Articles from ProAssurance Corporation

The Doctors Company, the nation’s largest physician-owned medical malpractice insurer, and ProAssurance Corporation (NYSE: PRA), an industry-leading specialty insurer with extensive expertise in medical liability, products liability for medical technology and life sciences, and workers’ compensation insurance, today announced that they have entered into a definitive agreement under which ProAssurance will be acquired by The Doctors Company. Under the terms of the agreement, ProAssurance stockholders will receive $25.00 in cash per share, representing an approximately 60% premium to the closing price per share of ProAssurance common stock on March 18, 2025, the last trading day prior to today’s announcement, with a transaction value of approximately $1.3 billion. The combined company will have assets of approximately $12 billion.

ProAssurance Corporation (NYSE: PRA), an industry-leading specialty insurer with extensive expertise in medical professional liability and a core small-cap value equity in the financials sector, today reported net income of $16.2 million, or $0.31 per diluted share, and operating income(1) of $18.3 million, or $0.36 per diluted share, for the three months ended December 31, 2024. For full-year 2024, ProAssurance reported net income of $52.7 million, or $1.03 per diluted share, and operating income(1) of $48.6 million, or $0.95 per diluted share.

ProAssurance Corporation (NYSE: PRA) will issue its news release and file its Form 10-K after the market closes on Monday, February 24, 2025. The release and 10-K will be available on the Company’s website at investor.proassurance.com.

ProAssurance Corporation (NYSE: PRA), an industry-leading specialty insurer with extensive expertise in medical professional liability and a core small-cap value equity in the financials sector, today reported net income of $16.4 million, or $0.32 per diluted share, and operating income(1) of $17.3 million, or $0.34 per diluted share, for the three months ended September 30, 2024.

ProAssurance Corporation (NYSE: PRA) will issue its news release and file its Form 10-Q regarding third quarter 2024 results after the market closes on Thursday, November 7, 2024. The release and 10-Q will be available on the Company’s website at investor.proassurance.com.

ProAssurance Corporation (NYSE: PRA), an industry-leading specialty insurer with extensive expertise in medical professional liability and a core small-cap value equity in the financials sector, today reported net income of $15.5 million, or $0.30 per diluted share, and operating income(1) of $11.5 million, or $0.23 per diluted share, for the three months ended June 30, 2024.

ProAssurance Corporation (NYSE: PRA) will issue its news release and file its Form 10-Q regarding second quarter 2024 results after the market closes on Thursday, August 8, 2024. The release and 10-Q will be available on the Company’s website at investor.proassurance.com.

ProAssurance Corporation (NYSE:PRA) today announced that at its Annual Meeting of Shareholders held on May 22, shareholders elected new directors Richard J. Bielen, C.P.A., and Staci M. Pierce, J.D., and re-elected directors Bruce D. Angiolillo, J.D. (chairman), and Samuel A. Di Piazza, Jr., C.P.A., to serve three year terms expiring at the company's 2027 annual meeting. The company's board of directors now consists of 10 members, down from the previous 12.

ProAssurance Corporation (NYSE: PRA) reports net income of $4.6 million, or $0.09 per diluted share, and operating income(1) of $4.2 million, or $0.08 per diluted share, for the three months ended March 31, 2024.

ProAssurance Corporation (NYSE:PRA) will report results for the quarter ended March 31, 2024 after the close of normal New York Stock Exchange trading on Monday, May 6, 2024.

ProAssurance Corporation (NYSE: PRA) reports net income of $6.4 million, or $0.12 per diluted share, and an operating loss(1) of $2.5 million, or $0.05 per diluted share, for the three months ended December 31, 2023.

ProAssurance Corporation (NYSE:PRA) will report results for the year and quarter ended December 31, 2023 after the close of normal New York Stock Exchange trading on Tuesday, February 27, 2024.

ProAssurance Corporation (NYSE: PRA) reports a net loss of $49.4 million, or $0.95 per diluted share, and an operating loss(1) of $3.7 million, or $0.07 per diluted share, for the three months ended September 30, 2023.

ProAssurance Corporation (NYSE:PRA) will report results for the quarter ended September 30, 2023 after the close of normal New York Stock Exchange trading on Wednesday, November 8, 2023.

PICA Group, part of the ProAssurance family of companies, announced today the retirement of Dr. Ross E. Taubman, DPM. effective March 31, 2024, after 12 years of dedicated service.

ProAssurance Corporation (NYSE: PRA) reports net income of $10.6 million, or $0.20 per diluted share, and operating income(1) of $8.6 million, or $0.16 per diluted share, for the three months ended June 30, 2023.

ProAssurance Corporation (NYSE:PRA) will report results for the quarter ended June 30, 2023 after the close of normal New York Stock Exchange trading on Tuesday, August 8th, 2023.

ProAssurance Corporation (NYSE:PRA) on May 24th held its Annual Meeting of Shareholders. As a result of voting on the matters placed before the shareholders at the Annual Meeting, the company’s four director nominees were re-elected to three-year terms, and shareholders ratified the selection of Ernst & Young, LLP as our independent auditing firm for the fiscal year ending December 31, 2023.

ProAssurance Corporation (NYSE: PRA) reports a net loss of $6.2 million, or $0.11 per diluted share, and an operating loss(1) of $8.1 million, or $0.15 per diluted share, for the three months ended March 31, 2023.

ProAssurance Corporation (NYSE:PRA) will report results for the quarter ended March 31, 2023 after the close of normal New York Stock Exchange trading on Tuesday, May 9th, 2023.

Today the board of directors of ProAssurance Corporation (NYSE:PRA) declared a cash dividend of $0.05 per common share, payable on April 13, 2023 to shareholders of record as of March 29, 2023.

ProAssurance Corporation (NYSE:PRA) today announced that Mike Boguski has decided to retire from his role as President of Specialty Property & Casualty on June 30, 2023. Mike will be available through the end of the year to consult and assist with the transition of his responsibilities.

ProAssurance Corporation (NYSE: PRA) reports net income of $13.9 million, or $0.26 per diluted share, and operating income(1) of $3.5 million, or $0.06 per diluted share, for the three months ended December 31, 2022.

ProAssurance Corporation (NYSE:PRA) will report results for the quarter and year ended December 31, 2022 after the close of normal New York Stock Exchange trading on Monday, February 27th, 2023.

The board of directors of ProAssurance Corporation (NYSE:PRA) declared a cash dividend of $0.05 per common share, payable on January 10, 2023 to shareholders of record as of December 22, 2022.

ProAssurance Corporation (NYSE: PRA) reports a net loss of $9.1 million, or $0.17 per diluted share, and an operating loss(1) of $3.0 million, or $0.06 per diluted share, for the three months ended September 30, 2022.

ProAssurance Corporation (NYSE:PRA) will report results for the quarter ended September 30, 2022 after the close of normal New York Stock Exchange trading on Tuesday, November 8, 2022.

The board of directors of ProAssurance Corporation (NYSE:PRA) declared a cash dividend of $0.05 per common share, payable on October 13, 2022 to shareholders of record as of September 29, 2022.

ProAssurance Corporation (NYSE: PRA) reports a net loss of $1.7 million, or $0.03 per diluted share, and operating income(1) of $16.3 million, or $0.30 per diluted share, for the three months ended June 30, 2022.

ProAssurance Corporation (NYSE:PRA) will report results for the quarter ended June 30, 2022 after the close of normal New York Stock Exchange trading on Monday, August 8, 2022.

Shareholders of ProAssurance Corporation (NYSE:PRA), acting at today's Annual Meeting of Shareholders, cast approximately 91% of their votes to reelect Kedrick D. Adkins Jr., CPA, Bruce D. Angiolillo, JD, Maye Head Frei, and Scott C. Syphax to our Board, with each receiving over 96% of the votes cast by shareholders. They will serve a three-year term ending at the Annual Meeting of Shareholders in 2025. Bruce D. Angiolillo was elected by the board to serve as Independent Chair.

ProAssurance Corporation (NYSE: PRA) reports a net loss of $3.6 million, or $0.07 per diluted share, and operating income(1) of $7.7 million, or $0.14 per diluted share, for the three months ended March 31, 2022.

ProAssurance Corporation (NYSE:PRA) today announced that W. Stancil (Stan) Starnes, Executive Chairman of the Board of Directors, will retire from the ProAssurance board at the end of his current term and is not standing for re-election. Mr. Starnes will serve his remaining term as a director and Executive Chairman, which expires at the Annual Meeting Shareholders to be held on May 24th, 2022.

ProAssurance Corporation (NYSE:PRA) will report results for the quarter ended March 31, 2022 after the close of normal New York Stock Exchange trading on Monday, May 9, 2022.

ProAssurance Corporation (NYSE: PRA) reports net income of $32.1 million, or $0.59 per diluted share, and operating income(1) of $33.4 million, or $0.62 per diluted share, for the three months ended December 31, 2021. For the year ended December 31, 2021, the Company reports net income of $144.1 million, or $2.67 per diluted share, and operating income of $75.9 million, or $1.40 per diluted share.

ProAssurance Corporation (NYSE:PRA) will report results for the quarter and year ended December 31, 2021 after the close of normal New York Stock Exchange trading on Monday, February 21, 2022.

The Board of Directors of ProAssurance Corporation (NYSE:PRA) has declared a cash dividend of $0.05 per common share, payable on January 7, 2022 to shareholders who own our stock as of December 22, 2021.

ProAssurance Corporation (NYSE: PRA) reports net income of $12.2 million, or $0.23 per diluted share, and operating income(1) of $13.8 million, or $0.25 per diluted share, for the three months ended September 30, 2021.

ProAssurance Corporation (NYSE:PRA) will report results for the quarter ended September 30, 2021 after the close of normal New York Stock Exchange trading on Monday, November 8, 2021.

The Board of Directors of ProAssurance Corporation (NYSE:PRA) has declared a cash dividend of $0.05 per common share, payable on October 8, 2021 to shareholders who own our stock as of September 24, 2021.

ProAssurance Corporation (NYSE: PRA) reports net income of $92.1 million, or $1.70 per diluted share, and operating income(1) of $26.6 million, or $0.49 per diluted share, for the three months ended June 30, 2021. We will timely file our quarterly report on Form 10-Q on or before August 9, 2021.

ProAssurance Corporation (NYSE:PRA) will report results for the quarter ended June 30, 2021 after the close of normal New York Stock Exchange trading on Thursday, August 5, 2021.

Shareholders of ProAssurance Corporation (NYSE:PRA), acting at today's Annual Meeting of Shareholders, cast approximately 91% of their votes to reelect M. James Gorrie, Ziad R. Haydar, M.D., Frank A. Spinosa, D.P.M., and Thomas A.S. Wilson, Jr., M.D., to our Board, with each receiving over 96% of the votes cast by shareholders. They will serve a three-year term ending at the Annual Meeting of Shareholders in 2024.

The Board of Directors of ProAssurance Corporation (NYSE:PRA) has elected Scott C. Syphax and Fabiola Cobarrubias, M.D., to serve on the Board for terms expiring at the 2022 and 2023 Annual Meetings of Stockholders, respectively, at which times Mr. Syphax and Dr. Cobarrubias will stand for re-election to full three year terms. In accordance with the Agreement and Plan of Acquisition by and among ProAssurance Corporation, PRA Professional Liability Group, Inc., and NORCAL Mutual Insurance Company (“NORCAL”), Mr. Syphax and Dr. Cobarrubias were nominated by NORCAL, vetted by the Nominating/Corporate Governance Committee of ProAssurance, and elected by unanimous written consent of the ProAssurance Board of Directors on May 7, 2021. Both Mr. Syphax and Dr. Cobarrubias join the Board effective immediately.

ProAssurance Corporation (NYSE: PRA) announced today that its acquisition of NORCAL Mutual (“NORCAL”) was completed May 5, 2021. NORCAL’s members overwhelmingly approved the transaction at a special meeting on April 26.

ProAssurance Corporation (NYSE: PRA) reports net income of $7.7 million, or $0.14 per share, and operating income(1) of $2.1 million, or $0.04 per share, for the three months ended March 31, 2021. We will timely file our quarterly report on Form 10-Q on or before May 10, 2021.

ProAssurance Corporation (NYSE:PRA) has filed a supplement with the Securities and Exchange Commission to its previously filed proxy statement for ProAssurance’s annual meeting of shareholders that will be held at 10:00 a.m. ET on May 25, 2021.