Proassurance Corporation · NYSE:PRA
Proassurance — Investor Presentation (October 2014)
9 slides from Proassurance's investor presentation, Oct 1, 2014
Slide 1: Answering The Challenges We Face
September 30, 2014 Answering The Challenges We Face Edward L. Rand, Jr. Chief Financial Officer
Slide 2: Forward Looking Statements
Forward Looking Statements 2 This presentation contains Forward Looking Statements and other information designed to convey our projections and expectations regarding future results. There are a number of factors which could cause our actual results to vary materially from those projected in this pr
Slide 3: ProAssurance Corporate Profile
ProAssurance Corporate Profile 35 offices in three countries Writing in 50 states & DC Emerging international business Employees: 960 Legal entities: 32 Corporate Headquarters Claims Offices Claims / Underwriting Offices Underwriting Offices Lloyds Business Unit # of Offices # of Employees (approx.)
Slide 4: Healthcare Realities
Healthcare Realities American healthcare is wrestling with the question of cost vs. care — we can deliver far more care than we can afford Restructuring will produce profound changes in healthcare delivery Will affect almost every line of insurance we write Changes to reduce cost were underway befor
Slide 5: Healthcare Realities: Affordable Care Act
Healthcare Realities 5 The Affordable Care Act (ACA) is creating additional layers of complexity Healthcare delivery will be in continuous flux for years to come Will additional coverage under the ACA help or hurt Worker’s Compensation writers? Will the healthcare burden shift How will the addition
Slide 6: Insurance Industry Realities
Insurance Industry Realities 6 Insurance companies are awash in capital Especially true in HCPL given industrywide reserve development and claims trends Pressure is mounting to “do something” with it M&A — the hunter vs. the hunted Chase market share with low prices but disastrous long - term conseq
Slide 7: The ProAssurance Realities
The ProAssurance Realities 7 ProAssurance has always evolved ahead of the curve in our industry — we will continue that trend We have proven our ability to thrive across insurance cycles and safeguard those we insure The insurance cycle is a harsh mistress and will ultimately level the playing field
Slide 8: Our Strategies
Our Strategies We continue building a platform that will allow us to serve the broad spectrum of evolving risk Prudently leveraging our success and experience with the addition of specialized expertise Deliver broad capabilities to meet evolving demands Acquiring traditional HCPL companies will deep
Slide 9: Our Strategies: Bring new capabilities to the market
Our Strategies 9 Bring new capabilities to the market Alternative risks — we can meet any need, all the way to a full captive solution Enhanced with the expertise of Eastern ProAssurance Risk Solutions sm Newly hired industry veterans with proven expertise in complex risk financing Will capitalize o