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50.19 (1y: +14%)
Market Cap 3.1 B P/E(ttm) 9.10
Enterprise Value 3.22 B P/B 1.30
PRA- NYSE (USA)
Proassurance Corporation
  • Currently 1/5
Business Predictability Rank: 1-Star (On Watch)
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$50.19
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GuruFocus Financial Strength Rank measures how strong a companyย’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 : 6/10

vs
industry		 vs
history
Cash to Debt 0.948
PRA's Cash to Debt is ranked lower than
1030927% of the 97 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 3.65 vs. PRA: 0.948 )
PRA' s 10-Year Cash to Debt Range
Min: 0.1   Max: No Debt
Current: 0.95
Equity to Asset 0.421
PRA's Equity to Asset is ranked lower than
1052631% of the 95 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 0.25 vs. PRA: 0.421 )
PRA' s 10-Year Equity to Asset Range
Min: 0.19   Max: 0.42
Current: 0.42
0.19
0.42
Interest Coverage 181.6
PRA's Interest Coverage is ranked lower than
1204818% of the 83 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 25.20 vs. PRA: 181.6 )
PRA' s 10-Year Interest Coverage Range
Min: 5   Max: No Debt
Current: 181.6
F-Score: 3
Z-Score: 1.59
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’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.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

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 : 6/10

vs
industry		 vs
history
Operating margin (%) 55.30
PRA's Operating margin (%) is ranked lower than
1204818% of the 83 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 10.40 vs. PRA: 55.30 )
PRA' s 10-Year Operating margin (%) Range
Min: 3   Max: 57.8
Current: 55.3
3
57.8
Net-margin (%) 38.5
PRA's Net-margin (%) is ranked lower than
1149424% of the 87 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 7.40 vs. PRA: 38.5 )
PRA' s 10-Year Net-margin (%) Range
Min: 2.2   Max: 40.1
Current: 38.5
2.2
40.1
ROE (%) 12.1
PRA's ROE (%) is ranked lower than
1162790% of the 86 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 9.20 vs. PRA: 12.1 )
PRA' s 10-Year ROE (%) Range
Min: 2.4   Max: 21.1
Current: 12.1
2.4
21.1
ROA (%) 5.6
PRA's ROA (%) is ranked lower than
1162790% of the 86 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 2.40 vs. PRA: 5.6 )
PRA' s 10-Year ROA (%) Range
Min: 0.5   Max: 5.7
Current: 5.6
0.5
5.7
Revenue Growth (%) 3.4
PRA's Revenue Growth (%) is ranked lower than
1449274% of the 69 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 8.00 vs. PRA: 3.4 )
PRA' s 10-Year Revenue Growth (%) Range
Min: -5.6   Max: 26.3
Current: 3.4
-5.6
26.3
EBITDA Growth (%) 8.3
PRA's EBITDA Growth (%) is ranked lower than
2777775% of the 36 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 11.50 vs. PRA: 8.3 )
PRA' s 10-Year EBITDA Growth (%) Range
Min: 8.3   Max: 75.6
Current: 8.3
8.3
75.6
EPS Growth (%) 7.4
PRA's EPS Growth (%) is ranked lower than
2702700% of the 37 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 10.80 vs. PRA: 7.4 )
PRA' s 10-Year EPS Growth (%) Range
Min: -30.3   Max: 66.6
Current: 7.4
-30.3
66.6
ยป PRA's 10-Y Financials

Financials


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

» Details

Guru Trades
Q2 2012

PRA Guru Trades in Q2 2012

Jim Simons 76,400 sh (New)
Steven Cohen 244,111 sh (+693.55%)
Jeremy Grantham 6,700 sh (+91.43%)
Paul Tudor Jones 11,200 sh (+55.56%)
James Barrow 440,450 sh (-1.96%)
Chuck Royce 1,781,603 sh (-4.04%)
» More
Q3 2012

PRA Guru Trades in Q3 2012

Steven Cohen 253,223 sh (+3.73%)
Jeremy Grantham Sold Out
James Barrow 435,895 sh (-1.03%)
Jim Simons 59,300 sh (-22.38%)
Chuck Royce 1,285,203 sh (-27.86%)
Paul Tudor Jones 3,700 sh (-66.96%)
» More
Q4 2012

PRA Guru Trades in Q4 2012

Joel Greenblatt 6,100 sh (New)
Paul Tudor Jones 12,400 sh (+235.14%)
Steven Cohen 713,197 sh (+181.65%)
Jim Simons 127,300 sh (+114.67%)
James Barrow 861,170 sh (+97.56%)
Chuck Royce 1,772,698 sh (+37.93%)
» More
Q1 2013

PRA Guru Trades in Q1 2013

Joel Greenblatt Sold Out
Paul Tudor Jones 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
» Details

Insider Trades

Latest Guru Trades with PRA

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2013-03-31 Sold Out 0.02%$42.19 - $47.92 $ 50.1910%0
James Barrow 2012-12-31 Add 97.56%0.04%$42.17 - $46.49 $ 50.1913%861170
Joel Greenblatt 2012-12-31 New Buy0.02%$42.17 - $46.49 $ 50.1913%6100
James Barrow 2011-12-31 Reduce -30.34%0.03%$69.28 - $81.21 $ 50.19-35%441850
James Barrow 2011-06-30 New Buy0.09%$62.5 - $70.31 $ 50.19-25%625950
Premium More recent guru trades are included for Premium Members only!!

Top Ranked Articles about Proassurance Corporation

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December 17, 2012
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 9.10
PRA's P/E(ttm) is ranked lower than
1176469% of the 85 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 13.80 vs. PRA: 9.10 )
PRA' s 10-Year P/E(ttm) Range
Min: 5.8   Max: 122.84
Current: 9.1
5.8
122.84
P/B 1.30
PRA's P/B is ranked lower than
1020407% of the 98 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 1.01 vs. PRA: 1.30 )
PRA' s 10-Year P/B Range
Min: 0.2   Max: 2.64
Current: 1.3
0.2
2.64
P/S 4.25
PRA's P/S is ranked lower than
999999% of the 100 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 1.11 vs. PRA: 4.25 )
PRA' s 10-Year P/S Range
Min: 0.7   Max: 4.34
Current: 4.25
0.7
4.34
PFCF 62.60
PRA's PFCF is ranked lower than
1333332% of the 75 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 7.76 vs. PRA: 62.60 )
PRA' s 10-Year PFCF Range
Min: 2.46   Max: 63.99
Current: 62.6
2.46
63.99
EV-to-EBIT 7.8
PRA's EV-to-EBIT is ranked lower than
1162790% of the 86 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 11.80 vs. PRA: 7.8 )
PRA' s 10-Year EV-to-EBIT Range
Min: 2.9   Max: 262.2
Current: 7.8
2.9
262.2
PEG 0.6
PRA's PEG is ranked lower than
3448272% of the 29 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 0.70 vs. PRA: 0.6 )
PRA' s 10-Year PEG Range
Min: 0.1   Max: 3.85
Current: 0.6
0.1
3.85
Shiller P/E 12.7
PRA's Shiller P/E is ranked lower than
100% of the Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: vs. PRA: 12.7 )
PRA' s 10-Year Shiller P/E Range
Min: 9.67   Max: 32.85
Current: 12.7
9.67
32.85

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 1.49
PRA's Dividend Yield is ranked lower than
1333332% of the 75 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 2.20 vs. PRA: 1.49 )
PRA' s 10-Year Dividend Yield Range
Min: 0.32   Max: 1.61
Current: 1.49
0.32
1.61
Dividend Payout 0.1395
PRA's Dividend Payout is ranked lower than
1515150% of the 66 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 0.32 vs. PRA: 0.1395 )
PRA' s 10-Year Dividend Payout Range
Min: 0.05   Max: 0.14
Current: 0.14
0.05
0.14
Yield on cost (5-Year) 1.50
PRA's Yield on cost (5-Year) is ranked lower than
1298700% of the 77 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 2.48 vs. PRA: 1.50 )
PRA' s 10-Year Yield on cost (5-Year) Range
Min: 0.32   Max: 1.61
Current: 1.5
0.32
1.61
Share Buyback Rate 1.7
PRA's Share Buyback Rate is ranked lower than
2499998% of the 40 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 2.30 vs. PRA: 1.7 )
PRA' s 10-Year Share Buyback Rate Range
Min: 2.7   Max: -7.2
Current: 1.7

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 78.4
PRA's Price/Net Current Asset Value is ranked lower than
1428570% of the 70 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 6.60 vs. PRA: 78.4 )
PRA' s 10-Year Price/Net Current Asset Value Range
Min: 1.4   Max: 65.9
Current: 78.4
1.4
65.9
Price/Tangible Book 1.5
PRA's Price/Tangible Book is ranked lower than
1063829% of the 94 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 1.20 vs. PRA: 1.5 )
PRA' s 10-Year Price/Tangible Book Range
Min: 1   Max: 2.1
Current: 1.5
1
2.1
Price/DCF (Projected) 0.9
PRA's Price/DCF (Projected) is ranked lower than
1785713% of the 56 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 0.60 vs. PRA: 0.9 )
PRA' s 10-Year Price/DCF (Projected) Range
Min: 0.4   Max: 0.8
Current: 0.9
0.4
0.8
Price/Median PS Value 1.9
PRA's Price/Median PS Value is ranked lower than
1010100% of the 99 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 1.10 vs. PRA: 1.9 )
PRA' s 10-Year Price/Median PS Value Range
Min: 0.4   Max: 1.6
Current: 1.9
0.4
1.6
Price/Peter Lynch Fair Value 1.7
PRA's Price/Peter Lynch Fair Value is ranked lower than
6249994% of the 16 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 0.90 vs. PRA: 1.7 )
PRA' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.3   Max: 1
Current: 1.7
0.3
1
Price/Graham Number 0.9
PRA's Price/Graham Number is ranked lower than
1219511% of the 82 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 0.90 vs. PRA: 0.9 )
PRA' s 10-Year Price/Graham Number Range
Min: 0.6   Max: 1.6
Current: 0.9
0.6
1.6
Earnings Yield (Greenblatt) 12.90
PRA's Earnings Yield (Greenblatt) is ranked lower than
1162790% of the 86 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 8.20 vs. PRA: 12.90 )
PRA' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.4   Max: 34.4
Current: 12.9
0.4
34.4
Forward Rate of Return (Yacktman) 9.22
PRA's Forward Rate of Return (Yacktman) is ranked lower than
1960782% of the 51 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 10.91 vs. PRA: 9.22 )
PRA' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 7.4   Max: 106.5
Current: 9.22
7.4
106.5

Business Description

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 insureds 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 ot
Company Website
SEC Reports
Industry: Insurance - Property & Casualty
Compare:RLI, TRV, MBI, QBIEY, TKOMY
ยป More Articles for PRA

Headlines

Articles On GuruFocus.com
Guru Stocks at 52-Week Lows: VOD, PRA, DCM, OXY, NTT Dec 17 2012 
Professor Aswath Damodaran's Modified Low Price-to-Earnings Screen Nov 13 2012 
5 Very Cheap Stocks Hiding In Plain Sight Mar 04 2012 
Value Idea Contest Results Announcement Apr 12 2012 
ProAssurance: Passing the High Hurdle Oct 25 2011 
ProAssurance Corp. Reports Operating Results (10-K) Feb 24 2011 
ProAssurance Corp. Reports Operating Results (10-Q) Nov 04 2010 
ProAssurance Corp. Reports Operating Results (10-Q) Nov 03 2009 
ProAssurance Corp. Reports Operating Results (10-Q) Aug 04 2009 
ProAssurance Corp. Reports Operating Results (10-Q) May 05 2009 


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