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PROASSURANCE CP   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2020201920182017201620152014201320122011
Period End Date12/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/2011
Premiums written--------------------
Premiums ceded--------------------
Net premiums earned792.72847.53818.85738.53733.28694.15699.73527.92550.66565.42
Net realized investment gains (losses)--------------------
Net investment income72.0093.2791.8895.66100.01108.66125.56129.27136.09140.96
Other income (loss)6.479.229.837.517.817.238.407.557.1113.57
Equity in earnings (loss)of unconsolidated subsidiaries(11.92)(10.06)8.958.03(5.76)3.683.997.54(6.87)(9.15)
Gain on extinguishment of debt--------------------
Other-than-temporary impairment losses (OTTI)(1.75)(0.98)(0.49)(13.20)(10.83)(19.92)(1.48)(0.07)(1.57)(5.19)
Less: portion of OTTI losses recognized in other comprehensive income (before taxes)0.240.23--0.251.074.570.27--(0.20)(0.82)
Other net realized investment gains (losses)17.1960.63(43.00)29.3644.64(26.29)15.8667.9830.6312.01
Total Revenues874.94999.83886.03866.15870.21772.08852.33740.18715.85716.78
Losses and loss adjustment expenses661.45753.92593.21469.16443.23410.71379.23243.02161.73151.27
Reinsurance recoveries------------(16.15)(18.25)18.1911.02
Underwriting, acquisition and insurance expenses------------211.31147.82135.63136.42
Goodwill impairment161.12------------------
Operating expense(127.32)(137.12)(133.69)(140.00)(139.23)(137.51)--------
DPAC amortization(110.57)(115.33)(104.50)(95.75)(88.38)(79.56)--------
Interest expense15.5016.6416.1216.8415.0314.6014.082.762.183.48
Loss on early extinguishment of debt----------------(2.16)--
Gain on Acquisition--------------32.31----
Segregated portfolio cells dividend expense(14.30)(4.58)(9.12)(15.77)(8.14)(0.85)(1.84)------
SPC U.S. federal income tax expense(1.75)(1.06)(0.37)--------------
Income from continuing operations before income taxes(217.06)(28.80)29.03128.62176.20128.86262.01397.16395.97414.60
Provision for income taxes(41.33)(29.81)(18.03)21.3625.1212.6665.4499.64120.50127.50
Deferred expense (benefit)(21.15)(28.64)(11.82)1.69------24.6637.74(1.05)
Current expense (benefit)(20.18)(1.17)(6.21)19.67------74.9882.75128.55
Minority interest--------------------
Income from continuing operations--------------------
Income from discontinued operations, net of tax--------------------
Income before Cumulative Effect of Accounting Change--------------------
Cumulative effect of accounting change--------------------
Net income(175.73)1.0047.06107.26151.08116.20196.57297.52275.47287.10
Basic: Income from continuing operations--------------------
Basic: Income from discontinued operations--------------------
Basic: Cumulative effect of accounting change, net of tax--------------------
Basic earnings per share(3.26)0.020.882.012.842.123.324.824.494.70
Diluted: Income from continuing operations--------------------
Diluted: Income from discontinued operations--------------------
Diluted Cumulative effect of accounting change, net of tax--------------------
Diluted earnings per share(3.26)0.020.882.002.832.113.304.804.464.65
Weighted average number of common shares outstanding: Basic53.8653.7453.6053.3953.2254.8059.2961.7661.3461.14
Weighted average number of common shares outstanding: Diluted53.9153.8453.7553.6153.4555.0259.5362.0261.8361.68