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PROASSURANCE CP   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2021202020192018201720162015201420132012
Period End Date12/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/2012
Premiums written--------------------
Premiums ceded--------------------
Net premiums earned971.67792.72847.53818.85738.53733.28694.15699.73527.92550.66
Net realized investment gains (losses)--------------------
Net investment income70.5272.0093.2791.8895.66100.01108.66125.56129.27136.09
Other income (loss)8.946.479.229.837.517.817.238.407.557.11
Equity in earnings (loss)of unconsolidated subsidiaries48.97(11.92)(10.06)8.958.03(5.76)3.683.997.54(6.87)
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)
Less: portion of OTTI losses recognized in other comprehensive income (before taxes)--0.240.23--0.251.074.570.27--(0.20)
Other net realized investment gains (losses)24.3117.1960.63(43.00)29.3644.64(26.29)15.8667.9830.63
Total Revenues1,124.41874.94999.83886.03866.15870.21772.08852.33740.18715.85
Losses and loss adjustment expenses752.25661.45753.92593.21469.16443.23410.71379.23243.02161.73
Reinsurance recoveries--------------(16.15)(18.25)18.19
Underwriting, acquisition and insurance expenses--------------211.31147.82135.63
Goodwill impairment--161.12----------------
Operating expense(157.64)(127.32)(137.12)(133.69)(140.00)(139.23)(137.51)------
DPAC amortization(110.61)(110.57)(115.33)(104.50)(95.75)(88.38)(79.56)------
Interest expense19.7215.5016.6416.1216.8415.0314.6014.082.762.18
Loss on early extinguishment of debt------------------(2.16)
Gain on Acquisition74.41--------------32.31--
Segregated portfolio cells dividend expense(10.05)(14.30)(4.58)(9.12)(15.77)(8.14)(0.85)(1.84)----
SPC U.S. federal income tax expense(1.95)(1.75)(1.06)(0.37)------------
Income from continuing operations before income taxes146.61(217.06)(28.80)29.03128.62176.20128.86262.01397.16395.97
Provision for income taxes2.48(41.33)(29.81)(18.03)21.3625.1212.6665.4499.64120.50
Deferred expense (benefit)1.32(21.15)(28.64)(11.82)1.69------24.6637.74
Current expense (benefit)1.16(20.18)(1.17)(6.21)19.67------74.9882.75
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 income144.12(175.73)1.0047.06107.26151.08116.20196.57297.52275.47
Basic: Income from continuing operations--------------------
Basic: Income from discontinued operations--------------------
Basic: Cumulative effect of accounting change, net of tax--------------------
Basic earnings per share2.67(3.26)0.020.882.012.842.123.324.824.49
Diluted: Income from continuing operations--------------------
Diluted: Income from discontinued operations--------------------
Diluted Cumulative effect of accounting change, net of tax--------------------
Diluted earnings per share2.67(3.26)0.020.882.002.832.113.304.804.46
Weighted average number of common shares outstanding: Basic53.9653.8653.7453.6053.3953.2254.8059.2961.7661.34
Weighted average number of common shares outstanding: Diluted54.0653.9153.8453.7553.6153.4555.0259.5362.0261.83