ProAssurance Corporation (PRA)

12.91 +0.34 (+2.70%) At close: 04:00PM EST

ProAssurance Corporation

100 Brookwood Place
Birmingham, AL 35209
United States
205 877 4400
https://www.proassurance.com

Sector(s): Financial Services
Industry: Insurance - Property & Casualty
Full-time employees: 1,083

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Edward Lewis Rand Jr., CPA	President, CEO & Director	2.37M	N/A	1967
Ms. Dana Shannon Hendricks CPA	Executive VP, Treasurer & CFO	950.48k	N/A	1968
Mr. Jeffrey Patton Lisenby Esq.	EVP, General Counsel & Secretary	1.01M	N/A	1969
Mr. Michael Leonard Boguski CPCU	Executive Officer	1.46M	N/A	1963
Mr. Kevin Merrick Shook CPA	President of Workers Compensation Insurance - Eastern Alliance Insurance Group	948.86k	N/A	1969
Mr. Lawrence K. Cochran	Chief Investment Officer, Head of Treasury & VP	N/A	N/A	N/A
Michael A. Stoeckert	CTO & VP	N/A	N/A	N/A
Mr. Frank B. O'Neil IRC	Senior VP of Corporate Communications & Investor Relations	N/A	N/A	1953
Ms. Kathryn Anne Neville Esq.	Chief Compliance Officer & VP	N/A	N/A	N/A
Ms. Noreen L. Dishart CCP, SPHR	Chief Human Resources Officer & Executive VP	N/A	N/A	1964

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company operates through Specialty Property and Casualty, Workers' Compensation Insurance, Segregated Portfolio Cell Reinsurance, and Lloyd's Syndicates segments. It offers professional liability insurance for healthcare providers and institutions, and attorneys; liability insurance for medical technology and life sciences risks; and workers' compensation insurance, such as guaranteed cost policies, policyholder dividend policies, retrospectively rated policies, and deductible policies, as well as alternative market solutions that include program design, fronting, claims administration, risk management, SPC rental, asset management, and SPC management services for individual companies, agencies, groups, and associations. The company also participates in Lloyd's of London Syndicate 1729, which underwrites property and casualty insurance, and reinsurance. It markets its products through independent agencies and brokers, as well as an internal business development team. The company was founded in 1976 and is headquartered in Birmingham, Alabama.

Corporate governance

ProAssurance Corporation’s ISS governance QualityScore as of 1 December 2023 is 2. The pillar scores are Audit: 2; Board: 1; Shareholder rights: 7; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.