ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. It operates through three segments: Specialty Property and Casualty, Workers' Compensation Insurance, Segregated Portfolio Cell Reinsurance, and Corporate. The company offers professional liability insurance to healthcare providers and institutions, and attorneys and their firms; medical technology liability insurance to medical technology and life …
Full PRA analysis →
Competitive advantage assessment
Key risks
Below-Peer Pricing MarginsPremium margin signal is weak (score 0.30), with operating margin at 6.7% — below peers.
Below-Peer Float ReturnsFloat return signal is weak (score 0.12), indicating below-peer investment yields limiting overall profitability.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
Upgrade to unlock the signals and evidence behind each defense.
Premium access
Unlock full defense analysis
Get key signals, strengths, and risks for every moat dimension.
Where PRA ranks in Insurance - Property & Casualty
ProAssurance Corporation ranks #38 of 44
scored companies in Insurance - Property & Casualty by moat score — the top 86%.
The widest moat in the group is Palomar Holdings, Inc. (PLMR)
at 76/100.
Moat scores for companies ranked near PRA in Insurance - Property & Casualty
How PRA scores on the Insurance & Reinsurance defenses
Underwriting Discipline
Score 36
· 25% of the moat score
Underwriting discipline is the core insurance moat, and it consists mostly of the willingness to lose business.
Float Investment Quality
Score 33
· 20% of the moat score
Float is the money an insurer holds between collecting premiums and paying claims — capital it invests but does not own.
Pricing Power
Score 23
· 18% of the moat score
For an insurer, pricing power is the ability to push rate ahead of claims inflation and keep the policyholders anyway.
Capital Strength & Solvency
Score 34
· 17% of the moat score
Capital is what lets an insurer credibly promise to pay a claim that has not happened yet, and it is scrutinised by regulators and rating agencies alike.
Operational Efficiency
Score 18
· 12% of the moat score
The expense ratio — what it costs to acquire and administer a policy — is the half of the combined ratio management fully controls.
Scale & Diversification
Score 30
· 8% of the moat score
Diversification is a real economic advantage in insurance rather than a portfolio preference: risks spread across perils, geographies and lines are less likely to arrive at once, so the same capital supports more premium.
ProAssurance Corporation (PRA) scores 30 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #38 of 44 scored companies in Insurance - Property & Casualty, the top 86%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 45 companies in Insurance - Property & Casualty. Its strongest defense is Underwriting Discipline (36/100) and its weakest is Operational Efficiency (18/100).
How does ProAssurance Corporation compare with other Insurance - Property & Casualty companies?
ProAssurance Corporation ranks #38 of 44 scored companies in Insurance - Property & Casualty by moat score. The widest moat in Insurance - Property & Casualty is Palomar Holdings, Inc. (PLMR) at 76/100. The companies ranked closest are Global Indemnity Group, LLC (GBLI) at 34 just above it and Root, Inc. (ROOT) at 29 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Insurance & Reinsurance in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 45 companies in Insurance - Property & Casualty. The defenses are then weighted to produce the overall score out of 100.
Why is ProAssurance Corporation scored with the Insurance & Reinsurance template?
An insurer is paid before it knows what its product cost, and invests the money in the meantime. Profit therefore comes from two sources that must both work: pricing risk better than rivals, and earning a return on the float those premiums create. The Insurance template scores that pair, along with the capital that lets a company survive the year in which the losses arrive together.
Which competitive defenses are measured for ProAssurance Corporation?
The Insurance & Reinsurance template measures 6 defenses, and PRA scores: Underwriting Discipline (36), Float Investment Quality (33), Pricing Power (23), Capital Strength & Solvency (34), Operational Efficiency (18), Scale & Diversification (30). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
We value your privacy
We use cookies to enhance your browsing experience, analyze site traffic, and personalize content. By clicking 'Accept All', you consent to our use of cookies.
Read our cookie policy
Cookie Preferences
Manage your cookie preferences. Essential cookies are always enabled.