ProAssurance Management
Management criteria checks 4/4
ProAssurance's CEO is Ned Rand, appointed in Dec 2018, has a tenure of 6.08 years. total yearly compensation is $3.73M, comprised of 26.8% salary and 73.2% bonuses, including company stock and options. directly owns 0.39% of the company’s shares, worth $3.10M. The average tenure of the management team and the board of directors is 6.2 years and 5.7 years respectively.
Key information
Ned Rand
Chief executive officer
US$3.7m
Total compensation
| CEO salary percentage | 26.8% |
| CEO tenure | 6.1yrs |
| CEO ownership | 0.4% |
| Management average tenure | 6.2yrs |
| Board average tenure | 5.7yrs |
Recent management updates
Recent updates
ProAssurance Corporation's (NYSE:PRA) Price Is Out Of Tune With Revenues
Nov 07
Lacklustre Performance Is Driving ProAssurance Corporation's (NYSE:PRA) Low P/S
Jul 31Results: ProAssurance Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts
May 09ProAssurance (NYSE:PRA) Is Due To Pay A Dividend Of $0.05
Mar 12ProAssurance declares $0.05 dividend
Sep 08ProAssurance Non-GAAP EPS of $1.19 beats by $1.10
Aug 08ProAssurance's (NYSE:PRA) Dividend Will Be US$0.05
Sep 19ProAssurance (NYSE:PRA) Is Due To Pay A Dividend Of US$0.05
Sep 05Need To Know: Analysts Are Much More Bullish On ProAssurance Corporation (NYSE:PRA) Revenues
Aug 08We Wouldn't Be Too Quick To Buy ProAssurance Corporation (NYSE:PRA) Before It Goes Ex-Dividend
Mar 20Should You Buy ProAssurance Corporation (NYSE:PRA) For Its Dividend?
Feb 24What Is The Ownership Structure Like For ProAssurance Corporation (NYSE:PRA)?
Jan 20
Don't Buy ProAssurance Corporation (NYSE:PRA) For Its Next Dividend Without Doing These Checks
Dec 16ProAssurance declares $0.05 dividend
Dec 02ProAssurance's(NYSE:PRA) Share Price Is Down 72% Over The Past Three Years.
Nov 27ProAssurance Corporation 2020 Q3 - Results - Earnings Call Presentation
Nov 09ProAssurance EPS misses by $0.06, misses on revenue
Nov 05CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$43m |
| Jun 30 2024 | n/a | n/a | -US$23m |
| Mar 31 2024 | n/a | n/a | -US$28m |
| Dec 31 2023 | US$4m | US$1m | -US$39m |
| Sep 30 2023 | n/a | n/a | -US$31m |
| Jun 30 2023 | n/a | n/a | US$9m |
| Mar 31 2023 | n/a | n/a | -US$3m |
| Dec 31 2022 | US$4m | US$987k | -US$402k |
| Sep 30 2022 | n/a | n/a | US$18m |
| Jun 30 2022 | n/a | n/a | US$39m |
| Mar 31 2022 | n/a | n/a | US$133m |
| Dec 31 2021 | US$3m | US$938k | US$144m |
| Sep 30 2021 | n/a | n/a | US$126m |
| Jun 30 2021 | n/a | n/a | -US$36m |
| Mar 31 2021 | n/a | n/a | -US$146m |
| Dec 31 2020 | US$2m | US$921k | -US$176m |
| Sep 30 2020 | n/a | n/a | -US$249m |
| Jun 30 2020 | n/a | n/a | -US$82m |
| Mar 31 2020 | n/a | n/a | -US$53m |
| Dec 31 2019 | US$4m | US$827k | US$1m |
| Sep 30 2019 | n/a | n/a | US$36m |
| Jun 30 2019 | n/a | n/a | US$50m |
| Mar 31 2019 | n/a | n/a | US$67m |
| Dec 31 2018 | US$2m | US$627k | US$47m |
Compensation vs Market: Ned's total compensation ($USD3.73M) is about average for companies of similar size in the US market ($USD3.21M).
Compensation vs Earnings: Ned's compensation has been consistent with company performance over the past year.
CEO
Ned Rand (57 yo)
6.1yrs
Tenure
US$3,725,832
Compensation
Mr. Edward Lewis Rand, Jr., C.P.A., also known as Ned, serves as Chief Executive Officer of ProAssurance Corporation since July 1, 2019, its President since December 3, 2018 and has been its Director since...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.1yrs | US$3.73m | 0.39% $ 3.1m | |
| Executive VP | 6.3yrs | US$1.17m | 0.047% $ 368.9k | |
| Executive VP | 19yrs | US$1.20m | 0.15% $ 1.2m | |
| President of Healthcare Professional Liability | 2yrs | US$1.16m | 0.019% $ 148.2k | |
| President of Workers Compensation Insurance - Eastern Alliance Insurance Group | 5.7yrs | US$1.19m | 0.062% $ 488.7k | |
| Chief Investment Officer | 23yrs | no data | no data | |
| Senior Vice President of Investor Relations | no data | no data | no data | |
| Chief Compliance Officer & VP | 11yrs | no data | no data | |
| Chief Human Resources Officer & Executive VP | 9.8yrs | no data | 0.020% $ 157.1k | |
| Senior VP & Chief Claims Officer | no data | US$1.55m | no data | |
| Chief Medical Director | 1.7yrs | no data | no data | |
| President of Life Sciences | 2yrs | no data | no data |
6.2yrs
Average Tenure
58yo
Average Age
Experienced Management: PRA's management team is seasoned and experienced (6.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.7yrs | US$3.73m | 0.39% $ 3.1m | |
| Independent Director | less than a year | no data | 0.013% $ 100.4k | |
| Independent Director | 11yrs | US$187.50k | 0.080% $ 629.5k | |
| Independent Director | 3.7yrs | US$181.67k | 0.041% $ 324.7k | |
| Independent Chairman | 8.7yrs | US$275.00k | 0.062% $ 485.9k | |
| Independent Director | 6.7yrs | US$203.33k | 0.056% $ 444.9k | |
| Independent Director | 3.7yrs | US$195.21k | 0.041% $ 324.7k | |
| Independent Director | less than a year | no data | 0.013% $ 100.4k | |
| Independent Director | 7.7yrs | US$185.00k | 0.046% $ 362.5k | |
| Independent Director | 5.7yrs | US$187.25k | 0.053% $ 418.8k |
5.7yrs
Average Tenure
58.5yo
Average Age
Experienced Board: PRA's board of directors are considered experienced (5.7 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/08 23:38 |
| End of Day Share Price | 2025/01/08 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
ProAssurance Corporation is covered by 14 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Robert Farnam | Boenning & Scattergood, Inc. |
| Amit Kumar | Buckingham Research Group Inc. |
| Robert Farnam | Janney Montgomery Scott LLC |