On the Record · Proassurance
Proassurance acquisitions, on the record
The businesses Proassurance bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
underwriting and operations entity associated with Syndicate 1729Word for word“Furthermore, we received proceeds of $6.8 million during 2023 associated with the sale of our remaining ownership interest in the underwriting and operations entity associated with Syndicate 1729 to unrelated third parties.” 10-K for 2023 | divestiture | during 2023 | $6.8 million |
NORCAL Insurance CompanyWord for word“the most recent and significant of which was the acquisition of NORCAL Insurance Company on May 5, 2021.” 10-K for 2023 | acquisition | May 5, 2021 | — |
remaining ownership interest in the underwriting and operations entity associated with Syndicate 1729Word for word“The prior year impact of proceeds of $6.9 million received in 2023 associated with the sale of our remaining ownership interest in the underwriting and operations entity associated with Syndicate 1729 to unrelated third parties.” 10-K for 2024 | divestiture | — | $6.9 million |
Franklin, TN propertyWord for word“In January 2025, ProAssurance accepted an offer for the sale of the Franklin, TN property to a third-party for approximately $19.5 million.” 10-K for 2024 | agreed divestiture | — | approximately $19.5 million |
Renewal rights related to legal professional liability book of businessWord for word“Non-operating income reflects proceeds of $1.0 million associated with the sale of the renewal rights related to our legal professional liability book of business to an unrelated third party in the second quarter of 2025 as well as a gain of $2.2 million associated with the sale of our Franklin, TN property to an unrelated third party in the first quarter of 2025.” 10-K for 2025 | divestiture | second quarter of 2025 | proceeds of $1.0 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) |
|---|---|
| 2019-12-31 | $0 |
| 2020-12-31 | $0 |
| 2021-12-31 | $221.6 million |
| 2022-12-31 | $0 |
| 2023-12-31 | $0 |
Deal filings since 2016
- 2026-06-26 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2025-03-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-05-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-02-27 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-07-15 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-05-06 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-04-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-02-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-11-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Proassurance’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-23. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.