← PROASSURANCE CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $870.2m |
$866.1m
-0.47%
|
$886.0m
+2.30%
|
$999.8m
+12.84%
|
$874.9m
-12.49%
|
$1.1b
+28.51%
|
$1.1b
-1.58%
|
$1.1b
+2.76%
|
$1.2b
+1.16%
|
$1.1b
-4.55%
|
$1.1b
-2.04%
|
|
| Amortization of Intangible Assets | $8.1m | $5.8m | $6.2m | $6.1m | $6.2m | $6.4m | $6.5m | $6.5m | $6.1m | $5.7m | — | |
| Operating Lease, Expense | — | — | — | $4.5m | $4.4m | $5.0m | $5.4m | — | — | — | — | |
| Operating Expenses | $139.2m | $140.0m | $134.1m | $138.2m | $127.3m | $157.6m | $174.2m | $165.9m | $183.9m | $199.1m | $988.0m | |
| Interest Expense | $15.0m | $16.8m | $16.1m | $16.6m | $15.5m | $19.7m | $20.4m | $23.1m | $22.3m | $20.8m | $20.8m | |
| Net Investment Income | $100.0m | $95.7m | $91.9m | $93.3m | $72.0m | $70.5m | $96.0m | $128.4m | $144.5m | $156.5m | $156.1m | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | $13.2m | $7.3m | ($5.3m) | $496k | $2.6m | ($636k) | — | |
| Foreign Currency Transaction Gain (Loss), Realized | — | — | — | — | — | — | — | — | — | $15.9m | — | |
| Gain (Loss) on Investments | $34.9m | $16.4m | ($43.5m) | $59.9m | $15.7m | $24.3m | ($33.2m) | $13.8m | $1.9m | ($5.5m) | — | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | — | — | — | $65k | ($163k) | $0 | $0 | — | — | |
| Other Income | $7.8m | $7.5m | $9.8m | $9.2m | $6.5m | $8.9m | $9.4m | $10.8m | $13.5m | ($3.5m) | — | |
| Income (Loss) from Equity Method Investments | ($5.8m) | $8.0m | $8.9m | ($10.1m) | ($11.9m) | $49.0m | $4.9m | $6.8m | $22.2m | $16.3m | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $176.2m | $128.6m | $29.0m | ($28.8m) | ($217.1m) | $146.6m | ($6.2m) | ($39.1m) | $63.1m | $72.1m | $87.6m | |
| Current Income Tax Expense (Benefit) | $16.6m | $19.7m | ($6.2m) | ($1.2m) | ($20.2m) | $1.2m | $807k | $1.2m | ($2.5m) | $4.4m | $22.4m | |
| SPC U.S. federal income tax expense (benefit) | — | — | $366k | $1.1m | $1.7m | $1.9m | $1.8m | $1.6m | $1.8m | $2.4m | — | |
| Income Tax Expense (Benefit) | $25.1m | $21.4m | ($18.0m) | ($29.8m) | ($41.3m) | $2.5m | ($5.8m) | ($545k) | $10.3m | $21.2m | $22.4m | |
| Net losses and loss adjustment expenses | $443.2m | $469.2m | $593.2m | $753.9m | $661.4m | $752.2m | $776.8m | $800.5m | $739.4m | $665.4m | — | |
| Net Income (Loss) Attributable to Parent | $151.1m |
$107.3m
-29.00%
|
$47.1m
-56.13%
|
$1.0m
-97.87%
|
($175.7m)
-17602.69%
|
$144.1m
+182.02%
|
($402k)
-100.28%
|
($38.6m)
-9502.99%
|
$52.7m
+236.63%
|
$50.9m
-3.47%
|
$65.2m
+28.05%
|
|
| Income (Loss) from Continuing Operations, Per Diluted Share | — | ($0) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Earnings Per Share, Basic | $2.84 | $2.01 | $0.88 | $0.02 | ($3.26) | $2.67 | ($0.01) | ($0.73) | $1.03 | $0.99 | $1.26 | |
| Earnings Per Share, Diluted | $2.83 | $2.00 | $0.88 | $0.02 | ($3.26) | $2.67 | ($0.01) | ($0.73) | $1.03 | $0.99 | $1.26 | |
| Common Stock, Dividends, Per Share, Declared | $5.93 | $5.93 | $1.74 | $1.24 | $0.46 | $0.20 | $0.20 | $0.05 | $0.00 | $0.00 | — | |
| Basic (in shares) | $53.2m | $53.4m | $53.6m | $53.7m | $53.9m | $54.0m | $54.0m | $52.6m | $51.1m | $51.3m | $51.4m | |
| Diluted (in shares) | $53.4m | $53.6m | $53.7m | $53.8m | $53.9m | $54.1m | $54.1m | $52.8m | $51.3m | $51.7m | $51.8m | |
| Weighted Average Number of Shares Outstanding, Basic | 53.2m | 53.4m | 53.6m | 53.7m | 53.9m | 54.0m | 54.0m | 52.6m | 51.1m | 51.3m | 51.4m | |
| Weighted Average Number of Shares Outstanding, Diluted | 53.4m | 53.6m | 53.7m | 53.8m | 53.9m | 54.1m | 54.1m | 52.8m | 51.3m | 51.7m | 51.8m | |
| Expenses | ||||||||||||
| Additional Financial Items | ||||||||||||
| Deferred Policy Acquisition Costs, Amortization Expense | $88.4m | $95.8m | $104.5m | $115.3m | $110.6m | $110.6m | $133.2m | $134.8m | $135.4m | $131.3m | — | |
| Realized Investment Gains (Losses) | $34.9m | $16.4m | ($43.5m) | $59.9m | $15.7m | $24.3m | ($33.2m) | $13.8m | $1.9m | ($5.5m) | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $161.1m | $0 | $0 | $44.1m | $0 | $0 | $0 | |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | $443.2m | $469.2m | $593.2m | $753.9m | $661.4m | $752.2m | $776.8m | $800.5m | $739.4m | $665.4m | — | |
| Net premiums earned | $733.3m | $738.5m | $818.9m | $847.5m | $792.7m | $971.7m | $1.0b | $977.4m | $968.2m | $934.2m | — | |
| Equity in earnings (loss) of unconsolidated subsidiaries | ($5.8m) | $8.0m | $8.9m | ($10.1m) | ($11.9m) | $49.0m | $4.9m | $6.8m | $22.2m | $16.3m | — | |
| Impairment losses | — | — | ($490k) | ($978k) | ($1.7m) | $0 | ($1.8m) | ($3.1m) | ($3.3m) | ($1.9m) | — | |
| Portion of impairment losses recognized in other comprehensive income (loss) before taxes | — | — | $0 | $227k | $237k | $0 | $14k | $0 | $102k | $358k | — | |
| Net impairment losses recognized in earnings | ($9.8m) | ($13.0m) | ($490k) | ($751k) | ($1.5m) | $0 | ($1.8m) | ($3.1m) | ($3.2m) | ($1.5m) | — | |
| Other net investment gains (losses) | — | $29.4m | ($43.0m) | $60.6m | $17.2m | $24.3m | ($31.4m) | $16.9m | $5.1m | ($4.0m) | — | |
| DPAC amortization | $88.4m | $95.8m | $104.5m | $115.3m | $110.6m | $110.6m | $133.2m | $134.8m | $135.4m | $131.3m | — | |
| SPC dividend expense (income) | — | $15.8m | $9.1m | $4.6m | $14.3m | $10.1m | $6.7m | $6.2m | $4.4m | $6.9m | — | |
| Goodwill impairment | $0 | $0 | $0 | $0 | $161.1m | $0 | $0 | $44.1m | $0 | $0 | $0 | |
| Current expense (benefit) | $16.6m | $19.7m | ($6.2m) | ($1.2m) | ($20.2m) | $1.2m | $807k | $1.2m | ($2.5m) | $4.4m | — | |
| Deferred expense (benefit) | $8.5m | $1.7m | ($11.8m) | ($28.6m) | ($21.1m) | $1.3m | ($6.6m) | ($1.8m) | $12.8m | $16.8m | — | |
| Other comprehensive income (loss), after tax, net of reclassification adjustments | ($6.5m) | ($2.5m) | ($35.2m) | $53.9m | $38.3m | ($58.9m) | ($314.9m) | $94.1m | $32.1m | $91.3m | — | |
| Comprehensive income (loss) | $144.6m | $104.8m | $11.8m | $54.9m | ($137.5m) | $85.2m | ($315.3m) | $55.5m | $84.8m | $142.3m | — | |
| Policyholder Benefits and Claims Incurred, Net | $443.2m | $469.2m | $593.2m | $753.9m | $661.4m | $752.2m | $776.8m | $800.5m | $739.4m | $665.4m | — | |
| Benefits, Losses and Expenses | $694.0m | $737.5m | $857.0m | $1.0b | $1.1b | $1.1b | $1.1b | $1.2b | $1.1b | $1.0b | — | |
| Premiums Earned, Net | $733.3m | $738.5m | $818.9m | $847.5m | $792.7m | $971.7m | $1.0b | $977.4m | $968.2m | $934.2m | — | |
| Total net investment gains (losses) | $34.9m | $16.4m | ($43.5m) | $59.9m | $15.7m | $24.3m | ($33.2m) | $13.8m | $1.9m | ($5.5m) | — | |
| Total expenses | $694.0m | $737.5m | $857.0m | $1.0b | $1.1b | $1.1b | $1.1b | $1.2b | $1.1b | $1.0b | $988.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.