Strategic Resilience | ProAssurance navigates industry challenges with disciplined underwriting and pricing strategies, focusing on long-term profitability over short-term growth |
Financial Turnaround | Explore how ProAssurance's Q2 2024 results surpassed expectations, with operating EPS of $0.23 and improved accident-year loss ratios in core segments |
Market Valuation | Delve into analyst perspectives on ProAssurance's stock, with price targets ranging from $17 to $22, reflecting potential upside despite current challenges |
Shareholder Value | Learn about ProAssurance's aggressive share repurchase program, viewed as highly accretive given the stock's significant discount to ex-AOCI book value |
ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company operates through Specialty Property and Casualty, Workers' Compensation Insurance, and Segregated Portfolio Cell Reinsurance segments. It offers professional liability insurance to healthcare providers and institutions, and attorneys and their firms; medical technology liability insurance to medical technology and life sciences companies; and custom alternative risk solutions, including assumed reinsurance, loss portfolio transfers, and captive cell programs for healthcare professional liability insureds. The company also provides workers' compensation insurance products, such as guaranteed cost policies, policyholder dividend policies, retrospectively rated policies, and deductible policies, as well as alternative market solutions that include program design, fronting, claims administration, risk management, SPC rental, asset management, and SPC management services for individual companies, agencies, groups, and associations. The company also participates in Syndicate 1729 at Lloyd's of London for underwriting. It markets its products through independent agencies and brokers, as well as an internal business development team. The company was founded in 1976 and is headquartered in Birmingham, Alabama.
Metrics to compare | PRA | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipPRAPeersSector | |
---|---|---|---|---|
P/E Ratio | −32.5x | 0.0x | 8.7x | |
PEG Ratio | 0.09 | 0.00 | 0.03 | |
Price/Book | 0.7x | 0.0x | 1.0x | |
Price / LTM Sales | 0.7x | 0.0x | 2.7x | |
Upside (Analyst Target) | 13.2% | 0.0% | 13.7% | |
Fair Value Upside | Unlock | 0.0% | 2.6% | Unlock |