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Proassurance Corp. (PRA) Fundamental Analysis & AI Grade 2026

PRA NYSE Fire, Marine & Casualty Insurance DE CIK: 0001127703
Updated This Month • Analysis: May 7, 2026 • SEC Data: 2026-03-31
Combined AI Grade
C
78% Confidence
N/A
C
78% Conf
Pending
Analysis scheduled

📊 PRA Key Takeaways

Revenue: $262.6M
Net Margin: 3.2%
Free Cash Flow: $-24.1M
Current Ratio: N/A
Debt/Equity: 0.31x
EPS: $0.16
AI Grade: C with 78% confidence
Proassurance Corp. (PRA) receives a C fundamental grade with 78% confidence from our AI analysis based on SEC 10-K filings. With revenue of $262.6M, net profit margin of 3.2%, and return on equity (ROE) of 0.6%, Proassurance Corp. demonstrates mixed fundamentals in the Finance sector. Below is our complete PRA stock analysis for 2026.

Is Proassurance Corp. (PRA) a Good Investment?

Claude

ProAssurance faces significant operational headwinds with negative operating cash flow (-$21.3M) and declining revenue (-4.6% YoY), indicating the core insurance underwriting business is not generating positive cash. Severely depressed profitability metrics (0.6% ROE, 0.2% ROA, 3.2% net margin) combined with negative free cash flow suggest the company is burning capital and struggling to create shareholder value.

Proassurance Corp. Key Strengths (PRA)

Claude
  • + Moderate leverage with debt-to-equity ratio of 0.31x, providing some financial flexibility
  • + Still generating positive net income ($8.5M) despite operational challenges
  • + Large asset base ($5.4B) provides established market position in insurance sector

PRA Stock Risks: Proassurance Corp. Investment Risks

Claude
  • ! Negative operating cash flow (-$21.3M) indicates core underwriting operations are unprofitable after claims and expenses
  • ! Critically low cash reserves ($14.1M) relative to total assets ($5.4B) create liquidity vulnerability
  • ! Declining revenue (-4.6% YoY) and net income (-3.5% YoY) suggest loss of market share or deteriorating underwriting results
  • ! Interest coverage ratio of 1.6x is dangerously low with minimal margin for earnings deterioration
  • ! Negative free cash flow (-$24.1M) cannot sustain dividend payments or debt reduction

Key Metrics to Watch

Claude
  • * Quarterly operating cash flow trend and return to positive territory
  • * Claims ratios and loss reserve adequacy
  • * Premium volume trends and pricing power
  • * Cash position and liquidity management
  • * Combined ratio in insurance operations

Proassurance Corp. (PRA) Financial Metrics & Key Ratios

Revenue
$262.6M
Net Income
$8.5M
EPS (Diluted)
$0.16
Free Cash Flow
$-24.1M
Total Assets
$5.4B
Cash Position
$14.1M

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

PRA Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin 3.5%
Net Margin 3.2%
ROE 0.6%
ROA 0.2%
FCF Margin -9.2%

PRA vs Finance Sector: How Proassurance Corp. Compares

How Proassurance Corp. compares to Finance sector averages

Net Margin
PRA 3.2%
vs
Sector Avg 25.0%
PRA Sector
ROE
PRA 0.6%
vs
Sector Avg 12.0%
PRA Sector
Current Ratio
PRA 0.0x
vs
Sector Avg 1.2x
PRA Sector
Debt/Equity
PRA 0.3x
vs
Sector Avg 2.0x
PRA Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Proassurance Corp. Stock Overvalued? PRA Valuation Analysis 2026

Based on fundamental analysis, Proassurance Corp. has mixed fundamental signals relative to the Finance sector in 2026.

Return on Equity
0.6%
Sector avg: 12%
Net Profit Margin
3.2%
Sector avg: 25%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.31x
Sector avg: 2x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Proassurance Corp. Balance Sheet: PRA Debt, Cash & Liquidity

Current Ratio
N/A
Quick Ratio
N/A
Debt/Equity
0.31x
Debt/Assets
75.3%
Interest Coverage
1.63x
Long-term Debt
$419.3M

PRA Revenue & Earnings Growth: 5-Year Financial Trend

PRA 5-year financial data: Year 2021: Revenue $1.1B, Net Income $1.0M, EPS $0.02. Year 2022: Revenue $1.1B, Net Income -$175.7M, EPS $-3.26. Year 2023: Revenue $1.1B, Net Income $144.1M, EPS $2.67. Year 2024: Revenue $1.2B, Net Income -$402.0K, EPS $-0.01. Year 2025: Revenue $1.2B, Net Income -$38.6M, EPS $-0.73.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Proassurance Corp.'s revenue has shown modest growth of 2% over the 5-year period. The most recent EPS of $-0.73 indicates the company is currently unprofitable.

PRA Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-9.2%
Free cash flow / Revenue

PRA Quarterly Earnings & Performance

Quarterly financial performance data for Proassurance Corp. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $262.6M -$5.8M $-0.11
Q3 2025 $279.6M $1.4M $0.03
Q2 2025 $276.8M $15.5M $0.30
Q1 2025 $272.1M $4.6M $0.09
Q3 2024 $275.7M $16.4M $0.32
Q2 2024 $290.4M $4.5M $0.08
Q1 2024 $272.7M $4.6M $0.09
Q3 2023 $273.1M -$9.1M $-0.17

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Proassurance Corp. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$21.3M
Cash generated from operations
Capital Expenditures
$2.8M
Investment in assets
Dividends
None
No dividend program

PRA SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Proassurance Corp. (CIK: 0001127703)

📋 Recent SEC Filings

Date Form Document Action
May 5, 2026 10-Q pra-20260331.htm View →
May 5, 2026 8-K pra-20260505.htm View →
Apr 8, 2026 10-K/A pra-20251231.htm View →
Feb 26, 2026 4 xslF345X05/wk-form4_1772142861.xml View →
Feb 26, 2026 4 xslF345X05/wk-form4_1772142819.xml View →

Frequently Asked Questions about PRA

What is the AI rating for PRA?

Proassurance Corp. (PRA) has an AI grade of C with 78% confidence, based on fundamental analysis of SEC EDGAR filings.

What are PRA's key strengths?

Claude: Moderate leverage with debt-to-equity ratio of 0.31x, providing some financial flexibility. Still generating positive net income ($8.5M) despite operational challenges.

What are the risks of investing in PRA?

Claude: Negative operating cash flow (-$21.3M) indicates core underwriting operations are unprofitable after claims and expenses. Critically low cash reserves ($14.1M) relative to total assets ($5.4B) create liquidity vulnerability.

What is PRA's revenue and growth?

Proassurance Corp. reported revenue of $262.6M.

Does PRA pay dividends?

Proassurance Corp. does not currently pay dividends.

Where can I find PRA SEC filings?

Official SEC filings for Proassurance Corp. (CIK: 0001127703) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is PRA's EPS?

Proassurance Corp. has a diluted EPS of $0.16.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is PRA's fundamental grade?

Based on our AI fundamental analysis in May 2026, Proassurance Corp. has a C grade with 78% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is PRA stock overvalued or undervalued?

Valuation metrics for PRA: ROE of 0.6% (sector avg: 12%), net margin of 3.2% (sector avg: 25%). Compare these metrics with sector averages to assess valuation.

What is PRA's AI grade for 2026?

Our dual AI analysis gives Proassurance Corp. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is PRA's free cash flow?

Proassurance Corp.'s operating cash flow is $-21.3M, with capital expenditures of $2.8M. FCF margin is -9.2%.

How does PRA compare to other Finance stocks?

Vs Finance sector averages: Net margin 3.2% (avg: 25%), ROE 0.6% (avg: 12%), current ratio N/A (avg: 1.2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 7, 2026 | Data as of: 2026-03-31 | Powered by Claude AI