About ProAssurance
ProAssurance is a publicly listed company based in Birmingham (United States) founded in 1976, and was acquired by The Doctors Company in March 2025. Liability insurers for healthcare professionalsentities, medical technology, life sciences products, workers compensation. The company has 1,040 employees. ProAssurance has completed 5 acquisitions, including American Physicians Service Group, EIHI and Ind-Insurance. Its website proassurance.com draws about 34 thousand monthly visits. ProAssurance offers products and services including Malpractice Insurance and Risk Management Solutions. Its focus areas include Insurance Carriers, Property & Casualty, Liability Insurance and Healthcare. Its legal entity is ProAssurance Corporation. Its competitors include Physicians Protector Plan and Wellness Medical Protection Group.
Company details
ProAssurance Corporation operates as a holding company for property and casualty insurance companies focused on professional liability insurance in the United States. Its active insurance subsidiaries are domiciled in Alabama, Illinois, Michigan, Nevada and Vermont. History ProAssurance Corporation was founded in 1976.
- Headquarters Birmingham, United States
- Employees 1,040
- Stage Acquired
- SectorsFinancial Services
- Website category Finance · Insurance
- Website proassurance.com
- Social LinkedIn X
- Acquired by The Doctors Company (Mar 2025)
- Legal Name Proassurance Corporation
- Annual Revenue$1.15 B (USD)1.16as on Dec 31, 2024
- Net Profit$52.74 M (USD)as on Dec 31, 2024
- Latest Funding Round$22M (USD), Post-IPO
May 2004
- Investors
- Employee Count1,040
- Investments & AcquisitionsAmerican Physicians Service Group
& 4 more
- Acquired byThe Doctors Company
(Mar 2025)
Products & Services of ProAssurance
ProAssurance offers a comprehensive portfolio of products and services, including Malpractice Insurance and Risk Management Solutions.
Provides liability coverage for medical professionals against malpractice claims.
Offers educational resources and tools for healthcare risk mitigation.
Funding Insights of ProAssurance
- Total Rounds 3
- Last Round Post-IPO — $22M
- First Round $13M
(Apr 2004)
All 3 funding rounds of ProAssurance with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2004 | $22M | Post-IPO | – | – | – |
| May 2004 | $10M | Post-IPO | – | – | – |
| Apr 2004 | $13M | Post-IPO | – | – | – |
1 investors in total: 1 institutional.
Investors in ProAssurance
ProAssurance has secured backing from 1 investor. Prominent investors backing the company include The Doctors Company.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Offers malpractice insurance and risk management services for physicians and clinicians. | 1976 | thedoctors.com | Napa, United States |
Investor details for ProAssurance
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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People of ProAssurance
143 people are tracked at ProAssurance (47 in leadership, 12 in board & advisors, 84 in team); the tracked headcount is 1,040.
| Name | Role | Group |
|---|---|---|
Noreen L. Dishart | Chief Human Resources Officer | Leadership |
Edward L. Rand Jr. | President & CEO | Leadership |
Dana Shannon Hendricks | CFO | Leadership |
Edward Lewis Rand Jr. | President, Chief Operating Officer & President of Medmarc Insurance Group | Leadership |
Brian Cools | Assistant Vice President Of Marketing & Brand | Leadership |
Pamela Robertson | Senior Vice President, Business Operations, Logistics & Transformation | Leadership |
Mallory Earley | Assistant Vice President, Risk Management | Leadership |
Becky Sargent | Director Of Marketing | Leadership |
Rob Francis | President, Healthcare Professional Liability | Leadership |
Karen Murphy | President, Life Sciences | Leadership |
Emily Kelly-Gillingham | Cimmunications & Digital Marketing Director | Leadership |
Terri Love | Human Resources Business Partner | Leadership |
Anne-Louise Waters | Vice President Finance, Corporate Controller | Leadership |
Christy M. Smith | Director Of Application Development | Leadership |
Paul Dupre | Director Of Accounting | Leadership |
Vanallen Nikki | Director Of Underwriting | Leadership |
Rplu Erin Mullen Cpcu, Are | Assistant Vice President, Medical And Programs | Leadership |
Noreen Dishart Sphr | Chief Human Resources Officer | Leadership |
Lucy Sam | Vice President Underwriting | Leadership |
Brian Russell | Director Application Development | Leadership |
123 more people are available in the full profile.
Complete people profiles for ProAssurance
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Professional contacts
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IPO & Listings of ProAssurance
ProAssurance is a publicly listed company on the NYSE with ticker symbol PRA in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date20 Sep 1991
- Listed onNYSE: PRA
- Listed entityProAssurance Corporation
- Exchange sectorFinance
- ISINUS74267C1062
- Share price$24.70 (+0.41% on the day) · 2026-05-11
- Market capitalisation$1.27B
- Price to earnings19.6
- EPS (diluted, trailing year)$1.26
- Volume (last session)864,957
- Analyst consensusSell
Financials of ProAssurance
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2024 | $1.15B | $52.7M | |
| 2023 | $1.14B | -$38.6M | |
| 2022 | $1.11B | -$402,000 | |
| 2021 | $1.12B | $144.1M | |
| 2020 | $874.5M | -$175.7M |
Detailed financial statements for ProAssurance
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by ProAssurance
ProAssurance has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include American Physicians Service Group, EIHI and Ind-Insurance.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Insurance brokerage services are offered by NORCAL Group. | norcal-group.com | San Francisco, United States | 1975 | Feb 2020 | $450M | |
Limited information available | eihi.com | Lancaster, United States | 2001 | Jan 2014 | $205M | |
Insurance services are provided by Ind-Insurance since its 2002 founding. | ind-insurance.com | Las Vegas, United States | 2002 | Nov 2012 | •••• | |
Provider of professional liability insurances and risk management services | amph.com | Austin, United States | 1975 | Sep 2010 | $233M | |
Medical professional liability insurance is provided to healthcare workers. | picagroup.com | Memphis, United States | 1980 | Apr 2009 | •••• |
Complete acquisition details for ProAssurance
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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- Complete history
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Verified entity values are shown only after access is granted.
Timeline of ProAssurance
10 dated milestones of ProAssurance across 49 years, from founding to its latest funding, stage changes and deals.
- Founded ProAssurance is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $13.0M.
- Funding Latest funding round, Post-IPO, of $22.0M.
- Acquisition Acquires PICA.
- Acquisition Acquires American Physicians Service Group.
- Acquisition Acquires Ind-Insurance.
- Acquisition Acquires EIHI.
- Acquisition Acquires NORCAL Group.
- Exit Acquired by The Doctors Company.
Competitors of ProAssurance
ProAssurance has 2 listed competitors in our database. They include Physicians Protector Plan and Wellness Medical Protection Group.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| phyinsurance.com | 2016 | Tampa, United States | Provides stand-alone tail coverage for medical professionals' insurance transitions. | |||
| wmpg.insure | 2001 | Livonia, United States | Offers liability insurance for med spas, physicians, and businesses with online quoting tools. |
Detailed competitors of ProAssurance
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of ProAssurance
The website of ProAssurance (proassurance.com) receives about 33.5K visits a month and ranks #854,870 among all websites worldwide, #3,782 in Insurance.
- Monthly visits33.5K
▲ 11.3% vs previous month
- Unique visitors15.3K
per month
- Global rank#854,870
among all websites
- Category rank#3,782
Finance · Insurance
- Bounce rate61%
- Pages per visit2.7
- Average visit1 min 10 sec
- DevicesDesktop 23% · Mobile 77%
Websites whose visitors overlap most with ProAssurance. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| medpro.com | 100% | 59K | #340,409 | View details | |
| acegroup.com | 84% | 27.8K | #1,072,477 | View details | |
zurichna.com | zurichna.com | 83% | #285,448 | – | |
| assuranceamerica.com | 78% | 132.5K | #195,949 | View details | |
| travelers.com | 78% | 3.1M | #11,663 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 12 similar websites and full traffic analytics for ProAssurance
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- 12 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Insurance & Risk Management
3 companies that operate in the same segment as ProAssurance (Insurance & Risk Management) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Investment advisory, insurance distribution, and risk management services are provided. | 1998 | Chicago, Illinois, United States | USD 1.6 B | |||
Financial institution offering insurance & transaction services | 1847 | Jacksonville, United States | USD 500 M | USD 14.51 B | 23,530 | |
Integrated healthcare services and coverage are provided nationwide. | 1945 | United States |
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Related news about Proassurance
Complete news archive for ProAssurance
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Frequently Asked Questions about ProAssurance
ProAssurance was founded in 1976 and raised its 1st funding round 28 years after it was founded.
ProAssurance is headquartered in Birmingham, United States. It is registered at Birmingham, Alabama, United States.
ProAssurance has 1,040 employees.
Annual revenue of ProAssurance is $1.15B as on Dec 31, 2024.
ProAssurance Corporation operates as a holding company for property and casualty insurance companies focused on professional liability insurance in the United States. Its active insurance subsidiaries are domiciled in Alabama, Illinois, Michigan, Nevada and Vermont. History ProAssurance Corporation was founded in 1976.
ProAssurance's top competitors include Physicians Protector Plan and Wellness Medical Protection Group.
ProAssurance offers Malpractice Insurance and Risk Management Solutions.
Yes, ProAssurance is publicly traded on NYSE under the ticker symbol PRA.
ProAssurance has made 5 acquisitions, including American Physicians Service Group, EIHI, and Ind-Insurance.
ProAssurance has 1 investor. Key investors include The Doctors Company.
ProAssurance operates through Proassurance Corporation.
Yes. ProAssurance was acquired by The Doctors Company in March 2025.