About ProAssurance
ProAssurance is a company based in Birmingham (United States) founded in 1976 was acquired by The Doctors Company in March 2025.. The company has 1,040 employees as of December 31, 2024. ProAssurance has completed 5 acquisitions, including American Physicians Service Group, EIHI and Ind-Insurance. ProAssurance offers products and services including Malpractice Insurance and Risk Management Solutions. ProAssurance operates in a competitive market with competitors including Physicians Protector Plan and Wellness Medical Protection Group, among others.
- Headquarter Birmingham, United States
- Employees 1040 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Proassurance Corporation
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Annual Revenue
$1.15 B1.16as on Dec 31, 2024
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Net Profit
$52.74 M236.63as on Dec 31, 2024
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EBITDA
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Latest Funding Round
$22 M (USD), Post-IPO
May 26, 2004
- Investors
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Employee Count
1040
as on Dec 31, 2024
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Investments & Acquisitions
American Physicians Service Group
& 4 more
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Acquired by
The Doctors Company
(Mar 20, 2025)
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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.
Products & Services of ProAssurance
ProAssurance offers a comprehensive portfolio of products and services, including Malpractice Insurance and Risk Management Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides liability coverage for medical professionals against malpractice claims.
Offers educational resources and tools for healthcare risk mitigation.
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Software Development Team
50 people
Leadership Team
29 people
Sales and Marketing
12 people
Senior Team
11 people
Finance and Accounting
10 people
Human Resources and Administration
5 people
Data Analysis and Operations Team
4 people
Staff Team
4 people
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Funding Insights of ProAssurance
- Total Funding Total Funding
- Total Rounds 3
- Last Round Post-IPO — $22.0M
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First Round
First Round
(29 Apr 2004)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2004 | Amount | Post-IPO - ProAssurance | Valuation |
investors |
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| May, 2004 | Amount | Post-IPO - ProAssurance | Valuation |
investors |
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| Apr, 2004 | Amount | Post-IPO - ProAssurance | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ProAssurance
ProAssurance has secured backing from 1 investor. Prominent investors backing the company include The Doctors Company. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Offers malpractice insurance and risk management services for physicians and clinicians.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Insurance services are provided by Ind-Insurance since its 2002 founding.
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2002 | ||||
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Limited information available
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2001 | ||||
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Medical professional liability insurance is provided to healthcare workers.
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1980 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - ProAssurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Proassurance Comparisons
Competitors of ProAssurance
ProAssurance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Physicians Protector Plan and Wellness Medical Protection Group, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provides stand-alone tail coverage for medical professionals' insurance transitions.
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| domain | founded_year | HQ Location |
Offers liability insurance for med spas, physicians, and businesses with online quoting tools.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Proassurance
Frequently Asked Questions about ProAssurance
When was ProAssurance founded?
ProAssurance was founded in 1976 and raised its 1st funding round 28 years after it was founded.
Where is ProAssurance located?
ProAssurance is headquartered in Birmingham, United States. It is registered at Birmingham, Alabama, United States.
How many employees does ProAssurance have?
As of Dec 31, 2024, the latest employee count at ProAssurance is 1,040.
What is the annual revenue of ProAssurance?
Annual revenue of ProAssurance is $1.15B as on Dec 31, 2024.
What does ProAssurance do?
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.
Who are the top competitors of ProAssurance?
ProAssurance's top competitors include Physicians Protector Plan and Wellness Medical Protection Group.
What products or services does ProAssurance offer?
ProAssurance offers Malpractice Insurance and Risk Management Solutions.
Is ProAssurance publicly traded?
Yes, ProAssurance is publicly traded on NYSE under the ticker symbol PRA.
How many acquisitions has ProAssurance made?
ProAssurance has made 5 acquisitions, including American Physicians Service Group, EIHI, and Ind-Insurance.
Who are ProAssurance's investors?
ProAssurance has 1 investor. Key investors include The Doctors Company.
What is ProAssurance's ticker symbol?
The ticker symbol of ProAssurance is PRA on NYSE.