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, and Segregated Portfolio Cell Reinsurance segments.
It 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.
The company 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.
The company also participates in Syndicate 1729 at Lloyd's of London for underwriting. 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.
| Country | United States |
| Founded | 1976 |
| Industry | Insurance - Property & Casualty |
| Sector | Financials |
| Employees | 1,094 |
| CEO | Edward Rand |
Contact Details
Address: 100 Brookwood Place Birmingham, Alabama 35209 United States | |
| Phone | 205 877 4400 |
| Website | proassurance.com |
Stock Details
| Ticker Symbol | PRA |
| Exchange | NYSE |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| CIK Code | 0001127703 |
| CUSIP Number | 74267C106 |
| ISIN Number | US74267C1062 |
| Employer ID | 63-1261433 |
| SIC Code | 6331 |
Key Executives
| Name | Position |
|---|---|
| Edward Lewis Rand Jr., CPA | President, Chief Executive Officer and Director |
| Dana Shannon Hendricks CPA | Executive Vice President, Treasurer and Chief Financial Officer |
| Jeffrey Patton Lisenby Esq. | Executive Vice President, General Counsel, Corporate Secretary and Head of Corporate Legal Department |
| Robert David Francis | President of Healthcare Professional Liability |
| Kevin Merrick Shook CPA | President of Workers Compensation Insurance - Eastern Alliance Insurance Group |
| Lawrence K. Cochran | Chief Investment Officer, Head of Treasury and Vice President |
| Kathryn Anne Neville Esq. | Chief Compliance Officer and Vice President |
| Noreen L. Dishart CCP, SPHR | Chief Human Resources Officer and Executive Vice President |
| Darryl Keith Thomas | Senior Vice President and Chief Claims Officer |
| Luke Cicchinelli D.P.M. | Chief Medical Director |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Nov 14, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Nov 7, 2024 | 10-Q | Quarterly Report |
| Nov 7, 2024 | 8-K | Current Report |
| Aug 8, 2024 | 10-Q | Quarterly Report |
| Aug 8, 2024 | 8-K | Current Report |
| May 28, 2024 | 8-K | Current Report |
| May 23, 2024 | S-8 | Securities to be offered to employees in employee benefit plans |
| May 22, 2024 | S-8 | Securities to be offered to employees in employee benefit plans |
| May 22, 2024 | 8-K | Current Report |
| May 6, 2024 | DEFA14A | Additional definitive proxy soliciting materials and Rule 14(a)(12) material |