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PROASSURANCE CORP (PRA)

For the quarter ending 2025-06-30, PRA made $294,577K in revenue. $40,223K in net income. Net profit margin of 13.65%.

Overview

Revenue
$294,577K
Net Income
$40,223K
Net Profit Margin
13.65%
EPS
$0.42
Unit: Thousand (K) dollars
Revenue Breakdown
    • Total revenues
    • Other comprehensive income (loss...
    • Current expense (benefit)

Unit: Thousand (K) dollars (except for numbers of shares and EPS)
2025-06-30
2025-03-31
2024-09-30
2024-06-30
Asset backed securities- -260 - -
Corporate debt securities- 415 - -
Segregated portfolio cell reinsurance- 816 [1]- -
Corporate- 36,135 [1]- -
Boli-cash surrender value- 618 [2]- -
Interest and dividend income, operating-short term investments and other invested assets- 2,574 [2]- -
Interest and dividend income, operating-debt securities- 35,033 [2]- -
Interest and dividend income, operating-equity securities- 878 [2]- -
Investment fees and expenses- -2,152 [2]- -
Segregated portfolio cell reinsurance-operating segments- -1 - -
Specialty propertyand casualty-operating segments- 3,766 - -
Workers compensation insurance segment-operating segments- 390 - -
Corporate-operating segments- -7,283 - -
Intersegment elimination- -341 - -
Gross premiums earned-mpl- 649 [1]- -
Gross premiums earned-workers compensation alternative market business- 12,694 [1]- -
Ceded premiums earned- -1,846 [1]- -
Segregated portfolio cell reinsurance- 11,497 [1]- -
Specialty propertyand casualty- 183,254 [1]- -
Gross premiums earned-alternative market business- 14,349 [1]- -
Gross premiums earned-traditional business- 43,627 [1]- -
Ceded premiums earned- -16,452 [1]- -
Workers compensation insurance segment- 41,524 [1]- -
Segregated portfolio cell reinsurance- 11,497 [2]- -
Specialty propertyand casualty- 183,254 [2]- -
Workers compensation insurance segment- 41,524 [2]- -
Boli- - 1,101 534
Interest and dividend income, operating- - 34,092 33,607
Investment fees and expenses- - 2,285 1,887
Gross premiums earned- - 186,376 180,671
Ceded premiums earned- - 17,204 17,147
Total revenues276,753 272,079 285,253 290,355
Net losses and loss adjustment expenses159,937 189,960 176,331 186,000
Operating expense49,148 50,810 48,036 46,199
Interest expense5,224 5,160 5,698 5,648
Dpac amortization31,767 32,381 32,353 33,818
Spc u.s. federal income tax expense (benefit)906 348 377 249
Spc dividend expense (income)2,336 -248 1,360 512
Total expenses249,318 278,411 264,155 272,426
Income (loss) before income taxes27,435 -6,332 21,098 17,929
Deferred expense (benefit)5,992 10 3,776 1,840
Current expense (benefit)-478 -520 881 581
Total income tax expense (benefit)5,514 -510 4,657 2,421
Net income (loss)21,921 -5,822 16,441 15,508
Other comprehensive income (loss), after tax, net of reclassification adjustments18,302 37,533 80,929 924
Comprehensive income (loss)40,223 31,711 97,370 16,432
Basic (in shares)51,345,000 51,188,000 51,156,000 51,060,000
Basic (in usd per share)0.43 -0.11 0.32 0.3
Diluted (in shares)51,677,000 51,445,000 51,277,000 51,225,000
Diluted (in usd per share)0.42 -0.11 0.32 0.3
Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement

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Impairment losses-$882K (-9700.00%↓ Y/Y)Net impairmentlosses recognized in...-$882K (-289.68%↓ Y/Y)Boli-Cash Surrender Value$621K Interest and dividendincome,...$2,482K Interest and dividendincome, operating-Debt...$36,594K Segregated Portfolio CellReinsurance-Operating Segments$18K Specialty PropertyandCasualty-Operating Segments$2,141K Gross premiumsearned-Alternative Market...$14,385K Gross premiumsearned-Lloyds...$326K Gross premiumsearned-Medical Technology And...$10,908K Gross premiumsearned-MPL-Segregated Portfolio Cell...$684K Gross premiumsearned-MPL-Specialty Propertyand...$179,982K Gross premiumsearned-Other...$3,956K Gross premiumsearned-Segregated Portfolio Cell...$12,799K Gross premiumsearned-Traditional...$45,481K Interest and dividendincome,...$1,237K Workers CompensationInsurance...$434K Equity in earnings(loss) of...$4,584K (-47.02%↓ Y/Y)Total net investmentgains (losses)$227K (-92.82%↓ Y/Y)Net investmentincome$38,933K (6.50%↑ Y/Y)Other income(expense)$602K (-71.54%↓ Y/Y)Net premiums earned$232,407K (-3.11%↓ Y/Y)Other net investmentgains (losses)-$655K (-118.05%↓ Y/Y)Investment fees andexpenses$2,001K (6.04%↑ Y/Y)Corporate-Operating Segments-$1,754K Ceded premiumsearned-Segregated Portfolio Cell...$1,927K Ceded premiumsearned-Specialty Propertyand...$15,864K Ceded premiumsearned-Workers Compensation...$18,323K Intersegment Elimination-$237K Total revenues$276,753K (-4.68%↓ Y/Y)Income (loss) beforeincome taxes$27,435K (53.02%↑ Y/Y)Total expenses$249,318K (-8.48%↓ Y/Y)Net income (loss)$21,921K (41.35%↑ Y/Y)Other comprehensiveincome (loss), after...$18,302K (1880.74%↑ Y/Y)Total income taxexpense (benefit)$5,514K (127.76%↑ Y/Y)Current expense(benefit)-$478K (-182.27%↓ Y/Y)Spc dividendexpense (income)$2,336K (356.25%↑ Y/Y)Spc u.s. federalincome tax expense...$906K (263.86%↑ Y/Y)Dpac amortization$31,767K (-6.06%↓ Y/Y)Interest expense$5,224K (-7.51%↓ Y/Y)Operating expense$49,148K (6.38%↑ Y/Y)Net losses and lossadjustment expenses$159,937K (-14.01%↓ Y/Y)Comprehensive income (loss)$40,223K (144.78%↑ Y/Y)Deferred expense(benefit)$5,992K (225.65%↑ Y/Y)