ProAssurance Corporation

ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance and reinsurance products in the United States. Its business is organized into four segments: Specialty Property and Casualty, Workers' Compensation Insurance, Segregated Portfolio Cell Reinsurance, and Corporate. The company offers professional liability insurance to healthcare providers and institutions, as well as attorneys and their firms. It also provides medical technology liability insurance to medical technology and life sciences companies. Additionally, ProAssurance offers custom alternative risk solutions, including assumed reinsurance and captive cell programs for healthcare professional liability insureds. Its workers' compensation insurance products include guaranteed cost policies, policyholder dividend policies, retrospectively rated policies, and deductible policies, along with alternative market solutions such as program design, fronting, claims administration, risk management, SPC rental, asset management, and SPC management services.

ProAssurance Corporation is listed on the New York Stock Exchange (NYSE) under the ticker symbol PRA. The stock trades in US Dollars (USD), as the company is headquartered in the United States and its financial reporting is in USD. Being listed on the NYSE, one of the world's largest stock exchanges, provides liquidity and visibility to investors globally.

ProAssurance Corporation operates in the Financial Services sector, specifically within the Insurance - Property & Casualty industry. This means the company is primarily engaged in underwriting property and casualty insurance policies, which cover risks such as liability for injuries or damage to property. As a property and casualty insurer, ProAssurance focuses on providing coverage for professional liability, workers' compensation, and other related risks, distinguishing it from life or health insurance providers.

ProAssurance Corporation is headquartered in Birmingham, Alabama, United States. The company was founded in 1976 and serves clients exclusively within the United States. Its insurance and reinsurance products are marketed through independent agencies and brokers, as well as an internal business development team. The company's primary markets include healthcare providers and institutions, attorneys and their firms, and medical technology and life sciences companies. ProAssurance also provides workers' compensation insurance to various businesses and offers alternative risk solutions to individual companies, agencies, groups, and associations.

ProAssurance generates revenue primarily by underwriting insurance policies and collecting premiums. The company operates through four segments: Specialty Property and Casualty, Workers' Compensation Insurance, Segregated Portfolio Cell Reinsurance, and Corporate. In the Specialty Property and Casualty segment, it earns premiums from professional liability insurance for healthcare providers, attorneys, and medical technology companies. The Workers' Compensation Insurance segment generates revenue through various policy types, including guaranteed cost, dividend, retrospectively rated, and deductible policies. Additionally, ProAssurance offers alternative market solutions such as program design, fronting, claims administration, and risk management services, which generate fee income. The Segregated Portfolio Cell Reinsurance segment provides assumed reinsurance and captive cell programs, earning premiums and fees from these arrangements.