Proassurance Corporation chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 20.49
Dividend & Yield0.20$ (1.03%)
Beta 0.42
Market capitalization 1.06B
Operating cash flow N/A
ESG Scores unknown

Company description

ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company operates through Specialty Property and Casualty, Workers' Compensation Insurance, Segregated Portfolio Cell Reinsurance, and Lloyd's Syndicates segments. It offers professional liability insurance for healthcare providers and institutions, and attorneys; liability insurance for medical technology and life sciences risks; and workers' compensation insurance, 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. The company also participates in Lloyd's of London Syndicate 1729, which underwrites property and casualty insurance, and reinsurance. It markets its products through independent agencies and brokers, as well as an internal business development team. The company was founded in 1976 and is headquartered in Birmingham, Alabama.

Sector: Financial Services - Industry: Insurance—Property & Casualty

Financial Ratios
Quick Ratio2.56
Working Capital0.17
Return On Equity0.1
Debt To Equity0.3
Fixed Asset Ratio0.02
Fixed Interest Cover6.03

Financial data

Financial Statements

Cashflow Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Change To Liabilities -2.12M -51.54M -105.99M -11.01M
Total Cashflows From Investing Activities 50.52M -8.48M -85.53M -62M
Net Borrowings -1.45M -1.5M -36.11M
Total Cash From Financing Activities -103.79M -43.45M -60.62M -21.8M
Change To Operating Activities 169.07M 69.48M 47.68M -108.49M
Issuance Of Stock
Net Income 1M -175.73M 144.12M -402k
Change In Cash 94.9M 40.41M -72.18M -113.64M
Effect Of Exchange Rate
Total Cash From Operating Activities 148.17M 92.34M 73.97M -29.84M
Depreciation 18.66M 21.38M 37.25M 38.06M
Change To Account Receivables 11.93M 42.98M 71.2M -5M
Other Cashflows From Financing Activities -4.12M -935k -3.38M 1.14M
Change To Netincome -50.37M 185.77M -120.3M 57M
Capital Expenditures -9.59M -7.48M -3.84M -4.35M

Income Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Research Development
Income Before Tax -27.75M -215.31M 148.55M -4.46M
Net Income 1M -175.73M 144.12M -402k
Selling General Administrative 127.32M 127.32M 157.64M 174.16M
Gross Profit -6.53M 102.93M 261.56M 196.75M
Ebit -11.11M -38.69M 93.86M 15.91M
Operating Income -11.11M -38.69M 93.86M 15.91M
Interest Expense -16.64M -15.5M -19.72M -20.37M
Income Tax Expense -28.75M -39.58M 4.43M -4.05M
Total Revenue 999.83M 874.94M 1.12B 1.11B
Cost Of Revenue 1.01B 772.01M 862.85M 909.94M
Total Other Income ExpenseNet -16.64M -176.62M 54.69M -20.37M
Net Income From Continuing Ops 1M -175.73M 144.12M -402k
Net Income Applicable To Common Shares 1M -175.73M 144.12M -402k

Balance Sheet Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Total Liabilities 3.29B 3.31B 4.76B 4.6B
Total Stockholder Equity 1.51B 1.35B 1.43B 1.1B
Other Current Liabilities 485.52M 433.11M 503.12M 485.55M
Total Assets 4.81B 4.65B 6.19B 5.7B
Common Stock 631k 632k 633k 634k
Other Current Assets 403.45M 399.46M 466.34M 448.2M
Retained Earnings 1.51B 1.3B 1.43B 1.42B
Treasury Stock -379.01M -340.74M -399.68M -717.82M
Cash 175.37M 215.78M 143.6M 28.96M
Total Current Liabilities 538.47M 473.1M 525.74M 518.64M
Other Stockholder Equity 36.95M 75.23M 16.28M -298.61M
Property, Plant, and Equipment 21.07M 19.01M 19.59M 18.99M
Total Current Assets 1.52B 1.38B 1.36B 1.19B
Net Tangible Assets 1.23B 1.23B 1.31B 987.57M
Net Receivables 257.54M 220.29M 249M 254.09M
Accounts Payable 52.95M 40M 22.63M 28.51M


Insider Transactions

Here are the insider transactions of stock shares related to Proassurance Corporation:

Filer Name Transaction Text Ownership Date Filer Relation Shares
DI PIAZZA SAMUEL A. JR.Stock Award(Grant) at price 17.93 per share.D2023-01-10Director59
SPINOSA FRANK ANTHONYStock Award(Grant) at price 17.93 per share.D2023-01-10Director70
GORRIE MAGNUS JAMESStock Award(Grant) at price 17.93 per share.D2023-01-10Director70
WILSON THOMAS A.S. JR.Stock Award(Grant) at price 17.93 per share.D2023-01-10Director70
HAYDAR ZIAD RStock Award(Grant) at price 17.93 per share.D2023-01-10Director54
ANGIOLILLO BRUCE D.Stock Award(Grant) at price 17.93 per share.D2023-01-10Director49
VANCE KATISHA TERRELLStock Award(Grant) at price 17.93 per share.D2023-01-10Director45
ADKINS KEDRICK D. JR.Stock Award(Grant) at price 17.93 per share.D2023-01-10Director41
FREI MAYE HEADStock Award(Grant) at price 17.93 per share.D2023-01-10Director37
COBARRUBIAS FABILOAStock Award(Grant) at price 17.93 per share.D2023-01-10Director19
SYPHAX SCOTT C.Stock Award(Grant) at price 17.93 per share.D2023-01-10Director19
DI PIAZZA SAMUEL A. JR.Stock Award(Grant) at price 20.21 per share.D2022-10-13Director52
SPINOSA FRANK ANTHONYStock Award(Grant) at price 20.21 per share.D2022-10-13Director62
GORRIE MAGNUS JAMESStock Award(Grant) at price 20.21 per share.D2022-10-13Director62
WILSON THOMAS A.S. JR.Stock Award(Grant) at price 20.21 per share.D2022-10-13Director62
HAYDAR ZIAD RStock Award(Grant) at price 20.21 per share.D2022-10-13Director48
ANGIOLILLO BRUCE D.Stock Award(Grant) at price 20.21 per share.D2022-10-13Director43
VANCE KATISHA TERRELLStock Award(Grant) at price 20.21 per share.D2022-10-13Director39
ADKINS KEDRICK D. JR.Stock Award(Grant) at price 20.21 per share.D2022-10-13Director37
FREI MAYE HEADStock Award(Grant) at price 20.21 per share.D2022-10-13Director32
COBARRUBIAS FABILOAStock Award(Grant) at price 20.21 per share.D2022-10-13Director18
SYPHAX SCOTT C.Stock Award(Grant) at price 20.21 per share.D2022-10-13Director18
DI PIAZZA SAMUEL A. JR.Stock Award(Grant) at price 23.12 per share.D2022-06-29Director46
SPINOSA FRANK ANTHONYStock Award(Grant) at price 23.12 per share.D2022-06-29Director54
GORRIE MAGNUS JAMESStock Award(Grant) at price 23.12 per share.D2022-06-29Director54
WILSON THOMAS A.S. JR.Stock Award(Grant) at price 23.12 per share.D2022-06-29Director54
HAYDAR ZIAD RStock Award(Grant) at price 23.12 per share.D2022-06-29Director41
ANGIOLILLO BRUCE D.Stock Award(Grant) at price 23.12 per share.D2022-06-29Director37
VANCE KATISHA TERRELLStock Award(Grant) at price 23.12 per share.D2022-06-29Director34
ADKINS KEDRICK D. JR.Stock Award(Grant) at price 23.12 per share.D2022-06-29Director32
FREI MAYE HEADStock Award(Grant) at price 23.12 per share.D2022-06-29Director28
COBARRUBIAS FABILOAStock Award(Grant) at price 23.12 per share.D2022-06-29Director15
SYPHAX SCOTT C.Stock Award(Grant) at price 23.12 per share.D2022-06-29Director15
DI PIAZZA SAMUEL A. JR.Stock Award(Grant) at price 21.36 per share.D2022-05-24Director4.45k
SPINOSA FRANK ANTHONYStock Award(Grant) at price 21.36 per share.D2022-05-24Director4.45k
GORRIE MAGNUS JAMESStock Award(Grant) at price 21.36 per share.D2022-05-24Director4.45k
WILSON THOMAS A.S. JR.Stock Award(Grant) at price 21.36 per share.D2022-05-24Director4.45k
HAYDAR ZIAD RStock Award(Grant) at price 21.36 per share.D2022-05-24Director4.45k
ANGIOLILLO BRUCE D.Stock Award(Grant) at price 21.36 per share.D2022-05-24Director4.45k
VANCE KATISHA TERRELLStock Award(Grant) at price 21.36 per share.D2022-05-24Director4.45k
ADKINS KEDRICK D. JR.Stock Award(Grant) at price 21.36 per share.D2022-05-24Director4.45k
FREI MAYE HEADStock Award(Grant) at price 21.36 per share.D2022-05-24Director4.45k
COBARRUBIAS FABILOAStock Award(Grant) at price 21.36 per share.D2022-05-24Director4.45k
SYPHAX SCOTT C.Stock Award(Grant) at price 21.36 per share.D2022-05-24Director4.45k
DI PIAZZA SAMUEL A. JR.Stock Award(Grant) at price 26.26 per share.D2022-04-07Director31
SPINOSA FRANK ANTHONYStock Award(Grant) at price 26.26 per share.D2022-04-07Director39
GORRIE MAGNUS JAMESStock Award(Grant) at price 26.26 per share.D2022-04-07Director39
WILSON THOMAS A.S. JR.Stock Award(Grant) at price 26.26 per share.D2022-04-07Director39
HAYDAR ZIAD RStock Award(Grant) at price 26.26 per share.D2022-04-07Director28
ANGIOLILLO BRUCE D.Stock Award(Grant) at price 26.26 per share.D2022-04-07Director25
VANCE KATISHA TERRELLStock Award(Grant) at price 26.26 per share.D2022-04-07Director22

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Proassurance Corporation. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Proassurance Corporation

Here is the result of two systematic investment strategies applied to Proassurance Corporation. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Proassurance Corporation

The following chart shows the equity curve of the two systematic investment strategies applied to Proassurance Corporation:

Proassurance Corporation automated entries

The systematic investment strategy that buys the first day of the month would give a performance of -12.2% on the backtest period.

Performance at glance

Performance

-12.2 %

Latent gain

-280.27 $

Invested capital

2296.97 $

Annualized return

-2.95 %
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Momentum strategy results on Proassurance Corporation

This is the result of two momentum investment strategies applied to Proassurance Corporation. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Proassurance Corporation

The following chart shows all the entries opened by the momentum investment system on Proassurance Corporation:

Proassurance Corporation momentum entries
  • The first momentum investment strategy would give -9.65% of return on Proassurance Corporation. That represents -408.1$ of latent gain with 4230.45$ of employed capital.
  • The second momentum investment strategy would give -9.39% of return on Proassurance Corporation. That represents -282.01$ of latent gain with 3002.21$ of employed capital.
Performance at glance (1Q Momentum)

Performance

-9.65 %

Latent gain

-408.1 $

Invested capital

4230.45 $

Annualized return

-2.9 %
Performance at glance (2Q Momentum)

Performance

-9.39 %

Latent gain

-282.01 $

Invested capital

3002.21 $

Annualized return

-2.57 %

Momentum equity curve on Proassurance Corporation

The following chart shows the equity curve of the two momentum strategies applied to Proassurance Corporation:

Proassurance Corporation momentum equity

Note: the dividends potentially given by Proassurance Corporation are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Proassurance Corporation

The following chart shows the employed capital evolution of the two momentum strategies on Proassurance Corporation since the beginning:

Proassurance Corporation

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Proassurance Corporation

Buy the dip entry openings on Proassurance Corporation

Proassurance Corporation

The performance achieved by the robo-advisor on Proassurance Corporation is -6.2%. That represents -15.5$ of latent gain with 250.0$ of employed capital. The following chart shows Proassurance Corporation stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Proassurance Corporation, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

-6.2 %

Latent gain

-15.5 $

Invested capital

250.0 $

Annualized return

-2.9 %

Equity curve of the strategy applied to Proassurance Corporation

The following chart shows the result of the investment strategy applied to Proassurance Corporation:

Proassurance Corporation

Note: the dividends potentially given by Proassurance Corporation are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Proassurance Corporation

The following chart shows the employed capital evolution since the beginning of the investment strategy on Proassurance Corporation:

Proassurance Corporation

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Proassurance Corporation

In this section, I will compare the three previous investment strategies applied to Proassurance Corporation.

Equity curve comparison on Proassurance Corporation

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Proassurance Corporation investment strategy comparison

Employed capital comparison on Proassurance Corporation

Proassurance Corporation investment comparison

Performance comparison on Proassurance Corporation

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment -12.2% -280.27$ 2296.97$ -2.95%
Momentum 1 quarter -9.65% -408.1$ 4230.45$ -2.47%
Momentum 2 quarters -9.39% -282.01$ 3002.21$ -2.57%
Non-directional -6.2% -15.5$ 250.0$ -2.9%
Annualized return comparison

Automatic investment

-2.95 %

Momentum 1Q

-2.57 %

Momentum 2Q

-2.57 %

Non-directional

-2.9 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Proassurance Corporation:

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months


Note: The algorithm computes the probability of correlation between Proassurance Corporation and the other stocks. There may be false positives or some missing correlated stocks. If the price of Proassurance Corporation does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Proassurance Corporation
Country United States
City Birmingham
Address 100 Brookwood Place
Phone 205 877 4400
Website www.proassurance.com
FullTime employees
Industry Insurance—Property & Casualty
Sector Financial Services
Exchange XNYS
Ticker PRA
Market www.nyse.com

Proassurance Corporation ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown