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

85239637';s.tl(this,'o','ExternalLink');" target='_blank' href="http://www.proassurance.com/investorrelations/governance.aspx?p=d">Chief Executive Officer, W. Stancil Starnes, said, "Our resolute commitment to the fundamentals of financial strength, underwriting discipline and claims defense, all executed through our dedication to Treated Fairly, propelled us to some of the best results in the history of ProAssurance. The value we deliver is allowing us to retain existing customers in a challenging environment, while adding new insureds and new premium, through organic growth and M&A."

Non-GAAP Financial Measures

Operating Income is a "Non-GAAP" financial measure that is widely used in our industry to evaluate the performance of underwriting operations. Operating Income excludes the after-tax effects of realized gains or losses, guaranty fund assessments and debt retirement losses, and we believe it presents a more appropriate view of the performance of our insurance operations. While we believe disclosure of certain Non-GAAP information is appropriate, you should not consider this information without also considering the information we present in accordance with GAAP, which includes the effect of net realized gains and losses, guaranty fund assessments and debt retirement losses
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