ProAssurance Non Current Liabilities Total vs Retained Earnings Analysis

PRA Stock  USD 16.72  0.01  0.06%   
ProAssurance financial indicator trend analysis is much more than just breaking down ProAssurance prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ProAssurance is a good investment. Please check the relationship between ProAssurance Non Current Liabilities Total and its Retained Earnings accounts. 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.

Non Current Liabilities Total vs Retained Earnings

Non Current Liabilities Total vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ProAssurance Non Current Liabilities Total account and Retained Earnings. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between ProAssurance's Non Current Liabilities Total and Retained Earnings is -0.25. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of ProAssurance, assuming nothing else is changed. The correlation between historical values of ProAssurance's Non Current Liabilities Total and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of ProAssurance are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Non Current Liabilities Total i.e., ProAssurance's Non Current Liabilities Total and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.25
Relationship DirectionNegative 
Relationship StrengthInsignificant

Non Current Liabilities Total

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from ProAssurance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ProAssurance current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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.At present, ProAssurance's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 115.77, whereas Tax Provision is forecasted to decline to (3.2 M).
 2021 2022 2023 2024 (projected)
Gross Profit1.1B1.1B1.1B648.0M
Total Revenue1.1B1.1B1.1B648.1M

ProAssurance fundamental ratios Correlations

0.730.030.77-0.240.160.140.120.920.62-0.89-0.890.450.040.380.55-0.530.6-0.15-0.140.380.020.650.540.310.13
0.73-0.340.95-0.630.310.470.270.410.6-0.79-0.79-0.080.290.610.58-0.140.220.160.18-0.14-0.450.310.6-0.24-0.35
0.03-0.34-0.330.46-0.19-0.32-0.260.230.180.00.010.580.1-0.2-0.51-0.520.2-0.23-0.250.420.460.18-0.520.370.42
0.770.95-0.33-0.530.410.450.20.480.61-0.81-0.81-0.030.180.590.53-0.130.250.30.32-0.09-0.370.320.54-0.19-0.25
-0.24-0.630.46-0.53-0.35-0.15-0.240.04-0.180.120.120.57-0.36-0.18-0.49-0.180.07-0.14-0.150.430.93-0.05-0.520.40.64
0.160.31-0.190.41-0.350.31-0.370.040.3-0.23-0.23-0.090.06-0.25-0.130.14-0.10.720.730.12-0.540.0-0.14-0.340.26
0.140.47-0.320.45-0.150.310.41-0.080.53-0.42-0.42-0.180.240.240.070.49-0.450.290.29-0.32-0.13-0.440.06-0.690.01
0.120.27-0.260.2-0.24-0.370.410.010.24-0.07-0.07-0.350.390.150.30.47-0.24-0.24-0.24-0.49-0.04-0.350.31-0.36-0.45
0.920.410.230.480.040.04-0.080.010.49-0.75-0.750.65-0.120.160.41-0.630.68-0.29-0.290.580.280.690.390.560.37
0.620.60.180.61-0.180.30.530.240.49-0.74-0.740.080.590.32-0.05-0.2-0.020.180.19-0.09-0.06-0.05-0.04-0.340.07
-0.89-0.790.0-0.810.12-0.23-0.42-0.07-0.75-0.741.0-0.4-0.16-0.5-0.370.45-0.37-0.02-0.04-0.27-0.08-0.44-0.36-0.1-0.17
-0.89-0.790.01-0.810.12-0.23-0.42-0.07-0.75-0.741.0-0.4-0.16-0.5-0.370.45-0.37-0.02-0.04-0.27-0.07-0.44-0.36-0.1-0.16
0.45-0.080.58-0.030.57-0.09-0.18-0.350.650.08-0.4-0.4-0.42-0.110.03-0.610.63-0.32-0.320.870.660.64-0.010.690.73
0.040.290.10.18-0.360.060.240.39-0.120.59-0.16-0.16-0.420.07-0.310.12-0.470.090.11-0.53-0.34-0.46-0.27-0.49-0.39
0.380.61-0.20.59-0.18-0.250.240.150.160.32-0.5-0.5-0.110.070.43-0.260.14-0.06-0.05-0.350.00.150.46-0.11-0.43
0.550.58-0.510.53-0.49-0.130.070.30.41-0.05-0.37-0.370.03-0.310.43-0.070.47-0.38-0.360.06-0.250.531.00.18-0.29
-0.53-0.14-0.52-0.13-0.180.140.490.47-0.63-0.20.450.45-0.610.12-0.26-0.07-0.70.310.3-0.61-0.32-0.75-0.07-0.7-0.29
0.60.220.20.250.07-0.1-0.45-0.240.68-0.02-0.37-0.370.63-0.470.140.47-0.7-0.21-0.190.720.250.940.450.670.17
-0.150.16-0.230.3-0.140.720.29-0.24-0.290.18-0.02-0.02-0.320.09-0.06-0.380.31-0.211.0-0.18-0.35-0.26-0.37-0.5-0.09
-0.140.18-0.250.32-0.150.730.29-0.24-0.290.19-0.04-0.04-0.320.11-0.05-0.360.3-0.191.0-0.18-0.37-0.24-0.35-0.5-0.11
0.38-0.140.42-0.090.430.12-0.32-0.490.58-0.09-0.27-0.270.87-0.53-0.350.06-0.610.72-0.18-0.180.460.740.010.730.74
0.02-0.450.46-0.370.93-0.54-0.13-0.040.28-0.06-0.08-0.070.66-0.340.0-0.25-0.320.25-0.35-0.370.460.12-0.280.510.55
0.650.310.180.32-0.050.0-0.44-0.350.69-0.05-0.44-0.440.64-0.460.150.53-0.750.94-0.26-0.240.740.120.520.730.21
0.540.6-0.520.54-0.52-0.140.060.310.39-0.04-0.36-0.36-0.01-0.270.461.0-0.070.45-0.37-0.350.01-0.280.520.15-0.34
0.31-0.240.37-0.190.4-0.34-0.69-0.360.56-0.34-0.1-0.10.69-0.49-0.110.18-0.70.67-0.5-0.50.730.510.730.150.4
0.13-0.350.42-0.250.640.260.01-0.450.370.07-0.17-0.160.73-0.39-0.43-0.29-0.290.17-0.09-0.110.740.550.21-0.340.4
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ProAssurance Account Relationship Matchups

ProAssurance fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.2B5.0B6.6B6.4B5.6B3.9B
Total Stockholder Equity1.9B1.7B1.9B1.8B1.1B1.3B
Property Plant And Equipment Net21.1M19.0M19.6M19.0M46.0M48.3M
Retained Earnings1.5B1.3B1.4B1.4B1.4B952.6M
Non Currrent Assets Other(90.2M)(108.1M)(170.4M)(4.2B)5.1B5.3B
Other Assets(1.8B)(2.0B)(3.1B)5.7B4.8B2.5B
Common Stock Shares Outstanding53.8M53.9M54.1M54.1M52.8M61.6M
Liabilities And Stockholders Equity5.2B5.0B6.6B6.4B5.6B3.9B
Other Stockholder Equity378.4M(27.8M)399.0M(21.3M)(66.1M)(62.8M)
Total Liab3.3B3.3B4.8B4.6B4.5B2.6B
Common Stock Total Equity630K631K632K633K569.7K541.2K
Common Stock631K632K633K634K636K604.2K
Other Liab1.8B2.5B3.8B3.6B4.2B4.4B
Accounts Payable52.9M40.0M22.6M28.5M24.0M22.8M
Cash175.4M215.8M143.6M30.0M65.9M103.6M
Short Term Investments2.6B2.8B4.1B3.7B235.8M224.0M
Short Long Term Debt Total307.9M304.8M715.8M447.0M444.3M281.0M
Other Current Liab(52.9M)(41.6M)(22.6M)(28.5M)2.9B1.7B
Total Current Liabilities52.9M40.0M22.6M20.0M3.0B1.8B
Net Debt132.5M89.0M302.2M417.0M378.4M397.3M
Non Current Assets Total3.6B3.4B4.8B326.0M5.6B5.8B
Long Term Debt285.8M284.7M425.0M427.0M302.1M237.0M
Cash And Short Term Investments2.8B3.0B4.2B3.7B65.9M62.6M
Net Receivables653.0M600.9M707.4M693.3M702.3M505.9M
Non Current Liabilities Total307.9M304.8M445.8M3.9B4.5B4.7B
Total Current Assets3.5B3.6B4.9B419.8M65.9M62.6M
Accumulated Other Comprehensive Income37.0M75.2M16.3M(298.6M)(204.5M)(194.3M)
Intangible Assets70.8M65.7M73.3M66.8M60.3M67.0M
Other Current Assets772.8M773.9M609.6M(4.0B)541.3M568.3M
Property Plant Equipment30.4M30.5M30.3M19.0M17.1M27.1M
Net Tangible Assets1.2B1.2B1.3B987.6M888.8M1.2B
Retained Earnings Total Equity1.6B1.5B1.3B1.4B1.3B1.3B
Long Term Debt Total285.8M284.7M425.0M427.0M491.0M308.5M
Capital Surpluse384.6M388.2M392.9M397.9M358.1M319.7M
Long Term Investments3.4B3.4B4.8B4.2B4.2B4.3B
Non Current Liabilities Other2.8B3.0B3.0B4.3B5.0B3.2B

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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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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.