San Diego, CA -- (SBWIRE) -- 06/03/2020 -- ProAssurance Corporation is under investigation over potential securities laws violations in connection with certain financial statements.

Investors who purchased shares of ProAssurance Corporation (NYSE: PRA), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by ProAssurance Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Birmingham, AL based ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. ProAssurance Corporation reported that its annual Total Revenue rose from $877.08 million in 2018 to over $1 billion in 2019.

On January 22, 2020, ProAssurance Corporation disclosed a $37 million charge to its loss reserves for fourth quarter 2019 due to "deteriorating loss experience, driven by a large national healthcare account."

On May 7, 2020, ProAssurance Corporation announced its first quarter 2020 financial results, reporting 2.6% decline in total revenues over the prior year period, and slashed its dividend from $0.31 per share to just $0.05 per share.

Shares of ProAssurance Corporation (NYSE: PRA) declined from $37.61 per share on January 22, 2020 to as low as $12.67 per share on May 14, 2020.

Those who purchased shares of ProAssurance Corporation (NYSE: PRA) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.