XML 40 R23.htm IDEA: XBRL DOCUMENT

Debt (Tables)

6 Months Ended

Jun. 30, 2022

ProAssurance’s outstanding debt consisted of the following:


($ in thousands)	June 30, 2022		December 31, 2021
Senior Notes due 2023, unsecured, interest at 5.3% annually	$	250,000	$	250,000
Contribution Certificates due 2031, interest at 3.0% (effective interest rate at 4.35%) paid annually beginning April 2022	176,606		175,900


Total principal	426,606		425,900
Less unamortized debt issuance costs	728		914
Debt less unamortized debt issuance costs	$	425,878	$	424,986

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details