ProAssurance Balance Sheet

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
Investments in Debt Securities	3,701	3,582	3,494	3,472	3,834
Investments in Equity & Preferred Securities	245.47	259.54	276.76	305.21	335.58
Other Investments	294.03	262.19	301.6	341.08	318.78
Total Investments	4,375	4,323	4,305	4,336	4,778
Cash & Equivalents	36.49	54.88	65.9	29.96	143.6
Reinsurance Recoverable	354.28	427.3	466.7	447.2	466.34
Other Receivables	227.76	228.9	235.57	254.09	249
Deferred Policy Acquisition Cost	57.41	59.03	60.34	58.15	58.94
Property, Plant & Equipment	13.82	16.51	16.28	18.99	19.6
Goodwill	5.5	5.5	5.5	49.61	49.61
Other Intangible Assets	48.54	54.21	60.31	66.84	73.34
Other Current Assets	32.46	30.92	31.15	29.12	24.57
Long-Term Deferred Tax Assets	121.87	163.93	186.16	209.54	117.61
Other Long-Term Assets	173.92	210.48	198.82	200.6	211.33
Total Assets	5,447	5,574	5,632	5,700	6,191
Insurance & Annuity Liabilities	3,018	3,258	3,401	3,471	3,580
Unearned Premiums	403.88	418.76	433.72	422.95	433.96
Reinsurance Payable	14.42	27.29	24.02	28.51	22.63
Current Portion of Long-Term Debt	-	-	-	249.46	-
Current Portion of Leases	3.24	-	-	-	-
Long-Term Debt	420.42	424.87	427.13	177.53	424.99
Long-Term Leases	11.4	17.39	17.18	20.01	20.84
Other Current Liabilities	-	-	-	-	66.46
Other Long-Term Liabilities	226.3	226.52	216.62	226.38	214.28
Total Liabilities	4,098	4,373	4,520	4,596	4,763
Common Stock	0.64	0.64	0.64	0.63	0.63
Additional Paid-In Capital	413.59	408.47	403.55	397.92	392.94
Retained Earnings	1,486	1,435	1,382	1,423	1,434
Treasury Stock	-469.69	-469.69	-469.7	-419.21	-415.96
Comprehensive Income & Other	-81.05	-172.39	-204.49	-298.61	16.28
Shareholders' Equity	1,349	1,202	1,112	1,104	1,428
Total Liabilities & Equity	5,447	5,574	5,632	5,700	6,191
Filing Date Shares Outstanding	51.41	51.16	50.97	53.96	53.99
Total Common Shares Outstanding	51.41	51.16	50.97	53.96	53.98
Total Debt	435.06	442.26	444.31	446.99	445.83
Net Cash (Debt)	-398.57	-387.38	-378.41	-417.03	-302.23
Net Cash Per Share	-7.71	-7.56	-7.17	-7.70	-5.59
Book Value Per Share	26.24	23.49	21.82	20.46	26.46
Tangible Book Value	1,295	1,142	1,046	987.57	1,305
Tangible Book Value Per Share	25.19	22.32	20.53	18.30	24.18

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

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