ProAssurance Past Earnings Performance
Past criteria checks 5/6
ProAssurance has been growing earnings at an average annual rate of 9.3%, while the Insurance industry saw earnings growing at 14.6% annually. Revenues have been growing at an average rate of 1.9% per year. ProAssurance's return on equity is 4.9%, and it has net margins of 6%.
Key information
9.30%
Earnings growth rate
10.29%
EPS growth rate
| Insurance Industry Growth | 8.02% |
| Revenue growth rate | 1.85% |
| Return on equity | 4.87% |
| Net Margin | 5.95% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Narrative Update • Nov 12
PRA: Margins Will Improve While Revenue Pressures And Fair Value Persist
Analysts have modestly adjusted their price target for ProAssurance, maintaining it at $22.67. Updated forecasts reflect slightly higher discount rates, a softer revenue outlook, improved profit margins, and a marginally lower future price-to-earnings ratio.Narrative Update • Oct 29
Future Performance Will Reflect Stable Outlook and Completed Share Repurchase Program
Analysts have slightly adjusted their price target for ProAssurance, maintaining a fair value estimate of $22.67 while taking into account a marginally lower outlook for revenue growth and profit margins. What's in the News ProAssurance reported it repurchased zero shares between April 1, 2025 and June 30, 2025, resulting in no additional spending on buybacks in this period (Key Developments).Narrative Update • Oct 14
AI-Ready Web Portal Will Improve Future Customer Experience And Operational Workflows
Analysts have lowered their price target for ProAssurance from $25.00 to $22.67. This change reflects revised expectations around the company’s fair value based on recent financial performance.Narrative Update • Sep 23
AI-Ready Web Portal Will Improve Future Customer Experience And Operational Workflows
Upward revisions in ProAssurance's consensus revenue growth forecasts and higher future P/E expectations have contributed to a significant increase in the fair value estimate, with the analyst price target rising from $22.67 to $25.00. What's in the News ProAssurance has completed the repurchase of 12,758,534 shares (22.5%) for $490.42 million under the buyback announced in 2011, with no shares repurchased from April 1, 2025 to June 30, 2025.Seeking Alpha • Mar 21
ProAssurance Pops On Acquisition News, But Think Twice About Opportunity Cost
Summary ProAssurance Corporation (PRA) is being acquired by The Doctors Company, resulting in a 48% stock gain, with an 8% discount remaining on the buyout price. The acquisition, valued at $1.3 billion, is not subject to financing conditions, reducing the risk of deal failure due to funding issues. PRA's financials show modest growth and challenges, with a declining book value and underperforming return on capital employed compared to peers. Despite the high likelihood of deal closure, I recommend holding off on buying PRA now due to potential opportunity costs and waiting for a lower price. Read the full article on Seeking Alpha
New Narrative • Feb 26
AI And Predictive Analytics Initiatives Will Strengthen Future Net Margins
Strategic pricing and predictive analytics improve medical professional liability metrics, potentially enhancing revenue and margins.Seeking Alpha • Jan 09
ProAssurance: Recent Performance Strong, But Valuation Not Compelling
Summary ProAssurance specialises in medical malpractice insurance, facing systemic negative trends and a challenging mono-line business model that suppresses ROE below capital costs. Despite recent stabilization, PRA's valuation on forward earnings is high compared to peers, and growth and momentum are slowing. ProAssurance's net income improvement is driven by increased pricing, re-underwriting initiatives, and higher interest rates, but there's no evidence of pricing above claims trends. SA Quant rates PRA stock a Strong Buy. I share how I see things. Read the full article on Seeking AlphaAnalysis Article • Nov 07
ProAssurance Corporation's (NYSE:PRA) Price Is Out Of Tune With Revenues
It's not a stretch to say that ProAssurance Corporation's ( NYSE:PRA ) price-to-sales (or "P/S") ratio of 0.7x right...Analysis Article • Jul 31
Lacklustre Performance Is Driving ProAssurance Corporation's (NYSE:PRA) Low P/S
When close to half the companies operating in the Insurance industry in the United States have price-to-sales ratios...Analysis Article • May 09
Results: ProAssurance Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts
A week ago, ProAssurance Corporation ( NYSE:PRA ) came out with a strong set of first-quarter numbers that could...Analysis Article • Mar 12
ProAssurance (NYSE:PRA) Is Due To Pay A Dividend Of $0.05
The board of ProAssurance Corporation ( NYSE:PRA ) has announced that it will pay a dividend on the 13th of April, with...Seeking Alpha • Sep 08
ProAssurance declares $0.05 dividend
ProAssurance (NYSE:PRA) declares $0.05/share quarterly dividend, in line with previous. Forward yield 0.94% Payable Oct. 13; for shareholders of record Sept. 29; ex-div Sept. 28. See PRA Dividend Scorecard, Yield Chart, & Dividend Growth.Seeking Alpha • Aug 08
ProAssurance Non-GAAP EPS of $1.19 beats by $1.10
ProAssurance press release (NYSE:PRA): Q2 Non-GAAP EPS of $1.19 (vs. $1.52 Y/Y) beats by $1.10. Gross premiums written were $9.58B (vs. $9.50B Y/Y).Analysis Article • Sep 19
ProAssurance's (NYSE:PRA) Dividend Will Be US$0.05
ProAssurance Corporation ( NYSE:PRA ) will pay a dividend of US$0.05 on the 8th of October. This payment means the...Analysis Article • Sep 05
ProAssurance (NYSE:PRA) Is Due To Pay A Dividend Of US$0.05
ProAssurance Corporation ( NYSE:PRA ) has announced that it will pay a dividend of US$0.05 per share on the 8th of...Analysis Article • Aug 08
Need To Know: Analysts Are Much More Bullish On ProAssurance Corporation (NYSE:PRA) Revenues
Shareholders in ProAssurance Corporation ( NYSE:PRA ) may be thrilled to learn that the analysts have just delivered a...Analysis Article • Mar 20
We Wouldn't Be Too Quick To Buy ProAssurance Corporation (NYSE:PRA) Before It Goes Ex-Dividend
It looks like ProAssurance Corporation ( NYSE:PRA ) is about to go ex-dividend in the next four days. You can purchase...Analysis Article • Feb 24
Should You Buy ProAssurance Corporation (NYSE:PRA) For Its Dividend?
Is ProAssurance Corporation ( NYSE:PRA ) a good dividend stock? How can we tell? Dividend paying companies with growing...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How ProAssurance makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 1,095 | 65 | 179 | 0 |
| 31 Dec 25 | 1,109 | 51 | 183 | 0 |
| 30 Sep 25 | 1,118 | 34 | 178 | 0 |
| 30 Jun 25 | 1,127 | 49 | 182 | 0 |
| 31 Mar 25 | 1,138 | 42 | 183 | 0 |
| 31 Dec 24 | 1,144 | 53 | 184 | 0 |
| 30 Sep 24 | 1,162 | 43 | 181 | 0 |
| 30 Jun 24 | 1,147 | -23 | 175 | 0 |
| 31 Mar 24 | 1,149 | -28 | 172 | 0 |
| 31 Dec 23 | 1,137 | -39 | 166 | 0 |
| 30 Sep 23 | 1,132 | -31 | 173 | 0 |
| 30 Jun 23 | 1,131 | 9 | 253 | 0 |
| 31 Mar 23 | 1,095 | -3 | 211 | 0 |
| 31 Dec 22 | 1,107 | 0 | 172 | 0 |
| 30 Sep 22 | 1,125 | 18 | 280 | 0 |
| 30 Jun 22 | 1,162 | 39 | 158 | 0 |
| 31 Mar 22 | 1,187 | 133 | 158 | 0 |
| 31 Dec 21 | 1,124 | 144 | 158 | 0 |
| 30 Sep 21 | 1,041 | 126 | 0 | 0 |
| 30 Jun 21 | 958 | -36 | 0 | 0 |
| 31 Mar 21 | 898 | -146 | 0 | 0 |
| 31 Dec 20 | 875 | -176 | 127 | 0 |
| 30 Sep 20 | 895 | -249 | 0 | 0 |
| 30 Jun 20 | 910 | -82 | 0 | 0 |
| 31 Mar 20 | 928 | -53 | 0 | 0 |
| 31 Dec 19 | 1,000 | 1 | 0 | 0 |
| 30 Sep 19 | 930 | 36 | 0 | 0 |
| 30 Jun 19 | 937 | 50 | 0 | 0 |
| 31 Mar 19 | 954 | 67 | 0 | 0 |
| 31 Dec 18 | 886 | 47 | 0 | 0 |
| 30 Sep 18 | 916 | 89 | 0 | 0 |
| 30 Jun 18 | 895 | 87 | 0 | 0 |
| 31 Mar 18 | 844 | 78 | 0 | 0 |
| 31 Dec 17 | 866 | 107 | 0 | 0 |
| 30 Sep 17 | 895 | 145 | 0 | 0 |
| 30 Jun 17 | 891 | 150 | 0 | 0 |
| 31 Mar 17 | 900 | 173 | 0 | 0 |
| 31 Dec 16 | 870 | 151 | 0 | 0 |
| 30 Sep 16 | 818 | 131 | 0 | 0 |
| 30 Jun 16 | 769 | 108 | 0 | 0 |
| 31 Mar 16 | 758 | 98 | 0 | 0 |
| 31 Dec 15 | 772 | 116 | 0 | 0 |
| 30 Sep 15 | 804 | 146 | 0 | 0 |
| 30 Jun 15 | 833 | 171 | 0 | 0 |
Quality Earnings: PRA has high quality earnings.
Growing Profit Margin: PRA's current net profit margins (6%) are higher than last year (3.7%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: PRA has become profitable over the past 5 years, growing earnings by 9.3% per year.
Accelerating Growth: PRA's earnings growth over the past year (54.1%) exceeds its 5-year average (9.3% per year).
Earnings vs Industry: PRA earnings growth over the past year (54.1%) exceeded the Insurance industry 36.2%.
Return on Equity
High ROE: PRA's Return on Equity (4.9%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/21 07:58 |
| End of Day Share Price | 2026/05/21 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
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 |
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| Key Developments | 10 years |
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* 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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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 Github.
Analyst Sources
ProAssurance Corporation is covered by 10 analysts. 3 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 | Brean Capital Historical (Janney Montgomery) |
| Matthew Carletti | Citizens JMP Securities, LLC |
| Meyer Shields | Keefe, Bruyette, & Woods |