ProAssurance Corporation (PRA) financial statements (2022 and earlier)

Company profile

Business Address 100 BROOKWOOD PLACE
BIRMINGHAM, AL 35209
State of Incorp. DE
Fiscal Year End December 31
SIC 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments619614793619722792847
Cash and cash equivalents144203161215216232224
Short-term investments475411632404506560623
Total current assets:619614793619722792847
Noncurrent Assets
Operating lease, right-of-use asset20202218191919
Property, plant and equipment30313131313030
Long-term investments and receivables10211011072474141
Long-term investments10211011072474141
Intangible assets, net (including goodwill)196125126114181117280
Goodwill505050505050211
Intangible assets, net (excluding goodwill)1477577641316769
Regulated entity, other noncurrent assets1111112
Deferred costs40394333312726
Deferred income tax assets11811811168576053
Total noncurrent assets:506443443336367295450
Other undisclosed assets5,0665,2705,1223,7203,5663,6063,486
TOTAL ASSETS:6,1916,3276,3584,6754,6554,6924,784
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities4,7634,9044,9343,3533,3063,3633,309
Total liabilities:4,7634,9044,9343,3533,3063,3633,309
Stockholders' equity
Stockholders' equity attributable to parent1,4281,4231,4241,3211,3491,3301,474
Common stock1111111
Treasury stock, value(416)(416)(416)(416)(416)(416)(416)
Additional paid in capital393392391389388387386
Accumulated other comprehensive income16425342756861
Retained earnings1,4341,4051,3961,3061,3011,2901,442
Total stockholders' equity:1,4281,4231,4241,3211,3491,3301,474
TOTAL LIABILITIES AND EQUITY:6,1916,3276,3584,6754,6554,6924,784

Income statement (P&L) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues313310282220230227222
Premiums earned, net 272239187 195207
Cost of revenue(228)(252)(208)(175)(167)(173)(236)
Policyholder benefits and claims incurred, net(197)(223)(182)(150)(140)(146)(211)
Deferred policy acquisition costs, amortization expense(31)(28)(27)(25)(27)(27)(25)
Gross profit:855873456354(15)
Operating expenses(37)(39)(51)(32)(31)(194)(33)
Operating income (loss):4819231432(139)(48)
Nonoperating income
(Investment Income, Nonoperating)
  74    
Interest and debt expense(6)(6)(5)(3)(4)(4)(4)
Income (loss) from continuing operations before equity method investments, income taxes:4314921128(143)(52)
Other undisclosed loss from continuing operations before income taxes(5)(2)(3)(2)(6)(5)(5)
Income (loss) from continuing operations before income taxes:381288822(148)(57)
Income tax expense (benefit)(6)04(1)(7)(2)39
Net income (loss) available to common stockholders, diluted:321292814(150)(18)

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):321292814(150)(18)
Other comprehensive income (loss)(25)(12)12(34)7766
Comprehensive income (loss), net of tax, attributable to parent:71104(26)21(143)48

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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