Fundies.
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ProAssurance Corporation

EDGAR
PRA Quarterly report (10-Q) · filed 2026-05-05

Annual consolidated revenue for 2025: about USD 1.098B, using the latest reported figures. The previous period, 2024, was about USD 1.15B.

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Watchlist

Latest quarter

Revenue

263 million USD

2026 Q1 · USD

Exact inputs and evidence

Net margin

3.22%

2026 Q1 · %

Exact inputs and evidence

Operating cash flow

-21.3 million USD

2026 Q1 · USD

Exact inputs and evidence
  • Operating Cash Flow: -21323000 USD Source
Cash and cash equivalents
14.1 million USD Source
Exact value

14054000 USD

Long-term debt including current maturities
419 million USD Source
Exact value

419306000 USD

Shares outstanding
51.4 million shares Source
Exact value

51414000 shares

Reported share-count change

0.50% · 257 thousand shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 51157000 shares · 2024-12-31· Source
  • 51414000 shares · 2025-12-31· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

1.09 billion USD

2025-04-01 – 2026-03-31

Exact inputs and evidence
  • Revenue: 276753000 USD · 2025-04-01 – 2025-06-30 Source
  • Revenue: 279554000 USD · 2025-07-01 – 2025-09-30 Source
  • Revenue: 1098028000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 828385000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 262634000 USD · 2026-01-01 – 2026-03-31 Source

Net income

65.2 million USD

2025-04-01 – 2026-03-31

Exact inputs and evidence
  • Net income: 21921000 USD · 2025-04-01 – 2025-06-30 Source
  • Net income: 1446000 USD · 2025-07-01 – 2025-09-30 Source
  • Net income: 50915000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: 17545000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: 8461000 USD · 2026-01-01 – 2026-03-31 Source

Operating cash flow

-35.3 million USD

2025-04-01 – 2026-03-31

Exact inputs and evidence
  • Operating cash flow: -39674000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: -11609000 USD · 2025-01-01 – 2025-03-31 Source
  • Operating cash flow: -12476000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: -39674000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: -25620000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: -12476000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: -21323000 USD · 2026-01-01 – 2026-03-31 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-05-05.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-12-31
  • operating income: No compatible figures in this window
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • capital expenditure: No compatible figures in this window
  • Total assets: 11 of 11 periods available· newest 2025-12-31
  • Total liabilities: 11 of 11 periods available· newest 2025-12-31
  • current assets: No compatible figures in this window
  • current liabilities: No compatible figures in this window
  • Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 10 of 11 periods available· newest 2025-12-31
  • Shares outstanding: 11 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -4.6%

    Prior period

    USD 1.15 billion

    –

    Current period

    USD 1.1 billion

    –

    Exact inputs and evidence

    1098028000 − 1150404000 = -52376000 USD

    1150404000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    1098028000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    -3.5%

    Prior period

    USD 52.74 million

    –

    Current period

    USD 50.92 million

    –

    Exact inputs and evidence

    50915000 − 52744000 = -1829000 USD

    52744000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    50915000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Operating cash flow

    −USD 14.91 million

    Prior period

    −USD 10.72 million

    –

    Current period

    −USD 25.62 million

    –

    Exact inputs and evidence

    -25620000 − -10715000 = -14905000 USD

    -10715000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -25620000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 1.1 billion 100% of revenue
  • Operating costs Derived Unavailable An input is unavailable.
  • Operating income Unavailable An input is unavailable.
  • Tax, interest and other Derived Unavailable An input is unavailable.
  • Net income USD 50.92 million 4.6% of revenue

Cash

  • Operating cash flow −USD 25.62 million −2.3% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 Not shown: operating income or net income is not reported.
  • 2017 Not shown: operating income or net income is not reported.
  • 2018 Not shown: operating income or net income is not reported.
  • 2019 Not shown: operating income or net income is not reported.
  • 2020 Not shown: operating income or net income is not reported.
  • 2021 Not shown: operating income or net income is not reported.
  • 2022 Not shown: operating income or net income is not reported.
  • 2023 Not shown: operating income or net income is not reported.
  • 2024 Not shown: operating income or net income is not reported.
  • 2025 Not shown: operating income or net income is not reported.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-31870214000 UnavailableUnavailableUnavailable151081000 Unavailable
Source
2017 2017-01-01 – 2017-12-31866149000 UnavailableUnavailableUnavailable107264000 Unavailable
Source
2018 2018-01-01 – 2018-12-31886030000 UnavailableUnavailableUnavailable47057000 Unavailable
Source
2019 2019-01-01 – 2019-12-31999834000 UnavailableUnavailableUnavailable1004000 Unavailable
Source
2020 2020-01-01 – 2020-12-31874940000 UnavailableUnavailableUnavailable-175727000 Unavailable
Source
2021 2021-01-01 – 2021-12-311124410000 UnavailableUnavailableUnavailable144124000 Unavailable
Source
2022 2022-01-01 – 2022-12-311106688000 UnavailableUnavailableUnavailable-402000 Unavailable
Source
2023 2023-01-01 – 2023-12-311137212000 UnavailableUnavailableUnavailable-38604000 Unavailable
Source
2024 2024-01-01 – 2024-12-311150404000 UnavailableUnavailableUnavailable52744000 Unavailable
Source
2025 2025-01-01 – 2025-12-311098028000 UnavailableUnavailableUnavailable50915000 Unavailable
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 1.1B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.2B931.8M621.2M310.6M0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue870214000
2017Revenue866149000
2018Revenue886030000
2019Revenue999834000
2020Revenue874940000
2021Revenue1124410000
2022Revenue1106688000
2023Revenue1137212000
2024Revenue1150404000
2025Revenue1098028000

Revenue growth

Change in revenue from the same financial period one year earlier.

-4.6% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.32%20%8%-4%-16%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year12.7%
2017Year over year-0.5%
2018Year over year2.3%
2019Year over year12.8%
2020Year over year-12.5%
2021Year over year28.5%
2022Year over year-1.6%
2023Year over year2.8%
2024Year over year1.2%
2025Year over year-4.6%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Net margin 4.6% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.20%9%-1%-12%-23%2016-12-312021-12-312025-12-31
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016-12-31Operating marginNot reported
2017-12-31Operating marginNot reported
2018-12-31Operating marginNot reported
2019-12-31Operating marginNot reported
2020-12-31Operating marginNot reported
2021-12-31Operating marginNot reported
2022-12-31Operating marginNot reported
2023-12-31Operating marginNot reported
2024-12-31Operating marginNot reported
2025-12-31Operating marginNot reported
2016Net margin17.4%
2017Net margin12.4%
2018Net margin5.3%
2019Net margin0.1%
2020Net margin-20.1%
2021Net margin12.8%
2022Net margin-0%
2023Net margin-3.4%
2024Net margin4.6%
2025Net margin4.6%
2016Free cash flow marginNot reported
2017Free cash flow marginNot reported
2018Free cash flow marginNot reported
2019Free cash flow marginNot reported
2020Free cash flow marginNot reported
2021Free cash flow marginNot reported
2022Free cash flow marginNot reported
2023Free cash flow marginNot reported
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

USD -25.6M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.197.3M130.9M64.5M-1.8M-68.2M201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow178983000
2017Operating cash flow173388000
2018Operating cash flow177265000
2019Operating cash flow148166000
2020Operating cash flow92343000
2021Operating cash flow73970000
2022Operating cash flow-29841000
2023Operating cash flow-49885000
2024Operating cash flow-10715000
2025Operating cash flow-25620000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Not enough comparable data to show this history.
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flowUnavailable
2017Free cash flowUnavailable
2018Free cash flowUnavailable
2019Free cash flowUnavailable
2020Free cash flowUnavailable
2021Free cash flowUnavailable
2022Free cash flowUnavailable
2023Free cash flowUnavailable
2024Free cash flowUnavailable
2025Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

75.2% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.87%65%44%22%0%201620212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets64.5%
2017Liabilities / assets67.6%
2018Liabilities / assets66.9%
2019Liabilities / assets68.5%
2020Liabilities / assets71%
2021Liabilities / assets76.9%
2022Liabilities / assets80.6%
2023Liabilities / assets80.3%
2024Liabilities / assets78.4%
2025Liabilities / assets75.2%

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016-12-31Current assets / current liabilitiesNot reportedNo source recorded
2017-12-31Current assets / current liabilitiesNot reportedNo source recorded
2018-12-31Current assets / current liabilitiesNot reportedNo source recorded
2019-12-31Current assets / current liabilitiesNot reportedNo source recorded
2020-12-31Current assets / current liabilitiesNot reportedNo source recorded
2021-12-31Current assets / current liabilitiesNot reportedNo source recorded
2022-12-31Current assets / current liabilitiesNot reportedNo source recorded
2023-12-31Current assets / current liabilitiesNot reportedNo source recorded
2024-12-31Current assets / current liabilitiesNot reportedNo source recorded
2025-12-31Current assets / current liabilitiesNot reportedNo source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
USD 151.08 million
Exact value

Exact value: 151081000 USD

2016-01-01 – 2016-12-31: 151081000 USD Inspect Net Income Open source
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USD 178.98 million
Exact value

Exact value: 178983000 USD

2016-01-01 – 2016-12-31: 178983000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2017 2017-01-01 – 2017-12-31
USD 107.26 million
Exact value

Exact value: 107264000 USD

2017-01-01 – 2017-12-31: 107264000 USD Inspect Net Income Open source
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USD 173.39 million
Exact value

Exact value: 173388000 USD

2017-01-01 – 2017-12-31: 173388000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2018 2018-01-01 – 2018-12-31
USD 47.06 million
Exact value

Exact value: 47057000 USD

2018-01-01 – 2018-12-31: 47057000 USD Inspect Net Income Open source
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USD 177.27 million
Exact value

Exact value: 177265000 USD

2018-01-01 – 2018-12-31: 177265000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2019 2019-01-01 – 2019-12-31
USD 1 million
Exact value

Exact value: 1004000 USD

2019-01-01 – 2019-12-31: 1004000 USD Inspect Net Income Open source
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USD 148.17 million
Exact value

Exact value: 148166000 USD

2019-01-01 – 2019-12-31: 148166000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2020 2020-01-01 – 2020-12-31
−USD 175.73 million
Exact value

Exact value: -175727000 USD

2020-01-01 – 2020-12-31: -175727000 USD Inspect Net Income Open source
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USD 92.34 million
Exact value

Exact value: 92343000 USD

2020-01-01 – 2020-12-31: 92343000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2021 2021-01-01 – 2021-12-31
USD 144.12 million
Exact value

Exact value: 144124000 USD

2021-01-01 – 2021-12-31: 144124000 USD Inspect Net Income Open source
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USD 73.97 million
Exact value

Exact value: 73970000 USD

2021-01-01 – 2021-12-31: 73970000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2022 2022-01-01 – 2022-12-31
−USD 402,000
Exact value

Exact value: -402000 USD

2022-01-01 – 2022-12-31: -402000 USD Inspect Net Income Open source
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−USD 29.84 million
Exact value

Exact value: -29841000 USD

2022-01-01 – 2022-12-31: -29841000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2023 2023-01-01 – 2023-12-31
−USD 38.6 million
Exact value

Exact value: -38604000 USD

2023-01-01 – 2023-12-31: -38604000 USD Inspect Net Income Open source
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−USD 49.89 million
Exact value

Exact value: -49885000 USD

2023-01-01 – 2023-12-31: -49885000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2024 2024-01-01 – 2024-12-31
USD 52.74 million
Exact value

Exact value: 52744000 USD

2024-01-01 – 2024-12-31: 52744000 USD Inspect Net Income Open source
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−USD 10.72 million
Exact value

Exact value: -10715000 USD

2024-01-01 – 2024-12-31: -10715000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2025-01-01 – 2025-12-31
USD 50.92 million
Exact value

Exact value: 50915000 USD

2025-01-01 – 2025-12-31: 50915000 USD Inspect Net Income Open source
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−USD 25.62 million
Exact value

Exact value: -25620000 USD

2025-01-01 – 2025-12-31: -25620000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

183 filings · 3,534 latest values · 3,534 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001127703, 1127703, PRA, edgar:1127703

Also known as PROASSURANCE CORP, ProAssurance Corporation