ProAssurance Corporation (PRA) will pay a $4.69 per share special dividend, together with the regular $0.31 per share quarterly dividend.

Both will be paid on January 10, 2018 to shareholders who own our stock as of December 21, 2017.

"The special dividend declared today underscores our unwavering commitment to both effective capital management and disciplined underwriting. While our preference would be to deploy capital in a prudent manner in our business, current market conditions limit our ability to write profitable business. Thus, we believe this special dividend balances the best interests of our shareholders with the flexibility to deploy our remaining capital effectively when the right business opportunities arise," said W. Stancil Starnes, our Chairman and Chief Executive Officer.

ProAssurance Corporation is an insurer specialized in healthcare professional liability, products liability for medical technology and life sciences, legal professional liability, and workers' compensation insurance.