ProAssurance Corp. (PRA) 2011年年度报告「NYSE」.pdf

1、 2011 ANNUAL REPORTEXTRAORDINARY PEOPLEDELIVERING THE PROMISE OF TREATED FAIRLY$4.90$4.78$6.07$5.22$6.49$6.70$6.82$7.20FINANCIAL HIGHLIGHTS(IN THOUSANDS)Income Statement Highlights(1)Gross premiums written Net premiums earnedTotal revenues(2)Net losses and loss adjustment expensesOperating Income(4)

2、Net income(3)Balance Sheet HighlightsTotal investments Total assets Reserve for losses and loss adjustment expensesLong-term debt Total liabilities (1)Includes acquired entities since date of acquisition only.APS was acquired on November 30,2010.PICA was acquired on April 1,2009(2)Includes a gain on

3、 extinguishment of debt of$4.6 million for the year ended December 31,2008(3)Includes a loss on extinguishment of debt of$2.8 million for the year ended December 31,2009 and a gain on extinguishment of debt of$4.6 million for the year ended December 31,2008 (4)See Page 152 for a reconcilation of Ope

4、rating Income to GAAP FISCAL YEARS ENDED DECEMBER 312010$533,205$519,107$692,065$221,115$219,457$231,598$3,990,431$4,875,056$2,414,100$51,104$3,019,1932009$553,922$497,543$672,683$231,068$215,210$222,026$3,838,222$4,647,414$2,422,230$50,203$2,942,819 2008$471,482$459,278$567,162$211,499$206,980$177,

5、725$3,575,942$4,280,938$2,379,468$34,930$2,857,3532007$549,074$533,513$706,068$350,997$172,406$168,186$3,639,395$4,440,808$2,559,707$164,158$3,185,7382011$565,895$565,415$716,784$162,287$278,514$287,096$4,090,541$4,998,878$2,247,772$49,687$2,834,425$38.69$70.84$60.35$52.59$42.69$1,255$2,164$1,856$1,

6、705$1,424$4,441$4,999$4,875$4,647$4,281$9.03$9.3109(1)See Page 152 for reconciliation of Operating Measures to GAAP(2)Total capital per share of common stock outstandingFISCAL YEARS ENDED DECEMBER 31OPERATING INCOME PER DILUTED SHARE(1)NET INCOME PER DILUTED SHARE091011080707081011091011080709101108