Proassurance corporation (PRA)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Dec'09
Assets
Investments
Fixed maturities, at fair value; cost or amortized cost, $2,155,270 and $2,257,188, respectively

47

2,288

45

2,229

2,185

2,093

2,165

2,155

2,157

2,280

2,468

2,546

2,604

2,613

2,750

2,787

2,755

2,760

2,826

2,967

3,045

3,145

3,246

3,272

3,256

3,118

3,212

3,534

3,627

3,447

3,570

3,589

3,662

3,665

3,674

3,635

3,635

3,603

3,452

3,457

3,442

Equity investments, at fair value (cost, $108,548 and $227,873, respectively)

92

250

409

420

476

442

523

496

492

470

411

410

391

387

365

351

328

322

317

307

332

314

306

301

278

253

249

256

257

202

183

154

122

103

73

36

36

37

32

23

43

Equity securities, available for sale, at fair value; cost, $6 at December 31, 2011

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

0

0

3

3

3

3

Short-term investments

347

339

270

287

217

308

204

212

349

432

294

263

280

442

254

206

148

119

158

144

114

131

94

172

161

248

115

87

149

71

167

167

132

119

96

128

145

168

338

288

187

Business owned life insurance

66

66

65

65

64

64

63

63

62

62

61

61

60

60

59

58

57

57

56

56

56

56

55

55

54

54

53

53

52

52

52

53

53

52

52

51

50

50

66

65

65

Investment In Unconsolidated Subsidiaries

371

358

366

385

390

367

390

390

401

330

331

330

330

340

337

332

327

311

298

291

289

276

254

242

235

214

189

191

198

121

120

113

116

111

114

116

102

88

69

79

48

Other investments (at fair value, $30,871 and $36,018, respectively, otherwise at cost or amortized cost)

33

38

37

36

36

34

35

35

35

110

103

80

80

81

81

80

80

79

91

91

92

86

92

93

88

52

36

33

33

31

31

21

37

38

34

35

36

38

36

47

47

Total Investments

3,241

3,390

3,496

3,467

3,414

3,349

3,383

3,353

3,498

3,686

3,671

3,692

3,747

3,925

3,849

3,816

3,698

3,650

3,748

3,857

3,931

4,009

4,051

4,138

4,074

3,941

3,857

4,156

4,318

3,926

4,125

4,100

4,124

4,090

4,046

4,004

4,007

3,990

3,997

3,966

3,838

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents

-

-

102

91

71

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents

217

175

-

-

-

80

87

66

43

134

119

117

101

117

128

145

197

241

201

151

203

197

248

210

296

129

279

119

94

118

97

132

120

130

125

101

59

50

48

45

40

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

78

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Premiums receivable, net

266

249

283

278

289

261

283

279

247

238

262

235

224

223

240

228

219

217

239

219

209

202

229

215

204

115

131

119

122

106

125

112

130

120

138

119

123

120

117

104

116

Receivable from reinsurers on paid losses and loss adjustment expenses

16

12

15

17

27

11

9

10

12

7

7

5

5

5

13

11

17

9

6

9

13

6

9

5

8

3

6

2

2

4

9

15

10

4

2

3

4

4

6

9

16

Receivable from reinsurers on unpaid losses and loss adjustment expenses

389

390

357

352

349

343

332

324

329

335

313

280

271

273

254

253

245

249

240

237

238

237

251

256

265

247

249

252

251

191

231

239

245

247

283

278

280

277

269

265

262

Prepaid reinsurance premiums

44

42

53

48

45

40

51

50

39

39

47

47

43

39

45

42

40

34

36

35

34

32

36

29

27

21

24

26

24

13

16

17

14

12

14

15

12

11

12

13

11

Deferred policy acquisition costs

56

55

58

55

56

54

56

52

50

50

51

50

49

46

49

47

44

44

47

44

40

38

44

43

41

28

30

27

26

23

25

25

27

26

27

27

28

27

27

26

25

Deferred tax asset, net

66

44

19

11

15

29

17

18

16

9

13

5

1

10

0

0

0

15

7

-

-

0

0

0

0

1

1

8

-

0

7

22

26

30

20

32

45

56

33

41

68

Real estate, net

31

30

30

30

30

31

31

31

31

31

32

32

31

31

38

38

38

38

38

39

39

39

40

40

40

41

41

41

41

41

41

40

40

40

40

43

43

43

44

44

44

Operating lease ROU assets

19

21

20

20

17

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

70

70

72

73

75

76

78

79

81

82

84

81

82

84

86

88

90

92

94

96

98

100

103

105

108

52

52

54

55

53

50

51

52

53

54

55

57

60

-

-

-

Amortizable intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8

8

9

Goodwill

210

210

210

210

210

210

210

210

210

210

210

210

210

210

210

210

210

210

210

210

210

210

210

210

210

161

161

161

161

163

159

159

159

159

159

161

161

161

122

122

122

Other assets

100

111

104

127

112

111

110

106

115

101

109

101

101

96

98

94

89

103

90

98

92

93

100

141

127

329

127

141

120

234

83

79

80

81

74

82

80

70

82

89

89

Total Assets

4,730

4,805

4,824

4,786

4,717

4,600

4,653

4,583

4,678

4,929

4,925

4,861

4,872

5,065

5,015

4,976

4,894

4,906

4,963

5,001

5,114

5,169

5,325

5,397

5,405

5,150

4,963

5,112

5,218

4,876

4,972

4,995

5,033

4,998

4,988

4,926

4,905

4,875

4,771

4,737

4,647

Liabilities and Shareholders' Equity
Liabilities
Policy liabilities and accruals
Reserve for losses and loss adjustment expenses

2,331

2,346

2,215

2,195

2,158

2,119

2,099

2,078

2,056

2,048

2,040

1,991

1,996

1,993

1,998

1,992

2,005

2,005

2,022

2,026

2,044

2,058

2,146

2,174

2,204

2,072

2,148

2,192

2,216

2,054

2,153

2,193

2,234

2,247

2,393

2,402

2,411

2,414

2,405

2,412

2,422

Unearned premiums

443

413

459

441

457

415

444

421

426

398

422

397

397

372

406

385

387

362

401

370

373

345

391

363

366

255

281

260

278

233

257

238

273

251

277

249

275

256

249

230

244

Reinsurance premiums payable

52

52

58

54

54

55

54

51

46

37

34

38

34

30

31

34

29

30

23

24

26

17

32

28

42

34

37

42

45

45

86

81

90

82

110

103

107

111

118

119

113

Total Policy Liabilities

2,826

2,812

2,733

2,692

2,671

2,590

2,598

2,551

2,530

2,484

2,497

2,427

2,428

2,395

2,436

2,412

2,422

2,397

2,447

2,421

2,444

2,421

2,569

2,566

2,612

2,362

2,467

2,495

2,540

2,334

2,497

2,513

2,599

2,580

2,781

2,755

2,794

2,781

2,773

2,762

2,780

Operating Lease, Liability

21

22

21

21

18

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liability, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

8

-

-

0

11

30

18

21

32

24

0

0

0

27

14

-

-

-

0

-

-

-

-

-

-

-

Other liabilities

169

173

193

203

178

199

179

169

207

437

176

169

170

422

187

179

139

202

158

161

160

320

164

188

166

143

123

155

165

131

126

154

167

203

135

153

174

186

128

131

112

Long-term Debt

285

285

286

287

287

287

288

288

371

411

400

426

448

448

348

348

347

347

350

350

350

250

250

250

250

250

0

125

125

125

0

49

49

49

49

51

51

51

51

50

50

Total Liabilities

3,303

3,293

3,234

3,204

3,155

3,077

3,066

3,008

3,109

3,334

3,074

3,023

3,046

3,266

2,973

2,948

2,909

2,947

2,956

2,944

2,985

3,011

3,004

3,036

3,053

2,755

2,590

2,775

2,857

2,605

2,623

2,717

2,816

2,834

2,967

2,960

3,020

3,019

2,953

2,944

2,942

Shareholders' Equity
Common shares (par value $0.01 per share, 100,000,000 shares authorized, 63,165,667 and 63,117,235 shares issued, respectively)

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Additional paid-in capital

384

384

385

385

383

384

384

383

380

383

380

379

375

376

371

370

366

365

364

362

359

359

357

355

351

349

347

345

342

341

543

543

539

538

537

535

533

532

531

529

526

Accumulated other comprehensive income (loss) (net of deferred tax expense (benefit) of ($1,162) and $9,795, respectively)

-4

36

39

31

8

-16

-20

-16

-8

14

25

26

20

17

56

61

47

23

36

41

65

58

67

81

70

59

70

75

137

145

158

140

133

130

122

99

74

79

132

104

59

Retained earnings

1,463

1,505

1,581

1,581

1,586

1,571

1,639

1,625

1,614

1,614

1,864

1,851

1,848

1,824

2,034

2,017

1,990

1,988

2,022

2,028

2,012

1,991

2,094

2,076

2,044

2,015

1,963

1,915

1,880

1,782

1,851

1,798

1,747

1,699

1,566

1,530

1,475

1,428

1,325

1,274

1,196

Total

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,467

-

2,381

2,336

2,361

2,270

2,553

2,482

2,421

2,368

2,226

2,165

2,084

2,039

1,990

1,909

1,782

Treasury shares, at cost (9,325,180 shares as of each respective period end)

415

415

417

417

417

417

418

418

418

418

419

419

419

419

421

421

420

419

417

375

309

252

198

153

115

31

8

0

0

0

204

204

204

204

204

199

199

183

171

116

77

Total Shareholders' Equity

1,427

1,511

1,589

1,581

1,561

1,523

1,586

1,574

1,569

1,594

1,850

1,838

1,825

1,798

2,042

2,028

1,984

1,958

2,006

2,057

2,128

2,157

2,321

2,360

2,351

2,394

2,373

2,336

2,361

2,270

2,349

2,278

2,216

2,164

2,021

1,966

1,884

1,855

1,818

1,792

1,704

Total Liabilities and Shareholders' Equity

4,730

4,805

4,824

4,786

4,717

4,600

4,653

4,583

4,678

4,929

4,925

4,861

4,872

5,065

5,015

4,976

4,894

4,906

4,963

5,001

5,114

5,169

5,325

5,397

5,405

5,150

4,963

5,112

5,218

4,876

4,972

4,995

5,033

4,998

4,988

4,926

4,905

4,875

4,771

4,737

4,647