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ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. It operates through Specialty Property and Casualty, Workers' Compensation Insurance, and Segregated Portfolio Cell Reinsurance segments. The company offers professional liability insurance to healthcare providers and institutions, and attorneys and their firms; medical technology liability insurance to medical technology and life sciences companies; and custom alternative risk solutions, including assumed reinsurance, loss portfolio transfers, and captive cell programs for healthcare professional liability insureds. It also provides workers' compensation insurance products, such as guaranteed cost policies, policyholder dividend policies, retrospectively rated policies, and deductible policies, as well as alternative market solutions that include program design, fronting, claims administration, risk management, SPC rental, asset management, and SPC management services for individual companies, agencies, groups, and associations. It markets its products through independent agencies and brokers, as well as an internal business development team. ProAssurance Corporation was founded in 1976 and is headquartered in Birmingham, Alabama.
Financial Resilience | ProAssurance outperforms expectations with Q2 2024 EPS of $0.23, showcasing strong financial health and market positioning despite industry challenges |
Strategic Discipline | Delve into ProAssurance's commitment to underwriting discipline and pricing strategy, balancing profitability with market competitiveness in key segments |
Market Headwinds | Explore how ProAssurance navigates industry-wide challenges, including large jury verdicts and severity inflation, while maintaining a cautious growth approach |
Future Prospects | Analysts project a $20 price target, with potential for accelerated book value growth through share repurchases and improved profitability as pricing actions take effect |
Metrics to compare | PRA | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipPRAPeersSector | |
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P/E Ratio | 28.7x | 11.5x | 9.6x | |
PEG Ratio | 0.11 | −0.19 | 0.03 | |
Price/Book | 1.0x | 1.1x | 1.0x | |
Price / LTM Sales | 1.1x | 0.7x | 2.9x | |
Upside (Analyst Target) | 5.0% | 21.7% | 11.2% | |
Fair Value Upside | Unlock | 0.2% | 1.9% | Unlock |