ProAssurance Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Premiums Earned	934.24	968.25	977.4	1,030	971.67
Investment Income	156.5	144.54	128.42	95.97	70.52
Net Gains on Investments	-5.49	1.9	13.83	-33.16	24.31
Total Other Revenues	16.28	22.2	6.79	4.89	48.97
Revenue	1,098	1,150	1,137	1,107	1,124
Revenue Growth (YoY)	-4.55%	1.16%	2.76%	-1.58%	28.51%
Insurance Benefits & Claims	665.42	739.44	800.49	776.76	752.25
Policy Amortization Costs	131.32	135.43	134.81	133.18	110.61
Other Operating Expenses	199.1	183.91	210.04	174.16	157.64
Operating Income	102.19	91.63	-8.14	22.59	103.92
Interest Expense	-20.84	-22.34	-23.15	-20.37	-19.72
Other Non-Operating Income (Expense)	-	-	-	-	74.41
Total Non-Operating Income (Expense)	-20.84	-22.34	-23.15	-20.37	54.69
Pretax Income	72.07	63.08	-39.15	-6.22	146.61
Provision for Income Taxes	21.15	10.33	-0.55	-5.81	2.48
Net Income	50.92	52.74	-38.6	-0.4	144.12
Minority Interest in Earnings	6.87	4.44	6.23	6.67	10.05
Net Income to Common	50.92	52.74	-38.6	-0.4	144.12
Net Income Growth	-3.47%	-	-	-	-
Shares Outstanding (Basic)	51	51	53	54	54
Shares Outstanding (Diluted)	52	51	53	54	54
Shares Change (YoY)	0.79%	-2.88%	-2.50%	0.15%	0.28%
EPS (Basic)	0.99	1.03	-0.73	-0.01	2.67
EPS (Diluted)	0.99	1.03	-0.73	-0.01	2.67
EPS Growth	-3.88%	-	-	-	-
Free Cash Flow	-29.22	-19.73	-54.68	-34.19	70.13
Free Cash Flow Growth	-	-	-	-	-17.36%
Free Cash Flow Per Share	-0.57	-0.38	-1.04	-0.63	1.30
Dividends Per Share	-	-	0.050	0.200	0.200
Dividend Growth	-	-	-75.00%	-	-56.52%
Operating Margin	9.31%	7.97%	-0.72%	2.04%	9.24%
Profit Margin	4.64%	4.58%	-3.39%	-0.04%	12.82%
FCF Margin	-2.66%	-1.72%	-4.81%	-3.09%	6.24%
EBITDA	115.88	109.38	17.88	60.65	141.16
EBITDA Margin	10.55%	9.51%	1.57%	5.48%	12.55%
EBIT	102.19	91.63	-8.14	22.59	103.92
EBIT Margin	9.31%	7.97%	-0.72%	2.04%	9.24%
Effective Tax Rate	29.35%	16.38%	1.39%	93.53%	1.69%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Insurance template. Financial Sources.

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