Company Description
PRA Group, Inc., a financial services company, engages in the purchase, collection, and management of portfolios of nonperforming loans worldwide.
The company purchases accounts that are primarily unpaid obligations of individuals owed to credit originators.
It also purchases and collects nonperforming loans, which are sold by credit originators when they choose not to pursue, or have been unsuccessful in, collecting the full balance owed.
In addition, the company is involved in purchasing and collecting on nonperforming loans where the customer is involved in a bankruptcy or similar proceeding; and purchase and provide fee-based services for class action claims recoveries.
Its nonperforming loans, includes general purpose and private label credit cards, consumer loans, auto loans, overdrafts, and small business loans.
The company was formerly known as Portfolio Recovery Associates, Inc. and changed its name to PRA Group, Inc. in October 2014.
PRA Group, Inc. was founded in 1996 and is headquartered in Norfolk, Virginia.
| Country | United States |
| Founded | 1996 |
| Industry | Credit Services |
| Sector | Financials |
| Employees | 3,115 |
| CEO | Vikram Atal |
Contact Details
Address: 120 Corporate Boulevard Norfolk, Virginia 23502 United States | |
| Phone | 888 772 7326 |
| Website | pragroup.com |
Stock Details
| Ticker Symbol | PRAA |
| Exchange | NASDAQ |
| Stock Type | Common Stock |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| CIK Code | 0001185348 |
| CUSIP Number | 69354N106 |
| ISIN Number | US69354N1063 |
| Employer ID | 75-3078675 |
| SIC Code | 6153 |
Key Executives
| Name | Position |
|---|---|
| Vikram A. Atal | President, Chief Executive Officer and Director |
| Steven D. Fredrickson | Co-Founder and Non-Executive Chairman |
| Rakesh Sehgal | Executive Vice President and Chief Financial Officer |
| Owen R. James | Executive Vice President and Global Investments Officer |
| LaTisha Owens Tarrant | Executive Vice President, General Counsel, Chief Human Resources Officer and Corporate Secretary |
| Martin Sjölund | President of PRA Group Europe |
| Steven A. Macke | Global Operations Officer |
| Jan Husby | Global Chief Information Officer |
| Lauren Partin | Senior Vice President of Finance and Investor Relations |
| Keith Warren | Chief Risk and Compliance Officer |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Feb 27, 2025 | 10-K | Annual Report |
| Feb 19, 2025 | 8-K | Current Report |
| Feb 14, 2025 | SCHEDULE 13G/A | Filing |
| Dec 18, 2024 | 8-K | Current Report |
| Nov 25, 2024 | 8-K | Current Report |
| Nov 20, 2024 | 8-K | Current Report |
| Nov 20, 2024 | 8-K | Current Report |
| Nov 14, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Nov 8, 2024 | 10-Q | Quarterly Report |
| Nov 4, 2024 | 8-K | Current Report |