Proassurance Cp Financials
This page shows Proassurance Cp (PRA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 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).
Profitability has recovered, but cash still runs backward, showing this balance-sheet-heavy business is being repaired faster on paper than in cash.
Across FY2024 and FY2025, the company produced about$104M of cumulative net income while reporting-$36.3M of cumulative operating cash flow, so the earnings rebound has not yet translated into cash that can replenish liquidity. Meanwhile, liabilities fell by roughly$422M from FY2023 to FY2025 while equity rebuilt to$1.35B , meaning the capital structure improved even as near-term cash generation lagged.
Revenue stayed parked near
The drop in debt-to-equity from 0.38x in FY2023 to 0.31x in FY2025 points to a stronger capital base. Because long-term debt still sat around
Financial Health Signals
Scored against insurers for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Proassurance Cp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Proassurance Cp passes 1 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Proassurance Cp generates $-0.50 in operating cash flow (-$25.6M OCF vs $50.9M 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
Earnings & Revenue
Proassurance Cp generated $1.1B in revenue in fiscal year 2025. This represents a decrease of 4.6% from the prior year.
Proassurance Cp reported $50.9M in net income in fiscal year 2025. This represents a decrease of 3.5% from the prior year.
Proassurance Cp earned $0.99 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 3.9% from the prior year.
Cash & Balance Sheet
Proassurance Cp held $36.5M in cash against $420.4M in long-term debt as of fiscal year 2025.
Proassurance Cp paid $0.00 per share in dividends in fiscal year 2025.
Proassurance Cp had 51M shares outstanding in fiscal year 2025. This represents an increase of 0.5% from the prior year.
Margins & Returns
Proassurance Cp's net profit margin was 4.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.1 percentage points from the prior year.
Proassurance Cp's ROE was 3.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.6 percentage points from the prior year.
Capital Allocation
PRA Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $262.6M-2.6% | $269.6M-3.5% | $279.6M+1.0% | $276.8M+1.7% | $272.1M-6.2% | $290.1M+1.7% | $285.3M-1.8% | $290.4M |
| 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 | $5.1M-2.5% | $5.2M-0.3% | $5.2M+0.2% | $5.2M+1.2% | $5.2M-3.4% | $5.3M-6.3% | $5.7M+0.9% | $5.6M |
| Income Tax | $732K-94.5% | $13.2M+352.5% | $2.9M-47.0% | $5.5M+1181.2% | -$510K-119.9% | $2.6M-44.9% | $4.7M+92.4% | $2.4M |
| Net Income | $8.5M-74.6% | $33.4M+2207.7% | $1.4M-93.4% | $21.9M+476.5% | -$5.8M-136.0% | $16.2M-1.7% | $16.4M+6.0% | $15.5M |
| EPS (Diluted) | $0.16 | N/A | $0.03-92.9% | $0.42+481.8% | $-0.11 | N/A | $0.32+6.7% | $0.30 |
PRA Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.4B-0.6% | $5.4B-1.9% | $5.6B+1.2% | $5.5B-0.7% | $5.5B-0.9% | $5.6B-2.8% | $5.7B+2.1% | $5.6B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $14.1M-61.5% | $36.5M-33.0% | $54.5M+30.9% | $41.6M-4.4% | $43.5M-20.7% | $54.9M+21.2% | $45.3M+22.8% | $36.9M |
| 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 | $4.1B-0.5% | $4.1B-3.5% | $4.2B+0.9% | $4.2B-1.9% | $4.3B-1.8% | $4.4B-2.9% | $4.5B+0.4% | $4.5B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $419.3M-0.3% | $420.4M-0.3% | $421.5M-0.3% | $422.6M-0.3% | $423.7M-0.3% | $424.9M-0.3% | $425.9M-0.2% | $426.9M |
| Total Equity | $1.3B-0.8% | $1.3B+3.4% | $1.3B+2.3% | $1.3B+3.4% | $1.2B+2.7% | $1.2B-2.4% | $1.2B+8.7% | $1.1B |
| Retained Earnings | $1.5B+0.6% | $1.5B+2.3% | $1.5B+0.1% | $1.5B+1.5% | $1.4B-0.4% | $1.4B+1.1% | $1.4B+1.2% | $1.4B |
PRA Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$21.3M-62.2% | -$13.1M-148.3% | $27.2M+196.9% | -$28.1M-141.8% | -$11.6M-4777.7% | -$238K-101.7% | $14.0M+209.1% | -$12.8M |
| 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 | $4.4M+407.3% | -$1.4M+89.3% | -$13.4M-144.4% | $30.1M+632.9% | $4.1M-74.9% | $16.4M+536.8% | -$3.8M+73.4% | -$14.1M |
| Financing Cash Flow | -$5.5M-62.5% | -$3.4M-246.6% | -$978K+75.5% | -$4.0M-4.0% | -$3.8M+41.6% | -$6.6M-256.0% | -$1.8M-16.7% | -$1.6M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | $0 | $0 | $0 |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | $0 | N/A |
PRA Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| 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 | 3.2%-9.2pp | 12.4%+11.9pp | 0.5%-7.4pp | 7.9%+10.1pp | -2.1%-7.7pp | 5.6%-0.2pp | 5.8%+0.4pp | 5.3% |
| Return on Equity | 0.6%-1.8pp | 2.5%+2.4pp | 0.1%-1.6pp | 1.7%+2.2pp | -0.5%-1.8pp | 1.4%0.0pp | 1.3%-0.0pp | 1.4% |
| Return on Assets | 0.2%-0.5pp | 0.6%+0.6pp | 0.0%-0.4pp | 0.4%+0.5pp | -0.1%-0.4pp | 0.3%0.0pp | 0.3%0.0pp | 0.3% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.310.0 | 0.31-0.0 | 0.320.0 | 0.33-0.0 | 0.340.0 | 0.350.0 | 0.35-0.0 | 0.38 |
| 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 $1.1B in total revenue for fiscal year 2025. This represents a -4.6% 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 declined by 4.6% year-over-year, from $1.2B to $1.1B in fiscal year 2025.
Is Proassurance Cp profitable?
Yes, Proassurance Cp (PRA) reported a net income of $50.9M in fiscal year 2025, with a net profit margin of 4.6%.
How much debt does Proassurance Cp have?
As of fiscal year 2025, Proassurance Cp (PRA) had $36.5M in cash and equivalents against $420.4M 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 2025, 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 3.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Proassurance Cp's operating cash flow?
Proassurance Cp (PRA) generated -$25.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Proassurance Cp's total assets?
Proassurance Cp (PRA) had $5.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Proassurance Cp's debt-to-equity ratio?
Proassurance Cp (PRA) had a debt-to-equity ratio of 0.31 as of fiscal year 2025, 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 2025, measuring how efficiently the company uses its assets to generate profit.
What is Proassurance Cp's cash runway?
Based on fiscal year 2025 data, Proassurance Cp (PRA) had $36.5M in cash against an annual operating cash burn of $25.6M. This gives an estimated cash runway of approximately 17 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 1 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 -0.50x, 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.
How financially healthy is Proassurance Cp?
Proassurance Cp (PRA) scores 22 out of 100 on our Financial Health Score, indicating weak standing within its insurers peer group. The score is a 0-100 composite of six dimensions (Loss Ratio, Premium Growth, Capital, Investment Yield, Combined Ratio, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.