PROASSURANCE CORP Income Statement

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Financial Statements

In millions of USD; shares in millions, except per-share amounts

	FY2025 12 months to Dec 31, 2025	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021
Revenues
Net premiums earned
Net investment income
Equity in earnings (loss) of unconsolidated subsidiaries
Net investment gains (losses):
Impairment losses
Portion of impairment losses recognized in other comprehensive income (loss) before taxes
Net impairment losses recognized in earnings
Other net investment gains (losses)
Total net investment gains (losses)
Other income (expense)
Total revenues
Expenses
Net losses and loss adjustment expenses
Underwriting, policy acquisition and operating expenses:
Operating expense
DPAC amortization
SPC U.S. federal income tax expense (benefit)
SPC dividend expense (income)
Interest expense
Goodwill impairment
Total expenses
Gain on bargain purchase
Income (loss) before income taxes
Provision for income taxes:
Current expense (benefit)
Deferred expense (benefit)
Total income tax expense (benefit)
Net income (loss)
Other comprehensive income (loss), after tax, net of reclassification adjustments
Comprehensive income (loss)
Earnings (loss) per share:
Basic (in dollars per share)
Diluted (in dollars per share)
Weighted average number of common shares outstanding:
Basic (in shares)
Diluted (in shares)
Cash dividends declared per common share (in dollars per share)

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