Analysts
| Firm | Analyst |
| Keefe, Bruyette & Woods | Matthew Rohrmann |
| Macquarie Group | Ray Iardella |
| Raymond James & Associates | Gregory Peters |
| Sandler O'Neill | J. Paul Newsome |
| Stifel, Nicolaus & Company, Inc. | Meyer Shields |
| SunTrust Robinson-Humphrey Company, LLC | Mark Hughes |
ProAssurance Corporation is followed by the analysts listed above. Please note that
any opinions, estimates or forecasts regarding ProAssurance Corporation's performance
made by these analysts are theirs alone and do not represent opinions, forecasts or
predictions of ProAssurance Corporation or its management. ProAssurance Corporation does
not by its reference above or distribution imply its endorsement of or concurrence
with such information, conclusions or recommendations.