Proassurance Corporation · NYSE:PRA
Proassurance — Raymond James 2018 Institutional Investor Conference
13 slides from Proassurance's conference presentation, Mar 5, 2018
Slide 1: 2018 Institutional Investor Conference
March 6, 2018 Edward L. Rand, Jr. Chief Operating Officer & Chief Financial Officer Frank B. O’Neil Senior Vice President & Chief Communications Officer 2018 INSTITUTIONAL INVESTOR CONFERENCE
Slide 2: Forward Looking Statements and Non-GAAP Measures
1 Presentation to Investors, 2018 Raymond James Investor Conference | March 6, 2018 Forward Looking Statements Non - GAAP Measures This presentation contains Forward Looking Statements and other information designed to convey our projections and expectations regarding future results. There are a num
Slide 3: Financial Update: Recap of 2017 Results
Financial Update Recap of 2017 Results Reported February 21, 2018
Slide 4: 2017 Highlights: Profitability
3 Presentation to Investors, 2018 Raymond James Investor Conference | March 6, 2018 2017 Highlights: Profitability Premium Growth in all operating segments Solid New Business Writing s Includes $16.3 million of new business from our coordinated sales & marketing efforts Broker submissions up 22% ove
Slide 5: 2017 Income Statement Highlights
4 Presentation to Investors, 2018 Raymond James Investor Conference | March 6, 2018 2017 Income Statement Highlights Strong results from a focused strategy Three - Months Ended Year Ended December 31 2017 2016 2017 2016 Gross Premiums Written $191.8 $187.5 $874.9 $835.0 Net Investment Result $25.6 $
Slide 6: Balance Sheet Highlights
5 Presentation to Investors, 2018 Raymond James Investor Conference | March 6, 2018 Balance Sheet Highlights Maintaining the financial strength required to keep our insurance promise while continuing to create value for our shareholders 2017 2016 2015 2014 2013 Shareholders’ Equity $1.6 $1.8 $2.0 $2
Slide 7: Strong Operational Results / Consistent Profitability
6 Presentation to Investors, 2018 Raymond James Investor Conference | March 6, 2018 Strong Operational Results / Consistent Profitability Combined ratio average 2009 - 2017: 75.2% Operating ratio average 2009 - 2017: 53.8% Combined Ratio and Operating Ratio History 69.1% 68.0% 52.5% 57.3% 70.6% 82.1
Slide 8: Key Themes for ProAssurance
Key Themes for ProAssurance
Slide 9: Key Themes
8 Presentation to Investors, 2018 Raymond James Investor Conference | March 6, 2018 Key Themes Long Term Success Consistent & disciplined focus on profitability Demonstrated track record of value creation for shareholders Proven Strategy World class knowledge & expertise Superior brand identity and
Slide 10: Specialty P&C Strategy & Outlook
9 Presentation to Investors, 2018 Raymond James Investor Conference | March 6, 2018 Specialty P&C Strategy & Outlook Profitability across the market cycles Average Combined Ratio since 1991: 87.2% vs. industry 106.7% Increasing premium retention and higher pricing on renewals may signal a shift in m
Slide 11: Workers' Compensation Strategy & Outlook
10 Presentation to Investors, 2018 Raymond James Investor Conference | March 6, 2018 Workers’ Compensation Strategy & Outlook Continuing profitability in a challenging market Average Combined Ratio 2008 - 2017: 88.5% Solid retention despite price competition reflects Eastern’s success in service del
Slide 12: Lloyd's Syndicate Strategy & Outlook
11 Presentation to Investors, 2018 Raymond James Investor Conference | March 6, 2018 Lloyd’s Syndicate Strategy & Outlook Special Purpose Arrangement (SPA) began writing business in 2 018 as Syndicate 6131 Business written through Syndicate 1729, 60% ceded to the SPA Planned premium is $22 million B
Slide 13: How the Tax Changes Affect ProAssurance
12 Presentation to Investors, 2018 Raymond James Investor Conference | March 6, 2018 How the Tax Changes Affect ProAssurance New Corporate Tax Rate 21% 100% Bonus Depreciation Known Effects Deferred Tax Assets Revalued $6.5 Million Charge in Q4 2017 Executive Comp Deduction $3.5 Million Charge in Q4
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