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ProAssurance Reports Year-End and Fourth Quarter 2009 Results
Date:2/24/2010

2009 2008 2009 2008 Weighted average number of common shares outstanding Basic 32,432 33,439 32,848 32,750 Diluted 32,805 33,758 33,150 34,362 Operating Income per share (Basic) $2.45 $2.38 $6.55 $6.32 Operating Income per share (Diluted) $2.42 $2.36 $6.49 $6.07 Net Income per share (Basic) $2.61 $2.28 $6.76 $5.43 Net Income per share (Diluted) $2.58 $2.26 $6.70 $5.22 Key Ratios Three Months Ended Year Ended December 31, December 31, 2009 2008 2009 2008 Current Accident Year Loss Ratio 100.5% 94.0% 88.1% 86.4% Prior Accident Year Loss Ratio (81.6%) (95.0%) (41.7%) (40.3%) Net Loss Ratio 18.9% (1.0%) 46.4% 46.1% Expense Ratio 23.3% 22.2% 22.7% 21.7% Combined Ratio 42.2% 21.2% 69.1% 67.8% Operating Ratio 13.8% (11.8%) 38.8% 33.3% Return on Equity 20.2% 22.1% 14.2% 13.3%

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