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November 26, 2024 Reinsurance No comments

"ProAssurance America Mutual A Risk Retention Group","PNC QS","2024 09 30" Annual Statutory Statement

U.S. Markets via PUBT

STATEMENT AS OF SEPTEMBER 30, 2024 OF THE PROASSURANCE AMERICAN MUTUAL, A RISK RETENTION

GROUP

ASSETS

	Current Statement Date		4
1	2	3	December 31

		Net Admitted Assets	Prior Year Net
Assets	Nonadmitted Assets	(Cols. 1 - 2)	Admitted Assets

1.	Bonds	10,389,176	10,389,176	10,194,116
2.	Stocks:
	2.1	Preferred stocks		0	0
	2.2	Common stocks		0	0
3.	Mortgage loans on real estate:
	3.1	First liens		0	0
	3.2	Other than first liens		0	0

4. Real estate:

4.1 Properties occupied by the company (less

	$		encumbrances)				0	0
	4.2 Properties held for the production of income
	(less $		encumbrances)			0	0
	4.3 Properties held for sale (less
	$		encumbrances)				0	0
5.	Cash ($	(597,004) ),
	cash equivalents ($		3,040,392	)
	and short-term investments ($	399,507 )	2,842,895		2,842,895	2,697,754
6.	Contract loans (including $		premium notes)			0	0
7.	Derivatives				0		0	0
8.	Other invested assets			0		0	0
9.	Receivables for securities					0	0
10.	Securities lending reinvested collateral assets			0	0
11.	Aggregate write-ins for invested assets		0	0	0	0
12.	Subtotals, cash and invested assets (Lines 1 to 11)	13,232,071	0	13,232,071	12,891,870
13.	Title plants less $			charged off (for Title insurers
	only)						0	0
14.	Investment income due and accrued		35,227		35,227	23,163

15. Premiums and considerations:

15.1 Uncollected premiums and agents' balances in the course of

	collection				793,455	119	793,336	7,748
	15.2 Deferred premiums, agents' balances and installments booked but
	deferred and not yet due (including $		earned
	but unbilled premiums)				641,844		641,844	901,635
	15.3 Accrued retrospective premiums	($	) and
	contracts subject to redetermination ($	)			0	0
16.	Reinsurance:
	16.1 Amounts recoverable from reinsurers		117,574		117,574	143,998
	16.2 Funds held by or deposited with reinsured companies				0	0
	16.3 Other amounts receivable under reinsurance contracts				0	0
17.	Amounts receivable relating to uninsured plans				0	0
18.1 Current federal and foreign income tax recoverable and interest thereon	62,310		62,310	0
18.2 Net deferred tax asset				81,744	3,093	78,651	32,611
19.	Guaranty funds receivable or on deposit				0	0
20.	Electronic data processing equipment and software				0	0
21.	Furniture and equipment, including health care delivery assets
	($	)					0	0
22.	Net adjustment in assets and liabilities due to foreign exchange rates			0	0
23.	Receivables from parent, subsidiaries and affiliates				0	0
24.	Health care ($		) and other amounts receivable			0	0
25.	Aggregate write-ins for other-than-invested assets		6,190	479	5,711	711
26.	Total assets excluding Separate Accounts, Segregated Accounts and
	Protected Cell Accounts (Lines 12 to 25)		14,970,415	3,691	14,966,724	14,001,736
27.	From Separate Accounts, Segregated Accounts and Protected
	Cell Accounts						0	0
28.	Total (Lines 26 and 27)				14,970,415	3,691	14,966,724	14,001,736
	DETAILS OF WRITE-INS
1101.
1102.
1103.
1198.	Summary of remaining write-ins for Line 11 from overflow page		0	0	0	0
1199.	Totals (Lines 1101 through 1103 plus 1198) (Line 11 above)		0	0	0	0
2501.	State premium tax recoverable			5,000		5,000	0
2502.	State income tax recoverable			711		711	711
2503.	Deductible receivable				479	479	0	0
2598.	Summary of remaining write-ins for Line 25 from overflow page		0	0	0	0
2599.	Totals (Lines 2501 through 2503 plus 2598) (Line 25 above)		6,190	479	5,711	711

STATEMENT AS OF SEPTEMBER 30, 2024 OF THE PROASSURANCE AMERICAN MUTUAL, A RISK RETENTION

GROUP

LIABILITIES, SURPLUS AND OTHER FUNDS

							1	2
							Current	December 31,
							Statement Date	Prior Year
1.	Losses (current accident year $	98,111 )				1,151,363	1,108,998
2.	Reinsurance payable on paid losses and loss adjustment expenses					0
3.	Loss adjustment expenses						574,986	553,028
4.	Commissions payable, contingent commissions and other similar charges			139,499	59,424
5.	Other expenses (excluding taxes, licenses and fees)				57,519	53,927
6.	Taxes, licenses and fees (excluding federal and foreign income taxes)					37,236
7.1Current federal and foreign income taxes (including $		on realized capital gains (losses))		37,486
7.2 Net deferred tax liability							0
8.	Borrowed money $		and interest thereon $					0
9.	Unearned premiums (after deducting unearned premiums for ceded reinsurance of $	2,854,138	and
	including warranty reserves of $	0 and accrued accident and health experience rating refunds
	including $	0 for	medical loss ratio rebate per the Public Health Service Act)		86,470	100,558
10.	Advance premium						27,769	2,080
11.	Dividends declared and unpaid:
	11.1 Stockholders							0
	11.2 Policyholders							0
12.	Ceded reinsurance premiums payable (net of ceding commissions)				1,187,938	483,692
13.	Funds held by company under reinsurance treaties					0
14.	Amounts withheld or retained by company for account of others					0
15.	Remittances and items not allocated						0
16.	Provision for reinsurance (including $	certified)				0
17.	Net adjustments in assets and liabilities due to foreign exchange rates					0
18.	Drafts outstanding							0
19.	Payable to parent, subsidiaries and affiliates				147,131	127,071
20.	Derivatives						0	0
21.	Payable for securities							0
22.	Payable for securities lending						0
23.	Liability for amounts held under uninsured plans					0
24.	Capital notes $		and interest thereon $					0
25.	Aggregate write-ins for liabilities					223,258	168,270
26.	Total liabilities excluding protected cell liabilities (Lines 1 through 25)				3,595,933	2,731,770
27.	Protected cell liabilities							0
28.	Total liabilities (Lines 26 and 27)					3,595,933	2,731,770
29.	Aggregate write-ins for special surplus funds				0	0
30.	Common capital stock							0
31.	Preferred capital stock							0
32.	Aggregate write-ins for other than special surplus funds				0	0
33.	Surplus notes						10,000,000	10,000,000
34.	Gross paid in and contributed surplus						0
35.	Unassigned funds (surplus)						1,370,791	1,269,966
36.	Less treasury stock, at cost:
	36.1	shares common (value included in Line 30	$	)			0
	36.2	shares preferred (value included in Line 31	$	)			0
37.	Surplus as regards policyholders (Lines 29 to 35, less 36)				11,370,791	11,269,966
38.	Totals (Page 2, Line 28, Col. 3)					14,966,724	14,001,736
	DETAILS OF WRITE-INS
2501.	Excess ceding commission liability					223,258	168,270
2502.
2503.
2598.	Summary of remaining write-ins for Line 25 from overflow page				0	0
2599.	Totals (Lines 2501 through 2503 plus 2598) (Line 25 above)				223,258	168,270
2901.
2902.
2903.
2998.	Summary of remaining write-ins for Line 29 from overflow page				0	0
2999.	Totals (Lines 2901 through 2903 plus 2998) (Line 29 above)				0	0
3201.
3202.
3203.
3298.	Summary of remaining write-ins for Line 32 from overflow page				0	0
3299.	Totals (Lines 3201 through 3203 plus 3298) (Line 32 above)				0	0

STATEMENT AS OF SEPTEMBER 30, 2024 OF THE PROASSURANCE AMERICAN MUTUAL, A RISK RETENTION

GROUP

STATEMENT OF INCOME

							1	2	3
							Current Year	Prior Year	Prior Year Ended
							to Date	to Date	December 31
				UNDERWRITING INCOME
1.	Premiums earned:
	1.1	Direct (written $	2,875,947	)		3,163,070	3,780,076	5,018,104
	1.2	Assumed (written $		)			0	0
	1.3	Ceded (written $	2,733,598	)		3,006,633	3,593,466	4,770,523
	1.4	Net (written $	142,349	)		156,437	186,610	247,581
			DEDUCTIONS:
2.	Losses incurred (current accident year $	98,555 ):
	2.1 Direct				1,992,209	2,644,438	5,996,284
	2.2 Assumed					0	0
	2.3 Ceded				1,893,654	2,513,811	5,706,255
	2.4 Net				98,555	130,627	290,029
3.	Loss adjustment expenses incurred			66,740	80,782	(64,481)
4.	Other underwriting expenses incurred			(134,220)	(528,130)	(616,509)
5.	Aggregate write-ins for underwriting deductions		0	0	0
6.	Total underwriting deductions (Lines 2 through 5)		31,075	(316,721)	(390,961)
7.	Net income of protected cells					0	0
8.	Net underwriting gain (loss) (Line 1 minus Line 6 + Line 7)		125,362	503,331	638,542
				INVESTMENT INCOME		(280,441)	243,612	382,151
9.	Net investment income earned
10.	Net realized capital gains (losses) less capital gains tax of $			0	0
11.	Net investment gain (loss) (Lines 9 + 10)			(280,441)	243,612	382,151
				OTHER INCOME
12.	Net gain or (loss) from agents' or premium balances charged off
	(amount recovered $		amount charged off $	562 )	(562)	0	0
13.	Finance and service charges not included in premiums			0	0
14.	Aggregate write-ins for miscellaneous income		0	0	1,300
15.	Total other income (Lines 12 through 14)			(562)	0	1,300
16.	Net income before dividends to policyholders, after capital gains tax and before all other federal	(155,641)	746,943	1,021,993
	and foreign income taxes (Lines 8 + 11 + 15)
17.	Dividends to policyholders					0	0
18.	Net income, after dividends to policyholders, after capital gains tax and before all other federal	(155,641)	746,943	1,021,993
	and foreign income taxes (Line 16 minus Line 17)
19.	Federal and foreign income taxes incurred			(22,507)	104,720	151,599
20.	Net income (Line 18 minus Line 19)(to Line 22)		(133,134)	642,223	870,394
			CAPITAL AND SURPLUS ACCOUNT		11,269,966	10,024,490	10,024,490
21.	Surplus as regards policyholders, December 31 prior year
22.	Net income (from Line 20)				(133,134)	642,223	870,394
23.	Net transfers (to) from Protected Cell accounts			0	0
24.	Change in net unrealized capital gains or (losses) less capital gains tax of
	$		39,278				147,761	(9,733)	153,955
25.	Change in net unrealized foreign exchange capital gain (loss)			0	0
26.	Change in net deferred income tax			88,411	(2,587)	73,536
27.	Change in nonadmitted assets				(2,213)	76,604	147,591
28.	Change in provision for reinsurance			0	0	0
29.	Change in surplus notes				0	0	0
30.	Surplus (contributed to) withdrawn from protected cells			0	0
31.	Cumulative effect of changes in accounting principles			0	0
32.	Capital changes:
	32.1	Paid in					0	0
	32.2	Transferred from surplus (Stock Dividend)			0	0
	32.3	Transferred to surplus					0	0
33.	Surplus adjustments:
	33.1	Paid in				0	0	0
	33.2	Transferred to capital (Stock Dividend)			0	0	0
	33.3	Transferred from capital					0	0
34.	Net remittances from or (to) Home Office				0	0
35.	Dividends to stockholders					0	0
36.	Change in treasury stock				0	0	0
37.	Aggregate write-ins for gains and losses in surplus		0	0	0
38.	Change in surplus as regards policyholders (Lines 22 through 37)		100,825	706,507	1,245,476
39.	Surplus as regards policyholders, as of statement date (Lines 21 plus 38)		11,370,791	10,730,997	11,269,966
	DETAILS OF WRITE-INS
0501.
0502.
0503.
0598.	Summary of remaining write-ins for Line 5 from overflow page		0	0	0
0599.	TOTALS (Lines 0501 through 0503 plus 0598) (Line 5 above)		0	0	0
1401.	Miscellaneous income					0	1,300
1402.
1403.
1498.	Summary of remaining write-ins for Line 14 from overflow page		0	0	0
1499.	TOTALS (Lines 1401 through 1403 plus 1498) (Line 14 above)		0	0	1,300
3701.
3702.
3703.
3798.	Summary of remaining write-ins for Line 37 from overflow page		0	0	0
3799.	TOTALS (Lines 3701 through 3703 plus 3798) (Line 37 above)		0	0	0

STATEMENT AS OF SEPTEMBER 30, 2024 OF THE PROASSURANCE AMERICAN MUTUAL, A RISK RETENTION

GROUP

CASH FLOW

				1	2	3
				Current Year	Prior Year	Prior Year Ended
				To Date	To Date	December 31
		Cash from Operations		427,921	535,792	205,534
1.	Premiums collected net of reinsurance
2.	Net investment income		(300,526)	234,152	361,705
3.	Miscellaneous income		(562)	0	1,300
4.	Total (Lines 1 to 3)		126,833	769,944	568,539
5.	Benefit and loss related payments		(25,218)	(1,518,612)	(1,505,949)
6.	Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts	0	0	0
7.	Commissions, expenses paid and aggregate write-ins for deductions		(67,285)	(648,091)	(727,162)
8.	Dividends paid to policyholders		0	0	0
9.	Federal and foreign income taxes paid (recovered) net of $	tax on capital
	gains (losses)		74,192	(204,361)	(196,535)
10.	Total (Lines 5 through 9)		(18,311)	(2,371,064)	(2,429,646)
11.	Net cash from operations (Line 4 minus Line 10)		145,144	3,141,008	2,998,185
		Cash from Investments
12.	Proceeds from investments sold, matured or repaid:
	12.1	Bonds		0	0	0
	12.2	Stocks		0	0	0
	12.3	Mortgage loans		0	0	0
	12.4	Real estate		0	0	0
	12.5	Other invested assets		0	0	0
	12.6	Net gains or (losses) on cash, cash equivalents and short-term investments		0	0	0
	12.7	Miscellaneous proceeds			0	0
	12.8	Total investment proceeds (Lines 12.1 to 12.7)		0	0	0
13.	Cost of investments acquired (long-term only):
	13.1	Bonds		0	0	1,566,884
	13.2	Stocks		0	0	0
	13.3	Mortgage loans		0	0	0
	13.4	Real estate		0	0	0
	13.5	Other invested assets		0	0	0
	13.6	Miscellaneous applications		0	0	0
	13.7	Total investments acquired (Lines 13.1 to 13.6)		0	0	1,566,884
14.	Net increase/(decrease) in contract loans and premium notes		0	0	0
15.	Net cash from investments (Line 12.8 minus Line 13.7 and Line 14)		0	0	(1,566,884)
		Cash from Financing and Miscellaneous Sources
16.	Cash provided (applied):
	16.1	Surplus notes, capital notes		0	0	0
	16.2	Capital and paid in surplus, less treasury stock		0	0	0
	16.3	Borrowed funds		0	0	0
	16.4	Net deposits on deposit-type contracts and other insurance liabilities			0	0
	16.5	Dividends to stockholders		0	0	0
	16.6	Other cash provided (applied)			0	0
17.	Net cash from financing and miscellaneous sources (Line 16.1 through Line 16.4 minus Line 16.5	0	0	0
	plus Line 16.6)
		RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS	145,144	3,141,008	1,431,301
18.	Net change in cash, cash equivalents and short-term investments (Line 11, plus Lines 15 and 17)
19.	Cash, cash equivalents and short-term investments:
	19.1	Beginning of year		2,697,751	1,266,450	1,266,450
	19.2	End of period (Line 18 plus Line 19.1)		2,842,895	4,407,458	2,697,751

6WDWHPHQWDVRI6HSWHPEHURIWKH352$6685$1&($0(5,&$10878$/$5,6.5(7(17,21*5283

127(672),1$1&,$/67$7(0(176

Note 1 - Summary of Significant Accounting Policies and Going Concern

Accounting practices
The accompanying financial statements of ProAssurance American Mutual, A Risk Retention Group (the Company) have been completed in compliance with National Association of Insurance Commissioners Statutory Accounting Principles (NAIC SAP) as adopted by the Department of Insurance, Securities and Banking (DISB) of the District of Columbia.
A reconciliation of the Company's net income and capital and surplus between NAIC SAP and practices prescribed and permitted by the District of Columbia is shown below:

						Year-to-date period ended
		SSAP	F/S	F/S	September 30,	December 31,
NET INCOME	#	Page	Line #		2024		2023
(1)	State basis (Page 4, Line 20, Columns 1 & 3)	XXX	XXX	XXX	$	(133,134)	$	870,394
(2)	State Prescribed Practices that are an increase/
	(decrease) from NAIC SAP:					-		-
(3)	State Permitted Practices that are an increase/
	(decrease) from NAIC SAP:					-		-
(4)	NAIC SAP (1-2-3=4)	XXX	XXX	XXX	$	(133,134)	$	870,394
SURPLUS

(5)	State basis (Page 3, Line 37, Columns 1 & 2)	XXX	XXX	XXX	$	11,370,791	$	11,269,966
(6)	State Prescribed Practices that are an increase/
	(decrease) from NAIC SAP:					-		-
(7)	State Permitted Practices that are an increase/
	(decrease) from NAIC SAP:					-		-
(8)	NAIC SAP (5-6-7=8)	XXX	XXX	XXX	$	11,370,791	$	11,269,966

The term "none" or "no significant change" is used in the following notes to indicate that the Company does not have any items requiring disclosure under the respective note.

Use of estimates in the preparation of the financial statements - No significant change.
Accounting policy
1. - (5) No significant change.

1. Loan-backedsecurities are reported at amortized cost provided that the SVO's designation is 1 or 2. If the SVO's designation is 3 or greater, the security is reported at the lower of amortized cost or fair value. The Company uses the prospective method to make valuation adjustments when necessary.
2. - (13) No significant change.
Going Concern
Management has concluded that there is no doubt regarding the Company's ability to continue as a going concern.

Note 2 - Accounting Changes and Corrections of Errors- None.

Note 3 - Business Combinations and Goodwill- None.

Note 4 - Discontinued Operations- None.

Note 5 - Investments

Mortgage loans, including mezzanine real estate loans - None.
Debt restructuring - None.
Reverse mortgages - None.
Loan-backedsecurities - None.
Dollar repurchase agreements and/or securities lending transactions - None.
Repurchase agreements transactions accounted for as secured borrowing - None.
Reverse repurchase agreements transactions accounted for as secured borrowing - None.

6WDWHPHQWDVRI6HSWHPEHURIWKH352$6685$1&($0(5,&$10878$/$5,6.5(7(17,21*5283

127(672),1$1&,$/67$7(0(176

Repurchase agreements transactions accounted for as a sale - None.
Reverse repurchase agreements transactions accounted for as a sale - None.
Real estate - None.
Low-incomehousing tax credits (LIHTC) - None.
Restricted assets - None.
Working capital finance investments - None.
Offsetting and netting of assets and liabilities - None.
5GI Securities - None.
Short sales - None.
Prepayment penalty and acceleration fees - None.
Reporting entity's share of cash pool by asset type - None.

Note 6 - Joint Ventures, Partnerships and Limited Liability Companies

Detail for those greater than 10% of admitted assets - None.
Write-downsfor impairments - None.

Note 7 - Investment Income

Accrued investment income - None.
Amounts nonadmitted - None.
The gross, nonadmitted and admitted amounts for interest income due and accrued.

Interest Income Due and Accrued		Amount
1.	Gross	$	35,227
2.	Nonadmitted	$	-
3.	Admitted	$	35,227

The aggregate deferred interest - None.
The cumulative amounts of paid-in-kind (PIK) interest included in the current principal balance - None.

Note 8 - Derivative Instruments- None.

6.1

6WDWHPHQWDVRI6HSWHPEHURIWKH352$6685$1&($0(5,&$10878$/$5,6.5(7(17,21*5283



		127(672),1$1&,$/67$7(0(176

	Note 9 - Income Taxes
	A. The components of the net deferred tax asset/(liability) at September 30 are as follows:
1.
				9/30/2024
				(1)		(2)		(3)
								(Col 1+2)
				Ordinary		Capital		Total
	(a)	Gross Deferred Tax Assets	$	86,493	$	31,722	$	118,215
	(b)	Statutory Valuation Allowance Adjustments		-		31,722		31,722
	(c)	Adjusted Gross Deferred Tax Assets (1a - 1b)		86,493		-		86,493
	(d)	Deferred Tax Assets Nonadmitted		3,093		-		3,093
	(e)	Subtotal Net Admitted Deferred Tax Asset (1c - 1d)		83,400		-		83,400
	(f)	Deferred Tax Liabilities		4,749		-		4,749
	(g)	Net Admitted Deferred Tax Asset/(Net Deferred Tax	$	78,651	$	-	$	78,651
		Liability)(1e-1f)

					12/31/2023
				(4)		(5)		(6)
								(Col 4+5)
				Ordinary		Capital		Total
	(a)	Gross Deferred Tax Assets	$	72,133	$	71,000	$	143,133
	(b)	Statutory Valuation Allowance Adjustments		39,141		71,000		110,141
	(c)	Adjusted Gross Deferred Tax Assets (1a - 1b)		32,992		-		32,992
	(d)	Deferred Tax Assets Nonadmitted		-		-		-
	(e)	Subtotal Net Admitted Deferred Tax Asset (1c - 1d)		32,992		-		32,992
	(f)	Deferred Tax Liabilities		381		-		381
	(g)	Net Admitted Deferred Tax Asset/(Net Deferred Tax	$	32,611	$	-	$	32,611
		Liability)(1e-1f)

						Change
				(7)		(8)		(9)
				(Col 1-4)		(Col 2-5)		(Col 7+8)
				Ordinary		Capital		Total
	(a)	Gross Deferred Tax Assets	$	14,360	$	(39,278)	$	(24,918)
	(b)	Statutory Valuation Allowance Adjustments		(39,141)		(39,278)		(78,419)
	(c)	Adjusted Gross Deferred Tax Assets (1a - 1b)		53,501		-		53,501
	(d)	Deferred Tax Assets Nonadmitted		3,093		-		3,093
	(e)	Subtotal Net Admitted Deferred Tax Asset (1c - 1d)		50,408		-		50,408
	(f)	Deferred Tax Liabilities		4,368		-		4,368
	(g)	Net Admitted Deferred Tax Asset/(Net Deferred Tax	$	46,040	$	-	$	46,040
		Liability)(1e-1f)

6.2

6WDWHPHQWDVRI6HSWHPEHURIWKH352$6685$1&($0(5,&$10878$/$5,6.5(7(17,21*5283



		127(672),1$1&,$/67$7(0(176

2.
				9/30/2024
				(1)		(2)		(3)
								(Col 1+2)
	Admission Calculation Components SSAP No. 101		Ordinary		Capital		Total
	(a)	Federal Income Taxes Paid in Prior Years Recoverable	$	73,563	$	-	$	73,563
		Through Loss Carrybacks
	(b)	Adjusted Gross Deferred Tax Assets Expected To Be Realized	$	5,088	$	-	$	5,088
		(Lesser of 2(b)1 and 2(b)2 Below)
		(1) Adjusted Gross Deferred Tax Assets Expected To Be	$	5,088	$	-	$	5,088
		Realized Following the Balance Sheet Date
		(2) Adjusted Gross Deferred Tax Assets Allowed per		XXX		XXX	$	1,692,126
		Limitation Threshold
	(c)	Adjusted Gross Deferred Tax Assets Offset by Gross Deferred	$	4,749	$	-	$	4,749
		Tax Liabilities
	(d)	Deferred Tax Assets Admitted as the result of application of	$	83,400	$	-	$	83,400
		SSAP No. 101

					12/31/2023
				(4)		(5)		(6)
								(Col 4+5)
				Ordinary		Capital		Total
	(a)	Federal Income Taxes Paid in Prior Years Recoverable	$	32,992	$	-	$	32,992
		Through Loss Carrybacks
	(b)	Adjusted Gross Deferred Tax Assets Expected To Be Realized	$	-	$	-	$	-
		(Lesser of 2(b)1 and 2(b)2 Below)
		(1) Adjusted Gross Deferred Tax Assets Expected To Be	$	-	$	-	$	-
		Realized Following the Balance Sheet Date
		(2) Adjusted Gross Deferred Tax Assets Allowed per		XXX		XXX	$	1,685,603
		Limitation Threshold
	(c)	Adjusted Gross Deferred Tax Assets Offset by Gross Deferred	$	-	$	-	$	-
		Tax Liabilities
	(d)	Deferred Tax Assets Admitted as the result of application of	$	32,992	$	-	$	32,992
		SSAP No. 101

						Change
				(7)		(8)		(9)
				(Col 1-4)		(Col 2-5)		(Col 7+8)
				Ordinary		Capital		Total

Federal Income Taxes Paid in Prior Years Recoverable Through Loss Carrybacks
Adjusted Gross Deferred Tax Assets Expected To Be Realized (Lesser of 2(b)1 and 2(b)2 Below)
1. Adjusted Gross Deferred Tax Assets Expected To Be Realized Following the Balance Sheet Date
2. Adjusted Gross Deferred Tax Assets Allowed per Limitation Threshold
Adjusted Gross Deferred Tax Assets Offset by Gross Deferred Tax Liabilities
Deferred Tax Assets Admitted as the result of application of SSAP No. 101

Ratio Percentage Used To Determine Recovery Period And Threshold Limitation Amount
Amount Of Adjusted Capital And Surplus Used To Determine Recovery Period And Threshold Limitation in 2(b)2 Above

$	40,571	$	-	$	40,571
$	5,088	$	-	$	5,088
$	5,088	$	-	$	5,088
	XXX		XXX	$	6,523
$	4,749	$	-	$	4,749
$	50,408	$	-	$	50,408

	9/30/2024		12/31/2023
	3,070 %	3,058 %
$	11,280,842	$ 11,237,355

6.3

6WDWHPHQWDVRI6HSWHPEHURIWKH352$6685$1&($0(5,&$10878$/$5,6.5(7(17,21*5283

127(672),1$1&,$/67$7(0(176

Impact of Tax-Planning Strategies

Determination Of Adjusted Gross Deferred Tax Assets And Net Admitted Deferred Tax Assets, By Tax Character As A Percentage.
1 Adjusted Gross DTAs Amount From Note 9A1(c)
2 Percentage Of Adjusted Gross DTAs By Tax Character Attributable To The Impact Of Tax Planning Strategies
3 Net Admitted Adjusted Gross DTAs Amount From Note 9A1(e)
4 Percentage Of Net Admitted Adjusted Gross DTAs By Tax Character Admitted Because Of The Impact Of Tax Planning Strategies

9/30/2024

Ordinary

Capital

$ 86,493 $ -

83,400-

12/31/2023

			(3)		(4)
			Ordinary		Capital
(a) Determination Of Adjusted Gross Deferred Tax Assets And Net Admitted
Deferred Tax Assets, By Tax Character As A Percentage.
1	Adjusted Gross DTAs Amount From Note 9A1(c)	$	32,992	$	-
2	Percentage Of Adjusted Gross DTAs By Tax Character Attributable To		-		-
	The Impact Of Tax Planning Strategies
3	Net Admitted Adjusted Gross DTAs Amount From Note 9A1(e)		32,992		-
4	Percentage Of Net Admitted Adjusted Gross DTAs By Tax Character		-		-
	Admitted Because Of The Impact Of Tax Planning Strategies

Change

(5)

(Col 1-3) Ordinary

(6)

(Col 2-4)

Capital

Determination Of Adjusted Gross Deferred Tax Assets And Net Admitted Deferred Tax Assets, By Tax Character As A Percentage.

1	Adjusted Gross DTAs Amount From Note 9A1(c)	$	53,501	$	-
2	Percentage Of Adjusted Gross DTAs By Tax Character Attributable To		-		-
	The Impact Of Tax Planning Strategies
3	Net Admitted Adjusted Gross DTAs Amount From Note 9A1(e)		50,408		-
4	Percentage Of Net Admitted Adjusted Gross DTAs By Tax Character		-		-
	Admitted Because Of The Impact Of Tax Planning Strategies
(b) Does the Company's tax-planning strategies include the use of reinsurance?	No

B. Deferred Tax Liabilities Not Recognized - None.

6.4

Attachments

Disclaimer

ProAssurance Corporation published this content on November 26, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on November 26, 2024 at 16:49:05.090.