---
schema_version: "secwatch.filing_event.v1"
accession: "0001875246-23-000016"
form_type: "8-K"
ticker: "PRA"
cik: "0001127703"
company_name: "PROASSURANCE CORP"
filed_at: "2023-05-26T23:59:59+00:00"
generated_at: "2026-06-14T12:33:21.301856+00:00"
event_type: "dividend"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ProAssurance suspends quarterly cash dividend; will use share repurchases instead

## Summary
- Board suspended quarterly cash dividend, citing current share trading price.
- Company intends to return capital via existing share repurchase authorization.
- All shareholder proposals approved by supermajority: directors re-elected, auditor ratified, advisory say-on-pay and frequency approved.

## SEC filing metadata
- accession: 0001875246-23-000016
- form_type: 8-K
- ticker: PRA
- cik: 0001127703
- company_name: PROASSURANCE CORP
- filed_at: 2023-05-26T23:59:59+00:00
- event_type: dividend
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.07, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1127703/000187524623000016/0001875246-23-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1127703/000187524623000016/pra-20230526.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001875246-23-000016
- JSON: https://secwatch.observer/filing/0001875246-23-000016.json
- Plain text: https://secwatch.observer/filing/0001875246-23-000016.txt

## Key facts
- Shareholder Votes
  PROASSURANCE CORP shareholders approved Ratification of Ernst & Young, LLP as independent auditing firm at the 2023-05-24 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-05-24
  source text: shareholders ratified the selection of Ernst & Young, LLP as our independent auditing firm for the fiscal year ending December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1127703/000187524623000016/0001875246-23-000016-index.htm
- Shareholder Votes
  PROASSURANCE CORP shareholders approved Advisory vote on frequency of say-on-pay votes (yearly) at the 2023-05-24 meeting.
  - Proposal: say on pay frequency
  - Outcome: passed
  - Meeting: 2023-05-24
  source text: shareholders approved the proposal to hold the advisory vote on the compensation of our named executive officers yearly
  evidence_url: https://www.sec.gov/Archives/edgar/data/1127703/000187524623000016/0001875246-23-000016-index.htm
- Shareholder Votes
  PROASSURANCE CORP shareholders approved Advisory vote on compensation of named executive officers for 2022 at the 2023-05-24 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-05-24
  source text: shareholders approved, on an advisory basis, the compensation of our named executive officers for 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1127703/000187524623000016/0001875246-23-000016-index.htm
- Shareholder Votes
  PROASSURANCE CORP shareholders approved Election of four director nominees to three-year terms at the 2023-05-24 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-24
  source text: the company’s four director nominees were re-elected to three-year terms
  evidence_url: https://www.sec.gov/Archives/edgar/data/1127703/000187524623000016/0001875246-23-000016-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.