ProAssurance Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Investments in Debt Securities	3,662	3,571	3,494	3,472	3,834	2,458
Investments in Equity & Preferred Securities	253.09	259.54	276.76	305.21	335.58	310.53
Other Investments	300.65	262.19	301.6	341.08	318.78	384.88
Total Investments	4,354	4,311	4,305	4,336	4,778	3,352
Cash & Equivalents	54.46	54.88	65.9	29.96	143.6	215.78
Reinsurance Recoverable	381.45	427.3	466.7	447.2	466.34	399.46
Other Receivables	255.68	228.9	235.57	254.09	249	220.3
Deferred Policy Acquisition Cost	59.9	59.03	60.34	58.15	58.94	47.2
Property, Plant & Equipment	14.49	16.51	16.28	18.99	19.6	19.01
Goodwill	5.5	5.5	5.5	49.61	49.61	49.61
Other Intangible Assets	49.82	54.21	60.31	66.84	73.34	65.72
Other Current Assets	39.16	30.92	31.15	29.12	24.57	35.89
Long-Term Deferred Tax Assets	132.95	163.93	186.16	209.54	117.61	57.11
Other Long-Term Assets	205.05	222.18	198.82	200.6	211.33	192.38
Total Assets	5,552	5,574	5,632	5,700	6,191	4,655
Insurance & Annuity Liabilities	3,119	3,258	3,401	3,471	3,580	2,417
Unearned Premiums	458.38	418.76	433.72	422.95	433.96	361.55
Reinsurance Payable	26.09	27.29	24.02	28.51	22.63	40
Current Portion of Long-Term Debt	-	-	-	249.46	-	-
Current Portion of Leases	-	3.31	-	-	-	-
Long-Term Debt	421.52	424.87	427.13	177.53	424.99	284.71
Long-Term Leases	15.32	14.08	17.18	20.01	20.84	20.12
Other Current Liabilities	1.54	-	-	-	66.46	71.56
Other Long-Term Liabilities	206.13	226.52	216.62	226.38	214.28	110.48
Total Liabilities	4,248	4,373	4,520	4,596	4,763	3,306
Common Stock	0.64	0.64	0.64	0.63	0.63	0.63
Additional Paid-In Capital	411.88	408.47	403.55	397.92	392.94	388.15
Retained Earnings	1,452	1,435	1,382	1,423	1,434	1,301
Treasury Stock	-469.69	-469.69	-469.7	-419.21	-415.96	-415.96
Comprehensive Income & Other	-90.84	-172.39	-204.49	-298.61	16.28	75.23
Shareholders' Equity	1,304	1,202	1,112	1,104	1,428	1,349
Total Liabilities & Equity	5,552	5,574	5,632	5,700	6,191	4,655
Filing Date Shares Outstanding	51.41	51.16	50.97	53.96	53.99	53.89
Total Common Shares Outstanding	51.41	51.16	50.97	53.96	53.98	53.89
Total Debt	436.84	442.26	444.31	446.99	445.83	304.83
Net Cash (Debt)	-382.39	-387.38	-378.41	-417.03	-302.23	-89.05
Net Cash Per Share	-7.41	-7.56	-7.17	-7.70	-5.59	-1.65
Book Value Per Share	25.37	23.49	21.82	20.46	26.46	25.04
Tangible Book Value	1,249	1,142	1,046	987.57	1,305	1,234
Tangible Book Value Per Share	24.29	22.32	20.53	18.30	24.18	22.90

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.