ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company operates through Specialty Property and Casualty, Workers' Compensation Insurance, Segregated Portfolio Cell Reinsurance, and Lloyd's Syndicate segments. It offers professional liability insurance for healthcare providers and institutions, and attorneys; liability insurance for medical technology and life sciences risks; and workers' compensation insurance, such as guaranteed cost policies, policyholder dividend policies, retrospectively rated policies, and deductible policies, as well as alternative market solutions that include program design, fronting, claims administration, risk management, SPC rental, asset management, and SPC management services for individual companies, agencies, groups, and associations. The company also participates in Lloyd's of London Syndicate 1729, which underwrites property and casualty insurance, and reinsurance. It markets its products through independent agencies and brokers, as well as an internal sales force. The company was founded in 1976 and is headquartered in Birmingham, Alabama.
Revenue of ProAssurance Corporation (PRA)
Revenue in 2023 (TTM): $1.14 B
According to ProAssurance Corporation's latest financial reports the company's current revenue (TTM) is $1.14 B. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of ProAssurance Corporation
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $1.14 B | $1.14 B | $-36,975,000 | $-39,149,000 | $-38,604,000 |
| 2022 | $1.1 B | $1.1 B | $52.22 M | $-6,216,000 | $-402,000 |
| 2021 | $1.08 B | $1.08 B | $174.92 M | $146.61 M | $144.12 M |
| 2020 | $886.86 M | $886.86 M | $-202,151,000 | $-217,056,000 | $-175,727,000 |
| 2019 | $1.01 B | $1.01 B | $-19,359,000 | $-28,804,000 | $1 M |
| 2018 | $877.08 M | $877.08 M | $66.4 M | $54.26 M | $47.06 M |
| 2017 | $858.12 M | $858.12 M | $174.26 M | $161.24 M | $107.26 M |
| 2016 | $875.98 M | $875.98 M | $224.02 M | $199.38 M | $151.08 M |
| 2015 | $772.08 M | $768.4 M | $179.85 M | $128.86 M | $116.2 M |
| 2014 | $848.34 M | $848.34 M | $326.41 M | $262.01 M | $196.57 M |
| 2013 | $732.64 M | $732.64 M | $445.88 M | $397.16 M | $297.52 M |
| 2012 | $722.73 M | $722.73 M | $435.72 M | $395.97 M | $275.47 M |
| 2011 | $716.78 M | $716.78 M | $453.77 M | $414.6 M | $287.1 M |
| 2010 | $692.07 M | $692.07 M | $362.64 M | $332.68 M | $231.6 M |
| 2009 | $672.68 M | $672.68 M | $341.89 M | $318.76 M | $222.03 M |
| 2008 | $562.59 M | $562.59 M | $271.85 M | $248.39 M | $177.73 M |
| 2007 | $706.07 M | $706.07 M | $264.41 M | $236.34 M | $168.19 M |
| 2006 | $737.6 M | $737.6 M | $316.17 M | $176.83 M | $236.43 M |
| 2005 | $645.31 M | $645.31 M | $175.22 M | $108.86 M | $113.46 M |
| 2004 | $794.55 M | $794.55 M | $131.01 M | $97.47 M | $72.81 M |
| 2003 | $709.64 M | $709.64 M | $77.07 M | $50.33 M | $38.7 M |
| 2002 | $555.77 M | $555.77 M | $30.31 M | $13.61 M | $12.21 M |
| 2001 | $382.56 M | $382.56 M | $15.44 M | $10.97 M | $12.45 M |
| 2000 | $222.59 M | $222.59 M | $34.63 M | $73.29 M | $24.3 M |
| 1999 | $208 M | $208 M | $69.6 M | $106.8 M | $46.7 M |
| 1998 | $193.6 M | $193.6 M | $68.3 M | $117.4 M | $47.4 M |
| 1997 | $160.7 M | $160.7 M | $67.6 M | $90.9 M | $37.5 M |
| 1996 | $139.4 M | $139.4 M | $40.9 M | $75.6 M | $31.1 M |
| 1995 | $110.3 M | $110.3 M | $40.7 M | $73 M | $29.7 M |
| 1994 | $85.6 M | $85.6 M | $34.2 M | $55.4 M | $24.8 M |
| 1993 | $87.7 M | $87.7 M | $40.4 M | $67.9 M | $30.5 M |
| 1992 | $85.1 M | $85.1 M | $31.3 M | $54.8 M | $22.9 M |
| 1991 | $76 M | $76 M | $23.1 M | $43.4 M | $17.5 M |