ProAssurance

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.

A.M. Best logoProAssurance Group, rated A+ (Superior) by A.M. Best, has a long record of being among the most financially strong healthcare liability providers in the business. 

ProAssurance Corporation holds approximately $5.1 billion in assets and $3.3 billion in liabilities (as of 12/31/16). We take our commitment seriously. You can feel confident about your investment backed by a history of financial strength.

ProAssurance Group Rating Agency Reports:

A.M. Best

  • Rated A+ (Superior)
  • Issuer Credit Rating: aa- with Stable Outlook

Information current as of Sep. 6, 2017

Fitch Ratings

  • Financial Strength Rating: A (Strong) with Stable Outlook
  • ProAssurance Corporation Issuer Default Rating: A-

Information current as of July 13, 2017

Moody's Investors Service

  • Rated A2 for Financial Strength with Stable Outlook
  • Strong Operating and Claim Handling Profitability

Information current as of Sept. 30, 2016

Standard and Poor's (S&P)

  • Top-five market share in the U.S. in medical professional liability
  • Extremely Strong Financial Risk Profile
  • Capital redundant 'AAA' (Superior)

Information current as of Dec. 14, 2015

ProAssurance Subsidiaries' A.M. Best* Ratings:

ProAssurance Indemnity Company, Inc.

  • Financial Strength Rating: A+ (Superior) with Stable Outlook
  • Issuer Credit Rating: aa- with Stable Outlook

Information current as of Sep. 6, 2017

ProAssurance Casualty Company

 

  • Financial Strength Rating: A+ (Superior) with Stable Outlook
  • Issuer Credit Rating: aa- rating with Stable Outlook

Information current as of Sep. 6, 2017

ProAssurance Specialty Insurance Company, Inc.

  • Financial Strength Rating: A+ (Superior) with Stable Outlook
  • Issuer Credit Rating: aa- with Stable Outlook

Information current as of Sep. 6, 2017

Podiatry Insurance Company of America

  • Financial Strength Rating: A+ (Superior) with Stable Outlook
  • Issuer Credit Rating: aa- with Stable Outlook

Information current as of Sep. 6, 2017

Medmarc Casualty Insurance Company

  • Financial Strength Rating: A+(Superior) with Stable Outlook
  • Issuer Credit Rating: aa- with Stable Outlook

Information current as of Sep. 6, 2017

Eastern Alliance Insurance Group 

  • Financial Strength Rating: A (Excellent) with Stable Outlook
  • Issuer Credit Rating: a+ with Stable Outlook

Information current as of Sep. 6, 2017

 

*The Best's Rating Report(s) reproduced on this site appear under license from A.M. Best and do not constitute, either expressly or implied, an endorsement of (Licensee)'s products or services. A.M. Best is not responsible for transcription errors made in presenting Best's Rating Reports. Best’s Rating Reports are copyright © A.M. Best Company and may not be reproduced or distributed without the express written permission of A.M. 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 A.M. Best web site, www.ambest.com.

 The Ward's 50®

Ward's 50 logo

ProAssurance has been selected as a Ward's 50® top insurance company since 2007. Ward Group annually selects America's top 50 property-casualty insurance companies based on financial stability, asset quality and capital position, revenue growth, underwriting results, financial returns, and operational excellence.

Working with nearly 2,900 property-casualty insurers in the U.S., Ward Group used demanding and objective criteria to rate financial performance. This consistency differentiates ProAssurance's ability to help protect you and/or your entity from risk. Visit the Ward Group website to learn more about Ward's 50®.

Download the Ward's 50® flyer to learn more

M4012W