ProAssurance Corporation (PRA) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8138321,037947683643378
Cash and cash equivalents17580134117241197129
Short-term investments638751903829442446249
Total current assets:8138321,037947683643378
Noncurrent Assets
Operating lease, right-of-use asset21
Property, plant and equipment30313232384041
Long-term investments and receivables39 331341312277214
Long-term investments39 331341312277214
Intangible assets, net (including goodwill)352364377380396412230
Goodwill211211211211211211161
Intangible assets, net (excluding goodwill)14215416616918520269
Regulated entity, other noncurrent assets2122   
Deferred costs2724     
Deferred income tax assets44
Total noncurrent assets:516421741754746729485
Other undisclosed assets3,4773,3483,1513,3643,4793,7984,288
TOTAL ASSETS:4,8064,6014,9295,0654,9085,1695,151
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities3,2943,0783,3343,2662,9503,0112,756
Total liabilities:3,2943,0783,3343,2662,9503,0112,756
Stockholders' equity
Stockholders' equity attributable to parent1,5121,5231,5951,7991,9582,1582,394
Common stock1111111
Treasury stock, value(416)(417)(418)(420)(420)(252)(31)
Additional paid in capital385385383377365360350
Accumulated other comprehensive income (loss)37(17)1517245860
Retained earnings1,5061,5721,6141,8241,9881,9922,016
Total stockholders' equity:1,5121,5231,5951,7991,9582,1582,394
TOTAL LIABILITIES AND EQUITY:4,8064,6014,9295,0654,9085,1695,151

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,000886866870772852740
Premiums earned, net848819
Net investment income939296100109126129
Financial services revenue   700528
Cost of revenue(869)(698)(565)(443)(411)(432)(225)
Policyholder benefits and claims incurred, net(754)(593)
Deferred policy acquisition costs, amortization expense(115)(105)(96)  (69)59
Financial services costs(469)(443)(411)(363)(225)
Gross profit:131188301427361421515
Operating expenses(138)(134)(140)  (15)(9)
Operating income (loss):(8)54161427361405507
Nonoperating income
(Investment Income, Nonoperating)
     749
Interest and debt expense(17)(16)(17)(15)(15)(14)(3)
Income (loss) from continuing operations before equity method investments, income taxes:(24)38144412347398553
Income from equity method investments     48
Other undisclosed loss from continuing operations before income taxes(5)(9)(16)(236)(218)(140)(164)
Income (loss) from continuing operations before income taxes:(29)29129176129262397
Income tax expense (benefit)3018(21)(25)(13)(65)(100)
Net income available to common stockholders, diluted:147107151116197298

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:147107151116197298
Other comprehensive income (loss)54(35)(2)(6)(34)(1)(86)
Comprehensive income, net of tax, attributable to parent:551210514582195212

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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