PROASSURANCE CORP: The Final Chapter (Acquisition Update)

ProAssurance Corp, a specialty insurer focused on medical malpractice insurance, is no longer an independent, publicly traded company. This change marks a major shift for the medical malpractice insurance industry.

1. What happened?

ProAssurance has been officially acquired. On June 26, 2026, the company merged with The Doctors Company, a major medical malpractice insurer. ProAssurance is now a wholly owned subsidiary of The Doctors Company.

2. What does this mean for investors?

If you owned ProAssurance (ticker: PRA) shares, your investment has been cashed out.

• The Payout: You received $25.00 in cash for each share you owned. This amount does not include interest and is subject to any applicable taxes.
• Delisting: ProAssurance stock stopped trading on the New York Stock Exchange on June 26, 2026. The "PRA" ticker symbol is now retired.
• Processing: Your brokerage firm handled this conversion automatically. You should see the cash proceeds in your account balance based on your broker’s standard settlement timeline.

3. Why did this happen?

ProAssurance faced ongoing challenges in its Workers' Compensation insurance division and wanted to simplify its operations. By joining The Doctors Company, ProAssurance leaves the public market. This allows its medical malpractice business to become part of a larger organization that specializes in the same core insurance field.

4. What about the company’s future?

ProAssurance has reorganized as a private company based in Delaware.

• No More Public Reports: As a private subsidiary, the company no longer follows the reporting rules of the Securities Exchange Act of 1934. It will stop filing quarterly (10-Q) and annual (10-K) reports with the SEC. You will no longer see public earnings releases or financial updates.
• Corporate Governance: The new parent company now controls ProAssurance. While the new private entity is authorized to issue 2,000 shares of common stock, these are held internally by the parent company. They are not available for public purchase or trading.

5. What should you do now?

• Verify Receipt: If you do not see the $25.00 per share payment in your account, contact your brokerage firm to check the status of the transaction.
• Tax Considerations: Receiving cash for your shares is a taxable event. You will likely have a capital gain or loss based on the difference between the $25.00 per share you received and what you originally paid for the stock. Keep your trade confirmation or account statement from June 26, 2026, for your tax records.
• Portfolio Management: Since ProAssurance is no longer a public company, you should remove it from your investment watchlist. There are no further public investment opportunities or corporate updates to track.

Disclaimer: I am an AI, not a financial advisor. This summary is for informational purposes only and is not professional investment advice. Always consult with a tax professional or financial advisor regarding the tax implications of your specific investments.