C
PROASSURANCE INS CO OF AM
Rating Date
April 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair profitability index (3.6 on a scale of 0 to 10). Good expense controls. Return on equity has been fair, averaging 10.0% over the past five years. Fair overall results on stability tests (3.1). The largest net exposure for one risk is acceptable at 2.2% of capital.
Other Rating Factors: Strong long-term capitalization index (8.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (8.8) that helps to protect the company against sharp claims increases. Excellent liquidity (7.5) with ample operational cash flow and liquid investments.
Stability Factors: A - Financial problems or weaknesses of a parent or affiliate company. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Med mal (100.0%)
Licensed in: All states except PR
Principal Investments: Investment grade bonds (63.7%), real estate (6.7%), non investment grade bonds (5.0%), cash (2.6%), other (22.0%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
ProAssurance Corp
Investment Rating
PRA
Company Address
601 West Monroe Street
Springfield, IL 62704
Phone Number
(615) 371-8776
NAIC Number
14460
Largest Affiliates
C
San Francisco, CA - P&C
B
C
BIRMINGHAM, AL - P&C
D
LANCASTER, PA - P&C
Weiss Ratings