Proassurance layoffs, on the record
Every job cut, severance charge and restructuring Proassurance reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 1,094 to 1,036.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 1,094 | December 31, 2023 |
| 10-K for 2024 | 1,036 | At December 31, 2024 |
Job cuts, severance and restructuring
Our summaryRestructuring of the Small Business Unit line of business within the Specialty P&C segment was planned for 2024, with a focus on automating specific products.
Word for word“In 2024, we plan to restructure the Small Business Unit line of business within our Specialty P&C segment and focus on the automation of specific products.” 10-K for 2023
Our summaryOne-time expenses in 2022, mainly comprised of one-time bonuses, employee severance charges and lease exit costs, were recorded in the Specialty P&C segment.
Word for word“Furthermore, the decrease in cash paid for operating expenses reflected the prior year impact of one-time expenses of $3.9 million in our Specialty P&C segment.” 10-K for 2023
Proassurance has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
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.