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Schedule II - Condensed Financial Information of Registrant | 12 Months Ended
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Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Schedule II - Condensed Financial Information of Registrant | Condensed Balance Sheets
| December 31
(In thousands) | 2015 |  | 2014
Assets |  |  |
Investment in subsidiaries, at equity | $ | 2,026,247 |  |  | $ | 2,145,358 |
Fixed maturities available for sale, at fair value | 202,501 |  |  | 203,451 |
Short-term investments | 16,716 |  |  | 42,790 |
Cash and cash equivalents | 103,292 |  |  | 87,200 |
Due from subsidiaries | — |  |  | 87,719 |
Other assets | 48,288 |  |  | 25,736 |
Total Assets | $ | 2,397,044 |  |  | $ | 2,592,254 |
Liabilities and Shareholders’ Equity |  |  |
Liabilities: |  |  |
Due to subsidiaries | $ | 14,803 |  |  | $ | — |
Dividends payable | 69,447 |  |  | 167,744 |
Other liabilities | 4,440 |  |  | 16,566 |
Debt | 350,000 |  |  | 250,000 |
Total Liabilities | 438,690 |  |  | 434,310 |
Shareholders’ Equity: |  |  |
Common stock | 625 |  |  | 623 |
Other shareholders’ equity, including unrealized gains (losses) on securities of subsidiaries | 1,957,729 |  |  | 2,157,321 |
Total Shareholders’ Equity | 1,958,354 |  |  | 2,157,944 |
Total Liabilities and Shareholders’ Equity | $ | 2,397,044 |  |  | $ | 2,592,254 |
Condensed Statements of Income
| Year Ended December 31
(In thousands) | 2015 |  | 2014 |  | 2013
Net investment income | $ | 5,017 |  |  | $ | 3,295 |  |  | $ | 5,789 |
Net realized investment gains (losses) | 4,673 |  |  | 990 |  |  | 5,334 |
Other income (loss) | 378 |  |  | 660 |  |  | 170 |
| 10,068 |  |  | 4,945 |  |  | 11,293 |
Expenses: |  |  |  |  |
Interest expense | 14,596 |  |  | 14,084 |  |  | 2,747 |
Other expenses | 24,695 |  |  | 7,083 |  |  | 13,213 |
| 39,291 |  |  | 21,167 |  |  | 15,960 |
Income (loss) before income tax expense (benefit) and equity in net income of consolidated subsidiaries | (29,223 | ) |  | (16,222 | ) |  | (4,667 | )
Income tax expense (benefit) | (11,657 | ) |  | (6,728 | ) |  | (1,007 | )
Income (loss) before equity in net income of consolidated subsidiaries | (17,566 | ) |  | (9,494 | ) |  | (3,660 | )
Equity in net income of consolidated subsidiaries | 133,763 |  |  | 206,059 |  |  | 301,183 |
Net income | $ | 116,197 |  |  | $ | 196,565 |  |  | $ | 297,523 |
Other comprehensive income | $ | (34,349 | ) |  | $ | (1,457 | ) |  | $ | (85,719 | )
Comprehensive income | $ | 81,848 |  |  | $ | 195,108 |  |  | $ | 211,804 |
Condensed Statements of Cash Flow
| Year Ended December 31
(In thousands) | 2015 |  | 2014 |  | 2013
Net cash provided (used) by operating activities | $ | (14,411 | ) |  | $ | 20,086 |  |  | $ | (24,654 | )
Investing activities |  |  |  |  |
Purchases of equity securities trading | — |  |  | (310 | ) |  | (1,265 | )
Proceeds from sale or maturities of: |  |  |  |  |
Fixed maturities, available for sale | 200,245 |  |  | 104,844 |  |  | 224,993 |
Equity securities trading | — |  |  | 12,813 |  |  | 1,113 |
Net decrease (increase) in short-term investments | 26,074 |  |  | 149,202 |  |  | (187,625 | )
Dividends from subsidiaries | 107,870 |  |  | 67,188 |  |  | 239,484 |
Contribution of capital to subsidiaries | — |  |  | (7,000 | ) |  | — |
Deposit made for future acquisition | — |  |  | — |  |  | (205,244 | )
(Increase) decrease in restricted cash | — |  |  | 78,000 |  |  | (78,000 | )
Funds advanced for Syndicate 1729 FAL deposit | (9,642 | ) |  | (76,553 | ) |  | (8,699 | )
Funds advanced under Syndicate 1729 credit agreement | (3,083 | ) |  | (9,107 | ) |  | (1,665 | )
Other | (289 | ) |  | 415 |  |  | (20 | )
Net cash provided (used) by investing activities | 321,175 |  |  | 319,492 |  |  | (16,928 | )
Financing activities |  |  |  |  |
Proceeds from debt | 100,000 |  |  | — |  |  | 250,000 |
Principal repayment of debt | — |  |  | — |  |  | (125,000 | )
Repurchase of common stock | (172,772 | ) |  | (222,360 | ) |  | (29,089 | )
Subsidiary payments for common shares and share-based compensation awarded to subsidiary employees | 6,063 |  |  | 8,301 |  |  | 6,258 |
Excess of tax benefit from share-based payment arrangements | 379 |  |  | 1,631 |  |  | 2,128 |
Dividends to shareholders | (217,626 | ) |  | (70,490 | ) |  | (46,375 | )
Other | (6,716 | ) |  | (6,919 | ) |  | (8,278 | )
Net cash provided (used) by financing activities | (290,672 | ) |  | (289,837 | ) |  | 49,644 |
Increase (decrease) in cash and cash equivalents | 16,092 |  |  | 49,741 |  |  | 8,062 |
Cash and cash equivalents, beginning of period | 87,200 |  |  | 37,459 |  |  | 29,397 |
Cash and cash equivalents, end of period | $ | 103,292 |  |  | $ | 87,200 |  |  | $ | 37,459 |
Supplemental disclosure of cash flow information: |  |  |  |  |
Cash paid during the year for income taxes, net of refunds | $ | 47,004 |  |  | $ | 26,764 |  |  | $ | 120,031 |
Cash paid during the year for interest | $ | 13,996 |  |  | $ | 13,408 |  |  | $ | 913 |
Significant non-cash transactions: |  |  |  |  |
Dividends declared and not yet paid | $ | 69,447 |  |  | $ | 167,744 |  |  | $ | 18,532 |
Securities transferred at fair value as dividends from subsidiaries | $ | 206,880 |  |  | $ | 227,412 |  |  | $ | 69,011 |
Non-cash capital contribution to subsidiaries | $ | 87,719 |  |  | $ | — |  |  | $ | — |
Note to Condensed Financial Statements of Registrant Basis of Presentation The registrant-only financial statements should be read in conjunction with ProAssurance Corporation’s Consolidated Financial Statements and Notes thereto. At December 31, 2015 and 2014, PRA Parent’s investment in subsidiaries is stated at the initial consolidation value plus equity in the undistributed earnings of subsidiaries since the date of acquisition. Effective January 1, 2015 ProAssurance Corporation entered into a management agreement with several of its insurance subsidiaries whereby ProAssurance Corporation charges the subsidiaries a management fee for various management services provided to the subsidiary. Under the new arrangement, the expenses associated with such services remain as expenses of ProAssurance Corporation and the management fee charged is reported as an offset to ProAssurance Corporation expenses. Prior to 2015, a substantial portion of expenses associated with services provided to insurance subsidiaries were directly allocated or directly charged to the insurance subsidiaries.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=51664549&loc=d3e5283-111683 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
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