidiaries provide professional liability insurance
for healthcare professionals and facilities, professional liability insurance
for attorneys, liability insurance for medical technology and life sciences
risks, workers compensation insurance, and we are the majority capital provider
for Lloyds of London Syndicate 1729, which writes a range of property and casualty
insurance and reinsurance lines.
Our executive offices are located at 100 Brookwood Place, Birmingham, Alabama
35209 and our telephone number is (205) 877-4400. Our stock trades on the NYSE
under the symbol “PRA.” Our website is www.ProAssurance.com and
we maintain a dedicated Investor Relations section on that website (Investor.ProAssurance.com)
to provide specialized resources for investors and others seeking to learn more
about us.
Our business objectives are to generate attractive returns on equity and book
value per share growth for our shareholders. The basic components of our strategy
for achieving these objectives are as follows:
Serve a broad spectrum of the healthcare market, providing specialized expertise
to meet evolving demands. In addition to providing traditional products to healthcare
providers in a number of professions, we are also leveraging our reach, expertise
and financial strength to provide innovative and customized products to meet
the risk management needs of larger organizations or groups.
Effectively manage capital. We carefully monitor use of our capital and consider
various options for capital deployment, such as business expansion by our existing
subsidiaries, opportunities that arise for mergers or acquisitions, share repurchases
and payment of dividends.
Pursue profitable underwriting opportunities. We emphasize profitability, not
market share. Key elements of our approach are prudent risk selection using
established underwriting guidelines, appropriate pricing and adjusting our business
mix as appropriate to effectively utilize capital and achieve market synergies.
Emphasize risk management. We seek to reduce risk at the corporate level by
actively managing our enterprise risk and by maintaining strong internal controls.
We also emphasize the importance of risk management to our insureds and offer
training in the use of risk reduction tools and techniques.
Manage claims effectively. Our experienced claims teams have industry and insurance
expertise that, with our extensive local knowledge, allows us to resolve claims
in an effective manner, considering the circumstances of each claim. When practical,
we utilize formalized claims management processes and protocols as a means of
reducing claim costs.
Provide superior customer service. Our mission statement, We Exist to Protect
Others, goes hand-in-hand with our corporate motto, "Treated Fairly."
Our employees demonstrate our core values of integrity, relationships, leadership
and enthusiasm every day and are focused on meeting the needs of our customers.
Maintain a conservative investment strategy. We believe that we follow a conservative
investment strategy designed to emphasize the preservation of our capital and
provide adequate liquidity for the prompt payment of claims. Our investment
portfolio consists primarily of investment-grade, fixed-maturity securities
of short-to medium-term duration.
Maintain financial stability. We are committed to maintaining claims paying
ratings of "A" or better.
We operate through multiple insurance organizations and report our operating
results in four segments, as follows:
Specialty Property and Casualty Segment - This segment includes our professional
liability business and our medical technology and life sciences business.
Workers Compensation Segment - This segment includes our workers compensation
business which we provide for employers, groups and associations.
Lloyds Syndicate Segment - This segment includes operating results from our
participation in Lloyds Syndicate 1729.
Corporate Segment - This segment includes our investing operations managed at
the corporate level, non-premium revenues generated outside of our insurance
entities, and corporate expenses, including interest and U.S. income taxes
Company Address: 100 Brookwood Place, Birmingham, 35209 AL
Company Phone Number: 877-4400 Stock Exchange / Ticker: NYSE PRA
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Customers Net Income grew by |
PRA's Customers Net Profit Margin grew to |
44.21 % |
6.76 %
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Stock Performances by Major Competitors |
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Proassurance Corporation
ProAssurance Corporation, a leading provider of medical professional liability insurance, has reported its financial results for the fourth quarter of 2023 and the first quarter of 2024. While the company experienced some challenges in the fourth quarter, it has seen improvements in the first quarter of 2024. In the fourth quarter of 2023, ProAssurance reported a net income of $6.4 million, or $0.12 per diluted share. However, the company had an operating loss of $2.5 million, or $0.05 per diluted share. Despite the operating loss, ProAssurance saw some positive developments, including a 103% increase in new business written, totaling $24 million. Additionally, the company experienced favorable prior accident year reserve development of $3 million, primarily driven by its Segregated Portfolio Cell Reinsurance segment.
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Proassurance Corporation
The stock market is an ever-changing landscape that requires constant attention and analysis. Investors are always on the lookout for interesting facts and trends that can help inform their investment decisions. In this article, we will highlight some key points from ProAssurance Corporation's recent fiscal period, shedding light on both positive and negative aspects of the company's performance. One of the standout figures from ProAssurance Corporation's most recent fiscal period is its revenue growth of 0.764%. While this may seem like a modest increase, it is noteworthy considering the overall income contraction of -51.37% during the same period. This income contraction is a cause for concern and may raise alarm bells for investors. It is important to analyze the reasons behind this decline and assess whether it is a temporary setback or a more long-term issue.
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Proassurance Corporation
Proassurance Corporation Faces Financial Challenges while Stock Gains Momentum Proassurance Corporation, a leading provider of medical professional liability insurance, recently released its financial report for the fiscal period ending September 30, 2023. While there were some positive elements, the company also faced several setbacks, indicating a challenging period for the organization. One of the key highlights of the financial report is the company's significant increase in loss per share. The loss per share for the period rose to $-0.95 compared to $-0.17 in the previous year. This represents a substantial decline in profitability, which may concern investors and stakeholders. Additionally, Proassurance Corporation saw a decline in income per share, falling from $0.20 to an undisclosed figure.
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Proassurance Corporation
Proassurance Corporation, a prominent insurance company, has recently reported impressive financial results, indicating significant progress in its performance. This article analyzes the company's recent gains and financial outcomes, highlighting their potential impact on the company's future growth prospects. Solid Stock Performance: Proassurance Corporation's stock showcased remarkable gains, rising by 9.14% in the past five trading days and 23.13% over the past 12 months. While the stock currently trades slightly below its 52-week average on the NYSE, the overall positive trend suggests investor confidence in the company's future.
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Proassurance Corporation
Proassurance Corporation is a well-known name in the financial sector, known for providing professional liability insurance and risk management services. However, the first quarter of 2023 did not bring favourable results for the company, as it recorded a cumulative net loss of $-3 million and a negative ROI of -0.06%. This negative result has put Proassurance Corporation behind several other companies in the financial sector, with 662 companies having a higher ROI than Proassurance Corporation. However, it is important to note that Proassurance Corporation has improved its overall ranking in the ROI category from 2640 in the fourth quarter of 2022 to 2061 in the first quarter of 2023.
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Per Share |
Current |
Earnings (TTM) |
0.84 $ |
Revenues (TTM) |
22.57 $
|
Cash Flow (TTM) |
- |
Cash |
77.27 $
|
Book Value |
24.01 $
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Dividend (TTM) |
0 $ |
|
Per Share |
|
Earnings (TTM) |
0.84 $
|
Revenues (TTM) |
22.57 $ |
Cash Flow (TTM) |
- |
Cash |
77.27 $
|
Book Value |
24.01 $ |
Dividend (TTM) |
0 $ |
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