Magnus Gorrie - ProAssurance Independent Director

PRA Stock  USD 15.66  0.30  1.88%   

Director

Mr. Magnus James Gorrie is an Independent Director of ProAssurance Corporationrationration. Mr. Gorrie has served as a director of ProAssurance since May 2012 since 2012.
Age 57
Tenure 12 years
Address 100 Brookwood Place, Birmingham, AL, United States, 35209
Phone205 877 4400
Webhttps://www.proassurance.com
Gorrie is the President and Chief Executive Officer of Brasfield & Gorrie, Inc. in Birmingham, Alabama, a construction firm with recent annual revenues in excess of $2 billion. He holds a B.S. in Building Science from Auburn University and serves as a Director of First Commercial Bank, one of the largest community banks in the Southeast) and was a director of Energen Corporationration prior to its acquisition by Diamondback Energy in 2018.

ProAssurance Management Efficiency

The current year's Return On Tangible Assets is expected to grow to -0.0066. In addition to that, Return On Capital Employed is expected to decline to 0. At present, ProAssurance's Non Currrent Assets Other are projected to increase significantly based on the last few years of reporting. The current year's Non Current Assets Total is expected to grow to about 5.8 B, whereas Total Assets are forecasted to decline to about 3.9 B. ProAssurance's management efficiency ratios could be used to measure how well ProAssurance manages its routine affairs as well as how well it operates its assets and liabilities.
ProAssurance has 444.31 M in debt with debt to equity (D/E) ratio of 0.38, which is OK given its current industry classification. ProAssurance has a current ratio of 2.39, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Note however, debt could still be an excellent tool for ProAssurance to invest in growth at high rates of return.

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ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company was founded in 1976 and is headquartered in Birmingham, Alabama. Pro-Assurance Corp operates under InsuranceProperty Casualty classification in the United States and is traded on New York Stock Exchange. It employs 1021 people. ProAssurance (PRA) is traded on New York Stock Exchange in USA. It is located in 100 Brookwood Place, Birmingham, AL, United States, 35209 and employs 1,094 people. ProAssurance is listed under Property & Casualty Insurance category by Fama And French industry classification.

Management Performance

ProAssurance Leadership Team

Elected by the shareholders, the ProAssurance's board of directors comprises two types of representatives: ProAssurance inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ProAssurance. The board's role is to monitor ProAssurance's management team and ensure that shareholders' interests are well served. ProAssurance's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ProAssurance's outside directors are responsible for providing unbiased perspectives on the board's policies.
Edward Rand, President, Chief Executive Officer, Director
Jeffrey Lisenby, Executive Vice President, General Counsel, Corporate Secretary, head of the corporate Legal Department
Dana CPA, Treasurer VP
CPA Rand, CEO President
Scott Syphax, Director
Samuel Piazza, Independent Director
Maye Frei, Independent Director
Jeffrey Esq, General EVP
Frank Spinosa, Independent Director
Heather Wietzel, Senior Relations
Katisha Vance, Independent Director
Ross DPM, President America
Fabiola Cobarrubias, Director
Kathryn Esq, Chief VP
Magnus Gorrie, Independent Director
SPHR CCP, Chief VP
Darryl Thomas, Senior Officer
Frank ONeil, Senior Vice President Chief Communications Officer and Investor Relations
Kedrick Adkins, Independent Director
Kevin Shook, President of Eastern subsidiary
Noreen Dishart, Chief Human Resources Officer, Executive Vice President
Michael CPCU, Pres Segment
Ziad Haydar, Independent Director
Robert Flowers, Lead Independent Director
CPA CPA, Treasurer VP
Michael Stoeckert, CTO VP
William Starnes, Chairman of the Board and Presidentident, CEO
Luke DPM, Chief Director
Michael Boguski, President of ProAssurance’s Specialty P&C Operations
Dana Hendricks, Chief Financial Officer, Executive Vice President, Corporate Treasurer
Karen JD, President Sciences
Bruce Angiolillo, Independent Director
Frank IRC, Senior Relations
Robert Francis, President Liability
Thomas Wilson, Lead Independent Director
Lawrence Cochran, Head Officer
Kevin CPA, President Group
Ross Taubman, President Chief Medical Officer of PICA

ProAssurance Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is ProAssurance a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether ProAssurance offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ProAssurance's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Proassurance Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Proassurance Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ProAssurance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For information on how to trade ProAssurance Stock refer to our How to Trade ProAssurance Stock guide.
You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Is Property & Casualty Insurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ProAssurance. If investors know ProAssurance will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ProAssurance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.519
Earnings Share
0.83
Revenue Per Share
22.73
Quarterly Revenue Growth
0.034
Return On Assets
0.0095
The market value of ProAssurance is measured differently than its book value, which is the value of ProAssurance that is recorded on the company's balance sheet. Investors also form their own opinion of ProAssurance's value that differs from its market value or its book value, called intrinsic value, which is ProAssurance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ProAssurance's market value can be influenced by many factors that don't directly affect ProAssurance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ProAssurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProAssurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProAssurance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.