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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 0.52
PRA's Cash to Debt is ranked higher than
62% of the 190 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 2.25 vs. PRA: 0.52 )
PRA' s 10-Year Cash to Debt Range
Min: 0.1   Max: No Debt
Current: 0.52

Equity to Asset 0.47
PRA's Equity to Asset is ranked higher than
95% of the 189 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 0.24 vs. PRA: 0.47 )
PRA' s 10-Year Equity to Asset Range
Min: 0.19   Max: 0.47
Current: 0.47

0.19
0.47
Interest Coverage 132.43
PRA's Interest Coverage is ranked higher than
80% of the 161 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 20.35 vs. PRA: 132.43 )
PRA' s 10-Year Interest Coverage Range
Min: 5.23   Max: 9999.99
Current: 132.43

5.23
9999.99
F-Score: 4
Z-Score: 1.52
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 49.29
PRA's Operating margin (%) is ranked higher than
98% of the 188 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 10.91 vs. PRA: 49.29 )
PRA' s 10-Year Operating margin (%) Range
Min: 3.54   Max: 57.84
Current: 49.29

3.54
57.84
Net-margin (%) 40.20
PRA's Net-margin (%) is ranked higher than
98% of the 188 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 8.52 vs. PRA: 40.20 )
PRA' s 10-Year Net-margin (%) Range
Min: 3.04   Max: 40.2
Current: 40.2

3.04
40.2
ROE (%) 12.43
PRA's ROE (%) is ranked higher than
83% of the 189 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 10.24 vs. PRA: 12.43 )
PRA' s 10-Year ROE (%) Range
Min: 2.42   Max: 21.14
Current: 12.43

2.42
21.14
ROA (%) 5.78
PRA's ROA (%) is ranked higher than
93% of the 190 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 2.60 vs. PRA: 5.78 )
PRA' s 10-Year ROA (%) Range
Min: 0.47   Max: 5.78
Current: 5.78

0.47
5.78
ROC (Joel Greenblatt) (%) 889.65
PRA's ROC (Joel Greenblatt) (%) is ranked higher than
91% of the 149 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 179.00 vs. PRA: 889.65 )
PRA' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 708.61   Max: 1057.14
Current: 889.65

708.61
1057.14
Revenue Growth (%) 3.50
PRA's Revenue Growth (%) is ranked higher than
61% of the 166 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 9.10 vs. PRA: 3.50 )
PRA' s 10-Year Revenue Growth (%) Range
Min: -7.4   Max: 26.2
Current: 3.5

-7.4
26.2
EBITDA Growth (%) 8.40
PRA's EBITDA Growth (%) is ranked higher than
71% of the 154 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 9.80 vs. PRA: 8.40 )
PRA' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 131
Current: 8.4

0
131
EPS Growth (%) 10.10
PRA's EPS Growth (%) is ranked higher than
73% of the 162 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 10.10 vs. PRA: 10.10 )
PRA' s 10-Year EPS Growth (%) Range
Min: -35.7   Max: 90.3
Current: 10.1

-35.7
90.3
» PRA's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2013

PRA Guru Trades in Q1 2013

Paul Tudor Jones Sold Out
Joel Greenblatt Sold Out
James Barrow 847,370 sh (-1.6%)
Chuck Royce 1,708,698 sh (-3.61%)
Steven Cohen 335,972 sh (-52.89%)
Jim Simons 48,500 sh (-61.9%)
» More
Q2 2013

PRA Guru Trades in Q2 2013

Jim Simons 56,700 sh (+16.91%)
Steven Cohen 355,100 sh (+5.69%)
James Barrow 830,820 sh (-1.95%)
Chuck Royce 913,698 sh (-46.53%)
» More
Q3 2013

PRA Guru Trades in Q3 2013

Joel Greenblatt 6,653 sh (New)
Paul Tudor Jones 20,700 sh (New)
Jim Simons 115,800 sh (+104.23%)
Steven Cohen 409,800 sh (+15.4%)
Chuck Royce 693,698 sh (-24.08%)
James Barrow 623,933 sh (-24.9%)
» More
Q4 2013

PRA Guru Trades in Q4 2013

David Dreman 803 sh (New)
Joel Greenblatt 7,778 sh (+16.91%)
Jim Simons Sold Out
Chuck Royce 613,698 sh (-11.53%)
James Barrow 515,913 sh (-17.31%)
Paul Tudor Jones 9,966 sh (-51.86%)
Steven Cohen 60,640 sh (-85.2%)
» More
» Details

Insider Trades

Latest Guru Trades with PRA

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
David Dreman 2013-12-31 New Buy$42.7 - $49.38 $ 44.39-5%803
James Barrow 2013-09-30 Reduce -24.9%0.02%$45.45 - $55.28 $ 44.39-11%623933
Joel Greenblatt 2013-09-30 New Buy0.01%$45.45 - $55.28 $ 44.39-11%6653
Joel Greenblatt 2013-03-31 Sold Out 0.02%$42.19 - $47.92 $ 44.39-3%0
James Barrow 2012-12-31 Add 97.56%0.04%$42.17 - $46.49 $ 44.390%861170
Joel Greenblatt 2012-12-31 New Buy0.02%$42.17 - $46.49 $ 44.390%6100
James Barrow 2011-12-31 Reduce -30.34%0.03%$69.28 - $81.21 $ 44.39-42%441850
James Barrow 2011-06-30 New Buy0.09%$62.5 - $70.31 $ 44.39-34%625950
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 9.20
PRA's P/E(ttm) is ranked higher than
79% of the 166 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 11.30 vs. PRA: 9.20 )
PRA' s 10-Year P/E(ttm) Range
Min: 6.76   Max: 39.3
Current: 9.2

6.76
39.3
P/B 1.10
PRA's P/B is ranked higher than
71% of the 190 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 1.23 vs. PRA: 1.10 )
PRA' s 10-Year P/B Range
Min: 0.93   Max: 2.13
Current: 1.1

0.93
2.13
P/S 3.70
PRA's P/S is ranked lower than
80% of the 190 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 1.12 vs. PRA: 3.70 )
PRA' s 10-Year P/S Range
Min: 1.42   Max: 4.62
Current: 3.7

1.42
4.62
PFCF 71.60
PRA's PFCF is ranked lower than
78% of the 154 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 8.50 vs. PRA: 71.60 )
PRA' s 10-Year PFCF Range
Min: 3.2   Max: 79.31
Current: 71.6

3.2
79.31
EV-to-EBIT 7.90
PRA's EV-to-EBIT is ranked higher than
74% of the 180 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 9.50 vs. PRA: 7.90 )
PRA' s 10-Year EV-to-EBIT Range
Min: 3.4   Max: 70.8
Current: 7.9

3.4
70.8
PEG 1.00
PRA's PEG is ranked higher than
59% of the 102 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 0.90 vs. PRA: 1.00 )
PRA' s 10-Year PEG Range
Min: 0.13   Max: 1
Current: 1

0.13
1
Shiller P/E 10.70
PRA's Shiller P/E is ranked higher than
94% of the 133 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 16.90 vs. PRA: 10.70 )
PRA' s 10-Year Shiller P/E Range
Min: 9.71   Max: 33.28
Current: 10.7

9.71
33.28

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.50
PRA's Dividend Yield is ranked lower than
51% of the 150 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 2.51 vs. PRA: 2.50 )
PRA' s 10-Year Dividend Yield Range
Min: 0.32   Max: 2.44
Current: 2.5

0.32
2.44
Dividend Payout 0.22
PRA's Dividend Payout is ranked higher than
72% of the 127 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 0.25 vs. PRA: 0.22 )
PRA' s 10-Year Dividend Payout Range
Min: 0.05   Max: 0.22
Current: 0.22

0.05
0.22
Yield on cost (5-Year) 2.50
PRA's Yield on cost (5-Year) is ranked lower than
65% of the 152 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 3.14 vs. PRA: 2.50 )
PRA' s 10-Year Yield on cost (5-Year) Range
Min: 0.32   Max: 2.44
Current: 2.5

0.32
2.44
Share Buyback Rate 1.20
PRA's Share Buyback Rate is ranked higher than
78% of the 148 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: -0.10 vs. PRA: 1.20 )
PRA' s 10-Year Share Buyback Rate Range
Min: 3.5   Max: -9.6
Current: 1.2

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.20
PRA's Price/Tangible Book is ranked higher than
68% of the 180 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 1.40 vs. PRA: 1.20 )
PRA' s 10-Year Price/Tangible Book Range
Min: 1.1   Max: 2.38
Current: 1.2

1.1
2.38
Price/DCF (Projected) 0.80
PRA's Price/DCF (Projected) is ranked lower than
53% of the 130 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 0.50 vs. PRA: 0.80 )
PRA' s 10-Year Price/DCF (Projected) Range
Min: 0.37   Max: 0.87
Current: 0.8

0.37
0.87
Price/Median PS Value 1.40
PRA's Price/Median PS Value is ranked lower than
61% of the 175 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 1.00 vs. PRA: 1.40 )
PRA' s 10-Year Price/Median PS Value Range
Min: 0.39   Max: 1.54
Current: 1.4

0.39
1.54
Price/Peter Lynch Fair Value 0.60
PRA's Price/Peter Lynch Fair Value is ranked higher than
67% of the 46 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 0.70 vs. PRA: 0.60 )
PRA' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.39   Max: 1.05
Current: 0.6

0.39
1.05
Price/Graham Number 0.70
PRA's Price/Graham Number is ranked higher than
81% of the 159 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 0.80 vs. PRA: 0.70 )
PRA' s 10-Year Price/Graham Number Range
Min: 0.62   Max: 2.14
Current: 0.7

0.62
2.14
Earnings Yield (Greenblatt) 12.60
PRA's Earnings Yield (Greenblatt) is ranked higher than
76% of the 184 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 10.40 vs. PRA: 12.60 )
PRA' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.4   Max: 29.5
Current: 12.6

1.4
29.5
Forward Rate of Return (Yacktman) 20.93
PRA's Forward Rate of Return (Yacktman) is ranked higher than
87% of the 143 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 7.76 vs. PRA: 20.93 )
PRA' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -6   Max: 124.1
Current: 20.93

-6
124.1

Business Description

Industry: Insurance - Property & Casualty » Insurance - Property & Casualty
Compare:RLI, TRV, MBI, QBIEY, TKOMY » details
ProAssurance Corporation was incorporated in Delaware as the successor to its predecessor company, Medical Assurance, Inc. in connection with its merger with Professionals Group, Inc. in June 2001. It is an insurance holding company for wholly-owned specialty property and casualty insurance companies that mainly provide professional liability insurance for providers of health care services, and to a lesser extent, providers of legal services. The Company operates in the United States of America. The Company maintains multiple claims and underwriting offices to ensure that it has a local presence in the markets it serves. Its underwriting process is driven by individual risk selection. Its pricing decisions are focused on achieving rate adequacy. The Company assesses the quality and pricing of the risk, emphasizing loss history, areas of practice and location in making its underwriting decision. In performing their assessment, its underwriters might also consult with internal actuaries regarding loss trends and pricing and utilize loss-rating models to assess the projected underwriting results of certain insured risks. Its claims offices are located in Alabama; Delaware, Florida; Illinois, Indiana, Kentucky, Michigan, Missouri, Ohio; Virginia, the District of Columbia, and Wisconsin so that it could provide localized and timely attention to claims. It offers its insured's a strong defense of claims that are non-meritorious or those could not be settled by reasonable, good faith negotiations. Many of these claims are resolved by jury verdict, and the Company engages experienced trial attorneys in each venue to handle the litigation in defense of its policyholders. The Company sells professional liability insurance mainly to physicians, dentists, other healthcare providers and healthcare facilities. It also has a small, but growing, book of legal professional liability business. The Company utilizes both direct marketing and independent agents to write its business. Its marketing of medical professional liability insurance is mainly directed to individual physicians, and those in smaller groups. The Company has a competitive advantage due to its financial stability, local market presence, service quality, size, geographic scope and name recognition, as well as its heritage as a policyholder-founded company with a long-term commitment to the professional liability insurance industry. It competes in a fragmented market with many insurance companies and alternative insurance mechanisms such as risk retention groups or self-insuring entities. Many of its competitors concentrate on a single state and have an extensive knowledge of the local markets. The main competitors in its market area are The Medical Protective Company and The Doctors Company. The Company is subject to regulation under the insurance and insurance holding company statutes of a number of jurisdictions including the domiciliary states of its insurance subsidiaries and o

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