ProAssurance Corporation (PRA) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7228138321,037947683643
Cash and cash equivalents21617580134117241197
Short-term investments506638751903829442446
Total current assets:7228138321,037947683643
Noncurrent Assets
Operating lease, right-of-use asset1921
Property, plant and equipment31303132323840
Long-term investments and receivables4739 331341312277
Long-term investments4739 331341312277
Intangible assets, net (including goodwill)181352364377380396412
Goodwill50211211211211211211
Intangible assets, net (excluding goodwill)131142154166169185202
Regulated entity, other noncurrent assets12122  
Deferred costs312724    
Deferred income tax assets5744
Total noncurrent assets:367516421741754746729
Other undisclosed assets3,5663,4773,3483,1513,3643,4793,798
TOTAL ASSETS:4,6554,8064,6014,9295,0654,9085,169
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities3,3063,2943,0783,3343,2662,9503,011
Total liabilities:3,3063,2943,0783,3343,2662,9503,011
Stockholders' equity
Stockholders' equity attributable to parent1,3491,5121,5231,5951,7991,9582,158
Common stock1111111
Treasury stock, value(416)(416)(417)(418)(420)(420)(252)
Additional paid in capital388385385383377365360
Accumulated other comprehensive income (loss)7537(17)15172458
Retained earnings1,3011,5061,5721,6141,8241,9881,992
Total stockholders' equity:1,3491,5121,5231,5951,7991,9582,158
TOTAL LIABILITIES AND EQUITY:4,6554,8064,6014,9295,0654,9085,169

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues8751,000886866870772852
Premiums earned, net793848819
Financial services revenue   700
Cost of revenue(772)(869)(698)(565)(443)(411)(432)
Policyholder benefits and claims incurred, net(661)(754)(593)
Deferred policy acquisition costs, amortization expense(111)(115)(105)(96)  (69)
Financial services costs(469)(443)(411)(363)
Gross profit:103131188301427361421
Operating expenses(288)(138)(134)(140)  (15)
Operating income (loss):(186)(8)54161427361405
Nonoperating income
(Investment Income, Nonoperating)
      7
Interest and debt expense(16)(17)(16)(17)(15)(15)(14)
Income (loss) from continuing operations before equity method investments, income taxes:(201)(24)38144412347398
Income from equity method investments      4
Other undisclosed loss from continuing operations before income taxes(16)(5)(9)(16)(236)(218)(140)
Income (loss) from continuing operations before income taxes:(217)(29)29129176129262
Income tax expense (benefit)413018(21)(25)(13)(65)
Net income (loss) available to common stockholders, diluted:(176)147107151116197

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(176)147107151116197
Other comprehensive income (loss)3854(35)(2)(6)(34)(1)
Comprehensive income (loss), net of tax, attributable to parent:(137)551210514582195

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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