Private company

PROASSURANCE CORP

ProAssurance Corporation is a holding company for property and casualty insurance companies.¹

Last updated Oct 19, 2026.

Overview

IndustryFire, Marine & Casualty Insurance¹
HeadquartersBirmingham, Alabama¹
Incorporated inDE²
Business address100 Brookwood Place, Birmingham, Al 35209²
Filer categoryLarge accelerated filer²

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ProAssurance Corporation is a holding company for property and casualty insurance companies. For the year ended December 31, 2025, our net premiums written totaled $0.9 billion, and at December 31, 2025 we had total assets of $5.4 billion and $1.3 billion of shareholders' equity.³ From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

4.6%Net margin⁴

-4.6%Revenue growth, 2025⁴

3.8%Return on equity⁴

0.31×Debt to equity⁴

Where the money goes

Where each dollar of revenue went, fiscal 2025

Other costs

Other costs93¢$1.0B
Income tax2¢$21.2M
Profit5¢$50.9M

Out of $1.1B in revenue.⁴

Financial statements

Revenue⁵⁶⁷⁸⁴$1.1B in 2025+10% since 2019

Net income⁵⁶⁷⁸⁴$50.9M in 2025+4971% since 2019

Fiscal year	2019	2020	2021	2022	2023	2024	2025
Revenue	$999.8M⁵	$874.9M⁶	$1.1B⁷	$1.1B⁸	$1.1B⁴	$1.2B⁴	$1.1B⁴
Interest	$16.6M⁵	$15.5M⁶	$19.7M⁷	$20.4M⁷	$23.1M⁷
Income before tax			$146.6M⁷	-$6.2M⁸	-$39.1M⁴	$63.1M⁴	$72.1M⁴
Income tax	-$29.8M⁵	-$41.3M⁶	$2.5M⁷	-$5.8M⁸	-$545.0K⁴	$10.3M⁴	$21.2M⁴
Net income	$1.0M⁵	-$175.7M⁶	$144.1M⁷	-$402.0K⁸	-$38.6M⁴	$52.7M⁴	$50.9M⁴
Earnings per share	$0.02⁵	-$3.26⁶	$2.67⁷	-$0.01⁸	-$0.73⁴	$1.03⁴	$0.99⁴
Earnings per share (diluted)	$0.02⁵	-$3.26⁶	$2.67⁷	-$0.01⁸	-$0.73⁴	$1.03⁴	$0.99⁴
Shares (weighted, basic)			54.0M shares⁷	54.0M shares⁸	52.6M shares⁴	51.1M shares⁴	51.3M shares⁴
Shares (weighted, diluted)			54.1M shares⁷	54.1M shares⁸	52.8M shares⁴	51.3M shares⁴	51.7M shares⁴

Total assets¹²⁵⁶⁷⁸⁴$5.4B in 2025+13% since 2019

Total liabilities¹²⁵⁶⁷⁸⁴$4.1B in 2025+24% since 2019

Shareholders’ equity⁶⁷⁸⁴$1.3B in 2025−11% since 2019

Cash¹²⁵⁶⁷⁸⁴$36.5M in 2025−79% since 2019

Long-term debt¹²⁵⁶⁷⁸⁴$420.4M in 2025+47% since 2019

Fiscal year	2019	2020	2021	2022	2023	2024	2025
Cash	$175.4M¹²	$215.8M⁵	$143.6M⁶	$30.0M⁷	$65.9M⁸	$54.9M⁴	$36.5M⁴
Property, plant and equipment			$30.3M⁶	$30.0M⁷	$29.8M⁸	$29.6M⁴	$13.1M⁴
Goodwill			$49.6M⁶	$49.6M⁸	$5.5M⁸	$5.5M⁴	$5.5M⁴
Total assets	$4.8B¹²	$4.7B⁵	$6.2B⁶	$5.7B⁷	$5.6B⁸	$5.6B⁴	$5.4B⁴
Long-term debt	$285.8M¹²	$284.7M⁵	$425.0M⁶	$427.0M⁷	$427.1M⁸	$424.9M⁴	$420.4M⁴
Total liabilities	$3.3B¹²	$3.3B⁵	$4.8B⁶	$4.6B⁷	$4.5B⁸	$4.4B⁴	$4.1B⁴
Retained earnings			$1.4B⁶	$1.4B⁷	$1.4B⁸	$1.4B⁴	$1.5B⁴
Shareholders’ equity	$1.5B⁶	$1.3B⁷	$1.4B⁸	$1.1B⁴	$1.1B⁴	$1.2B⁴	$1.3B⁴
Shares outstanding	53.8M shares⁶	53.9M shares⁷	54.0M shares⁸	54.0M shares⁴	51.0M shares⁴	51.2M shares⁴	51.4M shares⁴

Cash from operations⁵⁶⁷⁸⁴-$25.6M in 2025

Dividends paid⁵⁶⁷⁸⁴$0 in 2025

Share buybacks⁶⁷$50.5M in 2023

Fiscal year	2019	2020	2021	2022	2023	2024	2025
Cash from operations	$148.2M⁵	$92.3M⁶	$74.0M⁷	-$29.8M⁸	-$49.9M⁴	-$10.7M⁴	-$25.6M⁴
Depreciation and amortization			$37.2M⁷	$38.1M⁸	$26.0M⁴	$17.8M⁴	$13.7M⁴
Stock-based compensation			$4.4M⁷	$4.8M⁸	$5.2M⁴	$6.2M⁴	$7.8M⁴
Cash from investing			-$85.5M⁷	-$62.0M⁸	$141.1M⁴	$10.7M⁴	$19.4M⁴
Dividends paid	$93.2M⁵	$38.7M⁶	$10.8M⁷	$10.8M⁸	$5.4M⁴	$0⁴	$0⁴
Share buybacks		$0⁶	$0⁷	$3.3M⁷	$50.5M⁷
Cash from financing			-$60.6M⁷	-$21.8M⁸	-$55.3M⁴	-$11.0M⁴	-$12.2M⁴
Dividend per share	$1.24⁵	$0.46⁶	$0.20⁷	$0.20⁸	$0.05⁴	$0.00⁴	$0.00⁴

Compare PROASSURANCE CORP with another company

Leadership

Who has led PROASSURANCE CORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

Chair

President

Chief financial officer

Dana S. Hendricks2018–now

2010201520202025

Chief executive officerEdward Lewis Rand Jr. Oct 7, 2019 to now¹³
Chief executive officerWilliam Stancil Starnes Jul 2, 2007 to Mar 7, 2008¹⁴
ChairWilliam Stancil Starnes Feb 27, 2009 to May 24, 2022¹⁵
ChairVictor T. Adamo Mar 3, 2006 to May 10, 2013¹⁶
ChairA. Derrill Crowe Md. Mar 9, 2006 to Sep 10, 2008¹⁷
ChairPaul R. Butrus Mar 9, 2006 to Mar 8, 2007¹⁸
PresidentJeffrey Patton Lisenby Mar 9, 2023 to now¹⁹
PresidentKevin Merrick Shook Mar 6, 2019 to Mar 9, 2023²⁰
PresidentMary Todd Peterson Jan 24, 2014 to Feb 25, 2016²¹
PresidentMichael Leonard Boguski Jan 24, 2014 to Jun 30, 2023²²
PresidentHoward H. Friedman Feb 25, 2014 to Mar 11, 2019²³
PresidentJerry Dee Brant Apr 1, 2009 to Mar 30, 2012²⁴
PresidentEdward Lewis Rand Jr. Mar 3, 2006 to Apr 1, 2009²⁵
PresidentVictor T. Adamo Mar 3, 2006 to Oct 1, 2012¹⁶
Chief financial officerDana S. Hendricks Sep 4, 2018 to now²⁶

Board members and other officers (31)

Pres Healthcare Pro. LiabilityRobert David Francis Jul 7, 2023 to now²⁷
Executive VP/Chief HR OfficerNoreen Dishart Nov 17, 2020 to now²⁸
Presdent of PICA, a subsidiaryRoss Edward Taubman Oct 9, 2012 to Mar 11, 2019²⁹
Senior AdvisorPaul R. Butrus Jun 26, 2007 to Aug 21, 2008³⁰
Board memberRichard J. Bielen May 22, 2024 to now³¹
Board memberStaci Pierce May 22, 2024 to now³²
Board memberFabiloa Cobarrubias May 14, 2021 to now³³
Board memberScott C. Syphax May 17, 2021 to now³⁴
Board memberMaye Head Frei May 22, 2019 to now³⁵
Board memberEdward Lewis Rand Jr. Oct 7, 2019 to now¹³
Board memberKedrick D. Adkins Jr. May 23, 2018 to now³⁶
Board memberKatisha Terrell Vance May 31, 2017 to now³⁷
Board memberBruce D. Angiolillo May 25, 2016 to now³⁸
Board memberZiad Haydar May 27, 2015 to May 22, 2024³⁹
Board memberPiazza Samuel A. Di Jr. Jan 23, 2014 to now⁴⁰
Board memberAnthony R. Tersigni May 16, 2012 to May 27, 2015⁴¹
Board memberFrank Anthony Spinosa May 16, 2012 to May 22, 2024⁴²
Board memberMagnus James Gorrie May 16, 2012 to May 22, 2024⁴³
Board memberJerry Dee Brant Mar 1, 2010 to Mar 30, 2012⁴⁴
Board memberA. Derrill Crowe Md. Feb 27, 2009 to Feb 27, 2009⁴⁵
Board memberVictor T. Adamo Aug 14, 2007 to Oct 1, 2012⁴⁶
Board memberPaul R. Butrus Nov 13, 2007 to Aug 21, 2008⁴⁷
Board memberDrayton Nabers Jr. Dec 5, 2007 to Dec 11, 2013⁴⁸
Board memberLucian F. Bloodworth Jan 25, 2006 to Oct 9, 2013⁴⁹
Board memberAnn F. Putallaz Mar 3, 2006 to May 31, 2017⁵⁰
Board memberJohn J. McMahon Jr. Mar 3, 2006 to Jun 27, 2019⁵¹
Board memberJohn P. North Jr. Mar 3, 2006 to Mar 3, 2009⁵²
Board memberRobert E. Flowers Mar 3, 2006 to May 25, 2021⁵³
Board memberWilfred W. Yeargan Mar 3, 2006 to May 16, 2012⁵⁴
Board memberWilliam H. Woodhams Mar 3, 2006 to May 16, 2012⁵⁵
Board memberWilliam J. Listwan Sep 13, 2006 to May 25, 2016⁵⁶

Timeline

Oct 7, 2019New chief executive Edward Lewis Rand Jr. becomes CEO¹³
Jul 2, 2007New chief executive William Stancil Starnes becomes CEO¹⁴

Filings

324 filings to the SEC since October 2021: 6 annual reports, 14 quarterly reports, 54 major events, 202 insider forms, 23 large holders, 25 other. The latest 20:

Jul 8, 202615-12G/A EDGAR
Jul 6, 202615-12G EDGAR
Jun 30, 2026SCHEDULE 13D/A EDGAR
Jun 26, 20264 EDGAR
Jun 26, 20264 EDGAR
Jun 26, 20264 EDGAR
Jun 26, 20264 EDGAR
Jun 26, 20264 EDGAR
Jun 26, 20264 EDGAR
Jun 26, 20264 EDGAR
Jun 26, 20264 EDGAR
Jun 26, 20264 EDGAR
Jun 26, 20264 EDGAR
Jun 26, 20264 EDGAR
Jun 26, 20264 EDGAR
Jun 26, 20264 EDGAR
Jun 26, 20264 EDGAR
Jun 26, 2026S-8 POS EDGAR
Jun 26, 2026S-3/A EDGAR
Jun 26, 20268-K EDGAR

The 324 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Magnetar Financial LLCSCHEDULE 13D/A, 2 filings Apr 11, 2025 to Jun 30, 2026⁵⁷
VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 30, 2026⁵⁸
VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 2026⁵⁹
DIMENSIONAL FUND ADVISORS LPSCHEDULE 13G/A, 2 filings Feb 9, 2024 to Apr 9, 2026⁶⁰
VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 10, 2022 to Mar 27, 2026⁶¹
AllianceBernsteinSCHEDULE 13G/A, 2 filings Nov 14, 2025 to Feb 17, 2026⁶²
Wellington Management CompanySCHEDULE 13G/A, 3 filings Feb 6, 2023 to May 12, 2025⁶³
T. Rowe Price Investment Management, Inc.SC 13G/A, 2 filings Feb 14, 2024 to Nov 14, 2024⁶⁴
PRICE T ROWE ASSOCIATES INC /MD/SC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 2023⁶⁵

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARPROASSURANCE CORP filings on SEC EDGAR
2
SEC EDGARPROASSURANCE CORP filings on SEC EDGAR
3
SEC EDGARPROASSURANCE CORP annual report, Item 1 (Business)
4
SEC EDGARPROASSURANCE CORP 10-K for fiscal 2025
5
SEC EDGARPROASSURANCE CORP 10-K for fiscal 2019
6
SEC EDGARPROASSURANCE CORP 10-K for fiscal 2020
7
SEC EDGARPROASSURANCE CORP 10-K for fiscal 2021
8
SEC EDGARPROASSURANCE CORP 10-K for fiscal 2022
9
SEC EDGARPROASSURANCE CORP 10-Q for fiscal 2025
10
SEC EDGARPROASSURANCE CORP 10-Q for fiscal 2025
11
SEC EDGARPROASSURANCE CORP 10-Q for fiscal 2026
12
SEC EDGARPROASSURANCE CORP 10-K for fiscal 2019
13
SEC EDGAREdward Lewis Rand Jr., Chief executive officer
14
SEC EDGARWilliam Stancil Starnes, Chief executive officer
15
SEC EDGARWilliam Stancil Starnes, Chair
16
SEC EDGARVictor T. Adamo, Chair
17
SEC EDGARA. Derrill Crowe Md., Chair
18
SEC EDGARPaul R. Butrus, Chair
19
SEC EDGARJeffrey Patton Lisenby, President
20
SEC EDGARKevin Merrick Shook, President
21
SEC EDGARMary Todd Peterson, President
22
SEC EDGARMichael Leonard Boguski, President
23
SEC EDGARHoward H. Friedman, President
24
SEC EDGARJerry Dee Brant, President
25
SEC EDGAREdward Lewis Rand Jr., President
26
SEC EDGARDana S. Hendricks, Chief financial officer
27
SEC EDGARRobert David Francis, Pres Healthcare Pro. Liability
28
SEC EDGARNoreen Dishart, Executive VP/Chief HR Officer
29
SEC EDGARRoss Edward Taubman, Presdent of PICA, a subsidiary
30
SEC EDGARPaul R. Butrus, Senior Advisor
31
SEC EDGARRichard J. Bielen, Board member
32
SEC EDGARStaci Pierce, Board member
33
SEC EDGARFabiloa Cobarrubias, Board member
34
SEC EDGARScott C. Syphax, Board member
35
SEC EDGARMaye Head Frei, Board member
36
SEC EDGARKedrick D. Adkins Jr., Board member
37
SEC EDGARKatisha Terrell Vance, Board member
38
SEC EDGARBruce D. Angiolillo, Board member
39
SEC EDGARZiad Haydar, Board member
40
SEC EDGARPiazza Samuel A. Di Jr., Board member
41
SEC EDGARAnthony R. Tersigni, Board member
42
SEC EDGARFrank Anthony Spinosa, Board member
43
SEC EDGARMagnus James Gorrie, Board member
44
SEC EDGARJerry Dee Brant, Board member
45
SEC EDGARA. Derrill Crowe Md., Board member
46
SEC EDGARVictor T. Adamo, Board member
47
SEC EDGARPaul R. Butrus, Board member
48
SEC EDGARDrayton Nabers Jr., Board member
49
SEC EDGARLucian F. Bloodworth, Board member
50
SEC EDGARAnn F. Putallaz, Board member
51
SEC EDGARJohn J. McMahon Jr., Board member
52
SEC EDGARJohn P. North Jr., Board member
53
SEC EDGARRobert E. Flowers, Board member
54
SEC EDGARWilfred W. Yeargan, Board member
55
SEC EDGARWilliam H. Woodhams, Board member
56
SEC EDGARWilliam J. Listwan, Board member
57
SEC EDGARMagnetar Financial LLC SCHEDULE 13D/A on PROASSURANCE CORP
58
SEC EDGARVANGUARD CAPITAL MANAGEMENT LLC SCHEDULE 13G on PROASSURANCE CORP
59
SEC EDGARVANGUARD PORTFOLIO MANAGEMENT LLC SCHEDULE 13G on PROASSURANCE CORP
60
SEC EDGARDIMENSIONAL FUND ADVISORS LP SCHEDULE 13G/A on PROASSURANCE CORP
61
SEC EDGARVANGUARD GROUP INC SCHEDULE 13G/A on PROASSURANCE CORP
62
SEC EDGARAllianceBernstein SCHEDULE 13G/A on PROASSURANCE CORP
63
SEC EDGARWellington Management Company SCHEDULE 13G/A on PROASSURANCE CORP
64
SEC EDGART. Rowe Price Investment Management, Inc. SC 13G/A on PROASSURANCE CORP
65
SEC EDGARPRICE T ROWE ASSOCIATES INC /MD/ SC 13G/A on PROASSURANCE CORP