BIRMINGHAM, Ala., May 23, 2018 /PRNewswire/ -- The Board of
Directors of ProAssurance Corporation (NYSE: PRA) has declared a
cash dividend of $0.31 per common
share, payable on
July 10, 2018 to shareholders who own
our stock as of June 22, 2018.
Our dividend policy anticipates a total annual dividend of
$1.24 per share, to be paid in equal
quarterly installments. However, any decision to pay future cash
dividends will be subject to the Board's final determination after
a comprehensive review of the company's financial performance,
future expectations and other factors deemed relevant by the
Board.
About ProAssurance
ProAssurance Corporation is an
industry-leading specialty insurer with extensive expertise in
healthcare professional liability, products liability for medical
technology and life sciences, legal professional liability, and
workers' compensation insurance. The company is recognized as one
of the top performing insurance companies in America by virtue of
our inclusion in the Ward's 50 for the past eleven years.
ProAssurance Group is rated "A+" (Superior) by A.M. Best;
ProAssurance and its operating subsidiaries are rated "A" (Strong)
by Fitch Ratings.
For the latest on ProAssurance and its industry-leading suite of
products and services, cutting edge risk management and practice
enhancement programs, follow @ProAssurance on Twitter or LinkedIn.
ProAssurance's YouTube channel regularly presents thought
provoking, insightful videos that communicate effective practice
management, patient safety and risk management strategies.
Caution Regarding Forward-Looking
Statements
Statements in this news release that are not
historical fact or that convey our view of future business, events
or trends are specifically identified as forward-looking
statements. Forward-looking statements are based upon our estimates
and anticipation of future events and highlight certain risks and
uncertainties that could cause actual results to vary materially
from our expected results. We expressly claim the safe harbor
provisions of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, for any forward-looking statements in this news release.
Forward-looking statements represent our outlook only as of the
date of this news release. Except as required by law or regulation,
we do not undertake and specifically decline any obligation to
publicly release the result of any revisions that may be made to
any forward-looking statements to reflect events or circumstances
after the date of such statements or to reflect the occurrence of
anticipated or unanticipated events.
There are a number of risk factors that may cause outcomes that
differ from our expectations or projections. These are described in
detail in various documents filed by ProAssurance Corporation with
the Securities and Exchange Commission, such as current reports on
Form 8-K, and regular reports on Forms 10-Q and 10-K, particularly
in "Item 1A, Risk Factors."
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SOURCE ProAssurance Corporation