PRA

ProAssurance Corporation

Fundamental data last updated:August 17, 2026

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company profile

SECTOR

Financial Services

industry

Insurance - Property & Casualty

Exchange

NYSE

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company operates through Specialty Property and Casualty, Workers' Compensation Insurance, Segregated Portfolio Cell Reinsurance, and Lloyd's Syndicate segments. It offers professional liability insurance for healthcare providers and institutions, and attorneys; liability insurance for medical technology and life sciences risks; and workers' compensation insurance, such as guaranteed cost policies, policyholder dividend policies, retrospectively rated policies, and deductible policies, as well as alternative market solutions that include program design, fronting, claims administration, risk management, SPC rental, asset management, and SPC management services for individual companies, agencies, groups, and associations. The company also participates in Lloyd's of London Syndicate 1729, which underwrites property and casualty insurance, and reinsurance. It markets its products through independent agencies and brokers, as well as an internal sales force. The company was founded in 1976 and is headquartered in Birmingham, Alabama.

 


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VALUATION

P/E

18.88

Market Cap ($M USD)

$1.23B

Forward P/E

13.66

PEG

0.36

PRICE TO SALES

1.14

PRICE TO BOOK

0.92

EV / EBITDA

13.64

5-Year Average P/E

Free Cash Flow Yield

-3.11%

DCF Value

$40.44

Graham Number

$27.22

Price to FCF

-32.11

EV to FCF

-43.02

Earnings Yield

5.30%

FCF Yield

-3.11%

DIVIDEND

Yield

0.00%

Annual Payout

$0.00

Payout Ratio

0.00%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$1.27

Next Year EPS Growth Estimate

$1.75

Next Year Revenue Growth Estimate

$824.72M

Return on Equity (ROE)

4.95%

FREE CASH FLOW

Operating Margin

8.12%

Debt-to-Equity

0.32

Piotroski F-Score

5

Altman Z-Score

1.09

Return on Invested Capital (ROIC)

4.75%

Current Ratio

1.32

Quick Ratio

1.32

Net Debt to EBITDA

3.46

Interest Coverage

4.22

Gross Profit margin

33.66%

FCF PER SHARE

$-0.75

REVENUE PER SHARE

$20.96

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Gainseekers Quantitative Analysis

Summary

PRA ProAssurance Corporation’s valuation paints a compelling picture of potential mispricing. With a DCF value significantly higher than recent pricing, the market seems to undervalue its intrinsic worth. However, a Forward P/E of 21.79 and a low Earnings Yield suggest expectations of growth that may not align with its current financial health. The Altman Z-score of 1.09 raises red flags about its financial stability, indicating potential distress. Overall, while the stock appears undervalued by some metrics, its growth and safety are questionable.

AI Exposure / Tech Reliance

Operating in the insurance sector, ProAssurance is positioned in an industry traditionally slow to adopt AI and tech innovations. However, the potential for AI-driven underwriting and claims processing could enhance efficiency. The company's ability to integrate these technologies will be crucial for maintaining competitiveness.

The Bull Case

For the value-driven investor, ProAssurance offers intriguing prospects. Despite a modest ROIC of 4.75%, its Price/Book ratio below 1 suggests undervaluation. The Piotroski F-Score of 5 indicates moderate financial health, while its operating margin of 8.12% reflects decent pricing power. These factors, combined with a manageable Debt/Equity ratio, suggest a company that could capitalize on operational efficiencies.

The Bear Case

The bear case for ProAssurance is stark. Its negative FCF Yield and Price to FCF ratio highlight severe cash flow issues, raising concerns about liquidity and operational sustainability. Trading near its 52-week high, the stock appears technically overextended, with little room for error. The lack of dividend yield further diminishes its appeal to income-focused investors, while the low Altman Z-score underscores potential financial instability.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Hold

Average Analyst Price Target

$18.33

Institutional Ownership %

1-Year Beta

0.05

Insider Buying % (6 Mo)

Distance to 52-Week High

3.97%

Distance to 52-Week Low

4.94%

EARNINGS SURPRISE %

0.00%

50-DAY SMA

$24.59

200-DAY SMA

$24.23

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.