ProAssurance Declares Quarterly Dividend

BIRMINGHAM, Ala.–(BUSINESS WIRE)–The Board of Directors of ProAssurance Corporation (NYSE:PRA) has
declared a cash dividend of $0.31 per common share, payable on July 11,
2019 to shareholders who own our stock as of June 14, 2019.

Our dividend policy anticipates a total annual dividend of $1.24 per
share, to be paid in equal quarterly installments. However, any decision
to pay future cash dividends will be subject to the Board’s final
determination after a comprehensive review of the company’s financial
performance, future expectations, and other factors deemed relevant by
the Board.

About ProAssurance

ProAssurance
Corporation is an industry-leading specialty insurer with extensive
expertise in healthcare professional liability, products liability for
medical technology and life sciences, legal professional liability, and
workers’ compensation insurance. The company is recognized as one of the
top performing insurance companies in America by virtue of our inclusion
in the Ward’s 50 for the past twelve years. ProAssurance Group is rated “A+”
(Superior) by A.M. Best; ProAssurance and its operating subsidiaries
are rated “A”
(Strong) by Fitch Ratings.

For the latest on ProAssurance and its industry-leading suite of
products and services, cutting edge risk management and practice
enhancement programs, follow @ProAssurance
on Twitter or LinkedIn.
ProAssurance’s
YouTube channel regularly presents thought provoking, insightful
videos that communicate effective practice management, patient safety
and risk management strategies.

Caution Regarding Forward-Looking Statements

Statements in this news release that are not historical fact or that
convey our view of future business, events or trends are specifically
identified as forward-looking statements. Forward-looking statements are
based upon our estimates and anticipation of future events and highlight
certain risks and uncertainties that could cause actual results to vary
materially from our expected results. We expressly claim the safe harbor
provisions of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, for any
forward-looking statements in this news release. Forward-looking
statements represent our outlook only as of the date of this news
release. Except as required by law or regulation, we do not undertake
and specifically decline any obligation to publicly release the result
of any revisions that may be made to any forward-looking statements to
reflect events or circumstances after the date of such statements or to
reflect the occurrence of anticipated or unanticipated events.

There are a number of risk factors that may cause outcomes that differ
from our expectations or projections. These are described in detail in
various documents filed by ProAssurance Corporation with the Securities
and Exchange Commission, such as current reports on Form 8-K, and
regular reports on Forms 10-Q and 10-K, particularly in “Item 1A, Risk
Factors.”

Contacts

Ken McEwen
Investor Relations Manager
800-282-6242 •
205-439-7903 • KenMcEwen@ProAssurance.com