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ProSight Global, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2021 10-Q, filed Aug 9, 2021. Its latest SEC filing is a SC 13G/A from Feb 11, 2022.

The sections below describe the company as of the FY2020 annual report.

What Did They Do?

Underwrites specialty property and casualty insurance for small and midsize businesses, including customers in construction, transportation, and media and entertainment.

How Did They Make Money?

FY2020 revenue

Who Were Their Customers?

Small and midsize businesses across specialty niches buy insurance through specialist distributors, including managing general underwriters, wholesalers, and retailers. ProSight also sells through its owned brokerage and an online direct-to-customer platform.

Did Revenues Turn Into Profits?

Yes. It kept 3 cents of every revenue dollar as net income in FY2020.

Net income, FY2020
3% of revenue
▼ −43% vs FY2019 ($38.9M, 4%)

How Were They Changing?

Since the FY2020 annual report
Latest quarter: Q2 FY2021, the three months to Jun 30, 2021
Revenue
▲ +1%
vs $207.4M in Q2 FY2020
Net income
▼ −6%
vs $17.6M in Q2 FY2020
  • Aug 4, 2021 ProSight was acquired, and Jonathan Ritz became CEO The company became a wholly owned subsidiary of Parent.

Held flat. Revenue was $816.1M in FY2020, about the same as the $785.9M of FY2018.

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