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ProAssurance (ProAssurance) Net Reserve Development From Prior Years (USD Mil) : 0.00 (As of Mar. 2024)


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What is ProAssurance Net Reserve Development From Prior Years (USD Mil)?

Net Reserve Development From Prior Years (USD Mil) is the difference between the final losses recorded by an insurer and what the insurer originally recorded.

ProAssurance's Net Reserve Development From Prior Years (USD Mil) for the annual that ended in Dec. 2023 was 5.65 , which higher from pervious year (Dec. 2022)'s result by -115.36%.

The historical rank and industry rank for ProAssurance's Net Reserve Development From Prior Years (USD Mil) or its related term are showing as below:

PRA's Net Reserve Development From Prior Years (USD Mil) is not ranked *
in the Insurance industry.
Industry Median:
* Ranked among companies with meaningful Net Reserve Development From Prior Years (USD Mil) only.

ProAssurance Net Reserve Development From Prior Years (USD Mil) Historical Data

The historical data trend for ProAssurance's Net Reserve Development From Prior Years (USD Mil) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ProAssurance Net Reserve Development From Prior Years (USD Mil) Chart

ProAssurance Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Net Reserve Development From Prior Years (USD Mil)
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ProAssuranceQuarterly Data
Trend Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Reserve Development From Prior Years (USD Mil)
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Competitive Comparison of ProAssurance's Net Reserve Development From Prior Years (USD Mil)

For the Insurance - Property & Casualty subindustry, ProAssurance's Net Reserve Development From Prior Years (USD Mil), along with its competitors' market caps and Net Reserve Development From Prior Years (USD Mil) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ProAssurance  (NYSE:PRA) Net Reserve Development From Prior Years (USD Mil) Explanation

Net Reserve Development From Prior Years (USD Mil) is the difference between the final losses recorded by an insurer and what the insurer originally recorded. Prior years’ loss reserve development is useful to the company's management team, as it allows them to assess the impact of incurred claims from previous calendar years on current period earnings.

Generally, lower Prior Years’ Reserve Development is better because it means a higher accuracy on predicting the loss on incurred claims.


ProAssurance Net Reserve Development From Prior Years (USD Mil) Related Terms

Thank you for viewing the detailed overview of ProAssurance's Net Reserve Development From Prior Years (USD Mil) provided by GuruFocus.com. Please click on the following links to see related term pages.


ProAssurance (ProAssurance) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » ProAssurance Corp (NYSE:PRA) » Definitions » Net Reserve Development From Prior Years (USD Mil)
Traded in Other Exchanges
N/A
Address
100 Brookwood Place, Birmingham, AL, USA, 35209
ProAssurance Corp is a holding company for property and casualty insurance companies. The company's wholly owned insurance subsidiaries provide professional liability insurance for healthcare professionals and facilities, professional liability insurance for attorneys, and workers' compensation insurance. ProAssurance reports operating results in five segments: Specialty Property and Casualty, Workers' Compensation, Segregated Portfolio Cell Reinsurance, Lloyd's Syndicate, and Corporate. ProAssurance generates the vast majority of its revenue from its Specialty P&C activities, followed by Worker's Compensation.
Executives
Robert David Francis officer: Pres Healthcare Pro. Liability 4 PINE RIDGE LANE, MOUNTAIN BROOK AL 35213
Scott C Syphax director 100 BROOKWOOD PLACE, SUITE 300, BIRMINGHAM AL 35209
Fabiloa Cobarrubias director 100 BROOKWOOD PLACE, SUITE 300, BIRMINGHAM AL 35209
Noreen Dishart officer: Executive VP/Chief HR Officer 177 SALOLI WAY, LOUDON TN 37774
Frank Anthony Spinosa director PO BOX 72, SHELTER ISLAND NY 11964
Mcmahon John J Jr director 1927 1ST AVENUE NORTH, 5TH FLOOR, BIRMINGHAM AL 35203
Maye Head Frei director 2964 CHEROKEE ROAD, BIRMINGHAM AL 35223
Kevin Merrick Shook officer: President of a Subsidiary 25 RACE AVENUE, LANCASTER PA 17603
Dana S Hendricks officer: Chief Financial Officer 656 AYLESFORD LANE, FRANKLIN TN 37069
Magnus James Gorrie director PO BOX 10383, BIRMINGHAM AL 35202
Adkins Kedrick D Jr director 1173 COPPERWOOD DRIVE, BLOOMFIELD HILLS MI 48302
O Neil Frank B officer: Senior Vice-President, other: Assistant Secretary
Howard H Friedman officer: Chief Financial Officer, other: Secretary & Senior VP
William Stancil Starnes officer: Chief Executive Officer P O BOX 598512, BIRMINGHAM AL 35259-8512
Jeffrey Patton Lisenby officer: Vice-President, other: Corporate Secretary 100 BROOKWOOD PLACE, BIRMINGHAM AL 35209

ProAssurance (ProAssurance) Headlines

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