ProAssurance Corporation (PRA) in Third Avenue Small Cap Value Fund Q3 2024

Leading Specialty Insurer with Strong Risk Management

Apr 14, 2025

Summary

Investment rationale centers on expertise in specialty insurance and risk management.
Well-positioned in the medical professional liability insurance market.
Risks include regulatory changes and competitive pressures.
Recent performance driven by disciplined underwriting and risk management.
Future outlook remains strong with focus on expanding specialty lines.

ProAssurance Corporation (PRA, Financial) was featured in the Third Avenue Small Cap Value Fund's Q3 2024 commentary as a key holding, highlighting its leadership in the specialty insurance sector. The fund's management team, led by the Third Avenue Small Cap Value Team, noted ProAssurance's strong risk management practices and its strategic focus on expanding its specialty insurance lines.

"ProAssurance's expertise in specialty insurance and disciplined risk management make it a valuable component of our small-cap value portfolio." — Third Avenue Small Cap Value Team, Third Avenue Small Cap Value Fund Q3 2024 Commentary

Read full letter at gurufocus third avenue small cap value fund q3 2024 commentary 2024 Q3 page.

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