This stock no longer trades (delisted June 25, 2026)

Delisted / no longer publicly traded (per market data provider) Everything below is based on the last available data — treat it as historical, not a live read.

ProAssurance Corporation

PRA

Insurance - Property & Casualty · Financial Services

Price

$25.00

+0.00 (+0.00%)

Market Cap

$1.29B

Winston Score

Historical score — this stock no longer trades, so the score is frozen at the last available data.

Data as of Aug 23, 2026 · filings through Mar 31, 2026

How the score breaks down

Quality

Weak

Growth

Good

Cash Flow

Weak

Stability

Strong

Valuation

Mixed

Dividends

Weak

Share count falling — buybacks

−4.4% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 54.1M (2021) → 51.7M (2025)

Winston Score History

The full picture

ProAssurance Corporation is an insurance company that specializes in protecting healthcare workers and medical facilities from lawsuits. Its main customers are doctors, hospitals, dentists, and other healthcare providers who need coverage if a patient sues them — this type of insurance is called medical professional liability, or "medical malpractice" insurance. ProAssurance is one of the larger specialty insurers focused on this niche in the United States.

The company makes money by collecting insurance premiums from its customers and investing those funds until claims need to be paid. It operates primarily across the U.S. and also has a workers' compensation segment serving smaller businesses. Its competitive position comes from decades of experience in a specialized, complex market that generalist insurers tend to avoid. The main risk ProAssurance faces is rising claims costs — if jury awards in medical malpractice cases grow faster than premiums, profit margins can shrink quickly, which has pressured results in recent years.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-2.0% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+245.5% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Insider Activity

8.1%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

5+ years

Quarterly Free Cash Flow

↓ Burn rate worsening

$4.4B cash & investments at current burn rate

Revenue declining

ProAssurance Corporation's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

33.7%

Modest — 33.7% gross margin

Profit after running costs

Operating Margin

3.5%

Thin — 3.5% operating margin

Return on the money invested

ROCE

5.0%

Weak — 5.0% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth

Sales YoY

-3.2%

Shrinking sales (-3.2% YoY)

Profit growth

EPS YoY

+52.8%

Earnings growing fast (+52.8% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash

Cash Conversion

-54%

Weak — only -54% of profit becomes cash

Spare cash per sale

FCF Margin

-3.6%

Burning cash (-3.6%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

0.31

Conservative — low debt load (0.31)

Covers its interest

Interest Cover

4.22x

Adequate interest coverage (4.2x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

19.7x

Fair value — P/E 19.7

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year

P/E vs Forward

-0.6

SLOWING

Earnings expected to fall — forward P/E higher than today

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Dividends

Dividend

Dividend Yield

0.80%

Small dividend — 0.80% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record

Dividend Growth

+0.0%

Dividend flat

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