PRA

ProAssurance Corporation provides professional liability insurance and related solutions primarily to healthcare providers and professionals across the United States. Headquartered in Birmingham, Alabama, the company operates through two main segments: Specialty Property and Casualty, and Workers' Compensation Insurance. PRA specializes in medical professional liability insurance for physicians, dentists, podiatrists, and other healthcare professionals, while also offering liability coverage for legal professionals, senior care facilities, and other specialty groups. The company writes policies in all 50 states and the District of Columbia through its network of insurance subsidiaries. As one of the largest medical professional liability insurers in the nation, ProAssurance maintains a substantial market presence with approximately $900 million in annual revenue and assets exceeding $5 billion. The company employs around 1,000 professionals and manages its insurance operations through both direct sales and independent agencies. PRA has expanded its capabilities through strategic acquisitions, including the 2018 purchase of NORCAL Mutual Insurance Company, which significantly strengthened its position in the Western United States. The company maintains strong financial ratings from A.M. Best and emphasizes underwriting discipline, risk management services, and claims expertise as core competitive advantages. ProAssurance trades on the NASDAQ under the ticker symbol PRA and has maintained a consistent dividend policy for shareholders.