2023 Q4 Form 10-Q Financial Statement

#000170639723000008 Filed on November 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $295.6M $275.7M
YoY Change -0.46% 0.98%
Cost Of Revenue $208.9M
YoY Change 5.46%
Gross Profit $66.86M
YoY Change -10.87%
Gross Profit Margin 24.25%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.930M $32.88M
YoY Change -26.03% -5.6%
% of Gross Profit 49.18%
Operating Expenses $277.5M $282.7M
YoY Change 2.97% 1.27%
Operating Profit -$215.9M
YoY Change 5.73%
Interest Expense -$5.331M $5.514M
YoY Change -18.73% 0.02%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $9.733M -$54.09M
YoY Change -34.02% 358.46%
Income Tax $3.356M -$4.655M
% Of Pretax Income 34.48%
Net Earnings $6.377M -$49.43M
YoY Change -54.26% 441.74%
Net Earnings / Revenue 2.16% -17.93%
Basic Earnings Per Share -$0.95
Diluted Earnings Per Share $0.13 -$0.95
COMMON SHARES
Basic Shares Outstanding 50.97M shares 52.06M shares
Diluted Shares Outstanding 52.01M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $65.90M $62.11M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $29.76M $29.99M
YoY Change -0.7% -0.69%
Goodwill $5.500M $5.500M
YoY Change -88.91% -88.91%
Intangibles
YoY Change
Long-Term Investments $4.350B $4.230B
YoY Change -0.86% -3.54%
Other Assets $186.2M $213.6M
YoY Change -11.15% -1.91%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $5.632B $5.574B
YoY Change -1.19% -3.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $17.18M $16.93M
YoY Change -14.14% -18.64%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $17.18M $16.93M
YoY Change -14.14% -18.64%
LONG-TERM LIABILITIES
Long-Term Debt $427.1M $426.6M
YoY Change 0.04% 0.03%
Other Long-Term Liabilities $216.6M $198.0M
YoY Change -4.31% -6.01%
Total Long-Term Liabilities $643.8M $624.6M
YoY Change -1.47% -1.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.18M $16.93M
Total Long-Term Liabilities $643.8M $624.6M
Total Liabilities $4.520B $4.562B
YoY Change -1.65% -3.29%
SHAREHOLDERS EQUITY
Retained Earnings $1.382B $1.376B
YoY Change -2.9% -2.58%
Common Stock $404.2M $402.8M
YoY Change 1.41% 1.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.112B $1.012B
YoY Change
Total Liabilities & Shareholders Equity $5.632B $5.574B
YoY Change -1.19% -3.62%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $6.377M -$49.43M
YoY Change -54.26% 441.74%
Depreciation, Depletion And Amortization $5.930M $32.88M
YoY Change -26.03% -5.6%
Cash From Operating Activities -$3.244M $15.20M
YoY Change -91.12% 46.95%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $3.804M $31.41M
YoY Change -87.21% -5038.52%
Cash From Investing Activities $3.804M $31.41M
YoY Change -87.21% -5038.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.228M -30.53M
YoY Change -169.4% 863.83%
NET CHANGE
Cash From Operating Activities -3.244M 15.20M
Cash From Investing Activities 3.804M 31.41M
Cash From Financing Activities 3.228M -30.53M
Net Change In Cash 3.788M 16.08M
YoY Change -133.19% 145.81%
FREE CASH FLOW
Cash From Operating Activities -$3.244M $15.20M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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29959000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
143602000 usd
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62110000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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41372000 usd
CY2023Q3 us-gaap Dividends Payable Current And Noncurrent
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0 usd
CY2022Q3 us-gaap Dividends Payable Current And Noncurrent
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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0 usd
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74357000 usd
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CY2023Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Sales
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74793000 usd
CY2023Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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9500000 usd
CY2023Q3 pra Fair Value Asset Recurring Basis Still Held Unrealized Gain Loss Statement Of Income Extensible List Not Disclosed Flag
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Change in unrealized gains (losses) included in earnings for the above period for Level 3 assets and liabilities held at period-end
us-gaap Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
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0 usd
CY2023Q3 us-gaap Number Of Reportable Segments
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4 segment
us-gaap Use Of Estimates
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<div style="margin-top:11pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Accounting Policies</span></div><div style="margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and disclosures related to these amounts at the date of the financial statements. The Company evaluates these estimates and assumptions on an ongoing basis based on current and historical developments, market conditions, industry trends and other information that the Company believes to be reasonable under the circumstances. The Company can make no assurance that actual results will conform to its estimates and assumptions; reported results of operations may be materially affected by changes in these estimates and assumptions.</span></div><div style="margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other than as disclosed below, the significant accounting policies followed by ProAssurance in making estimates that materially affect financial reporting are summarized in Note 1 of the Notes to Consolidated Financial Statements in ProAssurance’s December 31, 2022 report on Form 10-K.</span></div><div style="margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Derivatives</span></div><div style="margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ProAssurance records derivative instruments at fair value in the Condensed Consolidated Balance Sheets. ProAssurance accounts for the changes in fair value of derivatives depending on whether the derivative is designated as a hedging instrument and if so, the type of hedging relationship. For derivative instruments not designated as hedging instruments, ProAssurance recognizes the change in fair value of the derivative in earnings during the period of change. ProAssurance does not use derivative instruments for trading purposes.</span></div><div style="margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For derivative financial instruments designed as cash flow hedges, ProAssurance formally documents all relationships between the hedging instruments and the hedged items as well as its risk-management objective and strategy for undertaking various hedged transactions. ProAssurance also formally assesses, both at the hedge's inception and on an ongoing basis, whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in cash flows of hedged items. When it is determined that a derivative is not highly effective as a hedge or that it has ceased to be a highly effective hedge, ProAssurance discontinues hedge accounting prospectively.</span></div>As of September 30, 2023, ProAssurance uses Interest Rate Swaps that are designated and qualify as highly effective cash flow hedges to manage its exposure to variability in cash flows of forecasted interest payments attributable to variability in the selected base rates on borrowings under the amended Revolving Credit Agreement. Changes in the fair value of derivatives that are designated and qualify as highly effective cash flow hedges are recorded in AOCI, net of tax, and are reclassified into earnings when the hedged cash flows impact earnings. When the change in the fair value of a qualifying cash flow hedge is included in earnings, it is included in the same line item on the Condensed Consolidated Statement of Income and Comprehensive Income as the cash flows from the hedged item. The Company has elected not to offset fair value amounts recognized for the Interest Rate Swaps and fair value of the amounts recognized to reclaim cash collateral or the obligation to return cash collateral executed with counterparties under a master netting arrangement. The cash flows of derivatives used in hedging relationships are classified as either operating, investing, or financing cash flows based on the classification of the hedged item.
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CY2023Q3 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
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pra Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liabilities Operating Expenses
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CY2023Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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Change in unrealized gains (losses) included in earnings for the above period for Level 3 assets and liabilities held at period-end
us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
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us-gaap Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
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0 usd
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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83776000 usd
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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24000000 usd
CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
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CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
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13290000 usd
CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
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CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
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CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
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CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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Change in unrealized gains (losses) included in earnings for the above period for Level 3 assets and liabilities held at period-end
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0 usd
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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57565000 usd
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24000000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
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22304000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
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0 usd
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42180000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
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0 usd
CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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67235000 usd
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Change in unrealized gains (losses) included in earnings for the above period for Level 3 assets and liabilities held at period-end
us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
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-643000 usd
CY2023Q3 us-gaap Alternative Investment
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264681000 usd
CY2022Q4 us-gaap Alternative Investment
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262485000 usd
CY2023Q3 pra Number Of Insurance Subsidiaries
NumberOfInsuranceSubsidiaries
3 subsidiary
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29700000 usd
CY2022Q4 us-gaap Deferred Compensation Plan Assets
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27900000 usd
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3742234000 usd
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560000 usd
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387610000 usd
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0 investment
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573901000 usd
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DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
2033302000 usd
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18000 usd
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560000 usd
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DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
553000 usd
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DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
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CY2022Q3 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
553000 usd
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DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 usd
us-gaap Debt Securities Available For Sale Allowance For Credit Loss Securities Sold
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold
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CY2022Q3 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
553000 usd
CY2023Q3 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
8000000.0 usd
CY2022Q3 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
8900000 usd
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
31400000 usd
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
111200000 usd
CY2023Q3 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
127300000 usd
CY2022Q3 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
145400000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
261500000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
486100000 usd
CY2023Q3 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
1947000 usd
CY2022Q3 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
2059000 usd
us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
5677000 usd
us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
6257000 usd
CY2023Q3 us-gaap Net Investment Income
NetInvestmentIncome
32754000 usd
CY2022Q3 us-gaap Net Investment Income
NetInvestmentIncome
24745000 usd
us-gaap Net Investment Income
NetInvestmentIncome
94714000 usd
us-gaap Net Investment Income
NetInvestmentIncome
67132000 usd
CY2023Q3 pra Investment In Unconsolidated Subsidiaries
InvestmentInUnconsolidatedSubsidiaries
297314000 usd
CY2022Q4 pra Investment In Unconsolidated Subsidiaries
InvestmentInUnconsolidatedSubsidiaries
305210000 usd
CY2023Q3 pra Numberof L Ps Ll Cswith Equity Method Investment Ownership Percentage Over25percent
NumberofLPsLLCswithEquityMethodInvestmentOwnershipPercentageOver25percent
4 business
CY2022Q4 pra Numberof L Ps Ll Cswith Equity Method Investment Ownership Percentage Over25percent
NumberofLPsLLCswithEquityMethodInvestmentOwnershipPercentageOver25percent
3 business
CY2023Q3 us-gaap Income Loss From Affordable Housing Projects Equity Method Investments
IncomeLossFromAffordableHousingProjectsEquityMethodInvestments
-429000 usd
CY2022Q3 us-gaap Income Loss From Affordable Housing Projects Equity Method Investments
IncomeLossFromAffordableHousingProjectsEquityMethodInvestments
-2164000 usd
us-gaap Income Loss From Affordable Housing Projects Equity Method Investments
IncomeLossFromAffordableHousingProjectsEquityMethodInvestments
-2294000 usd
us-gaap Income Loss From Affordable Housing Projects Equity Method Investments
IncomeLossFromAffordableHousingProjectsEquityMethodInvestments
-7360000 usd
CY2023Q3 us-gaap Affordable Housing Tax Credits And Other Tax Benefits Amount
AffordableHousingTaxCreditsAndOtherTaxBenefitsAmount
401000 usd
CY2022Q3 us-gaap Affordable Housing Tax Credits And Other Tax Benefits Amount
AffordableHousingTaxCreditsAndOtherTaxBenefitsAmount
1201000 usd
us-gaap Affordable Housing Tax Credits And Other Tax Benefits Amount
AffordableHousingTaxCreditsAndOtherTaxBenefitsAmount
473000 usd
us-gaap Affordable Housing Tax Credits And Other Tax Benefits Amount
AffordableHousingTaxCreditsAndOtherTaxBenefitsAmount
3604000 usd
CY2023Q3 pra Income Lossfrom Historical Projects Equity Method Investments
IncomeLossfromHistoricalProjectsEquityMethodInvestments
0 usd
CY2022Q3 pra Income Lossfrom Historical Projects Equity Method Investments
IncomeLossfromHistoricalProjectsEquityMethodInvestments
0 usd
pra Income Lossfrom Historical Projects Equity Method Investments
IncomeLossfromHistoricalProjectsEquityMethodInvestments
0 usd
pra Income Lossfrom Historical Projects Equity Method Investments
IncomeLossfromHistoricalProjectsEquityMethodInvestments
961000 usd
CY2023Q3 us-gaap Affordable Housing Tax Credits And Other Tax Benefits Amount
AffordableHousingTaxCreditsAndOtherTaxBenefitsAmount
400000 usd
us-gaap Affordable Housing Tax Credits And Other Tax Benefits Amount
AffordableHousingTaxCreditsAndOtherTaxBenefitsAmount
500000 usd
CY2023Q3 pra Impairment Losses Investments Portion In Other Comprehensive Loss Before Tax Portion Attributable To Parent
ImpairmentLossesInvestmentsPortionInOtherComprehensiveLossBeforeTaxPortionAttributableToParent
0 usd
CY2022Q3 pra Impairment Losses Investments Portion In Other Comprehensive Loss Before Tax Portion Attributable To Parent
ImpairmentLossesInvestmentsPortionInOtherComprehensiveLossBeforeTaxPortionAttributableToParent
0 usd
pra Impairment Losses Investments Portion In Other Comprehensive Loss Before Tax Portion Attributable To Parent
ImpairmentLossesInvestmentsPortionInOtherComprehensiveLossBeforeTaxPortionAttributableToParent
0 usd
pra Impairment Losses Investments Portion In Other Comprehensive Loss Before Tax Portion Attributable To Parent
ImpairmentLossesInvestmentsPortionInOtherComprehensiveLossBeforeTaxPortionAttributableToParent
419000 usd
CY2023Q3 pra Impairment Loss Debt Securities Portion Recognizedin Earnings
ImpairmentLossDebtSecuritiesPortionRecognizedinEarnings
141000 usd
CY2022Q3 pra Impairment Loss Debt Securities Portion Recognizedin Earnings
ImpairmentLossDebtSecuritiesPortionRecognizedinEarnings
0 usd
pra Impairment Loss Debt Securities Portion Recognizedin Earnings
ImpairmentLossDebtSecuritiesPortionRecognizedinEarnings
3117000 usd
pra Impairment Loss Debt Securities Portion Recognizedin Earnings
ImpairmentLossDebtSecuritiesPortionRecognizedinEarnings
553000 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
254000 usd
CY2022Q3 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
142000 usd
us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
793000 usd
us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
1594000 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
285000 usd
CY2022Q3 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
57000 usd
us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
1509000 usd
us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
2146000 usd
CY2023Q3 us-gaap Debt Securities Trading Realized Gain Loss
DebtSecuritiesTradingRealizedGainLoss
5000 usd
CY2022Q3 us-gaap Debt Securities Trading Realized Gain Loss
DebtSecuritiesTradingRealizedGainLoss
-30000 usd
us-gaap Debt Securities Trading Realized Gain Loss
DebtSecuritiesTradingRealizedGainLoss
-101000 usd
us-gaap Debt Securities Trading Realized Gain Loss
DebtSecuritiesTradingRealizedGainLoss
-127000 usd
CY2023Q3 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
154000 usd
CY2022Q3 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
0 usd
us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
254000 usd
us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
-5346000 usd
CY2023Q3 pra Other Investments Realized Gain Loss
OtherInvestmentsRealizedGainLoss
-683000 usd
CY2022Q3 pra Other Investments Realized Gain Loss
OtherInvestmentsRealizedGainLoss
209000 usd
pra Other Investments Realized Gain Loss
OtherInvestmentsRealizedGainLoss
-2570000 usd
pra Other Investments Realized Gain Loss
OtherInvestmentsRealizedGainLoss
99000 usd
CY2023Q3 us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
-71000 usd
CY2022Q3 us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
-100000 usd
us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
81000 usd
us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
-881000 usd
CY2023Q3 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-4578000 usd
CY2022Q3 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-6655000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-1962000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-24063000 usd
CY2023Q3 us-gaap Unrealized Gain Loss On Hybrid Instrument Net
UnrealizedGainLossOnHybridInstrumentNet
-588000 usd
CY2022Q3 us-gaap Unrealized Gain Loss On Hybrid Instrument Net
UnrealizedGainLossOnHybridInstrumentNet
-1443000 usd
us-gaap Unrealized Gain Loss On Hybrid Instrument Net
UnrealizedGainLossOnHybridInstrumentNet
3473000 usd
us-gaap Unrealized Gain Loss On Hybrid Instrument Net
UnrealizedGainLossOnHybridInstrumentNet
-14502000 usd
CY2023Q3 us-gaap Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
3231000 usd
CY2022Q3 us-gaap Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
-328000 usd
us-gaap Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
7814000 usd
us-gaap Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
273000 usd
CY2023Q3 us-gaap Gain Loss On Investments
GainLossOnInvestments
-2702000 usd
CY2022Q3 us-gaap Gain Loss On Investments
GainLossOnInvestments
-8262000 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
3156000 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
-45652000 usd
pra Impairment Loss Debt Securities Portion Recognizedin Earnings
ImpairmentLossDebtSecuritiesPortionRecognizedinEarnings
3100000 usd
CY2023Q3 pra Number Of Corporate Bonds
NumberOfCorporateBonds
2 bonds
pra Number Of Corporate Bonds
NumberOfCorporateBonds
2 bonds
pra Impairment Losses Investments Portion In Other Comprehensive Loss Before Tax Portion Attributable To Parent
ImpairmentLossesInvestmentsPortionInOtherComprehensiveLossBeforeTaxPortionAttributableToParent
0 usd
CY2023Q3 pra Impairment Losses Investments Portion In Other Comprehensive Loss Before Tax Portion Attributable To Parent
ImpairmentLossesInvestmentsPortionInOtherComprehensiveLossBeforeTaxPortionAttributableToParent
0 usd
pra Impairment Loss Debt Securities Portion Recognizedin Earnings
ImpairmentLossDebtSecuritiesPortionRecognizedinEarnings
600000 usd
pra Impairment Losses Investments Portion In Other Comprehensive Loss Before Tax Portion Attributable To Parent
ImpairmentLossesInvestmentsPortionInOtherComprehensiveLossBeforeTaxPortionAttributableToParent
400000 usd
CY2023Q2 pra Credit Losses Recognized In Earnings In Which A Portion Of Losses Are Recognized In Comprehensive Income Loss Credit Losses On Debt Securities Held
CreditLossesRecognizedInEarningsInWhichAPortionOfLossesAreRecognizedInComprehensiveIncomeLossCreditLossesOnDebtSecuritiesHeld
57000 usd
CY2022Q2 pra Credit Losses Recognized In Earnings In Which A Portion Of Losses Are Recognized In Comprehensive Income Loss Credit Losses On Debt Securities Held
CreditLossesRecognizedInEarningsInWhichAPortionOfLossesAreRecognizedInComprehensiveIncomeLossCreditLossesOnDebtSecuritiesHeld
553000 usd
CY2022Q4 pra Credit Losses Recognized In Earnings In Which A Portion Of Losses Are Recognized In Comprehensive Income Loss Credit Losses On Debt Securities Held
CreditLossesRecognizedInEarningsInWhichAPortionOfLossesAreRecognizedInComprehensiveIncomeLossCreditLossesOnDebtSecuritiesHeld
57000 usd
CY2021Q4 pra Credit Losses Recognized In Earnings In Which A Portion Of Losses Are Recognized In Comprehensive Income Loss Credit Losses On Debt Securities Held
CreditLossesRecognizedInEarningsInWhichAPortionOfLossesAreRecognizedInComprehensiveIncomeLossCreditLossesOnDebtSecuritiesHeld
0 usd
CY2023Q3 pra Impairment Loss Debt Securities No Impairment Previously Recognized
ImpairmentLossDebtSecuritiesNoImpairmentPreviouslyRecognized
0 usd
CY2022Q3 pra Impairment Loss Debt Securities No Impairment Previously Recognized
ImpairmentLossDebtSecuritiesNoImpairmentPreviouslyRecognized
0 usd
pra Impairment Loss Debt Securities No Impairment Previously Recognized
ImpairmentLossDebtSecuritiesNoImpairmentPreviouslyRecognized
0 usd
pra Impairment Loss Debt Securities No Impairment Previously Recognized
ImpairmentLossDebtSecuritiesNoImpairmentPreviouslyRecognized
553000 usd
CY2023Q3 pra Credit Losses Recognized In Earnings In Which A Portion Of Losses Are Recognized In Comprehensive Income Loss Credit Losses On Debt Securities Held
CreditLossesRecognizedInEarningsInWhichAPortionOfLossesAreRecognizedInComprehensiveIncomeLossCreditLossesOnDebtSecuritiesHeld
57000 usd
CY2022Q3 pra Credit Losses Recognized In Earnings In Which A Portion Of Losses Are Recognized In Comprehensive Income Loss Credit Losses On Debt Securities Held
CreditLossesRecognizedInEarningsInWhichAPortionOfLossesAreRecognizedInComprehensiveIncomeLossCreditLossesOnDebtSecuritiesHeld
553000 usd
CY2023Q3 pra Credit Losses Recognized In Earnings In Which A Portion Of Losses Are Recognized In Comprehensive Income Loss Credit Losses On Debt Securities Held
CreditLossesRecognizedInEarningsInWhichAPortionOfLossesAreRecognizedInComprehensiveIncomeLossCreditLossesOnDebtSecuritiesHeld
57000 usd
CY2022Q3 pra Credit Losses Recognized In Earnings In Which A Portion Of Losses Are Recognized In Comprehensive Income Loss Credit Losses On Debt Securities Held
CreditLossesRecognizedInEarningsInWhichAPortionOfLossesAreRecognizedInComprehensiveIncomeLossCreditLossesOnDebtSecuritiesHeld
553000 usd
pra Effective Income Tax Rate Reconciliation Decrease In Contingent Consideration Liability
EffectiveIncomeTaxRateReconciliationDecreaseInContingentConsiderationLiability
5500000 usd
CY2023Q3 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
3200000 usd
CY2022Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
8000000 usd
CY2023Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4300000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4100000 usd
CY2023Q3 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
700000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
500000 usd
us-gaap Number Of Reporting Units
NumberOfReportingUnits
5 unit
CY2023Q3 pra Number Of Reporting Units With Goodwill
NumberOfReportingUnitsWithGoodwill
2 reporting_unit
CY2023Q2 pra Goodwill Fair Value Percent Exceeding Carrying Value
GoodwillFairValuePercentExceedingCarryingValue
0.03
CY2021Q4 us-gaap Goodwill Gross
GoodwillGross
210725000 usd
CY2023Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
205225000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
49610000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
44110000 usd
CY2023Q3 us-gaap Goodwill
Goodwill
5500000 usd
pra Minimum Period For Claims Resolution
MinimumPeriodForClaimsResolution
P5Y
us-gaap Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
<div style="margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Activity in the reserve for losses and loss adjustment expenses is summarized as follows:</span></div><div style="margin-top:5pt;padding-left:45pt;padding-right:45pt;text-align:center;text-indent:-9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:84.649%"><tr><td style="width:1.0%"></td><td style="width:47.086%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.343%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.663%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.480%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.663%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.965%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">(In thousands)</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Nine Months Ended September 30, 2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Nine Months Ended September 30, 2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Year Ended December 31, 2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance, beginning of year</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">3,471,147</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,579,940 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,579,940 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;text-indent:-9pt;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less reinsurance recoverables on unpaid losses and loss adjustment expenses</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">431,889</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">451,741 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">451,741 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net balance, beginning of year</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">3,039,258</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,128,199 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,128,199 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net losses:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:27pt;text-indent:-9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current year</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">596,872</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">616,694 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">813,515 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:27pt;text-indent:-9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Favorable) unfavorable development of reserves established in prior years, net</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8,373</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(31,528)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(36,753)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 39.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">605,245</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">585,166 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">776,762 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Paid related to:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 16pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current year</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(67,894)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(77,854)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(108,139)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 16pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Prior years</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(598,281)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(557,066)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(757,564)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 27.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total paid</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(666,175)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(634,920)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(865,703)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net balance, end of period</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2,978,328</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,078,445 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,039,258 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;text-indent:-9pt;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Plus reinsurance recoverables on unpaid losses and loss adjustment expenses</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">417,323</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">466,483 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">431,889 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance, end of period</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">3,395,651</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,544,928 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,471,147 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:5pt;padding-left:49.5pt;padding-right:40.5pt;text-align:justify;text-indent:-9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> Current year net losses for both the nine months ended September 30, 2022 and year ended December 31, 2022 included $4.9 million of purchase accounting amortization of the negative VOBA associated with NORCAL's assumed unearned premium, which was amortized over a period in proportion to the earn-out of the associated premium as a reduction to current accident year net losses (see Note 2 of the Notes to Consolidated Financial Statements in ProAssurance's December 31, 2022 report on Form 10-K). As of June 30, 2022, the negative VOBA was fully amortized.</span></div><div style="margin-top:5pt;padding-left:49.5pt;padding-right:40.5pt;text-align:justify;text-indent:-9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(2) </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Net prior year reserve development recognized for the nine months ended September 30, 2023 and 2022 as well as the year ended December 31, 2022 included $6.7 million, $8.3 million and $10.8 million, respectively, of amortization of the purchase accounting fair value adjustment on NORCAL's assumed net reserve and amortization of the negative VOBA associated with NORCAL's DDR reserve which is recorded as a reduction to prior accident year net losses and loss adjustment expenses (see Note 2 of the Notes to Consolidated Financial Statements in ProAssurance's December 31, 2022 report on Form 10-K).</span></div>
CY2022Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
3471147000 usd
CY2021Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
3579940000 usd
CY2021Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
3579940000 usd
CY2022Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
431889000 usd
CY2021Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
451741000 usd
CY2021Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
451741000 usd
CY2022Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
3039258000 usd
CY2021Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
3128199000 usd
CY2021Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
3128199000 usd
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
596872000 usd
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
616694000 usd
CY2022 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
813515000 usd
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
8373000 usd
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-31528000 usd
CY2022 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-36753000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
605245000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
585166000 usd
CY2022 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
776762000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
67894000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
77854000 usd
CY2022 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
108139000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
598281000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
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CY2022 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
757564000 usd
us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
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us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
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CY2022 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
865703000 usd
CY2023Q3 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
2978328000 usd
CY2022Q3 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
3078445000 usd
CY2022Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
3039258000 usd
CY2023Q3 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
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CY2022Q3 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
466483000 usd
CY2022Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
431889000 usd
CY2023Q3 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
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CY2022Q3 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
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CY2022Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
3471147000 usd
pra Number Of Claims Net Unfavorable Prior Year Reserve Development From1997 Accident Year
NumberOfClaimsNetUnfavorablePriorYearReserveDevelopmentFrom1997AccidentYear
1 claim
pra Number Of Claims Net Unfavorable Prior Year Reserve Development
NumberOfClaimsNetUnfavorablePriorYearReserveDevelopment
4 claim
pra Net Unfavorable Prior Year Reserve Development
NetUnfavorablePriorYearReserveDevelopment
10100000 usd
pra Net Unfavorable Prior Year Reserve Development Related To2016 And2020
NetUnfavorablePriorYearReserveDevelopmentRelatedTo2016And2020
7500000 usd
pra Net Unfavorable Prior Year Reserve Development
NetUnfavorablePriorYearReserveDevelopment
4000000 usd
pra Reduction In Prior Year Ibnr Reserve
ReductionInPriorYearIBNRReserve
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CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
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CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
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CY2023Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
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CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
542000 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
426579000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
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CY2023Q3 us-gaap Number Of Interest Rate Derivatives Held
NumberOfInterestRateDerivativesHeld
2 derivative_instrument
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2023Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.05
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.05
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.05
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.05
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
2700000 usd
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
8100000 usd
CY2023Q3 pra Stock Repurchase Or Debt Repayment Remaining Authorized Amount
StockRepurchaseOrDebtRepaymentRemainingAuthorizedAmount
55900000 usd
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
3100000 shares
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
50500000 usd
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
139000000000 shares
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
3300000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-8200000 usd
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-200000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-24400000 usd
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-92200000 usd
CY2022Q3 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
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CY2022Q3 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-180000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-90053000 usd
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-341563000 usd
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-340525000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51837000 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53990000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53205000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54023000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52006000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54124000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53339000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54151000 shares
CY2023Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0
CY2022Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
67000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
135000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2000 shares
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2000 shares
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 segment
CY2023Q3 us-gaap Premiums Earned Net
PremiumsEarnedNet
242420000 usd
CY2023Q3 us-gaap Net Investment Income
NetInvestmentIncome
32754000 usd
CY2023Q3 pra Equity In Earnings Loss Of Unconsolidated Subsidiaries
EquityInEarningsLossOfUnconsolidatedSubsidiaries
-61000 usd
CY2023Q3 pra Gain Loss On Investments Excluding Contingent Consideration Adjustment
GainLossOnInvestmentsExcludingContingentConsiderationAdjustment
-4202000 usd
CY2023Q3 us-gaap Other Income
OtherIncome
3336000 usd
CY2023Q3 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
208891000 usd
CY2023Q3 pra Underwriting Policy Acquisition And Operating Expense
UnderwritingPolicyAcquisitionAndOperatingExpense
74014000 usd
CY2023Q3 pra Segregated Portfolio Cells Income Tax Expense Benefit
SegregatedPortfolioCellsIncomeTaxExpenseBenefit
-175000 usd
CY2023Q3 pra Segregated Portfolio Cells Dividend Expense Income
SegregatedPortfolioCellsDividendExpenseIncome
-2518000 usd
CY2023Q3 us-gaap Interest Expense
InterestExpense
5514000 usd
CY2023Q3 pra Income Tax Expense Benefit Excluding Business Acquisition Tax Effect
IncomeTaxExpenseBenefitExcludingBusinessAcquisitionTaxEffect
-4655000 usd
CY2023Q3 pra Segment Profit Loss
SegmentProfitLoss
-6824000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-49434000 usd
CY2023Q3 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
6454000 usd
CY2023Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
44110000 usd
us-gaap Premiums Earned Net
PremiumsEarnedNet
730068000 usd
us-gaap Net Investment Income
NetInvestmentIncome
94714000 usd
pra Equity In Earnings Loss Of Unconsolidated Subsidiaries
EquityInEarningsLossOfUnconsolidatedSubsidiaries
5450000 usd
pra Gain Loss On Investments Excluding Contingent Consideration Adjustment
GainLossOnInvestmentsExcludingContingentConsiderationAdjustment
-1344000 usd
us-gaap Other Income
OtherIncome
6864000 usd
us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
605245000 usd
pra Underwriting Policy Acquisition And Operating Expense
UnderwritingPolicyAcquisitionAndOperatingExpense
218779000 usd
pra Segregated Portfolio Cells Income Tax Expense Benefit
SegregatedPortfolioCellsIncomeTaxExpenseBenefit
1351000 usd
pra Segregated Portfolio Cells Dividend Expense Income
SegregatedPortfolioCellsDividendExpenseIncome
3171000 usd
us-gaap Interest Expense
InterestExpense
16478000 usd
pra Income Tax Expense Benefit Excluding Business Acquisition Tax Effect
IncomeTaxExpenseBenefitExcludingBusinessAcquisitionTaxEffect
-3901000 usd
pra Segment Profit Loss
SegmentProfitLoss
-5371000 usd
us-gaap Net Income Loss
NetIncomeLoss
-44981000 usd
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
20085000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
44110000 usd
CY2022Q3 us-gaap Premiums Earned Net
PremiumsEarnedNet
258355000 usd
CY2022Q3 us-gaap Net Investment Income
NetInvestmentIncome
24745000 usd
CY2022Q3 pra Equity In Earnings Loss Of Unconsolidated Subsidiaries
EquityInEarningsLossOfUnconsolidatedSubsidiaries
-6852000 usd
CY2022Q3 pra Gain Loss On Investments Excluding Contingent Consideration Adjustment
GainLossOnInvestmentsExcludingContingentConsiderationAdjustment
-8262000 usd
CY2022Q3 us-gaap Other Income
OtherIncome
5097000 usd
CY2022Q3 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
198073000 usd
CY2022Q3 pra Underwriting Policy Acquisition And Operating Expense
UnderwritingPolicyAcquisitionAndOperatingExpense
80679000 usd
CY2022Q3 pra Segregated Portfolio Cells Income Tax Expense Benefit
SegregatedPortfolioCellsIncomeTaxExpenseBenefit
433000 usd
CY2022Q3 pra Segregated Portfolio Cells Dividend Expense Income
SegregatedPortfolioCellsDividendExpenseIncome
183000 usd
CY2022Q3 us-gaap Interest Expense
InterestExpense
5513000 usd
CY2022Q3 pra Income Tax Expense Benefit Excluding Business Acquisition Tax Effect
IncomeTaxExpenseBenefitExcludingBusinessAcquisitionTaxEffect
-2673000 usd
CY2022Q3 pra Segment Profit Loss
SegmentProfitLoss
-9125000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-9125000 usd
CY2022Q3 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
9637000 usd
us-gaap Premiums Earned Net
PremiumsEarnedNet
771337000 usd
us-gaap Net Investment Income
NetInvestmentIncome
67132000 usd
pra Equity In Earnings Loss Of Unconsolidated Subsidiaries
EquityInEarningsLossOfUnconsolidatedSubsidiaries
5948000 usd
pra Gain Loss On Investments Excluding Contingent Consideration Adjustment
GainLossOnInvestmentsExcludingContingentConsiderationAdjustment
-45652000 usd
us-gaap Other Income
OtherIncome
13215000 usd
us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
585166000 usd
pra Underwriting Policy Acquisition And Operating Expense
UnderwritingPolicyAcquisitionAndOperatingExpense
227926000 usd
pra Segregated Portfolio Cells Income Tax Expense Benefit
SegregatedPortfolioCellsIncomeTaxExpenseBenefit
1424000 usd
pra Segregated Portfolio Cells Dividend Expense Income
SegregatedPortfolioCellsDividendExpenseIncome
1697000 usd
us-gaap Interest Expense
InterestExpense
14872000 usd
pra Income Tax Expense Benefit Excluding Business Acquisition Tax Effect
IncomeTaxExpenseBenefitExcludingBusinessAcquisitionTaxEffect
-6232000 usd
pra Segment Profit Loss
SegmentProfitLoss
-12873000 usd
us-gaap Net Income Loss
NetIncomeLoss
-14344000 usd
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
30046000 usd
CY2023Q3 us-gaap Premiums Earned Net
PremiumsEarnedNet
242420000 usd
CY2022Q3 us-gaap Premiums Earned Net
PremiumsEarnedNet
258355000 usd
us-gaap Premiums Earned Net
PremiumsEarnedNet
730068000 usd
us-gaap Premiums Earned Net
PremiumsEarnedNet
771337000 usd
pra Defined Benefit Pension Plan Benefit Basis Average Of Highest Annual Compensation Period
DefinedBenefitPensionPlanBenefitBasisAverageOfHighestAnnualCompensationPeriod
P5Y
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
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pra-20230930_def.xml Edgar Link unprocessable
pra-20230930_lab.xml Edgar Link unprocessable
pra-20230930_pre.xml Edgar Link unprocessable
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0001706397-23-000008-index.html Edgar Link pending
0001706397-23-000008.txt Edgar Link pending
0001706397-23-000008-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
pra-20230930.htm Edgar Link pending
pra-20230930.xsd Edgar Link pending
pra-20230930xex211.htm Edgar Link pending
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pra-20230930_htm.xml Edgar Link completed
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