PRA
Financial ServicesProAssurance Corporation · Insurance - Property & Casualty · $1B
What is ProAssurance Corporation?
ProAssurance Corporation is a specialty insurance holding company headquartered in Birmingham, Alabama. Founded in 1991, it focuses on professional liability and workers' compensation coverage across the United States.
ProAssurance generates revenue by underwriting specialty property and casualty insurance products, primarily for healthcare providers, attorneys, and life sciences companies. It also writes workers' compensation policies and participates in Lloyd's of London Syndicate 1729 for broader property and casualty reinsurance. Products reach customers through independent agencies, brokers, and an internal sales force.
ProAssurance was founded in 1991 and operates out of Birmingham, Alabama.
- Professional liability insurance for healthcare providers and attorneys
- Medical technology and life sciences liability coverage
- Workers' compensation insurance and alternative market solutions
- Lloyd's of London property and casualty reinsurance participation
Is PRA a Good Stock to Buy?
UQS Score rates PRA as Poor overall, reflecting weak readings across most of its five evaluated pillars.
Among the five pillars, Risk and Valuation both register at a Neutral level, suggesting the stock is not dramatically mispriced relative to its fundamentals and does not carry extreme balance-sheet danger by itself.
Quality, Moat, and Growth all score Weak — pointing to thin competitive advantages, limited earnings power, and little evidence of meaningful expansion in the business.
See the exact pillar breakdown and full financial metrics by signing up for a Pro account at UQS Score. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does PRA pay dividends?
No — ProAssurance Corporation does not currently pay a dividend.
ProAssurance does not currently pay a dividend. For a specialty insurer navigating underwriting pressures and weak profitability signals, retaining capital rather than distributing it can reflect a focus on shoring up reserves and maintaining regulatory solvency ratios. Income-focused investors should factor this into their assessment.
When does PRA report earnings?
ProAssurance reports earnings on a quarterly cadence, consistent with standard practice for US-listed insurance companies.
The company's recent results have reflected the challenges visible in its UQS pillar profile — weak quality and growth indicators suggest underwriting results and profitability have faced headwinds. Investors should review segment-level commentary for trends in loss ratios and reserve development.
For the most recent quarter's results and guidance, visit ProAssurance's investor relations page directly.
PRA Price History
+3.3% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in ProAssurance Corporation?
Based on ProAssurance Corporation's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
PRA Long-term Outlook
Given Weak Growth and Weak Quality pillar ratings, ProAssurance's near-term fundamental trajectory appears challenged. The Neutral Risk rating provides some reassurance that catastrophic balance-sheet deterioration is not the base case, but meaningful earnings expansion looks difficult without a material improvement in underwriting performance or market conditions. Valuation at a Neutral level means the stock is not obviously cheap enough to offset these concerns.
Growth drivers
- Potential hardening of specialty liability insurance pricing in healthcare and life sciences
- Expansion of alternative market and segregated portfolio cell reinsurance services
- Broader participation through Lloyd's Syndicate 1729 in diversified property and casualty lines
Key risks
- Persistent weakness in underwriting quality and profitability metrics
- Competitive pressure in professional liability markets limiting pricing power
- Adverse reserve development in workers' compensation or healthcare liability segments
PRA vs Peers
ProAssurance operates alongside several specialty and regional insurance peers, each with a distinct market focus.
Kemper operates across personal and commercial lines with a broader product mix than ProAssurance's specialty-focused book.
American Financial Group emphasizes specialty property and casualty niches with a more diversified underwriting portfolio and annuity operations.
Safety Insurance Group concentrates on personal lines in New England, giving it a regionally concentrated but operationally focused model compared to ProAssurance's national specialty approach.
Frequently Asked Questions
What does ProAssurance do?
ProAssurance underwrites specialty property and casualty insurance, primarily professional liability coverage for healthcare providers, attorneys, and life sciences companies. It also offers workers' compensation products and participates in Lloyd's of London reinsurance through Syndicate 1729.
Does PRA pay dividends?
ProAssurance does not currently pay a dividend. The company appears to be retaining capital rather than distributing it to shareholders, which is relevant for income-focused investors evaluating PRA.
When does PRA report earnings?
ProAssurance follows a standard quarterly earnings cadence for US-listed companies. For exact reporting dates and the most recent results, check the investor relations section of ProAssurance's official website.
Is PRA a good stock to buy?
UQS Score rates PRA as Poor overall. Weak Quality, Moat, and Growth pillar scores indicate meaningful fundamental challenges. Risk and Valuation are Neutral, which tempers extreme downside concerns but does not offset the broader weakness. The full pillar breakdown is available to Pro members.
Is PRA overvalued?
PRA's Valuation pillar registers as Neutral, suggesting the stock is neither obviously cheap nor dramatically expensive relative to its fundamentals. However, a Neutral valuation alongside Weak Quality and Growth pillars means there is limited margin of safety for investors.
How does PRA compare to its competitors?
Compared to peers like American Financial Group and Safety Insurance Group, ProAssurance's narrower specialty focus on healthcare professional liability and workers' compensation creates concentration risk. Its UQS pillar profile currently trails what stronger-rated specialty insurers tend to show across quality and moat dimensions.
What is PRA's market cap bracket?
ProAssurance is classified as a small-cap company. This places it in a segment of the market that can carry higher volatility and lower liquidity than large-cap insurance peers, which is worth considering alongside its Poor overall UQS Score.
Who founded ProAssurance?
ProAssurance was founded in 1991 and is headquartered in Birmingham, Alabama. Detailed founding history and leadership background are publicly available through the company's official corporate profile and investor relations materials.
Is PRA a long-term quality investment?
As a long-term quality indicator, UQS Score rates PRA as Poor. Weak scores across Quality, Moat, and Growth pillars suggest the business has not demonstrated the durable competitive advantages or consistent earnings power typically associated with strong long-term holdings. Pro members can view the complete analysis.
What is the main competitive advantage of ProAssurance?
ProAssurance's Moat pillar scores as Weak, indicating limited durable competitive advantages at this time. Its long operating history in specialty healthcare liability and its Lloyd's participation provide some differentiation, but these have not translated into strong moat indicators by UQS methodology.
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Pro Analysis
PRA — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 29.1 | 17.3 | 23.0 | 15.9 | 54.1 | 51.4 | +0.1 |
| May 20, 2026 | 29.0 | 17.3 | 23.0 | 15.9 | 54.1 | 50.6 | 0.0 |
| May 14, 2026 | 29.0 | 17.3 | 23.0 | 15.9 | 54.1 | 50.7 | -0.1 |
| May 12, 2026 | 29.1 | 17.3 | 23.0 | 15.9 | 54.1 | 51.6 | +9.2 |
| May 10, 2026 | 19.9 | 8.2 | 23.0 | 15.9 | 7.5 | 52.2 | -0.1 |
| May 8, 2026 | 20.0 | 8.2 | 23.0 | 15.9 | 7.5 | 52.4 | -4.7 |
| May 7, 2026 | 24.7 | 13.8 | 23.0 | 14.4 | 40.5 | 43.8 | +0.1 |
| May 3, 2026 | 24.6 | 13.8 | 23.0 | 14.4 | 40.5 | 43.0 | 0.0 |
| Apr 26, 2026 | 24.6 | 13.8 | 23.0 | 14.4 | 40.5 | 42.9 | 0.0 |
| Apr 19, 2026 | 24.6 | 13.8 | 23.0 | 14.4 | 40.5 | 43.0 | -0.1 |
PRA — Pillar Breakdown
Quality
— 17.3/100 (25%)ProAssurance Corporation currently shows below-average quality metrics, suggesting challenges with profitability.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 15.9/100 (20%)ProAssurance Corporation faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 54.1/100 (15%)ProAssurance Corporation has some risk factors including moderate leverage or solvency concerns.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 51.3/100 (15%)ProAssurance Corporation has a mixed valuation — some metrics suggest fair value while others appear stretched.
Inverse of forward P/E — higher yield means cheaper stock.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 23/100 (25%)ProAssurance Corporation operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for PRA.
Score Composition
Financial Data
More Stock Analysis
How is the PRA UQS Score Calculated?
The UQS (Unified Quality Score) for ProAssurance Corporation is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses ProAssurance Corporation's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether ProAssurance Corporation is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.