Vanguard Portfolio Management reports 2.8M ProAssurance holdings (NYSE: PRA)

Rhea-AI Filing Summary

ProAssurance Corp ownership disclosure: Vanguard Portfolio Management reports beneficial ownership of 2,800,643 shares of Common Stock, representing 5.44% of the class as stated in the filing. The filer reports sole power to vote 19,636 shares and sole dispositive power for 2,800,643 shares.

Insights

Institutional Ownership Specialist

Large passive stake disclosed: 2,800,643 shares (5.44%).

Schedule 13G shows Vanguard Portfolio Management holding 2,800,643 shares of ProAssurance Corp common stock with dispositive power over those shares. The filing language attributes holdings across Vanguard affiliates and funds as described.

Disclosure reflects beneficial ownership reporting requirements; timing and voting intent are stated through the ownership percentages and power breakdown in the filing.

Corporate Governance Analyst

Passive institutional position above the 5% threshold.

The filing lists 5.44% ownership and quantifies voting and dispositive powers (sole vote: 19,636; sole dispositive: 2,800,643), consistent with a large institutional holder structure.

Follow-up disclosures or amendments could appear if Vanguard's status or intent changes; current filing is informational.

Key Figures

Beneficial ownership: 2,800,643 shares Percent of class: 5.44% Sole voting power: 19,636 shares +3 more

6 metrics

Beneficial ownership 2,800,643 shares Amount beneficially owned (Item 4(a))

Percent of class 5.44% Percent of class (Item 4(b))

Sole voting power 19,636 shares Sole power to vote (Item 4(c)(i))

Sole dispositive power 2,800,643 shares Sole power to dispose (Item 4(c)(iii))

CUSIP 74267C106 CUSIP number listed on cover

Ownership date 03/31/2026 Date shown on cover

Key Terms

Schedule 13G, Beneficially owned, Dispositive power, Sole voting power

4 terms

Schedule 13G regulatory

"Name of form: SCHEDULE 13G (beneficial ownership filing)"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Beneficially owned regulatory

"reflects the securities beneficially owned, or deemed to be beneficially owned"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Dispositive power financial

"sole power to dispose or to direct the disposition of: 2800643"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

Sole voting power financial

"Sole Voting Power 19,636.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

ProAssurance Corp

(Name of Issuer)

Common Stock

(Title of Class of Securities)

74267C106

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 74267C106

1

Names of Reporting Persons

Vanguard Portfolio Management

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 19,636.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,800,643.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,800,643.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.44 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by Vanguard Portfolio Management LLC and the following affiliates of Vanguard Portfolio Management LLC or business divisions of such affiliates: Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC. This Schedule 13G includes securities held by Vanguard funds, or sleeves thereof, over which Vanguard Portfolio Management LLC exercises dispositive power, in addition to securities held by clients over which the affiliates or business divisions of such affiliates indicated above exercise dispositive and/or voting power. This Schedule 13G does not include securities, if any, beneficially owned by other subsidiaries or affiliates of Vanguard Portfolio Management LLC, or business divisions of such subsidiaries whose ownership of securities is disaggregated from that of the reporting business unit in accordance with such release.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: ProAssurance Corp
(b)	Address of issuer's principal executive offices: 100 Brookwood Place, Birmingham, AL, 35209
Item 2.
(a)	Name of person filing: Vanguard Portfolio Management
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd,, Malvern, PA, 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP Number(s): 74267C106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 2800643
(b)	Percent of class: 5.44 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 19636
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 2800643
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Vanguard Portfolio Management, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein.No one other person's interest in the securities reported herein is more than 5%.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Vanguard Portfolio Management

Signature:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	04/29/2026

FAQ

How many ProAssurance (PRA) shares does Vanguard Portfolio Management report?

Vanguard Portfolio Management reports beneficial ownership of 2,800,643 shares. This figure appears in Item 4(a) of the filing as the amount beneficially owned.

What percentage of PRA does Vanguard own according to the filing?

The filing states Vanguard beneficially owns 5.44% of the class. That percentage is reported in Item 4(b) alongside the share count.

What voting and dispositive powers does Vanguard report for PRA shares?

Vanguard reports sole power to vote 19,636 shares and sole power to dispose of 2,800,643 shares, with no shared voting or dispositive power listed.

Which Vanguard entities does the filing reference for these holdings?

The filing attributes holdings to Vanguard Portfolio Management LLC and affiliates including Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC, per the explanatory comment in the schedule.

What dates are shown in the Schedule 13G filing for PRA ownership?

The document shows an ownership date line of 03/31/2026 and a signature date of 04/29/2026, both included in the filing text.