ProAssurance Declares Quarterly Dividend
08 Mars 2023 - 11:00PM
Business Wire
Today the board of directors of ProAssurance Corporation
(NYSE:PRA) declared a cash dividend of $0.05 per common share,
payable on April 13, 2023 to shareholders of record as of March 29,
2023.
Our dividend policy anticipates a total annual dividend of $0.20
per share paid in equal quarterly installments. However, any
decision to pay future cash dividends will be subject to the
Board’s final determination after a comprehensive review of the
company’s financial performance, future expectations, and other
factors deemed relevant by the Board.
About ProAssurance
ProAssurance Corporation is an industry-leading specialty
insurer with extensive expertise in healthcare professional
liability, products liability for medical technology and life
sciences, legal professional liability, and workers’ compensation
insurance. ProAssurance Group is rated “A” (Excellent) by AM Best;
NORCAL Group is rated “A-” (Excellent) by AM Best. ProAssurance and
its operating subsidiaries are rated “A-” (Strong) by Fitch
Ratings.
For the latest on ProAssurance and its industry-leading suite of
products and services, cutting-edge risk management and practice
enhancement programs, follow @ProAssurance on Twitter or LinkedIn.
ProAssurance’s YouTube channel regularly presents thought
provoking, insightful videos that communicate effective practice
management, patient safety and risk management strategies.
Caution Regarding Forward-Looking Statements
Any statements in this news release that are not historical
facts are specifically identified as forward-looking statements.
These statements are based upon our estimates and anticipation of
future events and are subject to significant risks, assumptions and
uncertainties that could cause actual results to differ materially
from the expected results described in the forward-looking
statements. Forward-looking statements are identified by words such
as, but not limited to, “anticipate,” “believe,” “estimate,”
“expect,” “hope,” “hopeful,” “intend,” “likely,” “may,”
“optimistic,” “possible,” “potential,” “preliminary,” “project,”
“should,” “will,” and other analogous expressions.
Although it is not possible to identify all of these risks and
factors, they include, among others, the following: inadequate loss
reserves to cover the Company's actual losses; inherent uncertainty
of models resulting in actual losses that are materially different
than the Company's estimates; adverse economic factors; a decline
in the Company's financial strength rating; loss of one or more key
executives; loss of a group of agents or brokers that generate
significant portions of the Company's business; failure of any of
the loss limitations or exclusions the Company employs, or change
in other claims or coverage issues; adverse performance of the
Company's investment portfolio; adverse market conditions that
affect its excess and surplus lines insurance operations; and other
risks described in the Company's filings with the Securities and
Exchange Commission. These forward-looking statements speak only as
of the date of this release and the Company does not undertake and
specifically declines any obligation to update or revise any
forward-looking information to reflect changes in assumptions, the
occurrence of unanticipated events, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20230308005666/en/
Jason Gingerich, VP, Investor Relations 800-282-6242 •
512-879-5101
ProAssurance (NYSE:PRA)
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