PRA Stock Cash Flow Statements

ProAssurance Quarterly Cash Flow Statements Chart

Quarterly

Annual

Stock-Based Compensation

ProAssurance Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-03-31	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2002-06-30	2002-03-31

operating activities
net income	21,921,000	-5,822,000	16,169,000	16,441,000	15,508,000	4,626,000	6,377,000	-49,434,000	10,627,000	-6,174,000	13,942,000	-9,125,000	-1,659,000	-3,560,000	32,140,000	12,199,000	92,050,000	7,735,000	14,305,000	-21,954,000	11,536,000	31,650,000	-24,450,000	31,228,000	28,423,000	11,856,000	17,342,000	28,949,000	19,518,000	41,455,000	54,848,000	33,834,000	43,082,000	19,317,000	34,949,000	10,276,000	33,158,000	37,814,000	65,114,000	34,778,000	49,942,000	46,731,000	70,865,000	63,357,000	50,451,000	112,850,000	101,266,000	47,693,000	102,053,000	51,052,000	40,381,000	38,112,000	84,577,000	55,201,000	53,882,000	28,366,000	22,247,000	43,318,000	35,868,000	51,363,000	43,112,000			35,790,000
adjustments to reconcile net income to net cash provided (used) by operating activities:
depreciation and amortization, net of accretion	3,541,000	3,822,000	4,106,000	3,880,000	4,433,000	5,332,000	5,930,000	6,454,000	5,954,000	7,677,000	8,017,000	9,637,000	10,059,000	10,350,000	10,681,000	10,246,000	9,598,000	6,722,000	5,207,000	4,734,000	4,617,000	5,036,000	4,711,000	5,508,000	4,957,000	6,079,000	7,772,000	7,075,000	6,146,000	7,803,000		8,538,000	8,118,000	8,853,000		4,581,000	11,582,000	12,086,000		12,312,000
increase in cash surrender value of boli	-621,000	-618,000	-229,000	-1,101,000	-534,000	-452,000	-703,000	3,428,000	1,472,000	-656,000	-507,000	-421,000	61,000	888,000	-946,000	-623,000	-685,000	915,000	-454,000	-457,000	-459,000	-453,000	-458,000	-621,000	-455,000	-449,000	-461,000	-621,000	-442,000	-455,000				-460,000
gain on sale of intangible assets
gain on sale of capital assets
net investment (gains) losses	-227,000	1,693,000	3,243,000	-2,251,000	-3,163,000	268,000	-10,672,000	2,702,000	-2,946,000	-2,912,000	-12,495,000	8,262,000	23,884,000	13,506,000
share-based compensation	2,077,000	1,788,000	2,210,000	1,713,000	1,335,000	945,000	1,430,000	1,443,000	1,228,000	1,146,000	1,148,000	1,289,000	1,049,000	1,343,000	1,072,000	1,134,000	1,153,000	1,031,000	788,000	1,011,000	1,092,000	1,228,000	1,176,000	1,628,000	1,615,000	902,000	3,505,000	1,018,000	2,746,000	3,346,000	4,997,000	1,645,000	3,098,000	2,715,000	1,528,000	2,672,000	2,263,000	2,703,000	2,034,000	2,381,000	2,401,000	3,240,000	2,312,000	2,222,000	2,426,000	2,282,000	2,258,000	1,737,000	1,629,000	1,568,000	1,541,000	1,400,000	1,360,000	1,691,000	1,845,000	1,314,000	1,806,000	2,105,000	2,440,000
deferred income tax expense	5,992,000	10,000	5,952,000	3,775,000	1,841,000	1,253,000	1,680,000	-3,427,000	2,609,000	-2,630,000	1,413,000	-4,626,000	-1,998,000	-1,410,000	7,094,000	-3,962,000	459,000	-2,272,000	852,000	-10,224,000	-1,784,000	6,618,000	-12,025,000
policy acquisition costs, net of amortization	1,362,000	-2,100,000	4,801,000	-2,786,000	2,578,000	-3,283,000	6,921,000	-4,258,000	979,000	-5,830,000	6,869,000	-1,904,000	2,378,000	-6,551,000	-1,011,000	-5,827,000	-4,486,000	-420,000	5,842,000	-599,000	1,052,000	-2,807,000	2,134,000	-4,057,000	-1,428,000	-504,000	1,430,000
equity in (earnings) loss of unconsolidated subsidiaries	-4,584,000	-4,015,000	-5,820,000	-4,767,000	-8,653,000	-2,963,000	-1,341,000	61,000	-6,632,000	1,121,000	1,060,000	6,851,000	-5,179,000	-7,620,000	-15,015,000	-15,244,000	-11,927,000	-6,788,000	-10,144,000	1,562,000	5,152,000	810,000	3,299,000	-5,228,000	-5,379,000	-1,640,000	456,000	-4,165,000	-2,516,000	-1,808,000
distributed earnings from unconsolidated subsidiaries	3,930,000	4,867,000	8,396,000	6,639,000	4,343,000	1,778,000	8,327,000	2,370,000	1,502,000	3,176,000	1,778,000	9,260,000	5,064,000	14,176,000	14,243,000	7,566,000	7,697,000	5,658,000	6,828,000	1,585,000	5,360,000	1,938,000	7,313,000	19,311,000	-2,423,000	7,018,000
other	-1,981,000	1,421,000	-908,000	-37,000	1,587,000	-962,000	63,000	-29,000	948,000	-35,000	-37,000	-27,000	549,000	-1,056,000	-207,000	-392,000	859,000	-661,000	-196,000	-703,000	306,000	1,337,000	678,000	-306,000	44,000	752,000	656,000	-110,000	-271,000	-167,000	3,998,000	-80,000	-3,117,000	971,000	1,075,000	-149,000	4,182,000	-4,856,000	-2,804,000	400,000	-8,437,000	2,057,000	5,353,000	-2,311,000	248,000	-6,304,000	-84,000	-757,000	-13,794,000	2,320,000	7,817,000	-2,905,000	10,187,000	2,247,000	-12,751,000	-218,000	-30,748,000	10,287,000	1,135,000	2,345,000	14,909,000	-10,683,000	-11,410,000	5,336,000	6,190,000	-17,973,000	6,963,000	-4,078,000	408,000
change in:
premiums receivable	-5,471,000	-18,640,000	36,081,000	-16,609,000	13,898,000	-26,701,000	43,562,000	-20,264,000	7,764,000	-20,537,000	25,823,000	-26,867,000	15,879,000	-19,834,000	47,723,000	-229,000	32,876,000	-9,165,000	36,499,000	-22,442,000	10,298,000	-27,660,000	22,221,000	-4,042,000	-32,001,000	-9,559,000	24,601,000	-27,569,000	-10,399,000	-1,238,000	17,427,000	-12,882,000	-8,142,000	-2,849,000	22,873,000	-19,914,000	-10,721,000	-6,744,000	27,270,000	-14,620,000	-11,088,000	-16,698,000	15,776,000	-11,318,000	2,535,000	-13,098,000	21,478,000	-2,678,000	9,428,000	-13,174,000	11,012,000	950,000	9,802,000	-16,962,000	9,721,000	-13,603,000	3,782,000	11,266,000	-7,293,000	11,739,000	-4,112,000	16,884,000	-10,181,000	13,464,000	-6,888,000	18,451,000	-7,159,000
reinsurance related assets and liabilities	9,641,000	8,181,000	40,802,000	-11,021,000	2,507,000	10,908,000	-22,568,000	8,097,000	11,001,000	-22,547,000	27,009,000	9,366,000	2,214,000	-18,113,000	21,716,000	4,422,000	3,077,000	-12,290,000	9,032,000	-4,623,000	4,747,000	-27,283,000	-1,044,000	-6,239,000	2,329,000	9,651,000	-11,048,000	-38,110,000	-9,719,000	2,428,000		-8,263,000				-1,798,000	2,115,000	-1,346,000		-2,701,000	-4,519,000	-12,609,000		-3,322,000	-7,287,000	9,099,000		-9,242,000		-835,000	2,910,000	5,083,000		-15,753,000	2,374,000	-2,284,000	25,296,000	50,971,000	-7,743,000		9,519,000	36,412,000	1,756,000		1,626,000	-587,000	-745,000
other assets	1,566,000	11,966,000	-3,697,000	-1,474,000	-2,070,000	-2,183,000	-10,334,000	5,648,000	-491,000	163,000	-4,430,000	5,750,000	-1,611,000	12,367,000	-8,645,000	10,531,000	-2,324,000	13,151,000	-424,000	14,268,000	-1,110,000	-1,447,000	-2,245,000	-2,930,000	-5,285,000	6,254,000	-1,980,000	3,801,000	2,414,000	-5,027,000	-746,000	392,000	237,000	15,782,000	-15,649,000	11,100,000	-1,990,000	-3,919,000	3,101,000	39,840,000	-4,214,000	-1,803,000	43,598,000	8,049,000	-15,946,000	-26,119,000	-7,598,000	650,000	16,676,000	-861,000
reserve for losses and loss adjustment expenses	-45,863,000	-3,362,000	-81,987,000	-27,857,000	-14,972,000	-18,769,000	5,630,000	-25,274,000	-48,354,000	-1,868,000	-73,781,000	-27,934,000	-30,384,000	23,306,000	-52,746,000	10,855,000	1,136,000	21,071,000	9,691,000	-15,478,000	36,465,000	39,148,000	20,020,000	21,010,000	22,016,000	8,420,000	7,683,000	48,833,000	-5,124,000	3,561,000	-4,591,000	5,218,000	-12,969,000	444,000	-16,935,000	-4,436,000	-17,533,000	-14,036,000	-89,189,000	-28,274,000	-30,054,000	-20,230,000	-75,290,000	-43,089,000	-24,234,000	-37,064,000	-123,876,000	-2,742,000	-79,830,000	-6,515,000	-10,969,000	1,082,000	-55,889,000	-36,197,000	-22,075,000	-12,496,000	-25,257,000	-48,742,000	-4,304,000	-37,178,000	-5,852,000	-30,888,000	26,477,000	15,630,000	49,116,000	37,267,000	52,261,000
unearned premiums	-38,143,000	44,892,000	-59,138,000	40,203,000	-39,250,000	43,226,000	-59,235,000	53,394,000	-34,140,000	50,746,000	-53,320,000	25,699,000	-36,122,000	52,732,000	-75,356,000	10,664,000	-54,993,000	13,699,000	-53,637,000	30,202,000	-15,684,000	42,396,000	-29,787,000	23,933,000	-5,562,000	27,743,000	-23,125,000	24,514,000	356,000	24,576,000	-33,921,000	21,270,000	-1,871,000	25,019,000	-39,930,000	31,537,000	-2,992,000	27,623,000	-45,468,000	28,124,000	-2,998,000	30,439,000	-25,314,000	21,105,000	-17,556,000	20,025,000	-28,425,000	19,548,000	-19,513,000	18,470,000	-36,804,000	23,572,000	-22,759,000	25,196,000	-27,375,000	38,959,000	2,413,000	-38,247,000	27,994,000	-30,015,000	1,860,000	-42,812,000	35,222,000	-34,672,000	206,000	-43,165,000	29,501,000
other liabilities	19,745,000	-53,480,000	29,781,000	9,274,000	7,762,000	-24,672,000	21,689,000	-9,820,000	16,480,000	-30,683,000	20,997,000	5,134,000	-2,120,000	-56,259,000	27,962,000	-2,462,000	13,066,000	-837,000	10,509,000	-17,604,000	-7,657,000	504,000	-6,811,000	12,575,000	-12,708,000	-3,592,000	12,396,000	17,299,000	-1,337,000	-7,393,000	6,025,000	11,430,000	11,205,000	-14,339,000	5,757,000	-2,622,000	10,357,000	-12,835,000	15,759,000	-4,643,000	8,754,000	-13,938,000	-6,725,000	-3,197,000	9,673,000	-36,320,000	20,684,000	-48,245,000	27,020,000	-4,233,000	13,271,000	-34,340,000	22,904,000	-14,944,000	-21,184,000	-46,393,000
net cash provided (used) by operating activities	-28,065,000	-11,609,000	-238,000	14,022,000	-12,850,000	-11,649,000	-3,244,000	15,201,000	-31,999,000	-29,843,000	-36,514,000	10,344,000	-17,936,000	14,265,000	4,607,000	38,348,000	2,315,000	28,700,000	19,170,000	-12,049,000	44,623,000	34,392,000	30,871,000	80,828,000	-7,788,000	73,354,000	50,965,000	44,017,000	-4,465,000	58,479,000	40,128,000	42,761,000			6,437,000	51,771,000	16,909,000	36,843,000	-5,081,000	71,949,000	-1,301,000	30,435,000	14,641,000	36,233,000	835,000	-13,107,000
investing activities
purchases of:
fixed maturities, available-for-sale	-160,741,000	-314,842,000	-119,706,000	-186,571,000	-233,506,000	-230,549,000	-157,749,000	-127,262,000	-65,468,000	-68,755,000	-121,660,000	-145,384,000	-109,189,000	-231,557,000	-268,587,000	-404,064,000	-423,321,000	-342,197,000	-227,608,000	-227,503,000
equity investments	-743,000	-1,052,000	-567,000	-1,097,000	-360,000	-80,000	-232,000	-422,000	-762,000	-170,000	-92,000	-4,549,000	-2,137,000	-28,129,000	-16,197,000	-20,889,000	-81,429,000	-38,232,000	-6,020,000	-23,136,000	-13,943,000	-25,016,000	-33,997,000	-78,106,000	-23,925,000	-67,129,000
other investments	-7,000	-563,000	8,958,000	0	-1,162,000	-17,381,000	-8,950,000	-17,200,000	-2,896,000	-11,749,000	-11,297,000	-10,440,000	-4,379,000	-12,757,000	-12,853,000	-12,583,000	-15,269,000	-33,252,000	-9,184,000	-6,065,000	-9,167,000	-4,602,000	-9,596,000	-7,329,000	-8,120,000	-7,108,000	-14,917,000	-26,566,000	-4,949,000	-3,930,000	-2,781,000	-4,450,000	-1,759,000	-9,623,000	-8,006,000	-9,574,000	-6,498,000	-9,288,000	0	-5,574,000	-14,289,000	-5,246,000	-26,773,000	-4,121,000	-189,000	-3,616,000	-438,000		0	-128,000	-2,608,000	-2,647,000	0	-37,000	-149,000	-106,000	0	-1,000	-277,000	1,000	1,499,000	-480,000	-1,571,000			0	-364,000
investment in unconsolidated subsidiaries	-3,619,000	-8,443,000	-8,678,000	-1,204,000	-8,092,000	-7,871,000	-19,065,000	-1,602,000	-6,691,000	-9,381,000	-14,043,000	-5,316,000	-10,444,000	-9,685,000	-34,334,000	-5,840,000	-4,157,000	-5,319,000	-7,325,000	-17,180,000	-10,797,000	-31,150,000	-23,645,000	-26,762,000	-5,749,000	-21,985,000	-11,653,000	-10,743,000	-14,174,000	-5,613,000	-11,839,000	-10,955,000	-7,515,000	-20,581,000	-18,302,000	-16,867,000	-10,859,000	-15,416,000	-21,901,000	-13,791,000	-7,608,000	-8,995,000				-6,614,000
proceeds from sales or maturities of:
net sales or (purchases) of fixed maturities, trading	3,223,000	-294,000	-1,086,000	7,000	-1,721,000	-1,553,000	-2,325,000	-333,000	-858,000	-1,395,000	257,000	1,693,000	3,670,000	-6,119,000	1,301,000	812,000	-1,040,000	3,163,000	4,510,000
return of invested capital from unconsolidated subsidiaries	9,681,000	10,523,000	18,054,000	10,879,000	8,295,000	6,882,000	32,638,000	7,884,000	3,331,000	12,756,000	11,180,000	5,932,000	10,050,000	17,302,000	17,399,000	10,543,000	19,802,000	17,618,000	13,237,000	1,481,000	5,495,000	5,305,000	35,989,000	12,391,000	24,371,000	11,783,000
net sales or maturities (purchases) of short-term investments	-12,562,000	11,132,000	-23,958,000	-10,081,000	-34,841,000	54,710,000	13,167,000	68,958,000	-63,495,000	-5,432,000	44,706,000	37,071,000	-92,934,000	-16,632,000	-65,466,000	200,098,000	-9,849,000	56,836,000	39,910,000	-7,441,000	-69,075,000	90,698,000	-103,627,000	8,460,000	136,077,000	82,976,000	-137,371,000	-30,712,000	11,458,000	160,792,000	-187,129,000	-48,226,000	-58,387,000	-29,130,000	38,793,000	-13,731,000	-29,609,000	16,479,000	-36,602,000	77,769,000	-11,599,000	110,843,000	-132,658,000	-28,702,000	61,965,000	-76,697,000	96,795,000			-49,080,000
unsettled security transactions, net change	-13,128,000	12,007,000	-2,814,000	-3,397,000	4,976,000	3,077,000	-2,113,000	1,873,000	-968,000	3,407,000	-714,000	-17,095,000	13,583,000	-2,076,000	-20,064,000	10,489,000	12,391,000	27,025,000	-33,978,000	12,937,000	-9,611,000	5,440,000	251,000	-1,229,000	-25,465,000	22,421,000	8,904,000	-23,649,000	6,418,000	6,296,000	-15,277,000	-9,055,000	25,949,000	-229,000	2,812,000	-1,702,000	-8,017,000	9,246,000
purchases of capital assets	-31,000	-350,000	-2,361,000	-3,951,000	-1,743,000	-961,000	-1,445,000	-1,225,000	-1,190,000	-930,000	-869,000	-1,252,000	-1,421,000	-811,000	-640,000	-92,000	-1,865,000	-1,243,000	-813,000	-2,750,000	-2,470,000	-2,572,000	-1,964,000	-2,559,000	-3,277,000	-1,836,000	-1,865,000	-2,027,000	-2,058,000	-4,535,000	-3,125,000				-3,142,000
proceeds from sale of capital assets	0	19,308,000
proceeds from sale of intangible assets
net cash impact of deconsolidation of closed years of account from lloyd's syndicates operations	0	-11,102,000
net cash provided (used) by investing activities	30,123,000	4,110,000	16,396,000	-3,754,000	-14,090,000	12,120,000	3,804,000	31,409,000	46,263,000	59,663,000	29,752,000	-636,000	-13,979,000	-77,134,000	-59,995,000	45,398,000	-44,668,000	-26,261,000	-30,483,000	71,825,000	-6,588,000	3,868,000	-19,886,000	-43,115,000	131,791,000	146,107,000	-27,635,000	-2,769,000	58,497,000	196,574,000	-135,211,000	-47,454,000	-64,439,000	-31,835,000	57,469,000	56,656,000	15,255,000	98,407,000	27,045,000	26,548,000	-25,952,000	239,339,000	-369,530,000	266,507,000	39,032,000	-3,812,000	40,576,000	803,000		27,688,000	5,994,000	-38,392,000		317,000	1,736,000	32,960,000	-15,699,000	-12,530,000	-64,490,000
continued on the following page.
continued from the previous page.
financing activities
borrowings (repayments) under revolving credit agreement	-1,562,000	-1,563,000	-1,562,000	-1,563,000																			0	0	-83,000,000	-40,000,000
capital contribution received from (return of capital to) external segregated portfolio cell participants	-1,201,000	-863,000					3,453,000	0	68,000	-18,000	-1,950,000	139,000	-2,032,000	-5,085,000	-1,262,000	-1,050,000	-8,011,000	-53,000	-1,764,000	204,000	-982,000	-562,000
net cash provided (used) by financing activities	-3,994,000	-3,841,000	-6,575,000	-1,847,000	-1,583,000	-969,000	3,228,000	-30,534,000	-24,664,000	-3,345,000	-4,651,000	-3,168,000	-5,354,000	-8,632,000	-3,963,000	-41,589,000	-11,686,000	-3,386,000	-4,853,000	-17,976,000	-17,986,000	-46,901,000	-18,073,000	-16,869,000	-100,535,000	-310,709,000	-7,840,000	-39,706,000	-38,487,000	-270,482,000	83,527,000	-11,573,000	-16,953,000	-68,935,000	-24,148,000	-58,451,000	-84,374,000	-128,714,000	-72,929,000	-61,151,000	-58,331,000	-102,914,000	205,221,000	-142,923,000	-15,463,000	-6,802,000	-49,578,000	-17,011,000		-57,418,000	-37,698,000	-1,178,000		3,714,000	-16,050,000	-21,319,000	-31,179,000	-20,411,000	-23,412,000
increase in cash and cash equivalents	-1,936,000	-11,340,000	9,583,000	8,421,000	-28,523,000	-498,000	3,788,000	16,076,000	-10,400,000	26,475,000	-11,413,000	6,540,000	-37,269,000	-71,501,000	-59,351,000	42,157,000	-54,039,000	-947,000	-16,166,000	41,800,000	20,049,000	-8,641,000	-7,088,000	20,844,000	23,468,000	-91,248,000	15,490,000	1,542,000	15,545,000	-15,429,000	-11,556,000	-16,266,000	-52,143,000	-43,788,000	39,758,000	49,976,000	-52,210,000	6,536,000	-50,965,000	37,346,000	-85,584,000	166,860,000	-149,668,000	159,817,000	24,404,000	-23,721,000	20,892,000	8,653,000	2,587,000	2,977,000	-3,561,000	8,206,000	19,884,000	7,898,000	-10,272,000	19,673,000	-3,825,000	6,517,000	-28,402,000	36,555,000	-7,208,000	8,266,000	-27,669,000	5,578,000	-3,043,000	-9,539,000	1,644,000	12,072,000	18,366,000
cash and cash equivalents at beginning of period	0	54,881,000	0	0	0	65,898,000	0	0	0	29,959,000	0	0	0	143,602,000	0	0	0	215,782,000	0	175,369,000	0	80,471,000	0	0	0	134,495,000	0	0	0	117,347,000	0	0	0	241,100,000	0	0	0	197,040,000	0	0	0	129,383,000	0	0	0	118,551,000	0	50,851,000	0	0	0	40,642,000		0	0	3,459,000	0	-8,816,000	39,090,000		0	0	29,146,000		0	0	34,506,000	0	53,163,000
cash and cash equivalents at end of period	-1,936,000	43,541,000	9,583,000	8,421,000	-28,523,000	65,400,000	3,788,000	16,076,000	-10,400,000	56,434,000	-11,413,000	6,540,000	-37,269,000	72,101,000	-59,351,000	42,157,000	-54,039,000	214,835,000	-16,166,000	217,169,000	20,049,000	71,830,000	-7,088,000	20,844,000	23,468,000	43,247,000	15,490,000	1,542,000	15,545,000	101,918,000	-11,556,000	-16,266,000	-52,143,000	197,312,000	39,758,000	49,976,000	-52,210,000	203,576,000	-50,965,000	37,346,000	-85,584,000	296,243,000	-149,668,000	159,817,000	24,404,000	94,830,000	20,892,000	59,504,000	2,587,000	2,977,000	-3,561,000	48,848,000	19,884,000	7,898,000	-10,272,000	23,132,000	-3,825,000	-2,299,000	10,688,000	36,555,000	-7,208,000	8,266,000	1,477,000	5,578,000	-3,043,000	-9,539,000	36,150,000	12,072,000	71,529,000
significant non-cash transactions
operating lease liabilities arising from obtaining rou assets			0	188,000	0	1,988,000
increase in fair value of contingent consideration issued in norcal acquisition			0	0			-3,000,000	-1,500,000	-2,000,000	-2,000,000
(gain) loss on sale of property		-2,212,000
goodwill impairment							0												0
repayments of senior notes
repurchase of common stock							0	-30,517,000			0																				0	0	-805,000	-1,301,000	-7,594,000	-41,877,000	-66,144,000	-57,157,000	-59,214,000	-43,553,000	-40,617,000	-78,976,000	-27,099,000
dividends to shareholders							0	0	-2,691,000	-2,688,000	-2,688,000	0	-5,389,000	-2,691,000	-2,691,000	-2,691,000	-2,690,000	-2,686,000	-2,686,000	-16,714,000	-16,618,000	-43,338,000	-16,582,000	-16,581,000	-16,579,000	-266,734,000	-16,524,000	-16,524,000	-16,516,000	-265,664,000	-16,458,000	-16,461,000	-16,455,000	-69,438,000	-16,468,000	-16,747,000	-17,200,000	-167,211,000	-17,432,000	-17,597,000	-17,865,000	-18,358,000	-15,533,000	-15,522,000			-177,196,000
supplemental disclosure of cash flow information
cash paid (refunded) during the year for income taxes
cash paid during the year for interest
dividends declared and not yet paid										2,701,000	0			2,702,000	-2,000	0	1,000	2,699,000	0	16,691,000	-4,000	16,660,000	26,824,000	-1,008,000	1,014,000	16,616,000	250,734,000	34,000	8,000	16,516,000	249,197,000	1,000	16,000	16,445,000	52,993,000	-274,000	-462,000	17,190,000
gain on bargain purchase															0	0
cash paid for acquisitions, net of cash acquired															0	0
borrowings under revolving credit agreement
repayments of mortgage loans															0	-19,745,000	-15,978,000	-390,000	-375,000		-362,000	-362,000		-349,000	-349,000	-349,000
purchase of non-controlling interest															0
operating rou assets obtained in exchange for operating lease liabilities											0				412,000	0			873,000
fair value of contribution certificates issued in norcal acquisition															0	0
fair value of contingent consideration in norcal acquisition															0	0
adjustments to reconcile net income to net cash from operating activities:
adjustments to reconcile income to net cash from operating activities:
repayments (advances) under syndicate credit agreement																					30,002,000	-212,000	694,000	172,000	16,930,000	-17,980,000
net realized investment (gains) losses																-530,000	-10,833,000	-8,849,000	-15,528,000	28,673,000	-9,308,000	-36,623,000	46,139,000	-12,373,000	-2,795,000	12,517,000	2,401,000	-7,749,000	2,219,000	-13,280,000	-16,561,000	-15,736,000	-10,930,000	8,352,000	6,019,000												-6,515,000	-4,124,000	-8,535,000	-14,712,000	3,501,000	2,404,000	-7,970,000	-7,275,000	-5,084,000	7,537,000	34,236,000	5,349,000	1,426,000	4,375,000	-1,321,000			79,000	510,000
other changes in assets and liabilities:
purchases of intangible assets																											0
funding of qualified affordable housing project tax credit partnerships																			-276,000	-281,000	-75,000	-247,000		0
repayments under revolving credit agreement																												-26,000,000
cash paid during the year for income taxes, net of refunds
repayments under syndicate credit agreement
fixed maturities, trading																				-407,000	128,000	-4,614,000	-5,458,000	-3,087,000	-25,837,000	-4,162,000
proceeds (repayments) of mortgage loans																				-376,000
fixed maturities, available for sale																					-171,830,000	-179,107,000	-63,579,000	-164,668,000	-184,579,000	-367,872,000	-164,723,000	-90,637,000	-198,716,000	-160,364,000	-96,007,000	-167,190,000	-173,590,000	-199,590,000	-114,329,000	-90,696,000	-160,430,000	-215,122,000	-133,220,000	-146,473,000	-235,110,000	-130,311,000	-113,009,000	-98,713,000	-206,613,000	-100,826,000	-112,418,000
continued on following page.
capital contribution received from (return of capital to) external segregated portfolio cell owners																								62,000
deferred income taxes																									864,000	-2,094,000	9,337,000	-7,666,000	-7,032,000	7,054,000	8,484,000	-4,057,000	2,092,000	2,015,000	-1,272,000	-16,155,000	-5,923,000	7,356,000	1,351,000	-3,065,000	1,736,000	6,773,000	1,517,000	10,629,000	-2,046,000	14,559,000	30,277,000	13,906,000	-919,000	-6,811,000	-2,980,000	6,310,000	1,597,000	2,679,000	19,540,000	2,798,000	5,177,000	-142,000	8,046,000
external capital contribution received for segregated portfolio cells																										251,000	-53,000	2,827,000	48,000	114,000	249,000	4,963,000	404,000	4,336,000
equity securities, trading																											-79,941,000	-26,062,000	-66,454,000	-35,400,000	-36,074,000	-17,502,000	-35,590,000	-23,746,000	-60,171,000	-57,827,000	-55,984,000	-97,626,000	-33,879,000	-29,980,000	-35,030,000	-20,976,000	-14,312,000	-19,953,000	-26,356,000	-26,983,000	-36,547,000
distributions from unconsolidated subsidiaries																											9,567,000	13,340,000	16,176,000	17,848,000	9,227,000	2,540,000	3,537,000	1,643,000	4,627,000	9,771,000	9,460,000	4,159,000	1,578,000
proceeds from mortgage loans
funding of qualified affordable housing tax credit limited partnerships																												-74,000	-283,000	-37,000	-56,000	-7,000	-254,000	-702,000	-11,574,000
policy acquisition costs, net amortization																													-1,024,000	-2,376,000	2,800,000	-1,896,000	-2,755,000	-570,000	3,274,000	-3,264,000	-3,444,000	-2,164,000	5,259,000	-714,000	-2,165,000	-2,370,000	1,246,000	-2,821,000	-1,082,000	-3,163,000
amortization, net of accretion
depreciation
equity in earnings of unconsolidated subsidiaries																															-845,000	3,348,000
other changes in assets and liabilities, excluding effect of business combinations:
receivable from reinsurers on paid losses and loss adjustment expenses
receivable from reinsurers on unpaid losses and loss adjustment expenses
prepaid reinsurance premiums
reinsurance premiums payable
continued from previous page
cash received in (paid in) acquisition
funds at lloyd's in support of syndicate 1729, returned
increase in restricted cash																																							0	0	0	78,000,000
borrowing under revolving credit agreement																																			0	0	0	100,000,000
excess tax benefit from share-based payment arrangements																																																	1,748,000
deposit transferred as consideration for acquisition																																							0	0	0	205,244,000	0	0	0	153,700,000
equity in earnings of unconsolidated subsidiaries, excluding income distributions received																																		3,411,000	1,011,000
reinsurance related assets and liabilities*																																		-11,679,000
net cash provided (used) by operating activities*																																		56,982,000
gain on acquisition																																											3,672,000	-494,000	0	-35,492,000
deposit made for future acquisition
proceeds from debt
repayment of debt																																																																				-2,500,000	-2,500,000
cash received in acquisitions																																								0
net realized investment gains																																					3,828,000	-4,839,000	-6,995,000	8,131,000	-13,046,000	-2,744,000	-20,254,000	-12,499,000	-8,471,000	-26,680,000
equity in earnings of unconsolidated subsidiaries, excluding distributions received and tax credit partnership amortization
funding of tax credit limited partnerships																																					-69,000	-590,000	-172,000	-3,091,000	-3,537,000	-1,811,000	-4,688,000	-26,469,000	-2,165,000	-30,167,000	-6,287,000
gain on extinguishment of debt																																															0
increase in cash surrender value of business owned life insurance
proceeds from long-term debt
repayment of long-term debt																																											-2,183,000
other investment interest converted to equity securities
unsettled security transactions																																								-19,993,000	15,842,000	4,024,000	2,949,000	358,000	-21,580,000	18,478,000	1,453,000	39,092,000	8,038,000	2,746,000
depreciation and amortization																																										11,587,000		9,922,000	12,124,000	12,318,000		9,115,000		6,438,000	7,025,000	6,108,000		5,145,000	5,149,000	4,052,000	4,480,000	3,965,000	3,756,000		3,938,000	3,866,000	3,923,000		4,385,000	5,249,000	5,591,000
cash received from acquisitions																																										35,013,000		0	0	22,780,000
(investment in) distributions from unconsolidated subsidiaries																																											-2,188,000	2,117,000
equity securities, available for sale
cash received from (paid for) acquisitions
funding for syndicate 1729
cash received (paid) for other assets																																											-2,991,000	-4,682,000	-2,524,000	-1,047,000	1,241,000	-12,227,000
net cash paid during the year for income taxes
net cash from operating activities																																															29,894,000	24,861,000	30,565,000	32,707,000	28,143,000	47,776,000	59,468,000	3,867,000	4,042,000	8,032,000	43,053,000	39,458,000	59,500,000		112,487,000	7,702,000	87,022,000			-19,050,000	115,796,000	42,498,000	55,079,000
(investments in) distributions from unconsolidated subsidiaries																																															-3,170,000
cash paid for acquisitions, net of cash received																																																					-301,000	287,000	-120,595,000	-3,900,000
redemption of business owned life insurance
repayment of long-term debt and related swap																																															0
other investments transferred, at fair value, to fixed maturities
changes in assets and liabilities:
proceeds from sale or maturities of:
policy acquisition costs deferred, net of related amortization
fixed maturities available for sale																																																-252,043,000	-177,025,000	-205,050,000	-219,911,000	-238,380,000	-175,280,000	-324,136,000	-248,561,000	-182,191,000	-164,317,000	-192,186,000	-276,176,000	-331,013,000	-400,195,000	-293,140,000	-370,347,000	-471,200,000	-502,847,000	-642,799,000	-768,140,000
equity securities available for sale																																																3,589,000					-580,000	0	-102,000	-38,000	-304,000	0	-2,346,000	-291,000	-439,000	-123,000	-95,000				235,000
equity securities trading																																																-15,750,000	-862,000	-5,031,000	-4,486,000	-3,933,000	-9,878,000	-18,392,000	-3,408,000	-1,478,000
(investments in) distributions from unconsolidated subsidiaries, net:
tax credit limited partnerships
other partnership investments
net sales or maturities (purchases) of short-term investments, excluding unsettled redemptions																																																22,948,000
dividend to shareholders
changes in assets and liabilities, excluding the effects of business combinations:
cash invested in unconsolidated subsidiaries																																																-15,000,000		9,615,000				0	-407,000	-2,135,000	-935,000	-1,706,000	-20,960,000
repurchase of treasury shares																																																-14,993,000											-23,436,000
adjustments to reconcile income to net cash from operating activities
changes in assets and liabilities, excluding effect of business combinations:
receivable from reinsurers on paid losses and loss adjustment expense
cash investment in unconsolidated subsidiaries
net sales or maturities of short-term investments, excluding unsettled redemptions
net cash from (used by) investing activities																																																																					-34,213,000
book overdraft																																																						12,339,000	-1,000	-2,677,000	-8,163,000
net cash from (used by) financing activities																																																																					-2,500,000
loss on extinguishment of debt
changes in assets and liabilities due to operating activities:
repurchase of treasury stock																																																		-55,258,000				-2,069,000	-17,432,000	-18,642,000	-17,343,000
debt repayment																																																		-76,000
significant non-cash transactions:
common shares issued in acquisition
changes in assets and liabilities, net of the effects of acquisitions:
excess of tax benefit from options exercised
net sales or maturities (purchases) of short-term investments excluding unsettled redemptions																																																				35,252,000
net
cash and cash equivalents at beginning at period
common stock issued in acquisition, from treasury																																																						0
unsettled redemption of short-term money market investment
equity increase due to conversion of debt
net increase in short-term investments																																																								81,872,000		-24,278,000	-53,112,000	59,134,000	10,365,000	37,083,000	-142,331,000	55,161,000	-34,084,000	326,662,000	-431,154,000
treasury stock issued in acquisition																																																								5,161,000
net sales (purchases) of trading portfolio securities																																																									-379,000	-672,000	-1,825,000
net increase in short-term investments, excluding unsettled redemptions
excess tax benefit from options exercised																																																									140,000				30,000				217,000
fixed maturity securities transferred, at fair value, to other investments																																																															34,732,000
equity increase due to conversion of debt— see notes 7 and 8
continuing operations:
income from discontinued operations, net of tax
amortization
net (purchases) sales of trading portfolio securities
taxes paid related to gain on sale of discontinued operations
receivable from reinsurers
net cash from operating activities of continuing operations																																																																48,362,000
cash proceeds, net of sales expenses of 4,080, from sale of personal lines operations
net cash used by investing activities of continuing operations																																																															-114,816,000	-43,269,000	-40,982,000	9,479,000	-114,873,000
net cash from (used by) financing activities of continuing operations
stock-based compensation																																																													2,635,000	1,489,000	2,253,000	861,000	858,000	955,000	1,995,000
proceeds from sale of discontinued operations, net of sales expense paid of 4,080																																																																			371,037,000
proceeds from options exercised
treasury stock repurchased
fixed maturities securities received as proceeds from sale of discontinued operations																																																																	0
fixed maturity securities, available-for-sale, transferred to other investments, at fair value
common stock issued in acquisition
net purchases of trading portfolio securities																																																																	2,916,000
net cash used by investing activities
cash received from options exercised																																																																	0
purchases of treasury stock
net cash from financing activities
fixed maturity securities transferred, at fair value, from available-for-sale to other investments
income from continuing operations																																																															36,090,000			29,991,000	27,835,000
net realized investment (gains) losses and net purchases of trading portfolio securities																																																															2,892,000				-446,000
cash received from options exercises																																																															116,000
excess tax benefit from options exercises																																																															9,000
net cash from financing activities of continuing operations																																																															125,000	485,000	217,000	32,000	721,000
net proceeds from long-term debt
gain on sale of discontinued operations
cash proceeds, net of sale expenses of 4,080 from sale of discontinued operations
discontinued operations:
net cash from operating activities of discontinued operations
net cash from investing activities of discontinued operations
net cash from financing activities of discontinued operations
supplemental disclosure of cash flow information:
taxes paid, net of refunds
cash proceeds, net of sale expenses of 4,080 and taxes of 54,565, from sale of discontinued operations
cash received from option exercises																																																																			119,000
excess tax benefits from option exercises																																																																			602,000
fixed maturity securities received as proceeds from sale of discontinued operations																																																																			24,819,000
trading portfolio securities, excluding net holding gains
business owned life insurance
cash proceeds from sale of discontinued operations
cash acquired in purchase transaction net of cash from transaction of 2,684
purchases of fixed maturities available for sale																																																																				-163,834,000	-234,996,000
purchases of equity securities available for sale																																																																				-10,652,000	-4,041,000
proceeds from sale or maturities of fixed maturities available for sale																																																																				174,447,000	163,961,000
proceeds from sale of equity securities available for sale																																																																				2,874,000	2,906,000
net decrease in short-term investments
cash from consolidation with professionals group
cash acquired in consolidation with professionals group
proceeds from long term debt
purchase of treasury stock
net cash used by financing activities
net decrease (increase) in short-term investments																																																																					37,549,000

We provide you with 20 years of cash flow statements for ProAssurance stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as operating cash flows, cash levels, capital expenditures, profits, stock-based compensations and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of ProAssurance stock. Explore the full financial landscape of ProAssurance stock with our expertly curated income statements.

The information provided in this report about ProAssurance stock is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.