ProAssurance Corporation
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ProAssurance Corporation - Company Capsule
Reference Code: FS0318CC
Published Date: April 2011
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ProAssurance Corporation - Company Capsule Page 1
ProAssurance Corporation
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ProAssurance Corporation - Company Overview
ProAssurance Corporation (ProAssurance) is a holding company for property and casualty insurance companies focused
on professional liability insurance. The company principally engages in sale of professional liability insurance products
primarily to physicians, dentists, other healthcare providers, and healthcare facilities in the United States. ProAssurance
also operates in the legal professional liability business sector. The company markets its products through direct
marketing and independent agents. ProAssurance maintains multiple claims and underwriting offices, each primarily
focussing on a specific market. The company operates in five states of US namely, Alabama, Ohio, Florida, Indiana and
Michigan. ProAssurance is headquartered in Birmingham, Alabama, the US.
Financial Performance
The company reported revenue of US$497.54 million during the year 2009.The company's revenue declined at a
compounded rate of 3.42% during the period 2007-2009 with a year on year growth of 8.33% over fiscal year 2008.
During the fiscal year 2009, its operating margin was 64.06% as against the operating margin of 54.08% in the fiscal year
2008. During the fiscal year 2009, the company’s net profit margin was 44.62% as against the net profit margin of 38.69%
in the fiscal year 2008.
ProAssurance Corporation - Key Facts
ProAssurance Corporation, Key Facts
100 Brookwood Place,
Birmingham, Alabama (AL), Ticker Symbol, Stock PRA (New York Stock
Corporate Address: Exchange)
Exchange
35209, United States
Telephone + 1 205 8774400 No. of Employees 689
Fax + 1 205 8717135 Financial Year End December
URL www.proassurance.com Revenue (in USD Million) 672.68
Industry Financial Services
Locations United States
Source: Annual Report, Company Website, Primary and Secondary Research
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ProAssurance Corporation - Company Capsule Page 2
ProAssurance Corporation
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ProAssurance Corporation - Major Products and Services
ProAssurance is a writer of medical professional liability insurance. Key services of the company include the following:
ProAssurance Corporation, Major Products and Services
Services:
Homeowners' coverage
Umbrella coverage
Boat coverage
Risk management services
Risk resource
Hospital services
Consulting services
Managed care services
Physician services
Resource center
Software services
Source: Annual Report, Company Website, Primary and Secondary Research
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ProAssurance Corporation - Company Capsule Page 3
ProAssurance Corporation
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ProAssurance Corporation - Key Competitors
The following companies are the major competitors of ProAssurance Corporation:
American Physicians Capital, Inc.
Markel Corporation
The Midland Company
Berkshire Hathaway, Inc.
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ProAssurance Corporation - Company Capsule Page 4
ProAssurance Corporation
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ProAssurance Corporation - Key Employees
ProAssurance Corporation, Key Employees
Name Job Title Board Level Since Age
Ann F. Putallaz Director Non Executive Board 2001 64
Co-President Professional Liability
Darryl K. Thomas Senior Management 2005 52
Group, Chief Claims Officer
Drayton Nabers Director Non Executive Board 2007 69
Edward Rand Chief Financial Officer Senior Management 2005 43
Senior Vice President - Corporate
Frank O'Neil Senior Management 2001 56
Communications and Investor Relations
Chief Underwriting Officer, Co-
Howard Friedman President of Professional Liability Senior Management 2005 51
Group
Jeffrey P. Lisenby Senior Vice President, Secretary Senior Management 2007 41
Jerry D. Brant Director Non Executive Board 2009 71
John J. McMahon Director Non Executive Board 2002 67
Lucian F. Bloodworth Director Non Executive Board 2002 69
Robert E. Flowers Director Non Executive Board 2001 60
Victor T. Adamo President, Director Executive Board 2001 61
W. Stancil Starnes Chief Executive Officer, Chairman Executive Board 2008 61
Wilfred W. Yeargan Director Non Executive Board 2002 70
William H. Woodhams Director Non Executive Board 2001 72
William J. Listwan Director Non Executive Board 2006 67
Source: Annual Report, Company Website, Primary and Secondary Research
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ProAssurance Corporation - Company Capsule Page 5
ProAssurance Corporation
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ProAssurance Corporation - Locations and Subsidiaries
Head Office
ProAssurance Corporation
100 Brookwood Place
Birmingham
Alabama (AL)
Zip: 35209
United States
Tel: + 1 205 8774400
Fax: + 1 205 8717135
Other Locations & Subsidiaries
ProAssurance Corporation, Subsidiaries
American Insurance Management Corporation American Medical Insurance Exchange
United States United States
IAO, Inc. Podiatry Insurance Company of America
United States United States
ProAssurance Casualty Company ProAssurance General Insurance Company, Ltd.
United States Bermuda
ProAssurance Group Services Corporation ProAssurance Indemnity Company, Inc.
United States United States
ProAssurance Mid-Continent Underwriters, Inc. P