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Profile - ProAssurance Corporation (NYSE:PRA)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | Msgs | Insider
Recent Events
Aug 16Price hit new 52-week high ($19.25)
Aug  9Price hit new 52-week low ($15.00)
Aug  7Earnings Announcement
Location
100 Brookwood Place
Birmingham, AL 35209
Phone: (205) 877-4400
Fax: (205) 871-7135
Email: foneil@proassurance.com
Employees (last reported count): 237
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Insurance (Prop. & Casualty)
Company Websites
 ·Home Page
 ·Investor Relations
 ·Subsidiaries
 ·Yahoo! Category

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Ownership
·Insider and 5%+ Owners: 20%
·Over the last 6 months:
 · one insider sell; 1,000  shares
·Institutional: 32% (40% of float)
(107 institutions)
·Net Inst. Selling: 1.02M shares (+16.67%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
ProAssurance Corporation is a risk management and claims defense company. ProAssurance's subsidiaries, Medical Assurance, Inc. and ProNational Insurance Company, are licensed to write business in over 45 states, and the Company protects more than 30,000 policyholders throughout the United States. ProAssurance Corporation is the holding company formed by the merger of two medical liability insurance companies, Medical Assurance, Inc. and Professionals Group, the parent company for ProNational Insurance Company and MEEMIC Holdings, Inc. a provider of auto and homeowners coverage for educational employees in Michigan.
More from Market Guide: Expanded Business Description

Financial Summary
ProAssurance Corporation is a risk management and claims defense company that operates through its subsidiaries, Medical Assurance, Inc. and ProNational Insurance Company. For the three months ended 3/31/01, total revenues rose 26% to $60.4 million. Net income fell 70% to $2.3 million. Revenues reflect increased premiums earned due to rate increases and reductions in discretionary discounts. Earnings were offset by higher losses and adjustments.

Recent Earnings Announcement
For the 3 months ended 06/30/2001, revenues were 57,987; after tax earnings were 2,987. (Preliminary; reported in thousands of dollars.)

More from Market Guide: Significant Developments

Officers[Insider Trade Data]

Position
A. Derrill Crowe, M.D.Chairman, CEO
Victor AdamoVice Chairman, Pres, COO
James MorelloCFO, Treasurer
Howard FriedmanSr. VP, Corp. Devel. Sec.
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NYSE:PRAAs of 31-Aug-2001
Price and Volume
52-Week Low
on 9-Aug-2001
$15.00 
Recent Price$18.08 
52-Week High
on 16-Aug-2001
$19.25 
Daily Volume (10-day avg)25.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y]
4-Week Change+13.7%
4-Week Change
relative to S&P500
+21.8%
Share-Related Items
Market Capitalization$408.3M
Shares Outstanding22.6M
Float18.1M
Dividends & Splits
Annual Dividendnone 
Last Split: 21 for 20 on 5-Jan-2000
Per-Share Data
Book Value (mrq*)$15.39 
Earnings (ttm)$0.68 
Earnings (mrq)$0.13 
Sales (ttm)$10.41 
Cash (mrq*)$0.72 
Valuation Ratios
Price/Book (mrq*)1.18 
Price/Earnings (ttm)26.79 
Price/Sales (ttm)1.74 
Income Statements
Sales (ttm)$238.4M
EBITDAN/A 
Income available to common (ttm)$15.5M
Profitability
Profit Margin (ttm)6.5%
Operating Margin (ttm)8.6%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter
(fully updated)
31-Mar-2001
Most recent quarter
(flash earnings)
30-June-2001
Management Effectiveness
Return on Assets (ttm)1.35%
Return on Equity (ttm)4.50%
Financial Strength
Current RatioN/A 
Debt/Equity (mrq*)0 
Total Cash (mrq)$0 
Short Interest
As of 8-Aug-2001
Shares Short307.0K
Percent of Float1.7%
Shares Short
(Prior Month)
454.0K
Short Ratio13.96 
Daily Volume22.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001, except mrq*/ttm* items as of 31-Mar-2001)

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