ProAssurance (ProAssurance) Interest Expense

: $-23 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ProAssurance's interest expense for the three months ended in Dec. 2023 was $ -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-23 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. ProAssurance's Operating Income for the three months ended in Dec. 2023 was $ 16 Mil. ProAssurance's Interest Expense for the three months ended in Dec. 2023 was $ -7 Mil. ProAssurance's Interest Coverage for the quarter that ended in Dec. 2023 was 2.46. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

ProAssurance Interest Expense Historical Data

The historical data trend for ProAssurance's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ProAssurance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-16.64

-15.50

-19.72

-20.37

-23.15

ProAssurance Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-5.50	-5.46	-5.50	-5.51	-6.67

ProAssurance Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-23 Mil.

ProAssurance (NYSE:PRA) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

ProAssurance's Interest Expense for the three months ended in Dec. 2023 was $-7 Mil. Its EBIT for the three months ended in Dec. 2023 was $16 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $319 Mil.

ProAssurance's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	16.405	/	-6.672
	=	2.46

The higher the ratio, the stronger the company's financial strength is.

ProAssurance (ProAssurance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » ProAssurance Corp (NYSE:PRA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Brookwood Place, Birmingham, AL, USA, 35209

Website

https://www.proassurance.com

ProAssurance Corp is a holding company for property and casualty insurance companies. The company's wholly owned insurance subsidiaries provide professional liability insurance for healthcare professionals and facilities, professional liability insurance for attorneys, and workers' compensation insurance. ProAssurance reports operating results in five segments: Specialty Property and Casualty, Workers' Compensation, Segregated Portfolio Cell Reinsurance, Lloyd's Syndicate, and Corporate. ProAssurance generates the vast majority of its revenue from its Specialty P&C activities, followed by Worker's Compensation.

Executives

Robert David Francis	officer: Pres Healthcare Pro. Liability	4 PINE RIDGE LANE, MOUNTAIN BROOK AL 35213
Scott C Syphax	director	100 BROOKWOOD PLACE, SUITE 300, BIRMINGHAM AL 35209
Fabiloa Cobarrubias	director	100 BROOKWOOD PLACE, SUITE 300, BIRMINGHAM AL 35209
Noreen Dishart	officer: Executive VP/Chief HR Officer	177 SALOLI WAY, LOUDON TN 37774
Frank Anthony Spinosa	director	PO BOX 72, SHELTER ISLAND NY 11964
Mcmahon John J Jr	director	1927 1ST AVENUE NORTH, 5TH FLOOR, BIRMINGHAM AL 35203
Maye Head Frei	director	2964 CHEROKEE ROAD, BIRMINGHAM AL 35223
Kevin Merrick Shook	officer: President of a Subsidiary	25 RACE AVENUE, LANCASTER PA 17603
Dana S Hendricks	officer: Chief Financial Officer	656 AYLESFORD LANE, FRANKLIN TN 37069
Magnus James Gorrie	director	PO BOX 10383, BIRMINGHAM AL 35202
Adkins Kedrick D Jr	director	1173 COPPERWOOD DRIVE, BLOOMFIELD HILLS MI 48302
O Neil Frank B	officer: Senior Vice-President, other: Assistant Secretary
Howard H Friedman	officer: Chief Financial Officer, other: Secretary & Senior VP
William Stancil Starnes	officer: Chief Executive Officer	P O BOX 598512, BIRMINGHAM AL 35259-8512
Jeffrey Patton Lisenby	officer: Vice-President, other: Corporate Secretary	100 BROOKWOOD PLACE, BIRMINGHAM AL 35209