ProAssurance (ProAssurance) Scaled Net Operating Assets : -0.40 (As of Dec. 2023)

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What is ProAssurance Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

ProAssurance's operating assets for the quarter that ended in Dec. 2023 was $1,837 Mil. ProAssurance's operating liabilities for the quarter that ended in Dec. 2023 was $4,076 Mil. ProAssurance's Total Assets for the quarter that ended in Sep. 2023 was $5,574 Mil. Therefore, ProAssurance's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.40.

ProAssurance Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

ProAssurance's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(5566.027	-	4075.633)	/	5699.999
=	0.26

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	5631.925	-	65.898
=	5566.027

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	4519.945	-	319.312	-	125
=	4075.633

ProAssurance's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(1836.645	-	4075.633)	/	5573.957
=	-0.40

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	5631.925	-	3795.28
=	1836.645

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	4519.945	-	319.312	-	125
=	4075.633

* 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.

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ProAssurance (ProAssurance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » ProAssurance Corp (NYSE:PRA) » Definitions » Scaled Net Operating Assets

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