Company
ProAssurance Corporation
Headquarters: Birmingham, AL, United States
Founded: 1976
Employees: 1,021
CEO: Mr. Edward Lewis Rand Jr., CPA
Market Cap
$668.2 Million
USD as of Jan. 1, 2024
ProAssurance Corporation Categories
United States Financials Insurance—Property & CasualtyUnited States Financials United States Insurance—Property & Casualty
Top Competitors by Market Capitalization
Industry: Insurance—Property & Casualty
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|---|---|
| The Progressive Corporation | $95.50 B |
| Chubb Limited | $92.74 B |
| Tokio Marine Holdings, Inc. | $50.24 B |
| The Travelers Companies, Inc. | $43.98 B |
| The Allstate Corporation | $38.86 B |
Sector:
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| Berkshire Hathaway | $797.77 B |
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| Bank of America | $267.48 B |
Detailed Description
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.
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Stocks & Indices
ProAssurance Corporation has the following listings and related stock indices.
Stock: NYSE: PRA wb_incandescent
Stock: FSX: PRK wb_incandescent
Product & Services
Insurance
Key People
Edward L. Rand, Jr., Chief Executive Officer Dana S. Hendricks, Chief Financial Officer
Financials
Revenue: $874 million USD (2020)