Proassurance Corporation (PRA) Exchange: NYSE

Proassurance Corporation (PRA) is a publicly traded specialty insurer that provides comprehensive insurance services in the medical professional liability (MPL) industry, through its subsidiaries with ratings of A (Excellent) by A.M. Best. The company was founded in 1986, and is currently headquartered in Birmingham, Alabama. Proassurance’s outstanding financial performance record has been a key factor in placing them at the top of the list for market shares for the last few years. They provide several lines of insurance services, including coverages for medical health professionals, health care organizations, life sciences, executive risk and general liability. The company's financial strength allows them to maintain their competitive edge in the industry and focus on offering the highest quality products and services to their customers. Furthermore, their team of experienced professionals is dedicated to providing the utmost personalized customer service, and continuously strive to strengthen their relationships with customers. In their over 30 years of operation, Proassurance Corporation has grown significantly, especially in the last 10 years. In 2011, their market capitalization reached $1.46 billion. In 2017, this number had increased to $3.07 billion. The same year, their total assets jumped by 28.2% and their operating income rose to $154.9 million, a 24.7% increase from the previous year’s figure. Their assets and net premium written also increased by 8.9% and 8.2% respectively.