Financial Strength

In uncertain economic and claims environments, it’s only fair to expect your healthcare liability insurer to provide:

Proof of financial strength to pay meritorious claims promptly;
Fair coverage for the premium you pay, helping you protect your identity as a physician or healthcare entity; and
Resources to inform you on how to prevent claims and what needs to happen when an incident or claim occurs—helping put you in control.

To ensure stability and sound investments for you and your entity, independent insurance rating agencies assess our financial strength regularly.

AM Best Logo ProAssurance Group, rated A (Excellent) by AM Best, has a long record of being among the most financially strong healthcare liability providers in the business. For the latest Best’s Credit Rating, access www.ambest.com.

ProAssurance Corporation holds approximately $5.7 billion in assets and $4.6 billion in liabilities (as of 12/31/22). We take our commitment seriously. You can feel confident about your investment backed by a history of financial strength.

Learn more about AM Best financial ratings.

ProAssurance Group Rating Agency Reports:

AM Best	Rated A (Excellent) Issuer Credit Rating: a+ with Stable Outlook Information current as of May 23, 2023
Fitch Ratings	Financial Strength Rating: A- (Strong) with Negative Outlook ProAssurance Corporation Issuer Default Rating: BBB- Information current as of May 7, 2021
Moody's Investors Service	Rated A3 for Financial Strength with Negative Outlook Strong Operating and Claim Handling Profitability Information current as of October 7, 2020
Standard and Poor's (S&P)	Top-five market share in the U.S. in medical professional liability Issuer Credit Rating: BBB- (Adequate) Information current as of March 5, 2020

ProAssurance Subsidiaries' AM Best* Ratings:

ProAssurance Indemnity Company, Inc.	Financial Strength Rating: A (Excellent) with Stable Outlook Issuer Credit Rating: a+ with Stable Outlook Information current as of May 23, 2023
ProAssurance Casualty Company	Financial Strength Rating: A (Excellent) with Stable Outlook Issuer Credit Rating: a+ rating with Stable Outlook Information current as of May 23, 2023
ProAssurance Specialty Insurance Company	Financial Strength Rating: A (Excellent) with Stable Outlook Issuer Credit Rating: a+ with Stable Outlook Information current as of May 23, 2023
ProAssurance Insurance Company of America	Financial Strength Rating: A (Excellent) with Stable Outlook Issuer Credit Rating: a+ with Stable Outlook Information current as of May 23, 2023
ProAssurance American Mutual, A Risk Retention Group	Financial Strength Rating: A (Excellent) with Stable Outlook Issuer Credit Rating: a+ with Stable Outlook Information current as of May 23, 2023
Medmarc Casualty Insurance Company	Financial Strength Rating: A (Excellent) with Stable Outlook Issuer Credit Rating: a+ with Stable Outlook Information current as of May 23, 2023
Eastern Alliance Insurance Group	Financial Strength Rating: A (Excellent) with Stable Outlook Issuer Credit Rating: a+ with Stable Outlook Information current as of May 23, 2023
NORCAL Insurance Company	Financial Strength Rating: A (Excellent) with Stable Outlook Issuer Credit Rating: a+ with Stable Outlook Information current as of May 23, 2023
NORCAL Specialty Insurance Company	Financial Strenght Rating: A (Excellent) with Stable Outlook Issuer Credit Rating: a+ with Stable Outlook Information current as of May 23, 2023

*The Best's Rating Report(s) reproduced on this site appear under license from AM Best and do not constitute, either expressly or implied, an endorsement of (Licensee)'s products or services. AM Best is not responsible for transcription errors made in presenting Best's Rating Reports. Best’s Rating Reports are copyright © AM Best Company and may not be reproduced or distributed without the express written permission of AM Best Company. Visitors to this web site are authorized to print a single copy of the Best’s Rating Report(s) displayed here for their own personal use. Any other printing, copying or distribution is strictly prohibited.

Best's Ratings are under continuous review and subject to change and/or affirmation. To confirm the current rating, please visit the AM Best web site, AMBest.com.

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M2925D-1K-316

Financial Information

Financial Highlights

Financial Statements

Financial Charting

Quarterly Investment Supplements

Financial Ratings

Statutory Filings

2021 Annual Report

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