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PRA (ProAssurance) Goodwill-to-Asset : 0.00 (As of Sep. 2024)


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What is ProAssurance Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. ProAssurance's Goodwill for the quarter that ended in Sep. 2024 was $6 Mil. ProAssurance's Total Assets for the quarter that ended in Sep. 2024 was $5,732 Mil. Therefore, ProAssurance's Goodwill to Asset Ratio for the quarter that ended in Sep. 2024 was 0.00.


ProAssurance Goodwill-to-Asset Historical Data

The historical data trend for ProAssurance's Goodwill-to-Asset 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 Goodwill-to-Asset Chart

ProAssurance Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Goodwill-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.04 0.01 0.01 0.01 -

ProAssurance Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Goodwill-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of ProAssurance's Goodwill-to-Asset

For the Insurance - Property & Casualty subindustry, ProAssurance's Goodwill-to-Asset, along with its competitors' market caps and Goodwill-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ProAssurance's Goodwill-to-Asset Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, ProAssurance's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where ProAssurance's Goodwill-to-Asset falls into.



ProAssurance Goodwill-to-Asset Calculation

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.

It is calculated by dividing goodwill by total assets.

ProAssurance's Goodwill to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Goodwill to Asset (A: Dec. 2023 )=Goodwill/Total Assets
=5.5/5631.925
=0.00

ProAssurance's Goodwill to Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

Goodwill to Asset (Q: Sep. 2024 )=Goodwill/Total Assets
=5.5/5732.372
=0.00

* 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.


ProAssurance  (NYSE:PRA) Goodwill-to-Asset Explanation

If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.

Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.

Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.


ProAssurance Goodwill-to-Asset Related Terms

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ProAssurance Business Description

Traded in Other Exchanges
Address
100 Brookwood Place, Birmingham, AL, USA, 35209
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