ProAssurance Corporation (PRA)

A significant event was the announcement on March 19, 2025, of its acquisition by The Doctors Company for $25.00 per share in cash, which was approved by ProAssurance stockholders on June 24, 2025, and received early termination of the Hart-Scott-Rodino waiting period on July 7, 2025, with the transaction expected to close in the first half of 2026. ProAssurance reported its Second Quarter 2025 results on August 5, 2025, showing a net income of $21.9 million and operating income of $26.8 million, and its Third Quarter 2025 results on November 4, 2025, with a net income of $1.4 million and operating income of $7.9 million. The stock price has shown relatively stable movement, with the closing price on January 12, 2026, at $24.15, and on January 7, 2026, ProAssurance granted 23,720 Restricted Stock Units (RSUs) to its Executive Vice-President, Secretary & General Counsel, Jeffrey Patton Lisenby.

Based on the available information, there is no explicit indication of significant demand seasonality for ProAssurance Corp.'s insurance products and services. The company's revenue is primarily derived from insurance premiums across its specialized lines, including medical professional liability and workers' compensation. Insurance premiums are generally structured as regular payments rather than being subject to seasonal fluctuations in demand.

ProAssurance Corporation is a specialty insurer operating as a holding company for property and casualty insurance entities, focusing on professional liability insurance, including healthcare professional liability, products liability for medical technology and life sciences, and legal professional liability, and also offers workers' compensation insurance. The company operates through Specialty Property and Casualty (P&C), Workers' Compensation Insurance, Segregated Portfolio Cell Reinsurance, and Corporate segments, with the Specialty P&C segment largely dedicated to professional liability insurance. ProAssurance discontinued its participation in Lloyd's Syndicate 1729 effective December 31, 2023.

ProAssurance Corp. is headquartered in Birmingham, Alabama, USA. Its workers' compensation insurance products are available in approximately 19 states across the East, South, and Midwest regions of the continental United States. The company's participation in international markets through Lloyd's Syndicates ceased at the end of 2023.

ProAssurance Group maintains strong financial strength ratings from A.M. Best and Fitch Ratings, reflecting the company's strong balance sheet, adequate operating performance, favorable business profile, and appropriate enterprise risk management. The company emphasizes ethical claims handling and client advocacy as core to its value proposition and actively participates in industry tradeshows and events.

ProAssurance is primarily owned by institutional investors, who hold approximately 62.94% to 77.99% of the company's shares, while insiders own about 1.27% to 1.38%, and retail investors hold around 20.63% to 35.78%. Major institutional shareholders include BlackRock, Inc., Vanguard Group Inc., and iShares Core S&P Small-Cap ETF. The largest individual shareholder is A. Derrill Md Crowe, owning 4.33 million shares, representing 8.42% of the company.