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Balance Sheet Cash Flow Statement 100 Brookwood Place, Ste. 500 Birmingham, AL 35209 AL Tel. 205-877-4400 Toll Free 800-282-6242 Fax 205-802-4710 |
Type: Public
On the web:
http://www.proassurance.com
Employees:
551
Employee growth: (6.1%)
For every kid who wants to be a doctor, dentist, or nurse, ProAssurance is here to protect. One of the largest medical liability insurance providers in the US, ProAssurance is the holding company for Medical Assurance and other subsidiaries. Medical Assurance sells medical malpractice liability insurance for health care providers, primarily in the South, Mid-Atlantic, and Midwest. Its customers include individual doctors in private practice, as well as large physician groups and hospitals. Its Red Mountain Casualty Insurance subsidiary writes excess and surplus (higher risk) lines of medical professional liability insurance. ProAssurance utilizes direct marketing and independent agents to sell its products.
Key numbers for fiscal year ending December, 2008:
Sales: $567.2M
One year growth: (19.7%)
Net income: $177.7M
Income growth: 5.7%
Officers:
Chairman and CEO: W. Stancil (Stan) Starnes
Vice Chairman, President, and COO: Victor T. Adamo
SVP Finance and CFO: Edward L. (Ned) Rand Jr.
Competitors:
Berkshire Hathaway
The Doctors Company
State Volunteer Mutual Insurance
