ProAssurance Corporation - Company Capsule

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					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

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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
				
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