Proassurance Cp Financials

PRA

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Proassurance Cp (PRA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Weak

3/9

Proassurance Cp passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Low Quality

-0.20x

For every $1 of reported earnings, Proassurance Cp generates $-0.20 in operating cash flow (-$10.7M OCF vs $52.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Revenue

$1.2B

YoY+1.2%

5Y CAGR+2.8%

10Y CAGR+3.0%

Proassurance Cp generated $1.2B in revenue in fiscal year 2024. This represents an increase of 1.2% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$52.7M

YoY+236.6%

5Y CAGR+120.8%

10Y CAGR-12.3%

Proassurance Cp reported $52.7M in net income in fiscal year 2024. This represents an increase of 236.6% from the prior year.

EPS (Diluted)

$1.03

YoY+241.1%

5Y CAGR+120.0%

10Y CAGR-11.0%

Proassurance Cp earned $1.03 per diluted share (EPS) in fiscal year 2024. This represents an increase of 241.1% from the prior year.

Cash & Debt

$54.9M

YoY-16.7%

5Y CAGR-20.7%

10Y CAGR-12.0%

Proassurance Cp held $54.9M in cash against $424.9M in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.00

YoY-100.0%

Proassurance Cp paid $0.00 per share in dividends in fiscal year 2024. This represents a decrease of 100.0% from the prior year.

Shares Outstanding

51M

YoY+0.4%

5Y CAGR-1.0%

10Y CAGR-1.0%

Proassurance Cp had 51M shares outstanding in fiscal year 2024. This represents an increase of 0.4% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

4.6%

YoY+8.0pp

5Y CAGR+4.5pp

10Y CAGR-18.5pp

Proassurance Cp's net profit margin was 4.6% in fiscal year 2024, showing the share of revenue converted to profit. This is up 8.0 percentage points from the prior year.

Return on Equity

4.4%

5Y CAGR+4.3pp

10Y CAGR-4.7pp

Proassurance Cp's ROE was 4.4% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

PRA Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$1.2B+1.2%	$1.1B+2.8%	$1.1B-1.6%	$1.1B+28.5%	$874.9M-12.5%	$999.8M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$22.3M-3.5%	$23.1M+13.6%	$20.4M+3.3%	$19.7M+27.2%	$15.5M-6.8%	$16.6M
Income Tax	$10.3M+1996.1%	-$545K+90.6%	-$5.8M-334.2%	$2.5M+106.0%	-$41.3M-38.7%	-$29.8M
Net Income	$52.7M+236.6%	-$38.6M-9503.0%	-$402K-100.3%	$144.1M+182.0%	-$175.7M-17602.7%	$1.0M
EPS (Diluted)	$1.03+241.1%	$-0.73-7200.0%	$-0.01-100.4%	$2.67+181.9%	$-3.26-16400.0%	$0.02

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$279.6M+1.0%	$276.8M+1.7%	$272.1M-6.2%	$290.1M-0.1%	$290.4M+2.0%	$284.7M-4.1%	$297.0M+7.7%	$275.7M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$5.2M+0.2%	$5.2M+1.2%	$5.2M-3.4%	$5.3M-5.5%	$5.6M-0.2%	$5.7M-15.2%	$6.7M+21.0%	$5.5M
Income Tax	$2.9M-47.0%	$5.5M+1181.2%	-$510K-119.9%	$2.6M+5.9%	$2.4M+249.9%	$692K-79.4%	$3.4M+172.1%	-$4.7M
Net Income	$1.4M-93.4%	$21.9M+476.5%	-$5.8M-136.0%	$16.2M+4.3%	$15.5M+235.2%	$4.6M-27.5%	$6.4M+112.9%	-$49.4M
EPS (Diluted)	$0.03-92.9%	$0.42+481.8%	$-0.11-134.4%	$0.32+6.7%	$0.30+233.3%	$0.09-30.8%	$0.13+113.7%	$-0.95

PRA Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$5.6B-1.0%	$5.6B-1.2%	$5.7B-7.9%	$6.2B+33.0%	$4.7B-3.1%	$4.8B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$54.9M-16.7%	$65.9M+120.0%	$30.0M-79.1%	$143.6M-33.5%	$215.8M+23.0%	$175.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$5.5M0.0%	$5.5M-88.9%	$49.6M0.0%	$49.6M0.0%	$49.6M-76.5%	$210.7M
Total Liabilities	$4.4B-3.3%	$4.5B-1.7%	$4.6B-3.5%	$4.8B+44.1%	$3.3B+0.4%	$3.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$424.9M-0.5%	$427.1M0.0%	$427.0M+0.5%	$425.0M+49.3%	$284.7M-0.4%	$285.8M
Total Equity	$1.2B+8.1%	$1.1B+0.7%	$1.1B-22.7%	$1.4B+5.9%	$1.3B-10.8%	$1.5B
Retained Earnings	$1.4B+3.8%	$1.4B-2.9%	$1.4B-0.8%	$1.4B+10.2%	$1.3B-13.6%	$1.5B

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$5.6B+1.2%	$5.5B-0.7%	$5.5B-0.9%	$5.6B-0.7%	$5.6B-0.6%	$5.7B+0.3%	$5.6B+1.0%	$5.6B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$54.5M+30.9%	$41.6M-4.4%	$43.5M-20.7%	$54.9M+48.8%	$36.9M-43.6%	$65.4M-0.8%	$65.9M+6.1%	$62.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$5.5M0.0%	$5.5M0.0%	$5.5M0.0%	$5.5M0.0%	$5.5M0.0%	$5.5M0.0%	$5.5M0.0%	$5.5M
Total Liabilities	$4.2B+0.9%	$4.2B-1.9%	$4.3B-1.8%	$4.4B-2.5%	$4.5B-1.2%	$4.5B+0.4%	$4.5B-0.9%	$4.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$421.5M-0.3%	$422.6M-0.3%	$423.7M-0.3%	$424.9M-0.5%	$426.9M-0.2%	$427.8M+0.2%	$427.1M+0.1%	$426.6M
Total Equity	$1.3B+2.3%	$1.3B+3.4%	$1.2B+2.7%	$1.2B+6.1%	$1.1B+1.7%	$1.1B+0.1%	$1.1B+9.9%	$1.0B
Retained Earnings	$1.5B+0.1%	$1.5B+1.5%	$1.4B-0.4%	$1.4B+2.3%	$1.4B+1.1%	$1.4B+0.3%	$1.4B+0.5%	$1.4B

PRA Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$10.7M+78.5%	-$49.9M-67.2%	-$29.8M-140.3%	$74.0M-19.9%	$92.3M-37.7%	$148.2M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	$9.6M
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	$138.6M
Investing Cash Flow	$10.7M-92.4%	$141.1M+327.7%	-$62.0M+27.5%	-$85.5M-908.1%	-$8.5M-116.8%	$50.5M
Financing Cash Flow	-$11.0M+80.2%	-$55.3M-153.7%	-$21.8M+64.0%	-$60.6M-39.5%	-$43.4M+58.1%	-$103.8M
Dividends Paid	$0-100.0%	$5.4M-50.0%	$10.8M+0.1%	$10.8M-72.2%	$38.7M-58.5%	$93.2M
Share Buybacks	N/A	$50.5M+1452.5%	$3.3M	$0	$0	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$27.2M+196.9%	-$28.1M-141.8%	-$11.6M-4777.7%	-$238K+98.1%	-$12.8M-10.3%	-$11.6M-259.1%	-$3.2M-121.3%	$15.2M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$13.4M-144.4%	$30.1M+632.9%	$4.1M-74.9%	$16.4M+216.4%	-$14.1M-216.3%	$12.1M+218.6%	$3.8M-87.9%	$31.4M
Financing Cash Flow	-$978K+75.5%	-$4.0M-4.0%	-$3.8M+41.6%	-$6.6M-315.4%	-$1.6M-63.4%	-$969K-130.0%	$3.2M+110.6%	-$30.5M
Dividends Paid	N/A	N/A	N/A	$0	$0	$0	$0	$0
Share Buybacks	N/A	N/A	N/A	$0	N/A	N/A	$0-100.0%	$30.5M

PRA Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	4.6%+8.0pp	-3.4%-3.4pp	-0.0%-12.9pp	12.8%+32.9pp	-20.1%-20.2pp	0.1%
Return on Equity	4.4%	N/A	N/A	10.1%	N/A	0.1%
Return on Assets	0.9%+1.6pp	-0.7%-0.7pp	-0.0%-2.3pp	2.3%+6.1pp	-3.8%-3.8pp	0.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.35-0.0	0.380.0	0.39+0.1	0.30+0.1	0.21+0.0	0.19
FCF Margin	N/A	N/A	N/A	N/A	N/A	13.9%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	0.5%-7.4pp	7.9%+10.1pp	-2.1%-7.7pp	5.6%+0.2pp	5.3%+3.7pp	1.6%-0.5pp	2.1%+20.1pp	-17.9%
Return on Equity	0.1%-1.6pp	1.7%	N/A	1.4%-0.0pp	1.4%+1.0pp	0.4%-0.2pp	0.6%	N/A
Return on Assets	0.0%-0.4pp	0.4%+0.5pp	-0.1%-0.4pp	0.3%0.0pp	0.3%+0.2pp	0.1%-0.0pp	0.1%+1.0pp	-0.9%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.320.0	0.33-0.0	0.340.0	0.35-0.0	0.380.0	0.380.0	0.38-0.0	0.42
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Proassurance Cp's annual revenue?

Proassurance Cp (PRA) reported $1.2B in total revenue for fiscal year 2024. This represents a 1.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Proassurance Cp's revenue growing?

Proassurance Cp (PRA) revenue grew by 1.2% year-over-year, from $1.1B to $1.2B in fiscal year 2024.

Is Proassurance Cp profitable?

Yes, Proassurance Cp (PRA) reported a net income of $52.7M in fiscal year 2024, with a net profit margin of 4.6%.

What is Proassurance Cp's earnings per share (EPS)?

Proassurance Cp (PRA) reported diluted earnings per share of $1.03 for fiscal year 2024. This represents a 241.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Proassurance Cp have?

As of fiscal year 2024, Proassurance Cp (PRA) had $54.9M in cash and equivalents against $424.9M in long-term debt.

What is Proassurance Cp's net profit margin?

Proassurance Cp (PRA) had a net profit margin of 4.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Proassurance Cp's return on equity (ROE)?

Proassurance Cp (PRA) has a return on equity of 4.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Proassurance Cp's operating cash flow?

Proassurance Cp (PRA) generated -$10.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Proassurance Cp's total assets?

Proassurance Cp (PRA) had $5.6B in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does Proassurance Cp have outstanding?

Proassurance Cp (PRA) had 51M shares outstanding as of fiscal year 2024.

What is Proassurance Cp's debt-to-equity ratio?

Proassurance Cp (PRA) had a debt-to-equity ratio of 0.35 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Proassurance Cp's return on assets (ROA)?

Proassurance Cp (PRA) had a return on assets of 0.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Proassurance Cp's cash runway?

Based on fiscal year 2024 data, Proassurance Cp (PRA) had $54.9M in cash against an annual operating cash burn of $10.7M. This gives an estimated cash runway of approximately 61 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Proassurance Cp's Piotroski F-Score?

Proassurance Cp (PRA) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Proassurance Cp's earnings high quality?

Proassurance Cp (PRA) has an earnings quality ratio of -0.20x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.