B
ProAssurance Ins Co of Am
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
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Major Rating Factors: Good overall profitability index (5.8 on a scale of 0 to 10) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 10.0%. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.4) despite. Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification. The largest net exposure for one risk is acceptable at 3.0% of capital.
Other Rating Factors: Strong long-term capitalization index (7.0) based on good current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range during the last year. Ample reserve history (8.1) that helps to protect the company against sharp claims increases.
Stability Factors: A - Financial problems or weaknesses of a parent or affiliate company. L - Past results on our liquidity tests. R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business: Med mal (100.0%)
Licensed in: All states
Principal Investments: Investment grade bonds (68.1%), non investment grade bonds (7.1%), real estate (6.5%), cash (1.1%), common stock (0.6%), other (16.5%)
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2-Year Reserve Development
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Investments in Affiliates
Corporate Info
Group Affiliation
ProAssurance Corporation
Investment Rating
PRA
Company Address
3000 Meridian Boulevard
Franklin, TN 37067
Phone Number
(615) 371-8776
NAIC Number
14460
Largest Affiliates
B
Birmingham, AL - P&C
B
San Francisco, CA - P&C
C
Lancaster, PA - P&C
C
Birmingham, AL - P&C
C
Chantilly, VA - P&C