ProAssurance Income Statement

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
Premiums & Annuity Revenue	943.16	968.25	977.4	1,030	971.67	792.72
Total Interest & Dividend Income	153.14	144.54	128.42	95.97	70.52	72
Gain (Loss) on Sale of Investments	-3.87	1.9	13.83	-33.16	24.31	15.68
Other Revenue	27.96	28.98	20.56	14.29	57.91	-5.45
Total Revenue	1,120	1,144	1,140	1,107	1,124	874.94
Revenue Growth (YoY)	-3.59%	0.30%	3.03%	-1.58%	28.51%	-12.49%
Policy Benefits	718.51	739.44	800.49	776.76	752.25	661.45
Policy Acquisition & Underwriting Costs	134.32	135.43	134.81	133.18	110.61	110.57
Selling, General & Administrative	177.56	183.59	166.23	172.3	157.64	127.32
Other Operating Expenses	5.73	4.44	6.23	6.67	10.05	14.3
Total Operating Expenses	1,036	1,063	1,108	1,089	1,031	913.63
Operating Income	84.28	80.78	32.43	17.78	93.87	-38.69
Interest Expense	-20.96	-22.34	-23.15	-20.37	-19.72	-15.5
Currency Exchange Gain (Loss)	-1.9	6.73	-2.99	-	-	-
EBT Excluding Unusual Items	61.42	65.16	6.29	-2.6	74.15	-54.2
Merger & Restructuring Charges	-14.58	-0.32	-3.5	-1.86	-	-
Impairment of Goodwill	-	-	-44.11	-	-	-161.12
Other Unusual Items	-	-	3.8	-	74.41	-
Pretax Income	46.84	64.84	-37.52	-4.46	148.55	-215.31
Income Tax Expense	13.13	12.1	1.08	-4.05	4.43	-39.58
Net Income	33.71	52.74	-38.6	-0.4	144.12	-175.73
Net Income to Common	33.71	52.74	-38.6	-0.4	144.12	-175.73
Net Income Growth	-21.51%	-	-	-	-	-
Shares Outstanding (Basic)	51	51	53	54	54	54
Shares Outstanding (Diluted)	52	51	53	54	54	54
Shares Change (YoY)	0.54%	-2.88%	-2.50%	0.15%	0.28%	0.12%
EPS (Basic)	0.66	1.03	-0.73	-0.01	2.67	-3.26
EPS (Diluted)	0.66	1.03	-0.73	-0.01	2.67	-3.26
EPS Growth	-21.66%	-	-	-	-	-
Free Cash Flow	-18.61	-19.73	-54.68	-34.19	70.13	84.87
Free Cash Flow Per Share	-0.36	-0.39	-1.04	-0.63	1.30	1.57
Dividend Per Share	-	-	0.050	0.200	0.200	0.460
Dividend Growth	-	-	-75.00%	-	-56.52%	-62.90%
Operating Margin	7.52%	7.06%	2.84%	1.61%	8.35%	-4.42%
Profit Margin	3.01%	4.61%	-3.39%	-0.04%	12.82%	-20.08%
Free Cash Flow Margin	-1.66%	-1.73%	-4.79%	-3.09%	6.24%	9.70%
EBITDA	99.05	98.53	58.45	55.84	131.11	-17.32
EBITDA Margin	8.84%	8.62%	5.13%	5.05%	11.66%	-1.98%
D&A For EBITDA	14.78	17.75	26.02	38.06	37.25	21.38
EBIT	84.28	80.78	32.43	17.78	93.87	-38.69
EBIT Margin	7.52%	7.06%	2.84%	1.61%	8.35%	-4.42%
Effective Tax Rate	28.02%	18.66%	-	-	2.98%	-
Revenue as Reported	1,118	1,150	1,137	1,107	1,124	874.94

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

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