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
Premiums & Annuity Revenue	934.24	968.25	977.4	1,030	971.67
Total Interest & Dividend Income	156.5	144.54	128.42	95.97	70.52
Gain (Loss) on Sale of Investments	-5.49	1.9	13.83	-33.16	24.31
Other Revenue	23.66	28.98	17.57	14.29	57.91
Total Revenue	1,109	1,144	1,137	1,107	1,124
Revenue Growth (YoY)	-3.04%	0.57%	2.76%	-1.58%	28.51%
Policy Benefits	665.42	739.44	800.49	776.76	752.25
Policy Acquisition & Underwriting Costs	131.32	135.43	134.81	133.18	110.61
Selling, General & Administrative	182.75	183.59	165.93	172.3	157.64
Other Operating Expenses	6.87	4.44	6.23	6.67	10.05
Total Operating Expenses	986.36	1,063	1,107	1,089	1,031
Operating Income	122.55	80.78	29.74	17.78	93.87
Interest Expense	-20.84	-22.34	-23.15	-20.37	-19.72
Currency Exchange Gain (Loss)	-10.88	6.73	-	-	-
EBT Excluding Unusual Items	90.83	65.16	6.59	-2.6	74.15
Merger & Restructuring Charges	-16.35	-0.32	-	-1.86	-
Impairment of Goodwill	-	-	-44.11	-	-
Other Unusual Items	-	-	-	-	74.41
Pretax Income	74.48	64.84	-37.52	-4.46	148.55
Income Tax Expense	23.57	12.1	1.08	-4.05	4.43
Net Income	50.92	52.74	-38.6	-0.4	144.12
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 Per Share	-0.56	-0.39	-1.04	-0.63	1.30
Dividend Per Share	-	-	0.050	0.200	0.200
Dividend Growth	-	-	-75.00%	-	-56.52%
Operating Margin	11.05%	7.06%	2.61%	1.61%	8.35%
Profit Margin	4.59%	4.61%	-3.40%	-0.04%	12.82%
Free Cash Flow Margin	-2.63%	-1.73%	-4.81%	-3.09%	6.24%
EBITDA	136.24	98.53	55.76	55.84	131.11
EBITDA Margin	12.29%	8.62%	4.90%	5.05%	11.66%
D&A For EBITDA	13.69	17.75	26.02	38.06	37.25
EBIT	122.55	80.78	29.74	17.78	93.87
EBIT Margin	11.05%	7.06%	2.61%	1.61%	8.35%
Effective Tax Rate	31.64%	18.66%	-	-	2.98%
Revenue as Reported	1,098	1,150	1,137	1,107	1,124

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q