ProAssurance Corporation (PRA) - Net Assets
Based on the latest financial reports, ProAssurance Corporation (PRA) has net assets worth $1.30 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.55 Billion) and total liabilities ($4.25 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore ProAssurance Corporation cash conversion from operations to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.30 Billion |
| % of Total Assets | 23.49% |
| Annual Growth Rate | 8.08% |
| 5-Year Change | -10.93% |
| 10-Year Change | -50.09% |
| Growth Volatility | 17.06 |
ProAssurance Corporation - Net Assets Trend (1991–2024)
This chart illustrates how ProAssurance Corporation's net assets have evolved over time, based on quarterly financial data. Explore investment intensity of ProAssurance Corporation to see how much of total assets are deployed in long-term investments.
Annual Net Assets for ProAssurance Corporation (1991–2024)
The table below shows the annual net assets of ProAssurance Corporation from 1991 to 2024. For live valuation and market cap data, see market value of ProAssurance Corporation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.20 Billion | +8.07% |
| 2023-12-31 | $1.11 Billion | +0.72% |
| 2022-12-31 | $1.10 Billion | -40.34% |
| 2021-12-31 | $1.85 Billion | +37.15% |
| 2020-12-31 | $1.35 Billion | -10.76% |
| 2019-12-31 | $1.51 Billion | -23.99% |
| 2018-12-31 | $1.99 Billion | -2.12% |
| 2017-12-31 | $2.03 Billion | -9.44% |
| 2016-12-31 | $2.24 Billion | -6.79% |
| 2015-12-31 | $2.41 Billion | +11.57% |
| 2014-12-31 | $2.16 Billion | -9.88% |
| 2013-12-31 | $2.39 Billion | +5.45% |
| 2012-12-31 | $2.27 Billion | +4.90% |
| 2011-12-31 | $2.16 Billion | +16.63% |
| 2010-12-31 | $1.86 Billion | +8.87% |
| 2009-12-31 | $1.70 Billion | +19.74% |
| 2008-12-31 | $1.42 Billion | +13.43% |
| 2007-12-31 | $1.26 Billion | +12.21% |
| 2006-12-31 | $1.12 Billion | +46.21% |
| 2005-12-31 | $765.05 Million | +25.21% |
| 2004-12-31 | $611.02 Million | +11.85% |
| 2003-12-31 | $546.30 Million | +8.14% |
| 2002-12-31 | $505.19 Million | +15.94% |
| 2001-12-31 | $435.72 Million | +26.23% |
| 2000-12-31 | $345.17 Million | +5.98% |
| 1999-12-31 | $325.70 Million | +0.46% |
| 1998-12-31 | $324.20 Million | +12.88% |
| 1997-12-31 | $287.20 Million | +17.42% |
| 1996-12-31 | $244.60 Million | +17.60% |
| 1995-12-31 | $208.00 Million | +28.79% |
| 1994-12-31 | $161.50 Million | +4.26% |
| 1993-12-31 | $154.90 Million | +33.65% |
| 1992-12-31 | $115.90 Million | +25.16% |
| 1991-12-31 | $92.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to ProAssurance Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 4558.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.43 Billion | 119.39% |
| Common Stock | $638.00K | 0.05% |
| Other Comprehensive Income | $-172.39 Million | -14.35% |
| Total Equity | $1.20 Billion | 100.00% |
ProAssurance Corporation Competitors by Market Cap
The table below lists competitors of ProAssurance Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cheil Worldwide
KO:030000
|
$1.26 Billion |
|
Gold.com, Inc.
NASDAQ:GOLD
|
$1.26 Billion |
|
Guangdong Fuxin Technology Co. Ltd. A
SHG:688662
|
$1.26 Billion |
|
British American Tobacco PLC
LSE:BATS
|
$1.26 Billion |
|
Home First Finance Company India Limited
NSE:HOMEFIRST
|
$1.26 Billion |
|
Shenzhen Hui Chuang Da Technology Co.Ltd
SHE:300909
|
$1.26 Billion |
|
Fujian Yuanli Active Carbon Co Ltd
SHE:300174
|
$1.26 Billion |
|
China Communications Services Corporation Limited
F:CMW
|
$1.26 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ProAssurance Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,111,980,000 to 1,201,749,000, a change of 89,769,000 (8.1%).
- Net income of 52,744,000 contributed positively to equity growth.
- Dividend payments of 20,908,000 reduced retained earnings.
- Share repurchases of 8,000 reduced equity.
- New share issuances of 8,000 increased equity.
- Other comprehensive income increased equity by 32,098,000.
- Other factors increased equity by 25,835,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $52.74 Million | +4.39% |
| Dividends Paid | $20.91 Million | -1.74% |
| Share Repurchases | $8.00K | -0.0% |
| Share Issuances | $8.00K | +0.0% |
| Other Comprehensive Income | $32.10 Million | +2.67% |
| Other Changes | $25.84 Million | +2.15% |
| Total Change | $- | 8.07% |
Book Value vs Market Value Analysis
This analysis compares ProAssurance Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.04x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 13.38x to 1.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1991-12-31 | $1.83 | $24.48 | x |
| 1992-12-31 | $2.30 | $24.48 | x |
| 1993-12-31 | $3.09 | $24.48 | x |
| 1994-12-31 | $3.38 | $24.48 | x |
| 1995-12-31 | $4.27 | $24.48 | x |
| 1996-12-31 | $5.07 | $24.48 | x |
| 1997-12-31 | $5.78 | $24.48 | x |
| 1998-12-31 | $6.57 | $24.48 | x |
| 1999-12-31 | $6.79 | $24.48 | x |
| 2000-12-31 | $7.40 | $24.48 | x |
| 2001-12-31 | $8.51 | $24.48 | x |
| 2002-12-31 | $9.62 | $24.48 | x |
| 2003-12-31 | $8.99 | $24.48 | x |
| 2004-12-31 | $9.55 | $24.48 | x |
| 2005-12-31 | $11.62 | $24.48 | x |
| 2006-12-31 | $16.01 | $24.48 | x |
| 2007-12-31 | $17.52 | $24.48 | x |
| 2008-12-31 | $20.71 | $24.48 | x |
| 2009-12-31 | $25.71 | $24.48 | x |
| 2010-12-31 | $28.84 | $24.48 | x |
| 2011-12-31 | $35.09 | $24.48 | x |
| 2012-12-31 | $36.72 | $24.48 | x |
| 2013-12-31 | $38.61 | $24.48 | x |
| 2014-12-31 | $36.25 | $24.48 | x |
| 2015-12-31 | $43.76 | $24.48 | x |
| 2016-12-31 | $41.99 | $24.48 | x |
| 2017-12-31 | $37.91 | $24.48 | x |
| 2018-12-31 | $37.01 | $24.48 | x |
| 2019-12-31 | $28.08 | $24.48 | x |
| 2020-12-31 | $25.03 | $24.48 | x |
| 2021-12-31 | $34.23 | $24.48 | x |
| 2022-12-31 | $20.39 | $24.48 | x |
| 2023-12-31 | $21.07 | $24.48 | x |
| 2024-12-31 | $23.44 | $24.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ProAssurance Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.39%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.68%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 4.64x
- Recent ROE (4.39%) is below the historical average (9.54%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1991 | 19.13% | 23.03% | 0.22x | 3.82x | $8.35 Million |
| 1992 | 20.02% | 26.91% | 0.21x | 3.54x | $11.46 Million |
| 1993 | 19.92% | 34.78% | 0.17x | 3.31x | $15.19 Million |
| 1994 | 15.54% | 28.97% | 0.15x | 3.54x | $8.84 Million |
| 1995 | 14.42% | 26.93% | 0.15x | 3.50x | $9.10 Million |
| 1996 | 12.71% | 22.33% | 0.15x | 3.70x | $6.64 Million |
| 1997 | 13.06% | 23.34% | 0.15x | 3.70x | $8.78 Million |
| 1998 | 14.62% | 24.48% | 0.17x | 3.49x | $14.98 Million |
| 1999 | 14.34% | 22.43% | 0.19x | 3.43x | $14.13 Million |
| 2000 | 7.04% | 10.92% | 0.20x | 3.25x | $-10.22 Million |
| 2001 | 3.01% | 3.25% | 0.17x | 5.42x | $-28.87 Million |
| 2002 | 2.42% | 3.04% | 0.16x | 5.12x | $-38.31 Million |
| 2003 | 7.08% | 7.22% | 0.19x | 5.27x | $-15.93 Million |
| 2004 | 11.92% | 9.16% | 0.25x | 5.30x | $11.71 Million |
| 2005 | 14.83% | 17.51% | 0.17x | 5.11x | $36.95 Million |
| 2006 | 21.14% | 32.05% | 0.17x | 3.88x | $124.57 Million |
| 2007 | 13.40% | 23.82% | 0.16x | 3.54x | $42.68 Million |
| 2008 | 12.48% | 31.59% | 0.13x | 3.01x | $35.37 Million |
| 2009 | 13.03% | 33.01% | 0.14x | 2.73x | $51.57 Million |
| 2010 | 12.48% | 33.46% | 0.14x | 2.63x | $46.01 Million |
| 2011 | 13.26% | 39.55% | 0.15x | 2.31x | $70.65 Million |
| 2012 | 12.13% | 38.12% | 0.15x | 2.15x | $48.41 Million |
| 2013 | 12.43% | 40.61% | 0.14x | 2.15x | $58.08 Million |
| 2014 | 9.11% | 23.17% | 0.16x | 2.40x | $-19.23 Million |
| 2015 | 4.83% | 15.12% | 0.14x | 2.23x | $-124.56 Million |
| 2016 | 6.73% | 17.25% | 0.16x | 2.46x | $-73.32 Million |
| 2017 | 5.28% | 12.50% | 0.16x | 2.64x | $-95.96 Million |
| 2018 | 2.37% | 5.37% | 0.17x | 2.55x | $-151.86 Million |
| 2019 | 0.07% | 0.10% | 0.21x | 3.18x | $-150.19 Million |
| 2020 | -13.02% | -19.81% | 0.19x | 3.45x | $-310.65 Million |
| 2021 | 7.79% | 13.40% | 0.16x | 3.57x | $-40.92 Million |
| 2022 | -0.04% | -0.04% | 0.19x | 5.16x | $-110.80 Million |
| 2023 | -3.47% | -3.42% | 0.20x | 5.06x | $-149.80 Million |
| 2024 | 4.39% | 4.68% | 0.20x | 4.64x | $-67.43 Million |
Industry Comparison
This section compares ProAssurance Corporation's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $8,848,879,000
- Average return on equity (ROE) among peers: 11.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ProAssurance Corporation (PRA) | $1.30 Billion | 19.13% | 3.26x | $1.26 Billion |
| American Coastal Insurance Corp (ACIC) | $540.37 Million | 0.05% | 3.30x | $509.05 Million |
| American Financial Group, Inc. (AFG) | $1.66 Billion | 5.89% | 1.13x | $10.96 Billion |
| Aspen Insurance Holdings Limited (AHL) | $3.49 Billion | 8.04% | 1.96x | $119.39 Million |
| American Integrity Insurance Group, Inc. (AII) | $337.02 Million | 29.56% | 2.63x | $327.01 Million |
| Assurant Inc (AIZ) | $5.19 Billion | 9.33% | 4.58x | $10.94 Billion |
| The Allstate Corporation (ALL) | $21.85 Billion | 21.22% | 6.16x | $54.30 Billion |
| Ategrity Specialty Insurance Company Holdings (ASIC) | $614.86 Million | 12.04% | 1.40x | $944.80 Million |
| Bowhead Specialty Holdings Inc. (BOW) | $449.27 Million | 11.97% | 4.28x | $885.97 Million |
| Chubb Ltd (CB) | $48.27 Billion | 8.57% | 2.31x | $124.22 Billion |
| Cincinnati Financial Corporation (CINF) | $6.09 Billion | 9.89% | 1.63x | $24.98 Billion |
About ProAssurance Corporation
ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. It operates through Specialty Property and Casualty, Workers' Compensation Insurance, and Segregated Portfolio Cell Reinsurance segments. The company offers professional liability insurance to healthcare providers and institutions, and attorneys and their fi… Read more