ProAssurance - M&A Summary and Business Overview

InsuranceCompany

ProAssurance M&A Summary

ProAssurance has acquired 5 companies, including 1 in the last 5 years.

ProAssurance’s largest acquisition to date was in 2010, when it acquired American Physicians Service Group for $228M. ProAssurance has acquired in 5 different US states. The Company’s most targeted sectors include insurance (100%).

ProAssurance Business Overview

Where is ProAssurance headquartered?

ProAssurance is headquartered in Birmingham, Alabama.

What is ProAssurance’s revenue?

ProAssurance disclosed revenue of 1,102M USD for 2022 and 1,075M USD for 2021.

How many employees does ProAssurance have?

ProAssurance has 827 employees.

What sector is ProAssurance in?

ProAssurance is an insurance company.

When was ProAssurance founded?

ProAssurance was founded in 1976.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity5
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Advisors 3

ProAssurance

ProAssurance Corp.

100 Brookwood Place,
Birmingham, Alabama 35209
United States,
(205) 877-4400
www.proassurance.com

ProAssurance is an insurance company with extensive expertise in medical professional liability, products liability for medical technology and life sciences and legal professional liability. ProAssurance is recognized as one of the top performing insurance companies in America by virtue of its inclusion in the Ward's 50 for the past seven years. ProAssurance was founded in 1976 and is based in Birmingham, Alabama.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 4 1 - - - - 5
vol $586M $586M
Sell (0.0/yr) # - - - - - - 0
  5

Most Recent M&A

Company Date Value Type
NORCAL Group 2020-02-20 - Add-on Acquisition
San Francisco, California · www.norcal-group.com
Eastern Insurance Holdings, Inc. 2013-09-24 205M USD Add-on Acquisition
Lancaster, Pennsylvania · www.eihi.com
Medmarc Insurance Group 2013-01-01 154M USD Add-on Acquisition
Chantilly, Virginia · www.medmarc.com
Independent Nevada Doctors Insurance Co. 2012-11-30 - Add-on Acquisition
Las Vegas, Nevada · www.ind-insurance.com
American Physicians Service Group, Inc. 2010-11-30 228M USD Add-on Acquisition
Austin, Texas · www.amph.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 5 (100%) 586M (100%) - -
Total 5 $586M - -

By Geo

State/Country Buy Value Sell Value
United States 5 586M - -
  Texas 1 228M - -
  Pennsylvania 1 205M - -
  Nevada 1 - - -
  California 1 - - -
  Virginia 1 154M - -
Total 5 $586M - -

Top M&A Advisors

Financial Deals
Sandler O'Neill + Partners LP
 1
Raymond James - Investment Banking
 1
Legal Deals
Burr & Forman
 3

Deal Values

buy # Total
$100M to $1B 3 $586M
TOTAL $586M
Largest American Physicians Service Group, Inc.
$228M (2010-11-30)

Company Summary

SECTOR

Insurance

Revenue

1,102   3% 2022
1,075   22% 2021
887   13% 2020
1,010   16% 2019
877   3% 2018
858   3% 2017
876   15% 2016
768   10% 2015
848   2014
(millions of USD) Show More Show Less

Employees

827

Established

1976

Public

NYSE: PRA

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Related Lists for ProAssurance

Alabama Companies , Insurance Companies , United States Companies , Alabama Insurance Companies , Alabama Insurance with Acquisitions

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