*38954201520100102* PROPERTY AND CASUALTY COMPANIES—ASSOCIATION EDITION QUARTERLY STATEMENT AS OF JUNE 30, 2015 OF THE CONDITION AND AFFAIRS OF THE PROASSURANCE CASUALTY COMPANY NAIC Group Code 2698 , 2698 NAIC Company Code 38954 Employer’s ID Number 38-2317569 (Current Period) (Prior Period) Organized under the Laws of Michigan , State of Domicile or Port of Entry Michigan Country of Domicile United States
Incorporated/Organized 06/27/1980 Commenced Business 06/27/1980
Statutory Home Office 2600 PROFESSIONALS DRIVE , OKEMOS, MI, US 48864 (Street and Number) (City or Town, State, Country and Zip Code) Main Administrative Office 100 BROOKWOOD PLACE BIRMINGHAM, AL, US 35209 205-877-4400 (Street and Number) (City or Town, State, Country and Zip Code) (Area Code) (Telephone Number) Mail Address PO BOX 590009 , BIRMINGHAM, AL, US 35259-0009 (Street and Number or P.O. Box) (City or Town, State, Country and Zip Code) Primary Location of Books and Records 100 BROOKWOOD PLACE BIRMINGHAM, AL, US 35209 205-877-4400 (Street and Number) (City or Town, State, Country and Zip Code) (Area Code) (Telephone Number) Internet Web Site Address www.proassurance.com Statutory Statement Contact ELLEN MARCHMAN CHANDLER 205-445-2638 (Name) (Area Code) (Telephone Number) (Extension) [email protected] 205-868-4015 (E-Mail Address) (Fax Number) OFFICERS Name Title Name Title PRESIDENT, CHIEF CLAIMS DARRYL KEITH THOMAS , OFFICER KATHRYN ANNE NEVILLE , SECRETARY EDWARD LEWIS RAND, JR. , TREASURER, VICE PRESIDENT WILLIAM STANCIL STARNES , CHAIRMAN OTHER OFFICERS JEFFREY LYNN BOWLBY , VICE PRESIDENT HOWARD HARLEY FRIEDMAN , CHIEF UNDERWRITING OFFICER FRANK BERRY O'NEIL , VICE PRESIDENT HAYES VANCE WHITESIDE , VICE PRESIDENT
DIRECTORS OR TRUSTEES HOWARD HARLEY FRIEDMAN JEFFREY PATTON LISENBY EDWARD LEWIS RAND, JR WILLIAM STANCIL STARNES DARRYL KEITH THOMAS LIZABETH FOX BROTT #
State of ALABAMA
County of JEFFERSON ss
The officers of this reporting entity being duly sworn, each depose and say that they are the described officers of said reporting entity, and that on the reporting period stated above, all of the herein described assets were the absolute property of the said reporting entity, free and clear from any liens or claims thereon, except as herein stated, and that this statement, together with related exhibits, schedules and explanations therein contained, annexed or referred to, is a full and true statement of all the assets and liabilities and of the condition and affairs of the said reporting entity as of the reporting period stated above, and of its income and deductions therefrom for the period ended, and have been completed in accordance with the NAIC Annual Statement Instructions and Accounting Practices and Procedures manual except to the extent that: (1) state law may differ; or, (2) that state rules or regulations require differences in reporting not related to accounting practices and procedures, according to the best of their information, knowledge and belief, respectively. Furthermore, the scope of this attestation by the described officers also includes the related corresponding electronic filing with the NAIC, when required, that is an exact copy (except for formatting differences due to electronic filing) of the enclosed statement. The electronic filing may be requested by various regulators in lieu of or in addition to the enclosed statement.
DARRYL KEITH THOMAS KATHRYN ANNE NEVILLE EDWARD LEWIS RAND, JR. PRESIDENT SECRETARY TREASURER a. Is this an original filing? Yes [X] No [ ]
Subscribed and sworn to before me this b. If no: day of , 2015 1. State the amendment number 2. Date filed 3. Number of pages attached JEAN H. NOOJIN, APRIL 22, 2017 STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY ASSETS Current Statement Date 4 1 2 3 December 31 Net Admitted Assets Prior Year Net Assets Nonadmitted Assets (Cols. 1 - 2) Admitted Assets 1. Bonds 800,449,594 800,449,594 958,951,343 2. Stocks: 2.1 Preferred stocks 51,240 51,240 0 2.2 Common stocks 106,878,134 106,878,134 80,686,997 3. Mortgage loans on real estate: 3.1 First liens 0 0 3.2 Other than first liens 0 0 4. Real estate: 4.1 Properties occupied by the company (less $ encumbrances) 4,621,580 4,621,580 5,156,035 4.2 Properties held for the production of income (less $ encumbrances) 540,000 540,000 540,000 4.3 Properties held for sale (less $ encumbrances) 354,916 354,916 0 5. Cash ($ 15,699,814 ), cash equivalents ($ 0 ) and short-term investments ($ 36,183,152 ) 51,882,966 51,882,966 31,894,185 6. Contract loans (including $ premium notes) 0 0 7. Derivatives 0 0 0 8. Other invested assets 122,794,040 122,794,040 119,365,935 9. Receivables for securities 0 992,167 10. Securities lending reinvested collateral assets 0 0 11. Aggregate write-ins for invested assets 0 0 0 0 12. Subtotals, cash and invested assets (Lines 1 to 11) 1,087,572,470 0 1,087,572,470 1,197,586,662 13. Title plants less $ charged off (for Title insurers only) 0 0 14. Investment income due and accrued 9,176,640 9,176,640 10,938,666 15. Premiums and considerations: 15.1 Uncollected premiums and agents’ balances in the course of collection 8,111,970 274,061 7,837,909 6,772,860 15.2 Deferred premiums, agents’ balances and installments booked but deferred and not yet due (including $ earned but unbilled premiums) 23,262,898 23,262,898 24,098,353 15.3 Accrued retrospective premiums 1,597,833 159,783 1,438,050 1,438,050 16. Reinsurance: 16.1 Amounts recoverable from reinsurers 1,327,961 1,327,961 1,815,165 16.2 Funds held by or deposited with reinsured companies 67,000 67,000 111,271 16.3 Other amounts receivable under reinsurance contracts 0 7,500 17. Amounts receivable relating to uninsured plans 0 0 18.1 Current federal and foreign income tax recoverable and interest thereon 723,382 723,382 524,833 18.2 Net deferred tax asset 17,579,468 2,298,530 15,280,938 16,661,337 19. Guaranty funds receivable or on deposit 17,285 17,285 56,445 20. Electronic data processing equipment and software 58,108 58,108 138,551 21. Furniture and equipment, including health care delivery assets ($ ) 700,739 700,739 0 0 22. Net adjustment in assets and liabilities due to foreign exchange rates 0 0 23. Receivables from parent, subsidiaries and affiliates 82,339 82,339 143,388 24. Health care ($ ) and other amounts receivable 0 0 25. Aggregate write-ins for other-than-invested assets 12,317,773 14,249 12,303,524 13,836,891 26. Total assets excluding Separate Accounts, Segregated Accounts and Protected Cell Accounts (Lines 12 to 25) 1,162,595,866 3,447,362 1,159,148,504 1,274,129,972 27. From Separate Accounts, Segregated Accounts and Protected Cell Accounts 0 0 28. Total (Lines 26 and 27) 1,162,595,866 3,447,362 1,159,148,504 1,274,129,972 DETAILS OF WRITE-INS 1101. 0 0 1102. 1103. 1198. Summary of remaining write-ins for Line 11 from overflow page 0 0 0 0 1199. Totals (Lines 1101 through 1103 plus 1198) (Line 11 above) 0 0 0 0 2501. Prepaid Expenses and Other Assets 14,249 14,249 0 0 2502. Amounts Receivable under High Deductible Policies 87,865 87,865 474,019 2503. State Premium Tax Recoverable 260,236 260,236 375,767 2598. Summary of remaining write-ins for Line 25 from overflow page 11,955,423 0 11,955,423 12,987,105 2599. Totals (Lines 2501 through 2503 plus 2598) (Line 25 above) 12,317,773 14,249 12,303,524 13,836,891
2 STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY LIABILITIES, SURPLUS AND OTHER FUNDS 1 2 Current December 31, Statement Date Prior Year
1. Losses (current accident year $ 35,252,389 ) 313,794,650 325,450,475 2. Reinsurance payable on paid losses and loss adjustment expenses 1,898,322 5,595,942 3. Loss adjustment expenses 272,212,799 278,070,714 4. Commissions payable, contingent commissions and other similar charges 3,048,780 3,099,196 5. Other expenses (excluding taxes, licenses and fees) 1,199,313 1,500,301 6. Taxes, licenses and fees (excluding federal and foreign income taxes) 1,221,803 1,252,545 7.1Current federal and foreign income taxes (including $ on realized capital gains (losses)) 0 7.2 Net deferred tax liability 0 8. Borrowed money $ and interest thereon $ 0 9. Unearned premiums (after deducting unearned premiums for ceded reinsurance of $ 14,559,211 and including warranty reserves of $ and accrued accident and health experience rating refunds including $ for medical loss ratio rebate per the Public Health Service Act) 95,961,646 93,317,054 10. Advance premium 2,229,656 4,981,477 11. Dividends declared and unpaid: 11.1 Stockholders 0 11.2 Policyholders 0 12. Ceded reinsurance premiums payable (net of ceding commissions) 5,073,710 5,801,288 13. Funds held by company under reinsurance treaties 1,632,854 1,416,966 14. Amounts withheld or retained by company for account of others 51,276 97,298 15. Remittances and items not allocated 0 16. Provision for reinsurance (including $ certified) 4,861,400 4,861,400 17. Net adjustments in assets and liabilities due to foreign exchange rates 0 18. Drafts outstanding 0 19. Payable to parent, subsidiaries and affiliates 12,424,301 6,803,965 20. Derivatives 0 0 21. Payable for securities 6,718,772 7,810,515 22. Payable for securities lending 0 23. Liability for amounts held under uninsured plans 0 24. Capital notes $ and interest thereon $ 0 25. Aggregate write-ins for liabilities 0 0 26. Total liabilities excluding protected cell liabilities (Lines 1 through 25) 722,329,282 740,059,136 27. Protected cell liabilities 0 28. Total liabilities (Lines 26 and 27) 722,329,282 740,059,136 29. Aggregate write-ins for special surplus funds 0 0 30. Common capital stock 3,188,145 3,188,145 31. Preferred capital stock 0 32. Aggregate write-ins for other than special surplus funds 0 0 33. Surplus notes 10,093,603 10,093,603 34. Gross paid in and contributed surplus 85,754,824 85,754,824 35. Unassigned funds (surplus) 337,782,650 435,034,264 36. Less treasury stock, at cost: 36.1 shares common (value included in Line 30 $ ) 0 36.2 shares preferred (value included in Line 31 $ ) 0
37. Surplus as regards policyholders (Lines 29 to 35, less 36) 436,819,222 534,070,836 38. Totals (Page 2, Line 28, Col. 3) 1,159,148,504 1,274,129,972
DETAILS OF WRITE-INS 2501. 0 2502. 0 2503. 2598. Summary of remaining write-ins for Line 25 from overflow page 0 0 2599. Totals (Lines 2501 through 2503 plus 2598) (Line 25 above) 0 0 2901. 0 2902. 0 2903. 2998. Summary of remaining write-ins for Line 29 from overflow page 0 0 2999. Totals (Lines 2901 through 2903 plus 2998) (Line 29 above) 0 0 3201. 0 3202. 3203. 3298. Summary of remaining write-ins for Line 32 from overflow page 0 0 3299. Totals (Lines 3201 through 3203 plus 3298) (Line 32 above) 0 0
3 STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY STATEMENT OF INCOME 1 2 3 Current Year Prior Year Prior Year Ended to Date to Date December 31 UNDERWRITING INCOME 1. Premiums earned: 1.1 Direct (written $ 85,641,967 ) 80,148,838 81,379,126 169,103,080 1.2 Assumed (written $ 11,179,010 ) 10,534,896 10,700,735 19,529,741 1.3 Ceded (written $ 13,690,521 ) 10,197,870 8,625,515 20,132,059 1.4 Net (written $ 83,130,456 ) 80,485,864 83,454,346 168,500,762 DEDUCTIONS: 2. Losses incurred (current accident year $ 35,644,604 ): 2.1 Direct 20,965,747 14,786,842 29,156,086 2.2 Assumed 4,169,108 4,097,929 5,051,559 2.3 Ceded 5,356,252 3,866,054 (1,340,206) 2.4 Net 19,778,603 15,018,717 35,547,851 3. Loss adjustment expenses incurred 27,170,959 22,870,607 39,467,738 4. Other underwriting expenses incurred 19,250,841 22,674,289 43,133,745 5. Aggregate write-ins for underwriting deductions 0 0 0 6. Total underwriting deductions (Lines 2 through 5) 66,200,403 60,563,613 118,149,334 7. Net income of protected cells 0 0 8. Net underwriting gain (loss) (Line 1 minus Line 6 + Line 7) 14,285,461 22,890,733 50,351,428
INVESTMENT INCOME 9. Net investment income earned 20,067,927 18,837,042 39,705,496 10. Net realized capital gains (losses) less capital gains tax of $ 4,310,950 6,319,950 3,484,421 6,075,638 11. Net investment gain (loss) (Lines 9 + 10) 26,387,877 22,321,463 45,781,134
OTHER INCOME 12. Net gain or (loss) from agents' or premium balances charged off (amount recovered $ 57,937 amount charged off $ (162,875) ) (104,938) (3,314) 35,955 13. Finance and service charges not included in premiums 0 0 14. Aggregate write-ins for miscellaneous income 301,297 717,205 970,133 15. Total other income (Lines 12 through 14) 196,359 713,891 1,006,088 16. Net income before dividends to policyholders, after capital gains tax and before all other federal and foreign income taxes (Lines 8 + 11 + 15) 40,869,697 45,926,087 97,138,650 17. Dividends to policyholders 0 0 18. Net income, after dividends to policyholders, after capital gains tax and before all other federal and foreign income taxes (Line 16 minus Line 17) 40,869,697 45,926,087 97,138,650 19. Federal and foreign income taxes incurred 3,466,506 9,052,637 15,719,375 20. Net income (Line 18 minus Line 19)(to Line 22) 37,403,191 36,873,450 81,419,275
CAPITAL AND SURPLUS ACCOUNT 21. Surplus as regards policyholders, December 31 prior year 534,070,836 523,601,626 523,601,626 22. Net income (from Line 20) 37,403,191 36,873,450 81,419,275 23. Net transfers (to) from Protected Cell accounts 0 0 24. Change in net unrealized capital gains or (losses) less capital gains tax of $ (3,341,867) (6,206,953) 1,419,013 (2,347,447) 25. Change in net unrealized foreign exchange capital gain (loss) 0 0 26. Change in net deferred income tax (2,423,736) (373,369) (5,527,763) 27. Change in nonadmitted assets (2,024,116) (115,910) 278,545 28. Change in provision for reinsurance 0 (853,400) 29. Change in surplus notes 0 0 30. Surplus (contributed to) withdrawn from protected cells 0 0 31. Cumulative effect of changes in accounting principles 0 0 32. Capital changes: 32.1 Paid in 0 0 32.2 Transferred from surplus (Stock Dividend) 0 0 32.3 Transferred to surplus 0 0 33. Surplus adjustments: 33.1 Paid in 0 0 33.2 Transferred to capital (Stock Dividend) 0 0 33.3 Transferred from capital 0 0 34. Net remittances from or (to) Home Office 0 0 35. Dividends to stockholders (124,000,000) 0 (62,500,000) 36. Change in treasury stock 0 0 37. Aggregate write-ins for gains and losses in surplus 0 0 0 38. Change in surplus as regards policyholders (Lines 22 through 37) (97,251,614) 37,803,184 10,469,210 39. Surplus as regards policyholders, as of statement date (Lines 21 plus 38) 436,819,222 561,404,810 534,070,836 DETAILS OF WRITE-INS 0501. 0 0 0502. 0503. 0598. Summary of remaining write-ins for Line 5 from overflow page 0 0 0 0599. TOTALS (Lines 0501 through 0503 plus 0598) (Line 5 above) 0 0 0 1401. Increase in cash surrender value of business owned life insurance 198,809 182,356 409,042 1402. Risk management income 102,581 168,800 217,975 1403. Other (93) 366,049 343,116 1498. Summary of remaining write-ins for Line 14 from overflow page 0 0 0 1499. TOTALS (Lines 1401 through 1403 plus 1498) (Line 14 above) 301,297 717,205 970,133 3701. 0 0 3702. 0 0 3703. 0 0 3798. Summary of remaining write-ins for Line 37 from overflow page 0 0 0 3799. TOTALS (Lines 3701 through 3703 plus 3798) (Line 37 above) 0 0 0
4 STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY
CASH FLOW 1 2 3 Current Year Prior Year Prior Year Ended To Date To Date December 31 Cash from Operations 1. Premiums collected net of reinsurance 79,889,069 75,824,253 154,869,065 2. Net investment income 28,585,330 25,734,877 52,847,042 3. Miscellaneous income 1,218,644 531,536 597,046 4. Total (Lines 1 to 3) 109,693,043 102,090,666 208,313,153 5. Benefit and loss related payments 62,621,602 57,041,213 133,839,741 6. Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts 0 0 0 7. Commissions, expenses paid and aggregate write-ins for deductions 18,734,869 22,862,025 44,070,316 8. Dividends paid to policyholders 0 0 0 9. Federal and foreign income taxes paid (recovered) net of $ tax on capital gains (losses) 7,976,005 1,740,883 7,315,767 10. Total (Lines 5 through 9) 89,332,476 81,644,121 185,225,824 11. Net cash from operations (Line 4 minus Line 10) 20,360,567 20,446,544 23,087,329 Cash from Investments 12. Proceeds from investments sold, matured or repaid: 12.1 Bonds 153,171,726 116,223,465 232,933,901 12.2 Stocks 33,191,679 16,496,721 29,780,607 12.3 Mortgage loans 0 0 0 12.4 Real estate 0 0 0 12.5 Other invested assets 4,081,386 320,641 3,716,668 12.6 Net gains or (losses) on cash, cash equivalents and short-term investments 0 0 0 12.7 Miscellaneous proceeds 570,698 6,815,184 625,879 12.8 Total investment proceeds (Lines 12.1 to 12.7) 191,015,489 139,856,011 267,057,055 13. Cost of investments acquired (long-term only): 13.1 Bonds 95,246,238 130,011,868 208,157,304 13.2 Stocks 61,353,615 12,529,715 26,154,857 13.3 Mortgage loans 0 0 0 13.4 Real estate 0 0 0 13.5 Other invested assets 12,778,964 14,185,680 31,022,065 13.6 Miscellaneous applications 869,738 0 2,375,967 13.7 Total investments acquired (Lines 13.1 to 13.6) 170,248,555 156,727,263 267,710,193 14. Net increase (or decrease) in contract loans and premium notes 0 0 0 15. Net cash from investments (Line 12.8 minus Line 13.7 and Line 14) 20,766,934 (16,871,252) (653,138) Cash from Financing and Miscellaneous Sources 16. Cash provided (applied): 16.1 Surplus notes, capital notes 0 0 0 16.2 Capital and paid in surplus, less treasury stock 0 0 0 16.3 Borrowed funds 0 0 0 16.4 Net deposits on deposit-type contracts and other insurance liabilities 0 0 16.5 Dividends to stockholders 21,138,720 0 24,101,522 16.6 Other cash provided (applied) 0 0 0 17. Net cash from financing and miscellaneous sources (Line 16.1 through Line 16.4 minus Line 16.5 plus Line 16.6) (21,138,720) 0 (24,101,522) RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS 18. Net change in cash, cash equivalents and short-term investments (Line 11, plus Lines 15 and 17) 19,988,781 3,575,293 (1,667,331) 19. Cash, cash equivalents and short-term investments: 19.1 Beginning of year 31,894,185 33,561,516 33,561,516 19.2 End of period (Line 18 plus Line 19.1) 51,882,966 37,136,809 31,894,185
Note: Supplemental disclosures of cash flow information for non-cash transactions:
20.0001. Dividends to stockholders settled with securities 102,861,280 0 38,398,434 20.0002. Change in unsettled purchase of Other Invested Assets (670,274) 2,252,786 (2,753,699) 20.0003. 0 0
5
Statement for June 30, 2015 of the PROASSURANCE CASUALTY COMPANY
NOTES TO FINANCIAL STATEMENTS Note 1 - Summary of Significant Accounting Policies
A. Accounting practices
The financial statements of ProAssurance Casualty Company (the Company) are presented on the basis of accounting practices prescribed or permitted by the Michigan Department of Insurance and Financial Services (DIFS).
The DIFS recognizes only statutory accounting practices (SAP) prescribed or permitted by the State of Michigan for determining and reporting the financial condition and results of operations of an insurance company and for determining its solvency under the Michigan Insurance Code. The National Association of Insurance Commissioners' (NAIC) Accounting Practices and Procedures Manual has been adopted as a component of prescribed or permitted practices by the State of Michigan. The Company does not employ any accounting practices prescribed or permitted by the State of Michigan that depart from NAIC SAP, as shown in the following table:
Year-to-date period ended State of June 30, December 31, NET INCOME Domicile 2015 2014 (1) State basis (Page 4, Line 20, Columns 1 & 2) Michigan $ 37,403,191 $ 81,419,275 (2) State Prescribed Practices that increase/(decrease) NAIC SAP: Michigan — — (3) State Permitted Practices that increase/(decrease) NAIC SAP: Michigan — — (4) NAIC SAP (1-2-3=4) Michigan $ 37,403,191 81,419,275
SURPLUS (5) State basis (Page 3, Line 37, Columns 1 & 2) Michigan $ 436,819,222 $ 534,070,836 (6) State Prescribed Practices that increase/(decrease) NAIC SAP: Michigan — — (7) State Permitted Practices that increase/(decrease) NAIC SAP: Michigan — — (8) NAIC SAP (5-6-7=8) Michigan $ 436,819,222 $ 534,070,836
The term “none” or “no significant change” is used in the following footnotes to indicate that the Company does not have any items requiring disclosure under the respective footnote.
B. Use of estimates - No significant change.
C. Accounting policies
(1) - (5) No significant change.
(6) The Company reports loan-backed securities at amortized cost provided that the SVO’s designation is 1 or 2. If the SVO’s designation is 3 or greater, the Company reports the securities at the lower of amortized cost or fair value. The Company uses the prospective method to make valuation adjustments when necessary.
(7) - (13) No significant change.
Note 2 - Accounting Changes and Corrections of Errors - None.
Note 3 - Business Combinations and Goodwill
A. Statutory purchase method - None.
B. Statutory merger - None.
C. Impairment loss - None.
Note 4 - Discontinued Operations - None.
6
Statement for June 30, 2015 of the PROASSURANCE CASUALTY COMPANY
NOTES TO FINANCIAL STATEMENTS Note 5 - Investments
A. Mortgage loans, including mezzanine real estate loans - None.
B. Debt restructuring - None.
C. Reverse mortgages - None.
D. Loan-backed securities
(1) Prepayment assumptions for single-class and multi-class mortgage-backed/asset-backed securities were obtained from broker dealer survey values or internal estimates.
(2) The Company has recognized no other-than-temporary impairments of loan-backed securities for intent to sell or for inability to hold to recovery as of June 30, 2015.
(3) No loan-backed securities, held as of June 30, 2015, have incurred other-than-temporary impairments recognized in earnings based on the fact that the present value of projected cash flows expected to be collected was less than the amortized cost of the securities.
(4) For all loan-backed securities held at June 30, 2015 for which fair value is less than cost, but which have had no other-than-temporary impairment recognized in earnings, the following table displays balances, according to duration of the loss position:
a. The aggregate amount of unrealized losses: 1. Less than 12 Months $ (720,069) 2. 12 Months or Longer $ (112,006)
b. The aggregate related fair value of securities with unrealized losses: 1. Less than 12 Months $45,103,114 2. 12 Months or Longer $ 6,683,050
(5) The Company used pricing services in determining the fair value of its loan-backed securities. In determining that a security is not other-than-temporarily impaired, securities are analyzed for future cash flows by using current and expected losses, historical and expected prepayment speeds (based on Bloomberg and broker dealer survey values), and assumptions about recoveries relative to the seniority or subordination in the capital structure. If the results indicate that we will be able to maintain the current book yield, no other-than-temporary impairment is warranted.
E. Repurchase agreements and / or securities lending transactions - None.
F. Real estate - None.
G. Low income housing tax credits (LIHTC)
The Company has invested in limited partnerships whose primary benefits are derived through the utilization of tax credits and losses related to Section 42 of the Internal Revenue Code, commonly referred to as Low Income Housing Tax Credits (LIHTC). Since 2010, the Company has invested in eighteen limited partnerships totaling approximately $64,327,673 and has funded approximately $57,934,913 of the investments. The majority of the unfunded balance is due over the next 2 years. The average remaining period of unexpired tax credits is approximately 8 years and the average remaining required holding period is approximately 12 years.
6.1
Statement for June 30, 2015 of the PROASSURANCE CASUALTY COMPANY
NOTES TO FINANCIAL STATEMENTS H. Restricted assets
(1) Restricted assets (including pledged)
Gross Restricted Percentage Current Year 1 234 5 678 910 Protected G/A Total Cell Supporting Protected Account Total Admitted Total Protected Cell Assets Current Gross Restricted Restricted Asset General Cell Account Supporting Increase/ Year Restricted to Total Category Account Account Restricted G/A Total Total From (Decrease) Admitted to Total Admitted (G/A) Activity (a) Assets Activity (b) (1 plus 3) Prior Year (5 minus 6) Restricted Assets Assets a. Subject to contractual obligation for which liability is not shown $ — $ — $ — $ — $ — $ — $ — $ — — — b. Collateral held under security lending agreements — — — — — — — — — — c. Subject to repurchase agreements — — — — — — — — — — d. Subject to reverse repurchase agreements — — — — — — — — — — e. Subject to dollar repurchase agreements — — — — — — — — — — f. Subject to dollar reverse repurchase agreements — — — — — — — — — — g. Placed under option contracts — — — — — — — — — — h. Letter stock or securities restricted as to sale - excluding FHLB capital stock ———— —————— i. FHLB capital stock 672,100 — — — 672,100 695,000 (22,900) 672,100 0.1% 0.1% j. On deposit with states 2,683,450 — — — 2,683,450 2,679,887 3,563 2,683,450 0.2% 0.2% k. On deposit with other regulatory bodies — — — — — — — — — — l. Pledged as collateral to FHLB (including assets backing funding agreements) — — — — — — — — — — m. Pledged as collateral not captured in other categories — — — — — — — — — — n. Other restricted assets ———— —————— o. Total Restricted Assets $ 3,355,550 $ — $ — $ — $ 3,355,550 $ 3,374,887 $ (19,337) $ 3,355,550 0.3% 0.3%
(2) Detail of assets pledged as collateral not captured in other categories - None.
(3) Description of assets - None.
I. Working capital finance investments - None.
J. Offsetting and netting of assets and liabilities - None.
K. Structured notes
Book/Adjusted Mortgage-Referenced CUSIP Identification Actual Cost Fair Value Carrying Value Security (YES/NO) 039483BB7 $ 503,645 $ 553,731 $ 502,234 NO 49461BAB0 820,436 809,400 792,795 NO 761519BD8 501,644 495,625 495,625 NO 785592AE6 340,762 331,500 331,500 NO Total $ 2,166,487 $ 2,190,256 $ 2,122,154 XXX
6.2
Statement for June 30, 2015 of the PROASSURANCE CASUALTY COMPANY
NOTES TO FINANCIAL STATEMENTS Note 6 - Joint Ventures, Partnerships and Limited Liability Companies
A. Detail for those greater than 10% of admitted assets - None.
B. Write-downs for impairments - None.
Note 7 - Investment Income
A. Accrued investment income - None.
B. Amounts nonadmitted - None.
Note 8 - Derivative Instruments - None.
Note 9 - Income Taxes
A. The components of the net deferred tax asset/(liability) are as follows:
1.
6/30/2015 (1) (2) (3) (Col 1+2) Ordinary Capital Total
(a) Gross Deferred Tax Assets $ 22,592,933 $ 1,074,970 $ 23,667,903 (b) Statutory Valuation Allowance Adjustments ——— (c) Adjusted Gross Deferred Tax Assets (1a - 1b) 22,592,933 1,074,970 23,667,903 (d) Deferred Tax Assets Nonadmitted 2,298,530 — 2,298,530 (e) Subtotal Net Admitted Deferred Tax Asset (1c - 1d) 20,294,403 1,074,970 21,369,373 (f) Deferred Tax Liabilities 564,779 5,523,656 6,088,435 (g) Net Admitted Deferred Tax Asset/(Net Deferred Tax Liability)(1e-1f) $ 19,729,624 $ (4,448,686) $ 15,280,938
12/31/2014 (4) (5) (6) (Col 4+5) Ordinary Capital Total
(a) Gross Deferred Tax Assets $ 24,353,497 $ 342,407 $ 24,695,904 (b) Statutory Valuation Allowance Adjustments ——— (c) Adjusted Gross Deferred Tax Assets (1a - 1b) 24,353,497 342,407 24,695,904 (d) Deferred Tax Assets Nonadmitted ——— (e) Subtotal Net Admitted Deferred Tax Asset (1c - 1d) 24,353,497 342,407 24,695,904 (f) Deferred Tax Liabilities 949,496 7,085,071 8,034,567 (g) Net Admitted Deferred Tax Asset/(Net Deferred Tax Liability)(1e-1f) $ 23,404,001 $ (6,742,664) $ 16,661,337
Change (7) (8) (9) (Col 1-4) (Col 2-5) (Col 7+8) Ordinary Capital Total
(a) Gross Deferred Tax Assets $ (1,760,564) $ 732,563 $ (1,028,001) (b) Statutory Valuation Allowance Adjustments ——— (c) Adjusted Gross Deferred Tax Assets (1a - 1b) (1,760,564) 732,563 (1,028,001) (d) Deferred Tax Assets Nonadmitted 2,298,530 — 2,298,530 (e) Subtotal Net Admitted Deferred Tax Asset (1c - 1d) (4,059,094) 732,563 (3,326,531) (f) Deferred Tax Liabilities (384,717) (1,561,415) (1,946,132) (g) Net Admitted Deferred Tax Asset/(Net Deferred Tax Liability)(1e-1f) $ (3,674,377) $ 2,293,978 $ (1,380,399)
6.3
Statement for June 30, 2015 of the PROASSURANCE CASUALTY COMPANY
NOTES TO FINANCIAL STATEMENTS 2.
6/30/2015 (1) (2) (3) (Col 1+2) Admission Calculation Components SSAP No. 101 Ordinary Capital Total
(a) Federal Income Taxes Paid in Prior Years Recoverable Through Loss Carrybacks $ 13,046,773 $ — $ 13,046,773 (b) Adjusted Gross Deferred Tax Assets Expected To Be Realized (Lesser of 2(b)1 and 2(b)2 Below) $ 2,234,166 $ — $ 2,234,166 (1) Adjusted Gross Deferred Tax Assets Expected To Be Realized Following the Balance Sheet Date $ 2,234,166 $ — $ 2,234,166 (2) Adjusted Gross Deferred Tax Assets Allowed per Limitation Threshold XXX XXX $ 63,252,424 (c) Adjusted Gross Deferred Tax Assets Offset by Gross Deferred Tax Liabilities $ 5,013,464 $ 1,074,970 $ 6,088,434 (d) Deferred Tax Assets Admitted as the result of application of SSAP No. 101 $ 20,294,403 $ 1,074,970 $ 21,369,373
12/31/2014 (4) (5) (6) (Col 4+5) Ordinary Capital Total
(a) Federal Income Taxes Paid in Prior Years Recoverable Through Loss Carrybacks $ 18,002,514 $ — $ 18,002,514 (b) Adjusted Gross Deferred Tax Assets Expected To Be Realized (Lesser of 2(b)1 and 2(b)2 Below) $ 3,717,234 $ — $ 3,717,234 (1) Adjusted Gross Deferred Tax Assets Expected To Be Realized Following the Balance Sheet Date $ 3,717,234 $ — $ 3,717,234 (2) Adjusted Gross Deferred Tax Assets Allowed per Limitation Threshold XXX XXX $ 77,682,370 (c) Adjusted Gross Deferred Tax Assets Offset by Gross Deferred Tax Liabilities $ 2,633,749 $ 342,407 $ 2,976,156 (d) Deferred Tax Assets Admitted as the result of application of SSAP No. 101 $ 24,353,497 $ 342,407 $ 24,695,904
Change (7) (8) (9) (Col 1-4) (Col 2-5) (Col 7+8) Ordinary Capital Total
(a) Federal Income Taxes Paid in Prior Years Recoverable Through Loss Carrybacks $ (4,955,741) $ — $ (4,955,741) (b) Adjusted Gross Deferred Tax Assets Expected To Be Realized (Lesser of 2(b)1 and 2(b)2 Below) $ (1,483,068) $ — $ (1,483,068) (1) Adjusted Gross Deferred Tax Assets Expected To Be Realized Following the Balance Sheet Date $ (1,483,068) $ — $ (1,483,068) (2) Adjusted Gross Deferred Tax Assets Allowed per Limitation Threshold XXX XXX $ (14,429,946) (c) Adjusted Gross Deferred Tax Assets Offset by Gross Deferred Tax Liabilities $ 2,379,715 $ 732,563 $ 3,112,278 (d) Deferred Tax Assets Admitted as the result of application of SSAP No. 101 $ (4,059,094) $ 732,563 $ (3,326,531)
3.
6/30/2015 12/31/2014 (a) Ratio Percentage Used To Determine Recovery Period And Threshold Limitation Amount 787% 965% (b) Amount Of Adjusted Capital And Surplus Used To Determine Recovery Period And Threshold Limitation in 2(b)2 Above $ 421,740,936 $ 517,409,499
6.4
Statement for June 30, 2015 of the PROASSURANCE CASUALTY COMPANY
NOTES TO FINANCIAL STATEMENTS 4.
6/30/2015 (1) (2)
Impact of Tax-Planning Strategies Ordinary Capital
(a) Determination Of Adjusted Gross Deferred Tax Assets And Net Admitted Deferred Tax Assets, By Tax Character As A Percentage. 1. Adjusted Gross DTAs Amount From Note 9A1(c) $ 22,592,933 $ 1,074,970 2. Percentage Of Adjusted Gross DTAs By Tax Character Attributable To The Impact Of Tax Planning Strategies —— 3. Net Admitted Adjusted Gross DTAs Amount From Note 9A1(e) 20,294,403 1,074,970 4. Percentage Of Net Admitted Adjusted Gross DTAs By Tax Character Admitted Because Of The Impact Of Tax Planning Strategies ——
12/31/2014 (3) (4)
Ordinary Capital
(a) Determination Of Adjusted Gross Deferred Tax Assets And Net Admitted Deferred Tax Assets, By Tax Character As A Percentage. 1. Adjusted Gross DTAs Amount From Note 9A1(c) $ 24,353,497 $ 342,407 2. Percentage Of Adjusted Gross DTAs By Tax Character Attributable To The Impact Of Tax Planning Strategies —— 3. Net Admitted Adjusted Gross DTAs Amount From Note 9A1(e) 24,353,497 342,407 4. Percentage Of Net Admitted Adjusted Gross DTAs By Tax Character Admitted Because Of The Impact Of Tax Planning Strategies ——
Change (5) (6) (Col 1-3) (Col 2-4) Ordinary Capital
(a) Determination Of Adjusted Gross Deferred Tax Assets And Net Admitted Deferred Tax Assets, By Tax Character As A Percentage. 1. Adjusted Gross DTAs Amount From Note 9A1(c) $ (1,760,564) $ 732,563 2. Percentage Of Adjusted Gross DTAs By Tax Character Attributable To The Impact Of Tax Planning Strategies —— 3. Net Admitted Adjusted Gross DTAs Amount From Note 9A1(e) (4,059,094) 732,563 4. Percentage Of Net Admitted Adjusted Gross DTAs By Tax Character Admitted Because Of The Impact Of Tax Planning Strategies ——
(b) Does the Company's tax-planning strategies include the use of reinsurance? No
B. Deferred Tax Liabilities Not Recognized - None.
6.5
Statement for June 30, 2015 of the PROASSURANCE CASUALTY COMPANY
NOTES TO FINANCIAL STATEMENTS C. Current income taxes consist of the following major components:
(1) (2) (3) (Col 1-2) 6/30/2015 12/31/2014 Change 1. Current Income Tax
(a) Federal $ 3,466,506 $ 17,679,007 $(14,212,501) (b) Foreign — — — (c) Subtotal 3,466,506 17,679,007 (14,212,501) (d) Federal income tax on net capital gains 4,310,950 3,142,739 1,168,211 (e) Utilization of capital loss carry-forwards — — — (f) Other — (1,959,633) 1,959,633 (g) Federal and foreign income taxes incurred 7,777,456 18,862,113 (11,084,657)
2. Deferred Tax Assets:
(a) Ordinary (1) Discounting of unpaid losses 15,417,628 15,855,186 (437,558) (2) Unearned premium reserve 4,696,391 4,703,897 (7,506) (3) Policyholder reserves — — — (4) Investments — — — (5) Deferred acquisition costs — — — (6) Policyholder dividends accrual — — — (7) Fixed assets 656,711 611,935 44,776 (8) Compensation and benefits accrual 1,103,746 1,839,902 (736,156) (9) Pension accrual — — — (10) Receivables - nonadmitted 95,921 165,903 (69,982) (11) Net operating loss carry-forward — — — (12) Tax credit carry-forward — — — (13) Other (including items <5% of total ordinary tax assets) 622,536 1,176,674 (554,138) (99) Subtotal 22,592,933 24,353,497 (1,760,564)
(b) Statutory valuation allowance adjustment — — — (c) Nonadmitted 2,298,530 — 2,298,530
(d) Admitted ordinary deferred tax assets (2a99 - 2b - 2c) 20,294,403 24,353,497 (4,059,094)
(e) Capital (1) Investments 1,074,970 342,407 732,563 (2) Net capital loss carry-forward — — — (3) Real estate — — — (4) Other (including items <5% of total capital tax assets) — — — (99) Subtotal 1,074,970 342,407 732,563
(f) Statutory valuation allowance adjustment — — — (g) Nonadmitted — — —
(h) Admitted capital deferred tax assets (2e99 - 2f - 2g) 1,074,970 342,407 732,563
(i) Admitted deferred tax assets (2d + 2h) 21,369,373 24,695,904 (3,326,531)
3. Deferred Tax Liabilities:
(a) Ordinary (1) Investments 268,739 306,141 (37,402) (2) Fixed assets — — — (3) Deferred and uncollected premium — — — (4) Policyholder reserves — — — (5) Other (including items <5% of total ordinary tax liabilities) 296,040 643,355 (347,315) (99) Subtotal 564,779 949,496 (384,717)
(b) Capital (1) Investments 5,523,656 7,085,071 (1,561,415) (2) Real estate — — — (3) Other (including items <5% of total capital tax liabilities) — — — (99) Subtotal $ 5,523,656 $ 7,085,071 $ (1,561,415)
(c) Deferred tax liabilities(3a99 + 3b99) $ 6,088,435 $ 8,034,567 $ (1,946,132)
4. Net deferred tax assets/liabilities (2i - 3c) $ 15,280,938 $ 16,661,337 $ (1,380,399)
6.6
Statement for June 30, 2015 of the PROASSURANCE CASUALTY COMPANY
NOTES TO FINANCIAL STATEMENTS
6/30/2015 12/31/2014 Change Total deferred tax assets 23,667,903 24,695,904 (1,028,001) Total deferred tax liabilities 6,088,435 8,034,567 (1,946,132) Net deferred tax asset 17,579,468 16,661,337 918,131 Tax effect of unrealized [(gains)/losses] (1,545,492) (4,887,359) 3,341,867 Change in net deferred income tax [(charge)/benefit] $ 19,124,960 $ 21,548,696 (2,423,736)
D. Deferred Tax Liabilities Not Recognized - None.
Among the more significant book to tax adjustments were the following:
June 30, 2015 Effective Amount Tax Effect Tax Rate Provision computed at statutory rate $ 45,180,647 $ 15,813,226 35.0 % Tax-exempt interest (4,500,125) (1,575,044) (3.5)% Low income housing tax credits — (3,126,076) (6.9)% Change in nonadmitted assets 274,415 96,045 0.2 % Other (2,877,025) (1,006,959) (2.2)% Totals $ 38,077,912 $ 10,201,192 22.6 %
Federal income taxes incurred [expense/(benefit)] $ 3,466,506 7.7 % Tax on gains/(losses) 4,310,950 9.5 % Change in net deferred income tax [charge/(benefit)] 2,423,736 5.4 % Total statutory income taxes $ 10,201,192 22.6 %
E. Operating loss and tax credit carryforwards and protective tax deposits
1. At June 30, 2015, the Company did not have any unused operating loss carryforwards available to offset against future taxable income.
2. The following is income tax expense for 2015 and 2014 that is available for recoupment in the event of future net losses.
June 30, 2015 $ 7,777,456 December 31, 2014 $ 21,496,807
3. The Company did not have any protective tax deposits under Section 6603 of the Internal Revenue Code.
F. Consolidated federal income tax return
1. The Company and the domestic entities listed in Schedule Y, except ProAssurance American Mutual, A Risk Retention Group (ProAssurance American), are included in the consolidated federal income tax return of ProAssurance Corporation, the ultimate parent.
2. The method of allocation among companies is subject to a written agreement, approved by the Board of Directors, whereby allocation is made based upon separate return calculations in proportion to the total positive separate company taxable incomes of the group.
6.7
Statement for June 30, 2015 of the PROASSURANCE CASUALTY COMPANY
NOTES TO FINANCIAL STATEMENTS Note 10 - Information Concerning Parent, Subsidiaries, Affiliates and Other Related Parties
A. Nature of relationships
ProAssurance American is a risk retention group that was organized in the District of Columbia on January 1, 2015 by ProAssurance Indemnity Company, Inc. (PRA Indemnity). PRA Indemnity has no equity ownership in ProAssurance American because ProAssurance American is owned exclusively by its policyholders as its members; ProAssurance American currently has no policyholder-members. The initial Board of Directors of ProAssurance American was appointed by PRA Indemnity in the application for the charter of ProAssurance American; the initial directors are comprised exclusively of persons who are directors and/or officers of PRA Indemnity; and the bylaws of ProAssurance American provide the initial Board of Directors will serve until the first annual meeting of the members of ProAssurance American or until their successors are elected and qualified. PRA Indemnity has been engaged by ProAssurance American to act as the third party administrator for its policies under a Program Management Agreement between ProAssurance American and PRA Indemnity and PRA Indemnity will also serve as the captive manager pursuant to a Management Agreement. PRA Indemnity has provided the initial capital of ProAssurance American by advancing $10 million in exchange for a surplus note issued by ProAssurance American to PRA Indemnity. The bylaws of ProAssurance American include certain covenants that will remain in effect so long as the surplus note is outstanding.
B. Detail of transactions greater than 0.5% of admitted assets - None.
C. Effect of change in terms of related party transactions - None.
D. Amounts due (to) or from related parties:
June 30, December 31, 2015 2014 ProAssurance Specialty Insurance Company, Inc. $ 16,856 $ 37,544 ProAssurance Mid-Continent Underwriters, Inc. 65,483 105,844 Subtotal: due from affiliates 82,339 143,388
ProAssurance Group Services Corporation (24,423) (24,423) ProAssurance Corporation (1,110,247) (394,305) ProAssurance Indemnity Company, Inc. (11,289,631) (6,385,237) Subtotal: due to affiliates (12,424,301) (6,803,965) Total due to affiliates $ (12,341,962) $ (6,660,577)
Affiliate balances are normally settled in the succeeding month.
E. Guarantees or contingencies for related parties - None.
F. Management, service contracts, cost sharing agreements
The Company participates in an Expense Allocation Agreement and a Management Services Agreement (the Agreements) with affiliates under which expenses are allocated in accordance with SSAP No. 70 - Allocation of Expenses.
Effective January 1, 2015, the Management Services Agreement was updated to reflect a manager change from PRA Indemnity to ProAssurance Group Services Corporation (PRAGS). The Agreement provides for a management fee to be charged starting in 2015. As a matter of practice, management fees are paid directly to ProAssurance Corporation on behalf of the manager as warranted based on where the expenses for services provided under the Management Services Agreement are originally incurred, as directed by the Manager.
G. Nature of control relationships - None.
H. Amounts deducted from value of upstream intermediate entity or ultimate parent owned
The Company owns shares of its ultimate parent, ProAssurance Corporation, whose shares are publicly traded. The statement value of the investment is based on the fair value of the shares reduced by $7,401 for the reciprocal ownership calculation by the NAIC Securities Valuation Office.
I. Investments in SCA entities exceeding 10% of admitted assets - None.
J. Impairments of SCA entities - None.
K. Investments in foreign insurance subsidiaries - None.
L. Valuation of downstream noninsurance holding company - None.
6.8
Statement for June 30, 2015 of the PROASSURANCE CASUALTY COMPANY
NOTES TO FINANCIAL STATEMENTS Note 11 - Debt
A. Amount, interest, maturities, collateral, covenants - None.
B. Funding agreements with Federal Home Loan Bank (FHLB)
(1) The Company is a member of the Federal Home Loan Bank (FHLB) of Indianapolis. Through its membership, the Company has access to cash advances, but has not established a line of credit or utilized the arrangement to any material standard. The Company plans to utilize these funds for liquidity purposes or other operational needs if necessary. Any funds obtained from the FHLB of Indianapolis for use in general operations would be accounted for consistent with SSAP No. 15, Debt and Holding Company Obligations, as borrowed money. The Company has determined the estimated maximum borrowing capacity as approximately $149 million.
(2) FHLB Capital Stock
a. Aggregate Totals
1. Current Year
123 Total General Separate 2+3 Account Accounts (a) Membership Stock - Class A $ 672,100 $ 672,100 $ — (b) Membership Stock - Class B — — — (c) Activity Stock — — — (d) Excess Stock — — — (e) Aggregate Total $ 672,100 $ 672,100 $ — (f) Estimated Borrowing Capacity as determined by the Insurer $ 149,250,000 XXX XXX
2. Prior Year-end
123 Total General Separate 2+3 Account Accounts (a) Membership Stock - Class A $ 695,000 $ 695,000 $ — (b) Membership Stock - Class B — — — (c) Activity Stock — — — (d) Excess Stock — — — (e) Aggregate Total $ 695,000 $ 695,000 $ — (f) Estimated Borrowing Capacity as determined by the Insurer $ 20,850,000 XXX XXX
b. Membership Stock (Class A and B) Eligible for Redemption
Not Eligible 6 Months 1 to Less Current for Less Than to Less Than 3 3 to 5 Membership Stock Year Total Redemption 6 Months Than 1 Year Years Years 1. Class A $ 672,100 $ 672,100 $ — $ — $ — $ — 2. Class B — — — — — —
(3) Collateral Pledged to FHLB - None.
(4) Borrowing from FHLB - None.
Note 12 - Retirement Plans, Deferred Compensation, Postemployment Benefits and Compensated Absences and Other Postretirement Benefit Plans
A. Defined benefit plans - None.
B. Defined contribution plans - See D: Consolidated/Holding company plans.
C. Multiemployer plans - None.
D. Consolidated/Holding company plans - No significant change.
E. Postemployment benefits and compensated absences - None.
F. Impact of Medicare Modernization Act on postretirement benefits - None.
6.9
Statement for June 30, 2015 of the PROASSURANCE CASUALTY COMPANY
NOTES TO FINANCIAL STATEMENTS Note 13 - Capital and Surplus, Dividend Restrictions and Quasi-Reorganizations
1. Capital stock outstanding - No significant change.
2. Dividend rate of preferred stock - None.
3. Dividend restrictions - No significant change.
4. Dates and amounts of dividends paid
The Company declared an ordinary dividend of $11,800,000 and an extraordinary dividend of $112,200,000 on April 8, 2015 to be paid to its parent no later than May 30, 2015. The ordinary dividend was not disapproved and the extraordinary dividend was approved on April 24, 2015. Both dividends were paid in cash and securities on May 12, 2015.
5. Amount of ordinary dividends that may be paid
After the dividend declared April 8, 2015, no dividends may be paid in 2015 without prior approval of the DIFS.
6. Restrictions on unassigned funds - None.
7. Advances to surplus not repaid for mutual reciprocals - Not applicable.
8. Stock held for special purposes - Not applicable.
9. Changes in balances of special surplus funds - None.
10. Unassigned funds represented by cumulative unrealized gains / (losses)
The portion of unassigned funds (surplus) represented by cumulative unrealized capital gains / (losses) is $4,434,758.
11. Surplus notes - No significant change.
12. Impact of quasi-reorganization - None.
13. Effective date of quasi-reorganization - None.
Note 14 - Liabilities, Contingencies and Assessments
A. Contingent commitments
1. Total SSAP No. 97, Investments in Subsidiary, Controlled and Affiliated Entities, A Replacement of SSAP No. 88, and SSAP No. 48, Joint Ventures, Partnerships and Limited Liability Company contingent liabilities $ 53,951,836 The Company has committed to invest additional funds in limited partnerships or limited liability companies carried on Schedule BA, as follows:
The Company has a remaining commitment of $1,750,000 of the original $5,000,000 committed to the Morgan Keegan partnership. The Company has effectively funded its commitment through reinvested capital and expects no further capital to be drawn down by the General Partner, although the original commitment is still legally outstanding.
The Company has a remaining commitment of approximately $325,056 of the original $1,500,000 committed to the New Capital Partners Private Equity Fund II, L.P. The investment period has ended. The General Partner has the right to call capital as needed for continued funding of current investments to the extent that uncalled capital is available until the termination of the LP in 2020.
The Company has a remaining commitment of approximately $7,582,968 of the original $25,000,000 committed to ArcLight V, L.P., an energy infrastructure private equity fund. Capital is expected to be called periodically over the five year period following the Fund’s final closing date, November 1, 2011.
The Company has a remaining commitment of approximately $6,627,810 of the original $25,000,000 committed to Neuberger Berman Strategic Co-Investment Partners II, L.P., a private equity fund. Capital is expected to be called periodically over a four year period following the Fund’s final closing date, January 31, 2013.
The Company has a remaining commitment of approximately $5,600,000 of the original $20,000,000 committed to Audax Senior Loan Fund, L.P. Capital is expected to be called periodically over a three year period following the Fund’s final closing date, August 31, 2013.
The Company has a remaining commitment of approximately $18,300,080 of the original $25,000,000 committed to the Neuberger Berman Secondary Opportunities Fund III LP. Capital is expected to be called periodically over a four year period following the Fund’s final closing date, October 22, 2013.
6.10
Statement for June 30, 2015 of the PROASSURANCE CASUALTY COMPANY
NOTES TO FINANCIAL STATEMENTS The Company has a remaining commitment of approximately $7,373,162 of the original $12,500,000 committed to the Neuberger Berman Private Debt Fund LP. Capital is expected to be called periodically over a three year period following the Fund’s final closing date, which has yet to be determined.
Additionally, the Company has invested in various Low Income Housing Tax Credit (LIHTC) limited partnerships accounted for under SSAP No. 93. See Note 5.G. for additional information. As of June 30, 2015, the Company has unfunded investments in these LIHTC limited partnerships that are expected to be settled as follows:
2015 $ 5,822,493 2016 76,267 2017 87,966 2018 56,339 2019 50,770 2020 and thereafter 298,925 For all periods $ 6,392,760
B. Assessments - None.
C. Gain contingencies - None.
D. Claims related extra contractual obligation and bad faith losses stemming from lawsuits
The company paid the following amounts in the reporting period to settle claims related extra contractual obligations or bad faith claims stemming from lawsuits.
Claims related ECO and bad faith losses paid during the reporting period $75,000 Number of claims where amounts were paid to settle claims related extra contractual obligations or bad faith claims resulting from lawsuits during the reporting period. A (for 0-25 claims) Indicate whether claim count information is disclosed per claim or per claimant. G (for per claimant)
E. Product warranties - None.
F. Joint and several liabilities - None.
G. All other contingencies - No significant change.
Note 15 - Leases
A. Lessee leasing arrangements - No significant change.
B. Lessor leasing arrangements - None.
Note 16 - Information About Financial Instruments With Off-Balance Sheet Risk and Financial Instruments With Concentrations of Credit Risk - None.
Note 17 - Sale, Transfer and Servicing of Financial Assets and Extinguishments of Liabilities
A. Transfers of receivables reported as sales - None.
B. Transfer and servicing of financial assets - None.
C. Wash sales
1. The Company employs multiple equity managers who may periodically generate a wash sale as a result of normal portfolio management activities. Additionally, with multiple managers, there exists the potential for one manager to sell and another to reacquire the same security within 30 days.
2. No securities with an NAIC designation of 3 or below, nor unrated were sold and reacquired within 30 days during the quarter ended June 30, 2015.
Note 18 - Gain or Loss to the Reporting Entity from Uninsured Plans and the Uninsured Portion of Partially Insured Plans
A. ASO plans - None.
B. ASC plans - None.
C. Medicare or similarly structured cost based reimbursement contract - None.
6.11
Statement for June 30, 2015 of the PROASSURANCE CASUALTY COMPANY
NOTES TO FINANCIAL STATEMENTS Note 19 - Direct Premium Written/Produced by Managing General Agents/Third Party Administrators
Name and Address of Managing Types of Types of Total Direct General Agent or Third Party Exclusive Business Authority Premium Written / Administrator FEIN Number Contract Written Granted Produced by Total $ 3,216,507
The total premium written / produced by Managing General Agents / Third Party Administrators is less than 5% of surplus.
Note 20 - Fair Value Measurements
A. 1. Fair value measurements at reporting date:
June 30, 2015 (1) (2) (3) (4) (5) Description Level 1 Level 2 Level 3 Total a. Assets at fair value Bonds $ — $ 55,698,986 $ — $ 55,698,986 Preferred stock — — 51,240 51,240 Common stock 106,780,308 — 76,762 106,857,070 Other invested assets — — — — Total assets at fair value $ 106,780,308 $ 55,698,986 $ 128,002 $ 162,607,296
December 31, 2014 (1) (2) (3) (4) (5) Description Level 1 Level 2 Level 3 Total Assets at fair value Bonds $ — $ 57,614,207 $ — $ 57,614,207 Preferred stock — — — — Common stock 80,665,304 — — 80,665,304 Other invested assets — — 695,000 695,000 Total assets at fair value $ 80,665,304 $ 57,614,207 $ 695,000 $ 138,974,511
Transfers between Levels 1 and 2 of the fair value hierarchy - None.
2. Fair value measurements in Level 3 of the fair value hierarchy
The other invested asset below transferred out of Level 3 because it was determined that this security was not measured at fair value at June 30, 2015.
The preferred stock below transferred into Level 3 as a partial replacement for a bond due to a debt restructuring of a bank loan participation. The preferred stock below was exchanged for common stock during the quarter. Both were valued using limited observable inputs.
Other invested assets Preferred stock Common stock Total Balance at 01/01/2015 $ 695,000 $ — $ — $ 695,000 Transfers in — — — — Transfers out (695,000) — — (695,000) Total gains and (losses) — Included in net income — — — — Included in surplus — 48,253 (79,701) (31,448) Purchases — 159,450 156,463 315,913 Issuances — — — — Sales — (156,463) — (156,463) Settlements — — — — Balance at 6/30/2015 $ — $ 51,240 $ 76,762 $ 128,002
3. The Company’s policy is to recognize transfers between levels at the end of the reporting period.
4. The Company values securities in the Level 1 category using unadjusted quoted prices for identical assets and liabilities in active markets accessible at the measurement date.
The Company values securities in the Level 2 category using market data obtained from sources independent of the reporting entity (observable inputs). Level 2 inputs generally include quoted prices in markets that are not active, quoted prices for similar assets or liabilities, and results from pricing models that use observable inputs such as interest rates and yield curves that are generally available at commonly quoted intervals.
6.12
Statement for June 30, 2015 of the PROASSURANCE CASUALTY COMPANY
NOTES TO FINANCIAL STATEMENTS The fair values for securities included in the Level 2 category have been developed by third party, nationally recognized pricing services. These services use complex methodologies to determine values for securities and subject the values they develop to quality control reviews. Management reviews service-provided values for reasonableness by comparing data among pricing services and to available market and trade data. Values that appear inconsistent are further reviewed for appropriateness. If a value does not appear reasonable, the valuation is discussed with the service that provided the value and would be adjusted, if necessary. No such adjustments have been necessary to date.
The Company values assets classified as Level 3 in the Fair Value Hierarchy using the Company’s own assumptions about market participant assumptions based on the best information available in the circumstances (non-observable inputs). Level 3 inputs are used in situations where little or no Level 1 or 2 inputs are available or are inappropriate given the particular circumstances. Level 3 inputs include results from pricing models for which some or all of the inputs are not observable, discounted cash flow methodologies, single non-binding broker quotes and adjustments to externally quoted prices that are based on management judgment or estimation.
Additional information regarding the valuation methodologies used by the pricing services by security type is included in C. Fair Values of Financial Instruments below.
5. Fair value of derivative assets and liabilities - None.
B. Additional fair value disclosures - None.
C. Fair values of financial instruments
June 30, 2015 Aggregate Fair Admitted Not Practicable Type of Financial Instrument Value Assets (Level 1) (Level 2) (Level 3) (Carrying Value) Bonds $ 827,105,366 $ 800,449,594 $ — $ 827,105,366 $ — $ — Preferred stocks 51,240 51,240 — — 51,240 — Common stocks 106,885,536 106,878,134 106,808,774 — 76,762 — Short term investments 36,183,152 36,183,152 36,183,152 — — — Other invested assets 55,464,561 49,454,612 — 3,818,878 51,645,683 — Aggregate write-ins for other than invested assets: Cash surrender value of company owned life insurance 11,153,107 11,153,107 — — 11,153,107 —
December 31, 2014 Aggregate Fair Admitted Not Practicable Type of Financial Instrument Value Assets (Level 1) (Level 2) (Level 3) (Carrying Value) Bonds $ 998,772,673 $ 958,951,343 $ — $ 998,772,673 $ — $ — Preferred stocks — — — — — — Common stocks 80,693,117 80,686,997 80,693,117 — — — Short term investments 23,490,454 23,490,454 23,490,454 — — — Other invested assets 57,534,286 52,858,282 — 3,849,632 53,684,654 — Aggregate write-ins for other than invested assets: Cash surrender value of company owned life insurance 12,175,393 12,175,393 — — 12,175,393 —
The following methods are used to estimate fair value for the instruments included in the above table and for fair value measurements in the financial statements in the table A1. Fair Value Measurements at Reporting Date, above.
Short term investments in Level 1 are valued at cost which approximates fair value.
Level 2 Valuation Methodologies
Below is a summary description of the valuation methodologies primarily used by the pricing services for bonds included in the Level 2 category, by security type:
U.S. Government obligations are valued based on quoted prices for identical assets, or, in markets that are not active, quotes for similar assets, taking into consideration adjustments for variations in contractual cash flows and yields to maturity.
U.S. Government-sponsored enterprise obligations are valued using pricing models that consider current and historical market data, normal trading conventions, credit ratings, and the particular structure and characteristics of the security being valued, such as yield to maturity, redemption options, and contractual cash flows. Adjustments to model inputs or model results are included in the valuation process when necessary to reflect recent events, such as regulatory, government or corporate actions or significant economic, industry or geographic events that would affect the security’s fair value.
State and municipal bonds are valued using a series of matrices that consider credit ratings, the structure of the security, the sector in which the security falls, yields, and contractual cash flows. Valuations are further adjusted, when necessary, to reflect recent events such as significant economic or geographic events or ratings changes that would affect the security’s fair value.
6.13
Statement for June 30, 2015 of the PROASSURANCE CASUALTY COMPANY
NOTES TO FINANCIAL STATEMENTS Corporate debt consists primarily of corporate bonds, but also includes a small number of bank loans and certificates of deposit with original maturities greater than one year. The methodology used to value Level 2 corporate bonds is the same as the methodology previously described for U.S. Government-sponsored enterprise obligations. Bank loans are valued by an outside vendor based upon a widely distributed, loan-specific listing of average bid and ask prices published daily by an investment industry group. The publisher of the listing derives the averages from data received from multiple market-makers for bank loans.
Residential and commercial mortgage backed securities. Agency pass-through securities are valued using a matrix, considering the issuer type, coupon rate and longest cash flows outstanding. The matrix is developed daily based on available market information. Agency and non-agency collateralized mortgage obligations are both valued using models that consider the structure of the security, current and historical information regarding prepayment speeds, ratings and ratings updates, and current and historical interest rate and interest rate spread data. Evaluations of Alt-A mortgages include a review of collateral performance data, which is generally updated monthly.
Other asset-backed securities are valued using models that consider the structure of the security, monthly payment information, current and historical information regarding prepayment speeds, ratings and ratings updates, and current and historical interest rate and interest rate spread data. Spreads and prepayment speeds consider collateral type.
Evaluations of subprime mortgages are the same as the evaluation methodology previously described for Alt-A mortgages.
Other Invested Assets included in the Level 2 category are surplus debentures issued by an unaffiliated insurance company. The methodology used to value these debentures is the same as the methodology previously described for U.S. Government-sponsored enterprise obligations and Corporate debt.
Level 3 Valuations
The Company values assets and liabilities classified as Level 3 in the Fair Value Hierarchy using the Company’s own assumptions about market participant assumptions based on the best information available in the circumstances (non- observable inputs). Level 3 inputs are used in situations where little or no Level 1 or 2 inputs are available or are inappropriate given the particular circumstances. Level 3 inputs include results from pricing models for which some or all of the inputs are not observable, discounted cash flow methodologies, single non-binding broker quotes and adjustments to externally quoted prices that are based on management judgment or estimation.
Level 3 Valuation Processes
• Level 3 securities are priced by the Company’s Vice President of Investments, who reports to the Treasurer. • Level 3 valuations are computed quarterly. Prices are evaluated quarterly against prior period prices and the expected change in price. • The Company’s Level 3 valuations are not overly sensitive to changes in the unobservable inputs used. The securities noted in the disclosure are primarily investment grade debt where comparable market inputs are commonly available for evaluating the securities in question.
Level 3 Valuation Methodologies
Below is a summary description of the valuation methodologies primarily used by the pricing services for bonds included in the Level 3 category, by security type:
State and municipal bonds consists of auction rate municipal bonds valued internally using published quotes for similar securities or by using a model based on discounted cash flows using yields currently available on fixed rate securities with a similar term and collateral, adjusted to consider the effect of a floating rate and a premium for illiquidity.
Corporate debt consists of corporate bonds. Valuations are determined using dealer quotes for similar securities or discounted cash flow models using yields currently available for similar securities. Similar securities are defined as securities having like terms and payment features that are of comparable credit quality. Assessments of credit quality are based on nationally recognized statistical rating organization (NRSRO) ratings, if available, or are subjectively determined by management if not available.
Below is a summary description of the valuation methodologies used for other financial instruments included in the Level 3 category, by security type:
Other Invested Assets listed in the table above includes investments in Federal Home Loan Bank (FHLB) common stock and in tax credit partnerships. The estimated fair value of the FHLB common stock is based on the amount the Company would receive if its membership were canceled, as the membership cannot be sold. Fair values of investments in tax credit partnerships are based on the present value of the cash flows expected to be generated by the partnerships discounted at rates for investments with similar risk structures and repayment periods.
Aggregate write-ins for Other than Invested Assets listed in the table above include Business Owned Life Insurance (BOLI). The fair value of the BOLI is the cash surrender value associated with the policies on the valuation date.
D. Items for which it is not practicable to estimate fair value - None.
6.14
Statement for June 30, 2015 of the PROASSURANCE CASUALTY COMPANY
NOTES TO FINANCIAL STATEMENTS Note 21 - Other Items
A. Extraordinary items - None.
B. Troubled debt restructuring: debtors - None.
C. Other disclosures and unusual items
Agents’ Balances Certification, Section 625.012(5), Florida Statutes
At June 30, 2015 the Company had admitted assets of $7,837,909 in accounts receivable for amounts due from policyholders and agents. The Company routinely assesses the collectibility of these receivables and establishes allowance for uncollectible amounts. There are no amounts due from “controlled” or “controlling” persons included in this balance.
D. Business interruption insurance recoveries - None.
E. State transferable tax credits - None.
F. Subprime-mortgage-related risk exposure
1. The Company defines subprime by the description of the underlying assets as provided by Bloomberg data, using a combination of: higher than average interest rates on underlying loans, credit scores, and high loan-to-value ratios.
2. Direct exposure through subprime mortgage loans - None.
3. Direct exposure through other investments - None.
4. Underwriting exposure to subprime mortgage risk through Mortgage Guaranty or Financial Guaranty insurance coverage - None.
Note 22 - Events Subsequent - None.
Note 23 - Reinsurance
A. Unsecured reinsurance recoverables - None.
B. Reinsurance recoverables in dispute - None.
C. Reinsurance assumed and ceded
(1)
Assumed Reinsurance Ceded Reinsurance Net Unearned Commission Unearned Commission Unearned Commission Premium Equity Premium Equity Premium Equity a. Affiliates $ 9,669,306 $ 3,384,257 $ 16,936 $ 2,540 $ 9,652,370 $ 3,381,717 b. All other — — 14,542,275 1,602,405 (14,542,275) (1,602,405) c. Total $ 9,669,306 $ 3,384,257 $ 14,559,211 $ 1,604,945 $ (4,889,905) $ 1,779,312
d. Direct Unearned Premium Reserve: $100,851,551
(2) Additional or return commission predicated on loss experience or other profit sharing arrangements - None.
(3) The Company does not use protected cells as an alternative to traditional reinsurance.
D. Uncollectible reinsurance - None.
E. Commutation of ceded reinsurance - None.
F. Retroactive reinsurance - None.
G. Reinsurance accounted for as a deposit - None.
H. Transfer of property and casualty run-off agreements - None.
6.15
Statement for June 30, 2015 of the PROASSURANCE CASUALTY COMPANY
NOTES TO FINANCIAL STATEMENTS Note 24 - Retrospectively Rated Contracts & Contracts Subject to Redetermination
A. The Company sells medical professional liability policies for which the premiums vary based on loss experience. Future premium adjustments for these retrospective policies are estimated and accrued. The Company estimates these accrued retrospective premium adjustments through the review of each individual retrospectively rated risk, comparing case basis loss development with that anticipated in the policy contracts to arrive at the best estimates of return or additional retrospective premiums.
B. The Company records accrued return retrospective premiums due to insureds by adjusting unearned premium and records accrued additional retrospective premiums due from insureds through written premium.
C. Net premiums written for the current year for medical professional liability policies that are subject to retrospective rating features are $2,980,651, or 3.6% of total net premiums written.
D. Medical loss ratio rebates - None.
E. The Company uses the 10% method of determining nonadmitted retrospective premium.
(1) For ten percent (10%) method of determining nonadmitted retrospective premium - No significant change.
(2) For quality rating method of determining nonadmitted retrospective premium - None.
F. Risk sharing provisions of the Affordable Care Act (ACA) - None.
Note 25 - Change in Incurred Losses and Loss Adjustment Expenses
Combined reserves for incurred losses and loss adjustment expenses attributable to insured events as of December 31, 2014 were $603,521,189. The following provides information concerning the re-estimation of those reserves during the six months ended June 30, 2015:
Losses and loss adjustment expenses December 31, 2014 $ 603,521,189 Re-estimation of reserves (favorable) / unfavorable (27,960,000) Re-estimated December 31, 2014 losses and loss adjustment expenses $ 575,561,189
The re-estimation amount above relates principally to the medical professional liability line of insurance, principally for prior years' development, and is the result of ongoing analysis of recent loss trends. Original estimates are increased or decreased as additional information becomes available.
Note 26 - Intercompany Pooling Arrangements - None.
Note 27 - Structured Settlements - No significant change.
Note 28 - Health Care Receivables - None.
Note 29 - Participating Policies - None.
Note 30 - Premium Deficiency Reserves - None.
Note 31 - High Deductibles - No significant change.
Note 32 - Discounting of Liabilities for Unpaid Losses or Unpaid Loss Adjustment Expenses - None.
Note 33 - Asbestos/Environmental Reserves - None.
Note 34 - Subscriber Savings Accounts - None.
Note 35 - Multiple Peril Crop Insurance - None.
Note 36 - Financial Guaranty Insurance - None.
6.16 STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY GENERAL INTERROGATORIES
PART 1 - COMMON INTERROGATORIES GENERAL
1.1 Did the reporting entity experience any material transactions requiring the filing of Disclosure of Material Transactions with the State of Yes [X] No [ ] Domicile, as required by the Model Act? 1.2 If yes, has the report been filed with the domiciliary state? Yes [X] No [ ]
2.1 Has any change been made during the year of this statement in the charter, by-laws, articles of incorporation, or deed of settlement of the reporting entity? Yes [ ] No [X]
2.2 If yes, date of change:
3.1 Is the reporting entity a member of an Insurance Holding Company System consisting of two or more affiliated persons, one or more of Yes [X] No [ ] which is an insurer?
If yes, complete Schedule Y, Parts 1 and 1A.
3.2 Have there been any substantial changes in the organizational chart since the prior quarter end? Yes [ ] No [X]
3.3 If the response to 3.2 is yes, provide a brief description of those changes.
4.1 Has the reporting entity been a party to a merger or consolidation during the period covered by this statement? Yes [ ] No [X]
4.2 If yes, provide the name of entity, NAIC Company Code, and state of domicile (use two letter state abbreviation) for any entity that has ceased to exist as a result of the merger or consolidation.
1 2 3 Name of Entity NAIC Company Code State of Domicile
5. If the reporting entity is subject to a management agreement, including third-party administrator(s), managing general agent(s), attorney-in- fact, or similar agreement, have there been any significant changes regarding the terms of the agreement or principals involved? Yes [X] No [ ] NA [ ] If yes, attach an explanation.
6.1 State as of what date the latest financial examination of the reporting entity was made or is being made. 12/31/2010
6.2 State the as of date that the latest financial examination report became available from either the state of domicile or the reporting entity. This date should be the date of the examined balance sheet and not the date the report was completed or released. 12/31/2010
6.3 State as of what date the latest financial examination report became available to other states or the public from either the state of domicile or the reporting entity. This is the release date or completion date of the examination report and not the date of the examination (balance sheet date). 04/03/2012 6.4 By what department or departments? MICHIGAN DEPARTMENT OF INSURANCE AND FINANCIAL SERVICES
6.5 Have all financial statement adjustments within the latest financial examination report been accounted for in a subsequent financial statement filed with Departments? Yes [ ] No [ ] NA [X]
6.6 Have all of the recommendations within the latest financial examination report been complied with? Yes [ ] No [ ] NA [X]
7.1 Has this reporting entity had any Certificates of Authority, licenses or registrations (including corporate registration, if applicable) suspended or revoked by any governmental entity during the reporting period? Yes [ ] No [X]
7.2 If yes, give full information:
8.1 Is the company a subsidiary of a bank holding company regulated by the Federal Reserve Board? Yes [ ] No [X]
8.2 If response to 8.1 is yes, please identify the name of the bank holding company.
8.3 Is the company affiliated with one or more banks, thrifts or securities firms? Yes [ ] No [X]
8.4 If response to 8.3 is yes, please provide below the names and location (city and state of the main office) of any affiliates regulated by a federal regulatory services agency [i.e. the Federal Reserve Board (FRB), the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC) and the Securities Exchange Commission (SEC)] and identify the affiliate’s primary federal regulator.]
1 2 3 4 5 6 Location Affiliate Name (City, State) FRB OCC FDIC SEC
7 STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY GENERAL INTERROGATORIES
9.1 Are the senior officers (principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions) of the reporting entity subject to a code of ethics, which includes the following standards? Yes [X] No [ ] (a) Honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships; (b) Full, fair, accurate, timely and understandable disclosure in the periodic reports required to be filed by the reporting entity; (c) Compliance with applicable governmental laws, rules and regulations; (d) The prompt internal reporting of violations to an appropriate person or persons identified in the code; and (e) Accountability for adherence to the code.
9.11 If the response to 9.1 is No, please explain:
9.2 Has the code of ethics for senior managers been amended? Yes [ ] No [X]
9.21 If the response to 9.2 is Yes, provide information related to amendment(s).
9.3 Have any provisions of the code of ethics been waived for any of the specified officers? Yes [ ] No [X]
9.31 If the response to 9.3 is Yes, provide the nature of any waiver(s).
FINANCIAL 10.1 Does the reporting entity report any amounts due from parent, subsidiaries or affiliates on Page 2 of this statement? Yes [X] No [ ]
10.2 If yes, indicate any amounts receivable from parent included in the Page 2 amount: $ 0 INVESTMENT 11.1 Were any of the stocks, bonds, or other assets of the reporting entity loaned, placed under option agreement, or otherwise made available for use by another person? (Exclude securities under securities lending agreements.) Yes [ ] No [X]
11.2 If yes, give full and complete information relating thereto:
12. Amount of real estate and mortgages held in other invested assets in Schedule BA: $ 0
13. Amount of real estate and mortgages held in short-term investments: $ 0
14.1 Does the reporting entity have any investments in parent, subsidiaries and affiliates? Yes [X] No [ ]
14.2 If yes, please complete the following:
1 2 Prior Year-End Current Quarter Book/Adjusted Book/Adjusted Carrying Value Carrying Value 14.21 Bonds $ $ 14.22 Preferred Stock $ $ 14.23 Common Stock $ 21,693 $ 21,064 14.24 Short-Term Investments $ $ 14.25 Mortgage Loans on Real Estate $ $ 14.26 All Other $ $ 14.27 Total Investment in Parent, Subsidiaries and Affiliates (Subtotal Lines 14.21 to 14.26) $ 21,693 $ 21,064 14.28 Total Investment in Parent included in Lines 14.21 to 14.26 above $ $
15.1 Has the reporting entity entered into any hedging transactions reported on Schedule DB? Yes [ ] No [X]
15.2 If yes, has a comprehensive description of the hedging program been made available to the domiciliary state? Yes [ ] No [ ]
If no, attach a description with this statement.
7.1 STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY GENERAL INTERROGATORIES
16 For the reporting entity’s security lending program, state the amount of the following as of the current statement date: 16.1 Total fair value of reinvested collateral assets reported on Schedule DL, Parts 1 and 2 $ 0 16.2 Total book adjusted/carrying value of reinvested collateral assets reported on Schedule DL, Parts 1 and 2 $ 0 16.3 Total payable for securities lending reported on the liability page $ 0
17. Excluding items in Schedule E – Part 3 – Special Deposits, real estate, mortgage loans and investments held physically in the reporting entity’s offices, vaults or safety deposit boxes, were all stocks, bonds and other securities, owned throughout the current year held pursuant to a custodial agreement with a qualified bank or trust company in accordance with Section 1, III – General Examination Considerations, F. Outsourcing of Critical Functions, Custodial or Safekeeping Agreements of the NAIC Financial Condition Examiners Handbook? Yes [X] No [ ]
17.1 For all agreements that comply with the requirements of the NAIC Financial Condition Examiners Handbook, complete the following:
1 2 Name of Custodian(s) Custodian Address 2204 LAKESHORE PLAZA, SUITE 302, BIRMINGHAM, AL US BANK 35209
17.2 For all agreements that do not comply with the requirements of the NAIC Financial Condition Examiners Handbook, provide the name, location and a complete explanation:
1 2 3 Name(s) Location(s) Complete Explanation(s)
17.3 Have there been any changes, including name changes, in the custodian(s) identified in 17.1 during the current quarter? Yes [ ] No [X]
17.4 If yes, give full and complete information relating thereto:
1 2 3 4 Old Custodian New Custodian Date of Change Reason
17.5 Identify all investment advisors, broker/dealers or individuals acting on behalf of broker/dealers that have access to the investment accounts, handle securities and have authority to make investments on behalf of the reporting entity:
1 2 3 Central Registration Depository Name(s) Address STANDISH MELLON ASSET BNY MELLON CENTER 210 WASHINGTON STREET, 113972 MANAGEMENT BOSTON, MA 02106 OPPENHEIMER INVESTMENT 200 PARK AVENUE, 24TH FLOOR, NEW YORK, NY 113243 MANAGEMENT 10166 107423 CONNING ASSET MANAGEMENT ONE FINANCIAL PLAZA, HARTFORD, CT 06103 401 SOUTH TRYON STREET, 3RD FLOOR, 104973 WELLS CAPITAL MANAGEMENT CHARLOTTE, NC 28202 901 EAST BYRD STREET, SUITE 230, 6255 BB&T CAPITAL MARKETS RICHMOND, VA 23219 CONFLUENCE INVESTMENT 349 MARSHALL AVENUE, SUITE 302, ST. 146019 MANAGEMENT LOUIS, MO 63119 22635 NE MARKETPLACE DRIVE, REDMOND, WA 107680 PRIME ADVISORS, INC. 98053 1901 SIXTH AVENUE NORTH, 4TH FLOOR, 111715 REGIONS INVESTMENT MANAGEMENT BIRMINGHAM, AL 35203
18.1 Have all the filing requirements of the Purposes and Procedures Manual of the NAIC Securities Valuation Office been followed? Yes [X] No [ ] 18.2 If no, list exceptions:
5. Effective January 1, 2015, the Management Services Agreement was updated to reflect a manager change from ProAssurance Indemnity Company, Inc. to ProAssurance Group Services Corporation. The Agreement provides for a management fee to be charged starting in 2015.
7.2 STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY GENERAL INTERROGATORIES PART 2 - PROPERTY & CASUALTY INTERROGATORIES
1. If the reporting entity is a member of a pooling arrangement, did the agreement or the reporting entity's participation change? Yes [ ] No [ ] NA [X]
If yes, attach an explanation.
2. Has the reporting entity reinsured any risk with any other reporting entity and agreed to release such entity from liability, in whole or in part, from any loss that may occur on the risk, or portion thereof, reinsured? Yes [ ] No [X]
If yes, attach an explanation.
3.1 Have any of the reporting entity's primary reinsurance contracts been canceled? Yes [ ] No [X]
3.2 If yes, give full and complete information thereto.
4.1 Are any of the liabilities for unpaid losses and loss adjustment expenses other than certain workers' compensation tabular reserves (see Annual Statement Instructions pertaining to disclosure of discounting for definition of “tabular reserves,”) discounted at a rate of interest greater than zero? Yes [ ] No [X]
4.2 If yes, complete the following schedule:
TOTAL DISCOUNT DISCOUNT TAKEN DURING PERIOD 1 2 3 4 5 6 7 8 9 10 11 Maximum Discount Unpaid Unpaid Unpaid Unpaid Line of Business Interest Rate Losses LAE IBNR TOTAL Losses LAE IBNR TOTAL
TOTAL 0 0 0 0 0 0 0 0
5. Operating Percentages:
5.1 A&H loss percent %
5.2 A&H cost containment percent %
5.3 A&H expense percent excluding cost containment expenses %
6.1 Do you act as a custodian for health savings accounts? Yes [ ] No [X]
6.2 If yes, please provide the amount of custodial funds held as of the reporting date. $
6.3 Do you act as an administrator for health savings accounts? Yes [ ] No [X]
6.4 If yes, please provide the balance of the funds administered as of the reporting date. $
8 STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY SCHEDULE F - CEDED REINSURANCE Showing All New Reinsurers - Current Year to Date 1 2 3 4 5 6 7 Certified Effective Date NAIC Reinsurer Rating of Certified Company Code ID Number Name of Reinsurer Domiciliary Jurisdiction Type of Reinsurer (1 through 6) Reinsurer Rating 9 STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY
SCHEDULE T - EXHIBIT OF PREMIUMS WRITTEN Current Year to Date - Allocated by States and Territories 1 Direct Premiums Written Direct Losses Paid (Deducting Salvage) Direct Losses Unpaid 2 3 4 5 6 7
Active Current Year Prior Year Current Year Prior Year Current Year Prior Year States, etc. Status To Date To Date To Date To Date To Date To Date 1. Alabama AL E 512,098 332,798 0 900,883 766,797 2. Alaska AK N 0 0 0 3. Arizona AZ N 0 0 0 4. Arkansas AR N 0 0 0 5. California CA E 4,071,236 4,301,902 927,492 138,159 9,634,947 7,348,360 6. Colorado CO N 0 0 0 7. Connecticut CT L 0 0 0 8. Delaware DE L 4,943,514 5,125,641 2,941,093 4,460,576 24,067,742 27,563,557 9. Dist. Columbia DC N 0 0 0 10. Florida FL L 7,602,995 8,358,503 3,106,507 2,335,944 24,812,857 42,543,413 11. Georgia GA L 2,900,733 3,961,690 2,642,488 3,408,571 13,856,094 17,110,804 12. Hawaii HI N 0 0 0 13. Idaho ID N 0 0 0 14. Illinois IL L 9,726,834 10,252,044 373,870 1,205,894 61,386,064 69,211,393 15. Indiana IN L 365,290 296,211 60,187 47 1,924,590 2,308,152 16. Iowa IA L 2,396,982 2,112,561 1,287,110 2,447,689 12,354,304 18,822,100 17. Kansas KS L 0 0 7,100 11,804 18. Kentucky KY L 7,266,409 6,891,314 4,826,275 3,246,990 41,860,557 36,904,725 19. Louisiana LA N 0 0 0 20. Maine ME N 0 0 0 21. Maryland MD L 0 0 0 22. Massachusetts MA E 29,283 27,648 0 72,500 72,574 23. Michigan MI L 19,290,524 19,270,216 10,023,974 2,969,022 61,268,347 55,819,002 24. Minnesota MN L 1,717,409 1,083,897 21,572 4,051 3,052,871 3,308,263 25. Mississippi MS L 313,856 301,052 0 652,979 656,592 26. Missouri MO L 0 0 0 27. Montana MT N 0 0 0 28. Nebraska NE L 1,222,431 1,317,900 310,373 870,878 6,362,186 7,291,814 29. Nevada NV L 5,716,975 6,128,033 1,091,017 1,104,212 23,134,630 20,944,394 30. New Hampshire NH N 0 0 0 31. New Jersey NJ L 3,738,870 3,309,717 5,578,913 1,891,872 9,144,484 11,819,158 32. New Mexico NM N 0 0 0 33. New York NY E 0 0 0 34. No. Carolina NC N 0 0 0 35. No. Dakota ND L 0 0 0 36. Ohio OH L 1,953,430 2,235,925 478,527 660,110 6,465,829 9,318,722 37. Oklahoma OK N 0 0 0 38. Oregon OR N 0 0 0 39. Pennsylvania PA L 246,732 276,589 200,000 (232,000) 2,481,255 3,579,400 40. Rhode Island RI N 0 0 0 41. So. Carolina SC L 0 0 0 42. So. Dakota SD L 165,963 223,127 7,361 1,217,857 895,695 43. Tennessee TN L 0 0 0 44. Texas TX N 0 0 0 45. Utah UT N 0 0 0 46. Vermont VT L 0 0 0 47. Virginia VA L 0 0 0 48. Washington WA N 0 0 0 49. West Virginia WV L 0 0 0 50. Wisconsin WI L 11,460,403 12,200,149 1,157,727 824,040 29,556,877 40,160,685 51. Wyoming WY N 0 0 0 52. American Samoa AS N 0 0 0 53. Guam GU N 0 0 0 54. Puerto Rico PR N 0 0 0 55. U.S. Virgin Islands VI N 0 0 0 56. Northern Mariana Islands MP N 0 0 0 57. Canada CAN N 0 0 0 58. Aggregate Other Alien OT XXX 0 0 0 0 0 0 59. Totals (a) 27 85,641,967 88,006,916 35,027,125 25,343,416 334,214,953 376,457,404 DETAILS OF WRITE-INS 58001. XXX 58002. XXX 58003. XXX 58998. Summary of remaining write- ins for Line 58 from overflow page XXX 0 0 0 0 0 0 58999. TOTALS (Lines 58001 through 58003 plus 58998) (Line 58 above) XXX 0 0 0 0 0 0 (L) Licensed or Chartered - Licensed Insurance Carrier or Domiciled RRG; (R) Registered - Non-domiciled RRGs; (Q) Qualified - Qualified or Accredited Reinsurer; (E) Eligible - Reporting Entities eligible or approved to write Surplus Lines in the state; (N) None of the above - Not allowed to write business in the state. (a) Insert the number of L responses except for Canada and Other Alien.
10 STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY
SCHEDULE Y – INFORMATION CONCERNING ACTIVITIES OF INSURER MEMBERS OF A HOLDING COMPANY GROUP PART 1 – ORGANIZATIONAL CHART
ProAssurance Corporation A Delaware Holding Corporation / FEIN: 63-1261433
PRA Professional Liability Group, Inc. A Delaware Holding Corporation (100%) FEIN: 01-0874962
ProAssurance Indemnity Company, Inc. ProAssurance Mid-Continent Underwriters, Inc. An Alabama Stock Insurance Corporation (100%) A Texas Corporation (100%) FEIN: 63-0720042 / NAIC: 33391 FEIN: 76-0205255
ProAssurance Casualty Company IAO, Inc. d/b/a ProAssurance Agency A Michigan Stock Insurance Company (100%) An Alabama Insurance Agency (100%) FEIN: 38-2317569 / NAIC: 38954 FEIN: 63-0725911
Medmarc Casualty Insurance Company PRA Group Holdings, Inc. A Vermont Stock Insurance Company (100%) A Delaware Holding Corporation (100%) FEIN: 59-0615164 / NAIC: 22241 FEIN: 27-0386608
Hamilton Resources Corporation A Delaware Corporation (100%) PRA Services Corporation FEIN: 52-1422519 A Michigan Corporation (100%) FEIN: 38-2684456 Noetic Specialty Insurance Company A Vermont Stock Insurance Company (100%) PRACCL Ltd. FEIN: 62-1216444 / NAIC: 17400 A UK Corporation (100%) Registration Number: 8704220 ProAssurance Specialty Insurance Company, Inc. An Alabama Stock Insurance Corporation (100%) PRA Corporate Capital Ltd. FEIN: 36-3990058 / NAIC: 10179 A UK Corporation (100%) Registration Number: 8704267
ProAssurance General Insurance Company, Ltd. Domiciled in Bermuda (100%) ProAssurance Group Services Corporation An Alabama Corporation (100%) Company Registration No: EC-27597 FEIN: 63-1285505
Podiatry Insurance Company of America An Illinois Stock Insurance Company (100%) American Physicians Service Group, Inc. FEIN: 58-1403235 / NAIC: 14460 A Texas Corporation (100%) FEIN: 75-1458323 PICA Management Resources, Inc. A Tennessee Corporation (100%) FEIN: 62-1668162 Eastern Insurance Holdings, Inc. A Pennsylvania Corporation (100%) PACO Assurance Company, Inc. FEIN: 20-2653793 An Illinois Stock Insurance Company (100%) FEIN:36-3998471 / NAIC: 10222 Eastern Re Ltd, S.P.C. Eastern Services Corporation A Cayman Islands Stock Insurance Company (100%) A Pennsylvania Corporation (100%) FEIN: 98-0434659 FEIN: 20-0814470
Employers Alliance, Inc. Global Alliance Holdings Ltd. d/b/a Eastern Alliance Insurance Group A Pennsylvania Corporation (100%) A Pennsylvania Corporation (100%) FEIN: 23-2266154 FEIN: 26-0047926
Eastern Advantage Assurance Company ProAssurance American Mutual, A Risk Retention Group A Pennsylvania Stock Insurance Company (100%) A District of Columbia RRG FEIN: 65-1316719 / NAIC: 13019 FEIN: 47-2511641 / NAIC: 15647 Allied Eastern Indemnity Company Pennsylvania Stock Insurance Company (100%) FEIN: 26-0026993 / NAIC: 11242
Eastern Alliance Insurance Company A Pennsylvania Stock Insurance Company (100%) FEIN: 23-2900463 / NAIC: 10724
11 STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY SCHEDULE Y PART 1A – DETAIL OF INSURANCE HOLDING COMPANY SYSTEM
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Name of Type of Control Securities (Ownership, Exchange if Board, If Control is Ultimate NAIC Publicly Name of Relationship to Management, Ownership Controlling Group Company ID Federal Traded (U.S. or Parent Subsidiaries Domiciliary Reporting Directly Controlled by Attorney-in-Fact, Provide Entity(ies)/ Code Group Name Code Number RSSD CIK International) or Affiliates Location Entity (Name of Entity/Person) Influence, Other) Percentage Person(s) * New York Stock 00000 63-1261433 0001127703 Exchange ProAssurance Corporation DE UIP Board, Other 0.0 PRA Professional Liability ProAssurance 00000 01-0874962 Group, Inc. DE UDP ProAssurance Corporation Ownership 100.0 Corporation PRA Professional Liability ProAssurance 02698 ProAssurance Corp Group 10222 36-3998471 PACO Assurance Company, Inc. IL IA Group, Inc. Ownership 100.0 Corporation Podiatry Insurance Company of PRA Professional Liability ProAssurance 02698 ProAssurance Corp Group 14460 58-1403235 America IL IA Group, Inc. Ownership 100.0 Corporation Podiatry Insurance Company of ProAssurance 00000 62-1668162 PICA Management Resources, Inc. TN NIA America Ownership 100.0 Corporation PRA Professional Liability ProAssurance 02698 ProAssurance Corp Group 38954 38-2317569 ProAssurance Casualty Company MI RE Group, Inc. Ownership 100.0 Corporation ProAssurance General Insurance PRA Professional Liability ProAssurance 00000 00-0000000 Company, Ltd. BMU IA Group, Inc. Ownership 100.0 Corporation ProAssurance Indemnity Company, PRA Professional Liability ProAssurance 02698 ProAssurance Corp Group 33391 63-0720042 Inc. AL IA Group, Inc. Ownership 100.0 Corporation ProAssurance Specialty PRA Professional Liability ProAssurance
1 02698 ProAssurance Corp Group 10179 36-3990058 Insurance Company, Inc. AL IA Group, Inc. Ownership 100.0 Corporation 2 ProAssurance Mid-Continent PRA Professional Liability ProAssurance 00000 76-0205255 Underwriters, Inc. TX NIA Group, Inc. Ownership 100.0 Corporation IAO, Inc. d/b/a ProAssurance PRA Professional Liability ProAssurance 00000 63-0725911 Agency AL NIA Group, Inc. Ownership 100.0 Corporation PRA Professional Liability ProAssurance 00000 27-0386608 PRA Group Holdings, Inc. DE NIA Group, Inc. Ownership 100.0 Corporation PRA Professional Liability ProAssurance 00000 38-2684456 PRA Services Corporation MI NIA Group, Inc. Ownership 100.0 Corporation ProAssurance Group Services ProAssurance 00000 63-1285505 Corporation AL NIA ProAssurance Corporation Ownership 100.0 Corporation American Physicians Service ProAssurance 00000 75-1458323 Group, Inc. TX NIA ProAssurance Corporation Ownership 100.0 Corporation Medmarc Casualty Insurance PRA Professional Liability ProAssurance 02698 ProAssurance Corp Group 22241 59-0615164 Company VT IA Group, Inc. Ownership 100.0 Corporation Noetic Specialty Insurance Medmarc Casualty Insurance ProAssurance 02698 ProAssurance Corp Group 17400 62-1216444 Company VT IA Company Ownership 100.0 Corporation Medmarc Casualty Insurance ProAssurance 00000 52-1422519 Hamilton Resources Corporation DE NIA Company Ownership 100.0 Corporation PRA Professional Liability ProAssurance 00000 00-0000000 PRACCL Ltd. GBR NIA Group, Inc. Ownership 100.0 Corporation ProAssurance 00000 00-0000000 PRA Corporate Capital Ltd. GBR OTH PRACCL Ltd. Ownership 100.0 Corporation 1 Eastern Insurance Holdings, ProAssurance 00000 20-2653793 Inc. PA NIA ProAssurance Corporation Ownership 100.0 Corporation Eastern Insurance Holdings, ProAssurance 00000 98-0434659 Eastern Re Ltd, S.P.C. CYM IA Inc. Ownership 100.0 Corporation Eastern Insurance Holdings, ProAssurance 00000 20-0814470 Eastern Services Corporation PA NIA Inc. Ownership 100.0 Corporation ProAssurance 00000 23-2266154 Employers Alliance, Inc. PA NIA Global Alliance Holdings Ltd. Ownership 100.0 Corporation STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY SCHEDULE Y PART 1A – DETAIL OF INSURANCE HOLDING COMPANY SYSTEM
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Name of Type of Control Securities (Ownership, Exchange if Board, If Control is Ultimate NAIC Publicly Name of Relationship to Management, Ownership Controlling Group Company ID Federal Traded (U.S. or Parent Subsidiaries Domiciliary Reporting Directly Controlled by Attorney-in-Fact, Provide Entity(ies)/ Code Group Name Code Number RSSD CIK International) or Affiliates Location Entity (Name of Entity/Person) Influence, Other) Percentage Person(s) * Eastern Insurance Holdings, ProAssurance 00000 26-0047926 Global Alliance Holdings Ltd. PA NIA Inc. Ownership 100.0 Corporation Eastern Advantage Assurance ProAssurance 02698 ProAssurance Corp Group 13019 65-1316719 Company PA IA Global Alliance Holdings Ltd. Ownership 100.0 Corporation Eastern Alliance Insurance ProAssurance 02698 ProAssurance Corp Group 10724 23-2900463 Company PA IA Global Alliance Holdings Ltd. Ownership 100.0 Corporation Allied Eastern Indemnity ProAssurance 02698 ProAssurance Corp Group 11242 26-0026993 Company PA IA Global Alliance Holdings Ltd. Ownership 100.0 Corporation ProAssurance American Mutual, A ProAssurance Indemnity Management, ProAssurance 02698 ProAssurance Corp Group 15647 47-2511641 Risk Retention Group DC IA Company, Inc Board, Other 0.0 Corporation 1 2 . 1
Asterisk Explanation 1 Corporate member - Lloyd's of London (Syndicate 1729) STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY
PART 1 - LOSS EXPERIENCE Current Year to Date 4 1 2 3 Prior Year to Direct Premiums Direct Losses Direct Loss Date Direct Loss Line of Business Earned Incurred Percentage Percentage 1. Fire 0.0 0.0 2. Allied lines 0.0 0.0 3. Farmowners multiple peril 0.0 0.0 4. Homeowners multiple peril 0.0 0.0 5. Commercial multiple peril 0.0 0.0 6. Mortgage guaranty 0.0 0.0 8. Ocean marine 0.0 0.0 9. Inland marine 0.0 0.0 10. Financial guaranty 0.0 0.0 11.1 Medical professional liability -occurrence 7,721,352 (185,536) (2.4) (63.2) 11.2 Medical professional liability -claims made 62,903,540 15,213,207 24.2 20.8 12. Earthquake 0.0 0.0 13. Group accident and health 0.0 0.0 14. Credit accident and health 0.0 0.0 15. Other accident and health 0.0 0.0 16. Workers’ compensation 0.0 0.0 17.1 Other liability occurrence 582,412 275,130 47.2 54.3 17.2 Other liability-claims made 8,941,534 5,662,946 63.3 44.7 17.3 Excess Workers’ Compensation 0.0 0.0 18.1 Products liability-occurrence 0.0 0.0 18.2 Products liability-claims made 0.0 0.0 19.1,19.2 Private passenger auto liability 0.0 0.0 19.3,19.4 Commercial auto liability 0.0 0.0 21. Auto physical damage 0.0 0.0 22. Aircraft (all perils) 0.0 0.0 23. Fidelity 0.0 0.0 24. Surety 0.0 0.0 26. Burglary and theft 0.0 0.0 27. Boiler and machinery 0.0 0.0 28. Credit 0.0 0.0 29. International 0.0 0.0 30. Warranty 0.0 0.0 31. Reinsurance - Nonproportional Assumed Property XXX XXX XXX XXX 32. Reinsurance - Nonproportional Assumed Liability XXX XXX XXX XXX 33. Reinsurance - Nonproportional Assumed Financial Lines XXX XXX XXX XXX 34. Aggregate write-ins for other lines of business 0 0 0.0 0.0 35. TOTALS 80,148,838 20,965,747 26.2 18.2 DETAILS OF WRITE-INS 3401. 0.0 0.0 3402. 3403. 3498. Sum. of remaining write-ins for Line 34 from overflow page 0 0 0.0 0.0 3499. Totals (Lines 3401 through 3403 plus 3498) (Line 34) 0 0 0.0 0.0
PART 2 - DIRECT PREMIUMS WRITTEN 1 2 3 Current Current Prior Year Line of Business Quarter Year to Date Year to Date 1. Fire 0 0 2. Allied lines 0 0 3. Farmowners multiple peril 0 0 4. Homeowners multiple peril 0 0 5. Commercial multiple peril 0 0 6. Mortgage guaranty 0 0 8. Ocean marine 0 0 9. Inland marine 0 0 10. Financial guaranty 0 0 11.1 Medical professional liability-occurrence 2,798,292 7,403,942 5,881,449 11.2 Medical professional liability-claims made 26,110,425 67,948,370 71,031,459 12. Earthquake 0 0 13. Group accident and health 0 0 14. Credit accident and health 0 0 15. Other accident and health 0 0 16. Workers’ compensation 0 0 17.1 Other liability occurrence 135,071 412,879 808,059 17.2 Other liability-claims made 3,771,346 9,876,776 10,285,949 17.3 Excess Workers’ Compensation 0 0 18.1 Products liability-occurrence 0 0 18.2 Products liability-claims made 0 0 19.1,19.2 Private passenger auto liability 0 0 19.3,19.4 Commercial auto liability 0 0 21. Auto physical damage 0 0 22. Aircraft (all perils) 0 0 23. Fidelity 0 0 24. Surety 0 0 26. Burglary and theft 0 0 27. Boiler and machinery 0 0 28. Credit 0 0 29. International 0 0 30. Warranty 0 0 31. Reinsurance - Nonproportional Assumed Property XXX XXX XXX 32. Reinsurance - Nonproportional Assumed Liability XXX XXX XXX 33. Reinsurance - Nonproportional Assumed Financial Lines XXX XXX XXX 34. Aggregate write-ins for other lines of business 0 0 0 35. TOTALS 32,815,134 85,641,967 88,006,916 DETAILS OF WRITE-INS 3401. 3402. 3403. 3498. Sum. of remaining write-ins for Line 34 from overflow page 0 0 0 3499. Totals (Lines 3401 through 3403 plus 3498) (Line 34) 0 0 0
13 STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY
PART 3 (000 omitted)
LOSS AND LOSS ADJUSTMENT EXPENSE RESERVES SCHEDULE 1 2 3 4 5 6 7 8 9 10 11 12 13
Prior Year-End Prior Year-End Q.S. Date Known Known Case Loss IBNR Loss and Prior Year-End 2015 Loss and Q.S. Date Known Case Loss and and LAE Reserves LAE Reserves Total Loss and Total Prior 2015 Loss and LAE Payments on Case Loss and LAE Reserves on Developed Developed LAE Reserve Prior Year-End Year-End Loss LAE Payments on Claims Total 2015 Loss LAE Reserves on Claims Reported Total Q.S. Loss (Savings)/ (Savings)/ Developed Prior Year-End IBNR and LAE Claims Reported Unreported and LAE Claims Reported or Reopened Q.S. Date IBNR and LAE Deficiency Deficiency (Savings)/ Years in Which Known Case Loss Loss and LAE Reserves as of Prior as of Prior Payments and Open as of Subsequent to Loss and LAE Reserves (Cols. 4 + 7 (Cols. 5 + 8 + 9 Deficiency Losses Occurred and LAE Reserves Reserves (Cols. 1 + 2) Year-End Year-End (Cols. 4 + 5) Prior Year End Prior Year End Reserves (Cols.7 + 8 + 9) minus Col. 1) minus Col. 2) (Cols. 11 + 12)
1. 2012 + Prior 222,946 121,587 344,533 28,425 2,317 30,742 188,583 2,428 94,819 285,830 (5,937) (22,023) (27,960)
2. 2013 99,019 20,870 119,890 13,257 1,738 14,994 85,264 3,525 16,106 104,895 (499) 499 0
3. Subtotals 2013 + prior 321,965 142,457 464,423 41,682 4,055 45,737 273,847 5,954 110,925 390,726 (6,436) (21,524) (27,960)
4. 2014 46,020 93,079 139,099 9,121 4,279 13,400 55,246 8,033 62,419 125,698 18,347 (18,347) 0
5. Subtotals 2014 + prior 367,985 235,537 603,521 50,803 8,334 59,137 329,093 13,987 173,345 516,424 11,911 (39,871) (27,960)
1 6. 2015 XXX XXX XXX XXX 5,327 5,327 XXX 16,428 53,156 69,583 XXX XXX XXX 4
7. Totals 367,985 235,537 603,521 50,803 13,661 64,464 329,093 30,415 226,500 586,007 11,911 (39,871) (27,960) Prior Year-End 8. Surplus As Col. 11, Line 7 Col. 12, Line 7 Col. 13, Line 7 Regards Policy- As % of Col. 1, As % of Col. 2, As % of Col. 3, holders 534,071 Line 7 Line 7 Line 7
1. 3.2 2. (16.9) 3. (4.6) Col. 13, Line 7 Line 8
4. (5.2) STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY
SUPPLEMENTAL EXHIBITS AND SCHEDULES INTERROGATORIES The following supplemental reports are required to be filed as part of your statement filing. However, in the event that your company does not transact the type of business for which the special report must be filed, your response of NO to the specific interrogatory will be accepted in lieu of filing a “NONE” report and a bar code will be printed below. If the supplement is required of your company but is not being filed for whatever reason enter SEE EXPLANATION and provide an explanation following the interrogatory questions.
Response
1. Will the Trusteed Surplus Statement be filed with the state of domicile and the NAIC with this statement? NO
2. Will Supplement A to Schedule T (Medical Professional Liability Supplement) be filed with this statement? YES
3. Will the Medicare Part D Coverage Supplement be filed with the state of domicile and the NAIC with this statement? NO
4. Will the Director and Officer Insurance Coverage Supplement be filed with the state of domicile and the NAIC with this statement? NO
Explanation:
1.
3.
4.
Bar Code:
1. *38954201549000002*
3. *38954201536500002*
4. *38954201550500002*
15 STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY
OVERFLOW PAGE FOR WRITE-INS
PQ002 Additional Aggregate Lines for Page 02 Line 25. *ASSETS 1 2 3 4 December 31 Prior Net Admitted Assets Year Net Admitted Assets Nonadmitted Assets (Cols. 1 - 2) Assets 2504. State Income Tax Recoverable 802,316 802,316 811,712 2505. Cash Surrender Value of Company Owned Life Insurance 11,153,107 11,153,107 12,175,393 2506. 0 0 2507. 0 0 2508. 0 0 2597. Summary of remaining write-ins for Line 25 from Page 02 11,955,423 0 11,955,423 12,987,105
16 STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY
SCHEDULE A – VERIFICATION Real Estate 1 2 Prior Year Ended Year To Date December 31 1. Book/adjusted carrying value, December 31 of prior year 5,696,035 6,060,884 2. Cost of acquired: 2.1 Actual cost at time of acquisition 0 2.2 Additional investment made after acquisition 0 3. Current year change in encumbrances 0 4. Total gain (loss) on disposals 0 5. Deduct amounts received on disposals 0 6. Total foreign exchange change in book/adjusted carrying value 0 7. Deduct current year’s other-than-temporary impairment recognized 0 8. Deduct current year’s depreciation 179,539 364,849 9. Book/adjusted carrying value at the end of current period (Lines 1+2+3+4-5+6-7-8) 5,516,496 5,696,035 10. Deduct total nonadmitted amounts 0 0 11. Statement value at end of current period (Line 9 minus Line 10) 5,516,496 5,696,035
SCHEDULE B – VERIFICATION Mortgage Loans 1 2 Prior Year Ended Year To Date December 31 1. Book value/recorded investment excluding accrued interest, December 31 of prior year 0 0 2. Cost of acquired: 2.1 Actual cost at time of acquisition 0 2.2 Additional investment made after acquisition 0 3. Capitalized deferred interest and other 0 4. Accrual of discount 0 5. Unrealized valuation increase (decrease) 0 6. Total gain (loss) on disposals 0 7. Deduct amounts received on disposals 0 8. Deduct amortization of premium and mortgage interest points and commitment fees 0 9. Total foreign exchange change in book value/recorded investment excluding accrued interest 0 10. Deduct current year’s other-than-temporary impairment recognized 0 11. Book value/recorded investment excluding accrued interest at end of current period (Lines 1+2+3+4+5+6-7- 8+9-10) 0 0 12. Total valuation allowance 0 13. Subtotal (Line 11 plus Line 12) 0 0 14. Deduct total nonadmitted amounts 0 0 15. Statement value at end of current period (Line 13 minus Line 14) 0 0
SCHEDULE BA – VERIFICATION Other Long-Term Invested Assets 1 2 Prior Year Ended Year To Date December 31 1. Book/adjusted carrying value, December 31 of prior year 119,365,935 95,256,146 2. Cost of acquired: 2.1 Actual cost at time of acquisition 5,701,109 2.2 Additional investment made after acquisition 12,108,690 22,567,257 3. Capitalized deferred interest and other 0 4. Accrual of discount (1,679,485) 0 5. Unrealized valuation increase (decrease) 5,308,501 6. Total gain (loss) on disposals 0 7. Deduct amounts received on disposals 4,081,386 3,716,668 8. Deduct amortization of premium and depreciation 2,919,714 5,750,410 9. Total foreign exchange change in book/adjusted carrying value 0 10. Deduct current year’s other-than-temporary impairment recognized 0 11. Book/adjusted carrying value at end of current period (Lines 1+2+3+4+5+6-7-8+9-10) 122,794,040 119,365,935 12. Deduct total nonadmitted amounts 0 0 13. Statement value at end of current period (Line 11 minus Line 12) 122,794,040 119,365,935
SCHEDULE D – VERIFICATION Bonds and Stocks 1 2 Prior Year Ended Year To Date December 31 1. Book/adjusted carrying value of bonds and stocks, December 31 of prior year 1,039,638,340 1,111,719,172 2. Cost of bonds and stocks acquired 156,599,853 234,312,161 3. Accrual of discount 206,010 437,567 4. Unrealized valuation increase (decrease) (7,869,337) (8,918,936) 5. Total gain (loss) on disposals 12,731,981 9,844,255 6. Deduct consideration for bonds and stocks disposed of 288,223,718 300,754,846 7. Deduct amortization of premium 2,793,334 6,375,155 8. Total foreign exchange change in book/adjusted carrying value 0 9. Deduct current year’s other-than-temporary impairment recognized 2,910,827 625,878 10. Book/adjusted carrying value at end of current period (Lines 1+2+3+4+5-6-7+8-9) 907,378,968 1,039,638,340 11. Deduct total nonadmitted amounts 0 0 12. Statement value at end of current period (Line 10 minus Line 11) 907,378,968 1,039,638,340
SI01 STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY SCHEDULE D - PART 1B Showing the Acquisitions, Dispositions and Non-Trading Activity During the Current Quarter for all Bonds and Preferred Stock by NAIC Designation 1 2 3 4 5 6 7 8 Book/Adjusted Non-Trading Book/Adjusted Book/Adjusted Book/Adjusted Book/Adjusted Carrying Value Acquisitions Dispositions Activity Carrying Value Carrying Value Carrying Value Carrying Value Beginning of During During During End of End of End of December 31 NAIC Designation Current Quarter Current Quarter Current Quarter Current Quarter First Quarter Second Quarter Third Quarter Prior Year
BONDS
1. NAIC 1 (a) 761,491,774 101,069,227 189,306,085 (1,880,353) 761,491,774 671,374,563 0 805,552,553
2. NAIC 2 (a) 91,017,529 504,360 5,531,856 547,518 91,017,529 86,537,551 0 91,886,937
3. NAIC 3 (a) 35,491,459 460,263 5,451,228 2,315,262 35,491,459 32,815,756 0 25,586,625
4. NAIC 4 (a) 45,542,433 2,633,277 8,052,070 (2,633,167) 45,542,433 37,490,473 0 48,378,463
5. NAIC 5 (a) 12,354,895 3,631,831 (308,661) 12,354,895 8,414,403 0 10,596,099
6. NAIC 6 (a) 0 0 0 0 441,120
7. Total Bonds 945,898,090 104,667,127 211,973,070 (1,959,401) 945,898,090 836,632,746 0 982,441,797 S I 0 PREFERRED STOCK 2
8. NAIC 1 0 0 0 0 0
9. NAIC 2 0 0 0 0 0
10. NAIC 3 0 0 0 0 0
11. NAIC 4 159,450 156,463 48,253 159,450 51,240 0 0
12. NAIC 5 0 0 0 0 0
13. NAIC 6 0 0 0 0 0
14. Total Preferred Stock 159,450 0 156,463 48,253 159,450 51,240 0 0
15. Total Bonds & Preferred Stock 946,057,540 104,667,127 212,129,533 (1,911,148) 946,057,540 836,683,986 0 982,441,797
(a) Book/Adjusted Carrying Value column for the end of the current reporting period includes the following amount of non-rated short-term and cash equivalent bonds by NAIC designation: NAIC 1 $ 36,183,152 ; NAIC 2 $ ;
NAIC 3 $ ; NAIC 4 $ ; NAIC 5 $ ; NAIC 6 $ STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY
SCHEDULE DA - PART 1 Short-Term Investments
1 2 3 4 5 Paid for Accrued Book/Adjusted Interest Collected Interest Carrying Value Par Value Actual Cost Year To Date Year To Date
9199999 36,183,152 XXX 36,183,152
SCHEDULE DA - VERIFICATION Short-Term Investments
1 2 Prior Year Year To Date Ended December 31
1. Book/adjusted carrying value, December 31 of prior year 23,490,454 14,786,991
2. Cost of short-term investments acquired 171,813,208 320,720,656
3. Accrual of discount 0
4. Unrealized valuation increase (decrease) 0
5. Total gain (loss) on disposals 0
6. Deduct consideration received on disposals 159,120,510 312,017,193
7. Deduct amortization of premium 0
8. Total foreign exchange change in book/adjusted carrying value 0
9. Deduct current year’s other-than-temporary impairment recognized 0
10. Book/adjusted carrying value at end of current period (Lines 1+2+3+4+5-6-7+8-9) 36,183,152 23,490,454
11. Deduct total nonadmitted amounts 0
12. Statement value at end of current period (Line 10 minus Line 11) 36,183,152 23,490,454
SI03 STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY
Schedule DB - Part A - Verification NONE
Schedule DB - Part B - Verification NONE
Schedule DB - Part C - Section 1 NONE
Schedule DB - Part C - Section 2 NONE
Schedule DB - Verification NONE
Schedule E - Verification NONE
Schedule A - Part 2 NONE
Schedule A - Part 3 NONE
Schedule B - Part 2 NONE
Schedule B - Part 3 NONE
SI04, SI05, SI06, SI07, SI08, E01, E02 STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY SCHEDULE BA - PART 2 Showing Other Long-Term Invested Assets ACQUIRED AND ADDITIONS MADE During the Current Quarter 1 2 Location 5 6 7 8 9 10 11 12 13 3 4 Name of Date Type Actual Commitment Percentage CUSIP Vendor or NAIC Originally and Cost at Time of Additional Investment Amount of for Additional of Identification Name or Description City State General Partner Designation Acquired Strategy Acquisition Made After Acquisition Encumbrances Investment Ownership Joint Venture, Partnership or Limited Liability Company Interests that have the Underlying Characteristics - Fixed Income Instruments Unaffiliated 000000-00-0 AUDAX Senior Loan Fund, LP New York NY Audax Holdings I, LLC 02/19/2013 800,000 5,600,000 4.933 000000-00-0 NB Private Debt Fund, LP New York NY NB Private Debt Associates LP 10/24/2014 (11,639) 7,373,162 5.095 1399999 - Joint Venture, Partnership or Limited Liability Company Interests that have the Underlying Characteristics - Fixed Income Instruments Unaffiliated 0 788,361 0 12,973,162 XXX Joint, Partnership or Limited Liability Company Interests that have the Underlying Characteristics - Other - Unaffiliated 000000-00-0 NB CO - Investment Partners II LP New York NY Neuberger Berman 09/27/2012 1,662,406 6,627,810 2.622 000000-00-0 NB Secondary Opportunities Fund III, LP New York NY Neuberger Berman 12/09/2013 1,481,778 18,300,080 1.207 2199999 - Joint, Partnership or Limited Liability Company Interests that have the Underlying Characteristics - Other - Unaffiliated 0 3,144,184 0 24,927,890 XXX Non-Guaranteed Federal Low Income Housing Tax Credit - Unaffiliated 000000-00-0 Countryside 19 Funding Corp Boston MA Countryside Corporate Tax Credit XIX, LP 10/08/2010 (107,902) 5,094 3.075 000000-00-0 CREA National Fund 2010-3, LLC Indianapolis IN CREA GP 2010-3, LLC 02/18/2011 (19,887) 18,357 1.721 000000-00-0 Raymond James 35 Tax Credit Fund St. Petersburg FL Raymond James 03/31/2010 (67,664) 46,064 3.413 000000-00-0 Raymond James Tax Credit Fund 36 L.L.C. St. Petersburg FL RJTCF-36 L.L.C. 08/20/2010 (102,891) 28,781 0.726 000000-00-0 RBC Tax Credit Equity National Fund-12, L.P. Cleveland OH RBC Tax Credit IV, LLC 07/08/2010 (57,957) 0 1.394 000000-00-0 RBC Tax Credit Equity National Fund-13, L.P. Cleveland OH RBC Tax Credit IV, LLC 11/05/2010 (83,458) 0 1.662 000000-00-0 WNC Institutional Tax Credit Fund 34, L.P. Irvine CA WNC Housing Tax Credits Manager 34, LLC 05/05/2011 (20,505) 17,719 2.400 3399999 - Non-Guaranteed Federal Low Income Housing Tax Credit - Unaffiliated 0 (460,264) 0 116,015 XXX 4499999 – Subtotals - Unaffiliated 0 3,472,281 0 38,017,067 XXX 4599999 – Subtotals - Affiliated 0 0 0 0 XXX 4699999 Totals 0 3,472,281 0 38,017,067 XXX E
0 SCHEDULE BA - PART 3
3 Showing Other Long-Term Invested Assets DISPOSED, Transferred or Repaid During the Current Quarter 1 2 Location 5 6 7 8 Change in Book/Adjusted Carrying Value 15 16 17 18 19 20 3 4 9 10 11 12 13 14 Book/ Current Current Book/Adjusted Adjusted Year’s Year’s Total Total Carrying Carrying Unrealized (Depreciation) Other Than Capitalized Change Foreign Value Foreign Realized Total Date Value Less Valuation or Temporary Deferred in Exchange Less Exchange Gain Gain CUSIP Name or Name of Purchaser or Originally Disposal Encumbrances Increase (Amortization)/ Impairment Interest B./A.C.V. Change in Encumbrances Gain (Loss) (Loss) on (Loss) on Investment Identification Description City State Nature of Disposal Acquired Date Prior Year (Decrease) Accretion Recognized and Other (9+10-11+12) B./A.C.V. on Disposal Consideration on Disposal Disposal Disposal Income Joint Venture, Partnership or Limited Liability Company Interests that have the Underlying Characteristics - Fixed Income Instruments Unaffiliated 000000-00-0 NB Private Debt Fund, LP New York NY NB Private Debt Associates LP 10/24/2014 04/21/2015 1,543,552 0 1,543,552 1,543,552 0 181,962 1399999 - Joint Venture, Partnership or Limited Liability Company Interests that have the Underlying Characteristics - Fixed Income Instruments Unaffiliated 1,543,552 0 0 0 0 0 0 1,543,552 1,543,552 0 0 0 181,962 Joint, Partnership or Limited Liability Company Interests that have the Underlying Characteristics - Other - Unaffiliated 000000-00-0 Arclight Energy Partners Fund V, LP Boston MA Arclight Capital Partners, LLC 12/01/2011 04/15/2015 619,927 0 619,927 619,927 0 000000-00-0 Morgan Keegan PE FOF II St. Petersburg FL Morgan Keegan 02/15/2007 06/08/2015 104,910 0 104,910 104,910 0 109,677 000000-00-0 0 0 000000-00-0 0 0 2199999 - Joint, Partnership or Limited Liability Company Interests that have the Underlying Characteristics - Other - Unaffiliated 724,837 0 0 0 0 0 0 724,837 724,837 0 0 0 109,677 Working Capital Finance Investment - Unaffiliated 000000-00-0 FHLB Indianapolis Capital Stock Indianapolis IN Federal Home Loan Bank 11/02/2003 05/28/2015 22,900 0 0 22,900 22,900 0 0 4199999 - Working Capital Finance Investment - Unaffiliated 22,900 0 0 0 0 0 0 22,900 22,900 0 0 0 0 4499999 – Subtotals - Unaffiliated 2,291,289 0 0 0 0 0 0 2,291,289 2,291,289 0 0 0 291,639 4599999 – Subtotals - Affiliated 0 0 0 0 0 0 0 0 0 0 0 0 0 4699999 Totals 2,291,289 0 0 0 0 0 0 2,291,289 2,291,289 0 0 0 291,639 STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY SCHEDULE D - PART 3 Show All Long-Term Bonds and Stock Acquired During the Current Quarter 1 2 3 4 5 6 7 8 9 10 NAIC Designation or CUSIP Number of Actual Paid for Accrued Market Identification Description Foreign Date Acquired Name of Vendor Shares of Stock Cost Par Value Interest and Dividends Indicator (a) Bonds - U.S. Governments 36179Q-6N-6 G2 MA2677 04/02/2015 BANK AMERICA 2,671,419 2,584,593 1,077 1 0599999 - Bonds - U.S. Governments 2,671,419 2,584,593 1,077 XXX Bonds - U.S. Special Revenue 452024-HT-2 ILLINOIS ST MUNI ELEC AGY PWR 04/01/2015 CIT GROUP 4,216,380 3,500,000 1FE 3199999 - Bonds - U.S. Special Revenue and Special Assessment and all Non-Guaranteed Obligations of Agencies and Authorities of Governments and Their Political Subdivisions 4,216,380 3,500,000 0 XXX Bonds - Industrial and Miscellaneous (Unaffiliated) 00165A-AG-3 AMC ENTERTAINMENT INC 06/02/2015 CITIGROUP GLOBAL MARKETS 400,000 400,000 4FE 085790-AY-9 BERRY PLASTICS CORP 05/21/2015 CITIGROUP GLOBAL MARKETS 470,000 470,000 4FE 09776N-AD-4 BON-TON DEPT STORES 04/01/2015 JANNEY MONTGOMERY SCOTT 498,750 500,000 3,247 4FE 150191-AJ-3 CEDAR FAIR LP/CANADAS W 05/22/2015 EXCHANGE 626,090 620,000 15,829 4FE 384313-AD-4 GRAFTECH INTERNATIONAL 06/03/2015 JANNEY MONTGOMERY SCOTT 398,438 425,000 938 4FE 45672J-AB-6 INEOS US FINANCE LLC 02/10/2015 BANK AMERICA (491,748) (498,735) 3FE 46644R-AW-5 JPMBB 2015-C29 A1 06/04/2015 J.P. MORGAN 484,999 485,000 635 1FE 605024-AJ-7 MISSION BROADCASTING INC 02/10/2015 BANK AMERICA (348) 3FE 61690Q-AB-5 MSBAM 2015-C23 A2 06/05/2015 MORGAN STANLEY 690,070 670,000 943 1FE 65336R-AJ-7 NEXSTAR BROADCASTING INC 02/10/2015 BANK AMERICA (394) 3FE 67001B-AQ-6 NOVELIS INC G 05/29/2015 BANK AMERICA 952,754 957,541 3FE 842434-CP-5 SOUTHERN CALIF GAS CO 06/15/2015 MIZUHO SECURITIES 3,890,757 3,900,000 1FE 90131H-AR-6 21ST CENTURY FOX AMERICA 04/06/2015 EXCHANGE 504,360 500,000 875 2FE 96328D-AN-4 WHLS 2015-1A A3 06/02/2015 J.P. MORGAN 1,224,858 1,225,000 1FE 983793-AD-2 XPO LOGISTICS INC 06/04/2015 MORGAN STANLEY 240,000 240,000 4FE 3899999 - Bonds - Industrial and Miscellaneous (Unaffiliated) 9,888,586 9,893,806 22,467 XXX E 8399997 - Subtotals - Bonds - Part 3 16,776,385 15,978,399 23,544 XXX 0
4 8399999 - Subtotals - Bonds 16,776,385 15,978,399 23,544 XXX Common Stocks - Industrial and Miscellaneous 002824-10-0 ABBOTT LABORATORIES 05/06/2015 COWEN & CO 1,750.000 81,873 L 009363-10-2 AIRGAS INC 05/05/2015 JEFFERIES & CO 390.000 40,522 L 02209S-10-3 ALTRIA GROUP INC 04/01/2015 SANFORD C. BERNSTEIN & CO 540.000 27,116 L 032511-10-7 ANADARKO PETROLEUM CORP 06/15/2015 JOHNSON RICE 3,689.000 305,049 L 03761U-10-6 APOLLO INVESTMENT CORP 04/27/2015 WELLS FARGO SECURITIES LLC 8,220.000 65,234 L 086516-10-1 BEST BUY CO INC 04/08/2015 VARIOUS 1,460.000 55,864 L 096627-10-4 BOARDWALK PIPELINE PARTNERS 06/02/2015 BARCLAYS AMERICAN 6,464.000 105,587 L 109641-10-0 BRINKER INTERNATIONAL INC 04/30/2015 VARIOUS 930.000 53,735 L 118230-10-1 BUCKEYE PARTNERS LP 06/02/2015 BARCLAYS AMERICAN 3,353.000 264,106 L 14040H-10-5 CAPITAL ONE FINANCIAL CORP 05/04/2015 GOLDMAN SACHS 1,360.000 110,663 L 20341J-10-4 COMMUNICATIONS SALES & LE 04/27/2015 SPIN OFF 15,496.800 451,479 L 23311P-10-0 DCP MIDSTREAM PARTNERS LP 06/02/2015 BARCLAYS AMERICAN 2,997.000 115,257 L 254423-10-6 DINEEQUITY INC 05/19/2015 CREDIT SUISSE 1,784.000 172,221 L 254709-10-8 DISCOVER FINANCIAL SERVICES 06/29/2015 CITIGROUP GLOBAL MARKETS 6,993.000 406,713 L 26885B-10-0 EQT MIDSTREAM PARTNERS LP 06/02/2015 BARCLAYS AMERICAN 2,007.000 165,866 L 28140M-87-1 EDUCATION MANAGEMENT CORP 04/16/2015 EXCHANGE 1,535,231.000 156,463 U 29250R-10-6 ENBRIDGE ENERGY PARTNERS LP 06/02/2015 BARCLAYS AMERICAN 8,777.000 322,604 L 29273R-10-9 ENERGY TRANSFER PARTNERS LP 06/02/2015 BARCLAYS AMERICAN 14,218.000 801,592 L 29273V-10-0 ENERGY TRANSFER EQUITY LP 06/02/2015 BARCLAYS AMERICAN 14,102.000 925,825 L 29336U-10-7 ENLINK MIDSTREAM PARTNERS LP 06/02/2015 BARCLAYS AMERICAN 6,532.000 164,845 L 293792-10-7 ENTERPRISE PRODUCTS PARTNERS 06/02/2015 BARCLAYS AMERICAN 35,175.000 1,161,455 L 30231G-10-2 EXXON MOBIL CORP 05/01/2015 CAPITAL MARKETS CORP 780.000 69,215 L 31620M-10-6 FIDELITY NATIONAL INFO SERV 04/13/2015 VARIOUS 200.000 13,070 L 31678A-10-3 FIFTH STREET FINANCE CORP 06/26/2015 WELLS FARGO SECURITIES LLC 85,602.000 584,832 L 38173M-10-2 GOLUB CAPITAL BDC INC 04/10/2015 WELLS FARGO SECURITIES LLC 7,602.000 132,427 L 413875-10-5 HARRIS CORP 06/01/2015 GOLDMAN SACHS 1,271.000 100,505 L 41753F-10-9 HARVEST CAPITAL CREDIT CORP 05/07/2015 STIFEL NICOLAUS & CO 3,219.000 42,685 L 427096-50-8 HERCULES TECHNOLOGY GROWTH 06/19/2015 STIFEL NICOLAUS & CO 13,433.000 159,418 L 438516-10-6 HONEYWELL INTERNATIONAL INC 04/21/2015 BARCLAYS AMERICAN 1,012.000 102,959 L 44107P-10-4 HOST HOTELS & RESORTS INC 06/01/2015 WEEDEN & CO 3,960.000 79,851 L 452308-10-9 ILLINOIS TOOL WORKS 04/21/2015 JANNEY MONTGOMERY SCOTT 140.000 13,376 L 478160-10-4 JOHNSON & JOHNSON 06/05/2015 VARIOUS 5,469.000 545,835 L 55336V-10-0 MPLX LP 06/02/2015 BARCLAYS AMERICAN 2,109.000 153,954 L STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY SCHEDULE D - PART 3 Show All Long-Term Bonds and Stock Acquired During the Current Quarter 1 2 3 4 5 6 7 8 9 10 NAIC Designation or CUSIP Number of Actual Paid for Accrued Market Identification Description Foreign Date Acquired Name of Vendor Shares of Stock Cost Par Value Interest and Dividends Indicator (a) 559080-10-6 MAGELLAN MIDSTREAM PARTNERS 06/02/2015 BARCLAYS AMERICAN 6,001.000 487,974 L 68268N-10-3 ONEOK PARTNERS LP 06/02/2015 BARCLAYS AMERICAN 6,717.000 269,635 L 695156-10-9 PACKAGING CORP OF AMERICA 05/18/2015 VARIOUS 7,685.000 540,897 L 708062-10-4 PENNANTPARK INVESTMENT CORP 06/26/2015 VARIOUS 33,610.000 311,101 L 718172-10-9 PHILIP MORRIS INTERNATIONAL 04/29/2015 VARIOUS 670.000 55,450 L 718549-20-7 PHILLIPS 66 PARTNERS LP 06/02/2015 BARCLAYS AMERICAN 2,105.000 152,289 L 724479-10-0 PITNEY BOWES INC 05/29/2015 GOLDMAN SACHS 13,791.000 303,685 L 726503-10-5 PLAINS ALL AMER PIPELINE LP 06/02/2015 BARCLAYS AMERICAN 10,482.000 512,195 L 74005P-10-4 PRAXAIR INC 04/06/2015 JEFFERIES & CO 680.000 82,690 L 760759-10-0 REPUBLIC SERVICES INC 04/30/2015 VARIOUS 1,350.000 54,625 L 84756N-10-9 SPECTRA ENERGY PARTNERS LP 06/02/2015 BARCLAYS AMERICAN 7,903.000 414,376 L 86764L-10-8 SUNOCO LOGISTICS PARTNERS LP 06/02/2015 BARCLAYS AMERICAN 6,478.000 270,777 L 871829-10-7 SYSCO CORP 05/18/2015 CREDIT SUISSE 10,992.000 412,978 L 87233Q-10-8 TC PIPELINES LP 06/02/2015 BARCLAYS AMERICAN 1,668.000 109,550 L 87238Q-10-3 TCP CAPITAL CORP 06/12/2015 WELLS FARGO SECURITIES LLC 2,506.000 39,481 L 87244T-10-9 TICC CAPITAL CORP 06/19/2015 WELLS FARGO SECURITIES LLC 21,379.000 148,231 L 87612E-10-6 TARGET CORP 06/01/2015 VARIOUS 2,300.000 188,142 L 882508-10-4 TEXAS INSTRUMENTS INC 04/23/2015 VARIOUS 470.000 25,535 L 886547-10-8 TIFFANY & CO 04/20/2015 VARIOUS 320.000 27,185 L 896047-50-3 TRIBUNE MEDIA CO - A 06/15/2015 BERNARD ORCHARDS 2,549.000 138,207 L 89677Y-10-0 TRIPLEPOINT VENTURE GROWTH B 04/16/2015 STIFEL NICOLAUS & CO 13,024.000 182,857 L 907818-10-8 UNION PACIFIC CORP 04/24/2015 VARIOUS 500.000 53,408 L 913017-10-9 UNITED TECHNOLOGIES CORP 05/05/2015 VARIOUS 240.000 27,628 L 958254-10-4 WESTERN GAS PARTNERS LP 06/02/2015 BARCLAYS AMERICAN 3,446.000 236,290 L
E 95825R-10-3 WESTERN GAS EQUITY PARTNERS 06/02/2015 BARCLAYS AMERICAN 5,789.000 365,595 L
0 96949L-10-5 WILLIAMS PARTNERS LP 06/02/2015 BARCLAYS AMERICAN 15,754.000 796,447 L
4 97382A-20-0 WINDSTREAM HOLDINGS INC 04/07/2015 VARIOUS 77,484.000 612,819 L
. 98310W-10-8 WYNDHAM WORLDWIDE CORP 04/02/2015 JJB HILLIARD WL LYONS INC 300.000 27,174 L 1 9099999 - Common Stocks - Industrial and Miscellaneous (Unaffiliated) 14,799,417 XXX 0 XXX Common Stocks - Mutual Funds 54400U-20-5 LORD ABBETT INF FOCUSED-A 03/11/2015 DIRECT (2,736,512.901) (35,000,000) L 54400U-50-2 LORD ABBETT INF FOCUSED-I 03/11/2015 DIRECT 2,736,512.901 35,000,000 L 9799997 - Subtotals - Common Stocks - Part 3 14,799,417 XXX 0 XXX 9799999 - Subtotals - Common Stocks 14,799,417 XXX 0 XXX 9899999 - Subtotals- Preferred and Common Stocks 14,799,417 XXX 0 XXX 9999999 Totals 31,575,802 XXX 23,544 XXX (a) For all common stock bearing the NAIC market indicator "U" provide: the number of such issues 1 . STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY SCHEDULE D - PART 4 Show All Long-Term Bonds and Stock Sold, Redeemed or Otherwise Disposed of During the Current Quarter 1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21 22
11 12 13 14 15 F NAIC o Desig- r Current Year’s Book/ Bond nation e Prior Year Unrealized Other Than Total Foreign Adjusted Foreign Interest/Stock Stated or CUSIP i Number of Book/Adjusted Valuation Current Year’s Temporary Total Change in Exchange Carrying Value Exchange Gain Realized Gain Total Gain Dividends Contractual Market Identi- g Disposal Shares of Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at (Loss) on (Loss) on (Loss) on Received Maturity Indicator fication Description n Date Name of Purchaser Stock Consideration Par Value Actual Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Disposal Date Disposal Disposal Disposal During Year Date (a) Bonds - U.S. Governments 36176C-HR-9 GN 761940 06/01/2015 MBS PAYMENT 161,810 161,810 162,695 161,820 (10) (10) 161,810 0 2,696 02/15/2041 1 36176D-6R-9 GN 763480 06/01/2015 MBS PAYMENT 77,800 77,800 77,690 77,793 7 7 77,800 0 1,322 03/15/2041 1 36179Q-6N-6 G2 MA2677 06/01/2015 MBS PAYMENT 17,749 17,749 18,345 (6) (6) 17,749 0 73 03/20/2045 1 36202E-VP-1 G2 4222 06/01/2015 MBS PAYMENT 57,203 57,203 57,739 57,253 (51) (51) 57,203 0 1,415 08/20/2038 1 3620A3-TE-4 GN 717949 06/01/2015 MBS PAYMENT 7,487 7,487 7,682 7,493 (6) (6) 7,487 0 156 09/15/2039 1 3620A3-TL-8 GN 717955 06/01/2015 MBS PAYMENT 48,271 48,271 49,531 48,324 (53) (53) 48,271 0 840 09/15/2039 1 3620A8-JR-5 GN 722172 06/01/2015 MBS PAYMENT 124,395 124,395 127,078 124,696 (301) (301) 124,395 0 2,641 08/15/2039 1 3620A8-KZ-5 GN 722212 06/01/2015 MBS PAYMENT 187,711 187,711 192,228 188,061 (350) (350) 187,711 0 4,162 08/15/2039 1 3620AJ-ZZ-5 GN 731660 06/01/2015 MBS PAYMENT 50,101 50,101 51,698 50,275 (174) (174) 50,101 0 1,086 08/15/2040 1 3620AR-G9-6 GN 737424 06/01/2015 MBS PAYMENT 52,632 52,632 52,682 52,637 (5) (5) 52,632 0 890 09/15/2040 1 3620AR-LM-1 GN 737532 06/01/2015 MBS PAYMENT 187,967 187,967 188,995 188,025 (58) (58) 187,967 0 3,143 10/15/2040 1 36230S-M6-8 GN 757581 06/01/2015 MBS PAYMENT 61,426 61,426 61,340 61,419 7 7 61,426 0 932 03/15/2041 1 36291P-ZE-9 GN 634441 06/01/2015 MBS PAYMENT 1,580 1,580 1,612 1,581 (1) (1) 1,580 0 37 10/15/2034 1 36295Q-W4-8 GN 677567 06/01/2015 MBS PAYMENT 5,894 5,894 5,899 5,895 (1) (1) 5,894 0 175 11/15/2037 1 36296D-D5-4 GN 687824 06/01/2015 MBS PAYMENT 13,615 13,615 13,589 13,613 2 2 13,615 0 336 08/15/2038 1 36296D-EE-4 GN 687833 06/01/2015 MBS PAYMENT 3,916 3,916 3,967 3,920 (5) (5) 3,916 0 100 08/15/2038 1 36296D-EG-9 GN 687835 06/01/2015 MBS PAYMENT 3,288 3,288 3,291 3,288 0 3,288 0 85 08/15/2038 1 36296Q-6W-4 GN 698485 06/01/2015 MBS PAYMENT 69,780 69,780 70,849 69,865 (85) (85) 69,780 0 1,420 08/15/2039 1 36296Q-LD-9 GN 697924 06/01/2015 MBS PAYMENT 43,332 43,332 45,194 43,462 (130) (130) 43,332 0 925 03/15/2039 1 36296R-AS-6 GN 698517 06/01/2015 MBS PAYMENT 30,096 30,096 30,214 30,104 (7) (7) 30,096 0 741 10/15/2038 1 36296X-Z6-4 GN 704665 06/01/2015 MBS PAYMENT 95,547 95,547 99,653 95,787 (239) (239) 95,547 0 2,033 08/15/2039 1 36297C-S7-5 GN 708042 06/01/2015 MBS PAYMENT 4,998 4,998 5,128 5,029 (32) (32) 4,998 0 104 09/15/2039 1 36297F-YV-8 GN 710924 06/01/2015 MBS PAYMENT 63,002 63,002 65,709 63,160 (157) (157) 63,002 0 1,381 10/15/2039 1 E 38376C-QA-0 GNR 2009-75 JD 06/01/2015 MBS PAYMENT 42,081 42,081 43,212 42,194 (113) (113) 42,081 0 651 08/16/2039 1
0 38376G-UL-2 GNR 2010-100 C 06/01/2015 MBS PAYMENT 258,710 258,710 262,146 258,993 (283) (283) 258,710 0 2,986 11/16/2050 1
5 38378B-5S-4 GNR 2013-15 AC 06/01/2015 MBS PAYMENT 2,273 2,273 2,284 2,274 (1) (1) 2,273 0 17 08/16/2051 1 912828-PK-0 US TREASURY N/B 05/12/2015 TRANSFER 1,345,500 1,300,000 1,262,779 1,283,482 1,971 1,971 1,285,454 60,046 60,046 13,098 11/30/2017 1 912828-QA-1 US TREASURY N/B 04/24/2015 DEUTSCHE BANK 1,018,672 1,000,000 1,013,402 1,003,518 (891) (891) 1,002,627 16,045 16,045 12,910 03/31/2016 1 0599999 - Bonds - U.S. Governments 4,036,836 3,972,666 3,976,631 3,943,961 0 (972) 0 (972) 0 3,960,745 0 76,091 76,091 56,355 XXX XXX Bonds - U.S. States, Territories and Possessions 93974B-FX-5 WASHINGTON ST 05/12/2015 TRANSFER 1,006,190 1,000,000 1,082,650 1,005,195 (3,781) (3,781) 1,001,414 4,776 4,776 43,194 07/01/2015 1FE CALLED BY ISSUER at 97705L-FZ-5 WISCONSIN ST 05/01/2015 100.000 1,000,000 1,000,000 1,063,180 1,003,169 (3,169) (3,169) 1,000,000 0 25,000 05/01/2018 1FE 1799999 - Bonds - U.S. States, Territories and Possessions 2,006,190 2,000,000 2,145,830 2,008,364 0 (6,950) 0 (6,950) 0 2,001,414 0 4,776 4,776 68,194 XXX XXX Bonds - U.S. Political Subdivisions of States, Territories and Possessions BUTLER CNTY KS UNIF SCH 12343E-AR-1 DIST # 05/12/2015 TRANSFER 1,554,448 1,400,000 1,524,152 1,448,680 (4,395) (4,395) 1,444,286 110,162 110,162 48,806 09/01/2018 1FE EAGLE GARFIELD & ROUTT 26951P-CL-0 CNTYS C 05/12/2015 TRANSFER 1,026,310 1,000,000 1,118,860 1,012,318 (4,842) (4,842) 1,007,476 18,834 18,834 22,361 12/01/2015 1FE 415666-KR-6 HARRISONBURG VA 05/12/2015 TRANSFER 1,097,606 1,070,000 1,053,982 1,067,837 718 718 1,068,555 29,051 29,051 31,320 02/01/2018 1FE JOHNSON CNTY KS UNIF SCH 478700-A9-8 DIST 05/12/2015 TRANSFER 711,088 700,000 762,342 705,704 (2,749) (2,749) 702,955 8,133 8,133 21,486 10/01/2017 1FE 586145-QT-4 MEMPHIS TN 05/12/2015 TRANSFER 1,866,720 1,825,000 2,031,937 1,857,510 (14,094) (14,094) 1,843,417 23,303 23,303 48,413 11/01/2018 1FE CALLED BY ISSUER at 64966K-KH-5 NEW YORK NY 04/30/2015 100.000 1,830,000 1,830,000 1,872,419 1,833,446 (3,446) (3,446) 1,830,000 0 60,745 03/01/2018 1FE 702282-KA-1 PASADENA CA UNIF SCH DIST 05/12/2015 TRANSFER 2,555,600 2,500,000 2,771,050 2,526,192 (11,329) (11,329) 2,514,863 40,737 40,737 66,319 11/01/2015 1FE SHAWNEE CNTY KS UNIF SCH 820650-FE-4 DIST# 05/12/2015 TRANSFER 754,966 730,000 741,869 738,433 (2,799) (2,799) 735,634 19,332 19,332 28,490 02/01/2016 1FE SHAWNEE CNTY KS UNIF SCH 820650-FF-1 DIST# 05/12/2015 TRANSFER 743,270 720,000 731,707 728,317 (2,761) (2,761) 725,557 17,714 17,714 28,100 02/01/2016 1FE 2499999 - Bonds - U.S. Political Subdivisions of States, Territories and Possessions 12,140,008 11,775,000 12,608,318 11,918,437 0 (45,697) 0 (45,697) 0 11,872,743 0 267,266 267,266 356,040 XXX XXX Bonds - U.S. Special Revenue and Special Assessment and all Non-Guaranteed Obligations of Agencies and Authorities of Governments and Their Political Subdivisions CONNECTICUT ST SPL TAX 207758-KT-9 OBLIG R 05/12/2015 TRANSFER 766,658 750,000 869,138 770,634 (8,972) (8,972) 761,662 4,996 4,996 19,896 11/01/2015 1FE 3128H3-LP-4 FG E95734 06/01/2015 MBS PAYMENT 16,211 16,211 16,738 16,270 (59) (59) 16,211 0 334 03/01/2018 1 3128LX-FN-5 FG G01973 06/01/2015 MBS PAYMENT 23,441 23,441 22,478 23,340 101 101 23,441 0 468 12/01/2035 1 3128MJ-D4-9 FG G08122 06/01/2015 MBS PAYMENT 11,448 11,448 11,050 11,406 42 42 11,448 0 281 04/01/2036 1 3128MJ-TV-2 FG G08563 06/01/2015 MBS PAYMENT 809,729 809,729 853,505 815,136 (5,406) (5,406) 809,729 0 12,981 01/01/2044 1 31292L-LL-7 FG C03931 06/01/2015 MBS PAYMENT 16,720 16,720 17,898 16,751 (31) (31) 16,720 0 244 05/01/2042 1 31296J-ZA-7 FG A10737 06/01/2015 MBS PAYMENT 95,027 95,027 96,750 95,124 (97) (97) 95,027 0 2,111 06/01/2033 1 31297H-PN-3 FG A29429 06/01/2015 MBS PAYMENT 1,701 1,701 1,643 1,700 1 1 1,701 0 32 01/01/2035 1 31297H-X4-6 FG A29699 06/01/2015 MBS PAYMENT 18,032 18,032 18,039 18,033 (1) (1) 18,032 0 312 01/01/2035 1 31297S-ZP-3 FG A37050 06/01/2015 MBS PAYMENT 35,005 35,005 34,579 34,979 27 27 35,005 0 684 09/01/2035 1 31307F-JM-4 FG J26568 06/01/2015 MBS PAYMENT 156,125 156,125 164,736 156,690 (565) (565) 156,125 0 2,196 12/01/2028 1 31335H-5U-3 FG C90859 06/01/2015 MBS PAYMENT 29,542 29,542 30,365 29,607 (66) (66) 29,542 0 677 10/01/2024 1 STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY SCHEDULE D - PART 4 Show All Long-Term Bonds and Stock Sold, Redeemed or Otherwise Disposed of During the Current Quarter 1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21 22
11 12 13 14 15 F NAIC o Desig- r Current Year’s Book/ Bond nation e Prior Year Unrealized Other Than Total Foreign Adjusted Foreign Interest/Stock Stated or CUSIP i Number of Book/Adjusted Valuation Current Year’s Temporary Total Change in Exchange Carrying Value Exchange Gain Realized Gain Total Gain Dividends Contractual Market Identi- g Disposal Shares of Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at (Loss) on (Loss) on (Loss) on Received Maturity Indicator fication Description n Date Name of Purchaser Stock Consideration Par Value Actual Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Disposal Date Disposal Disposal Disposal During Year Date (a) 3133TL-UH-9 FHR 2178 PB 06/01/2015 MBS PAYMENT 21,010 21,010 21,673 21,031 (21) (21) 21,010 0 616 08/15/2029 1 3133XF-JF-4 FEDERAL HOME LOAN BANK 05/12/2015 TRANSFER 262,753 250,000 261,719 252,231 (566) (566) 251,664 11,089 11,089 6,495 05/18/2016 1 31359M-4D-2 FANNIE MAE 05/12/2015 TRANSFER 215,092 200,000 197,112 199,231 120 120 199,351 15,741 15,741 7,472 02/13/2017 1 31371K-BR-1 FN 253948 06/01/2015 MBS PAYMENT 21,304 21,304 21,017 21,295 9 9 21,304 0 501 09/01/2031 1 31371L-CE-7 FN 254869 06/01/2015 MBS PAYMENT 25,653 25,653 25,685 25,656 (3) (3) 25,653 0 575 09/01/2033 1 3138EK-U3-7 FN AL3301 06/01/2015 MBS PAYMENT 102,331 102,331 107,271 102,650 (320) (320) 102,331 0 1,334 03/01/2028 1 3138M4-R7-9 FN AP1409 06/01/2015 MBS PAYMENT 5,611 5,611 5,999 5,619 (8) (8) 5,611 0 82 08/01/2042 1 3138WA-EQ-6 FN AS1042 06/01/2015 MBS PAYMENT 385,215 385,215 404,822 386,726 (1,511) (1,511) 385,215 0 6,066 11/01/2043 1 3138WA-FR-3 FN AS1075 06/01/2015 MBS PAYMENT 72,396 72,396 74,613 (60) (60) 72,396 0 645 11/01/2043 1 3138X1-AJ-5 FN AU1808 06/01/2015 MBS PAYMENT 57,306 57,306 59,141 (56) (56) 57,306 0 570 08/01/2043 1 3138YE-PP-6 FN AY1329 06/01/2015 MBS PAYMENT 429,879 429,879 450,768 (339) (339) 429,879 0 2,365 03/01/2030 1 31391N-6R-7 FN 672380 06/01/2015 MBS PAYMENT 20,643 20,643 21,333 20,699 (56) (56) 20,643 0 444 11/01/2017 1 31392J-GL-7 FNR 2003-14 AT 06/01/2015 MBS PAYMENT 5,945 5,945 5,972 5,947 (2) (2) 5,945 0 97 03/25/2033 1 31392J-W9-6 FNR 2003-21 OG 06/01/2015 MBS PAYMENT 2,528 2,528 2,533 2,529 0 2,528 0 43 01/25/2033 1 31392J-Y5-2 FNR 2003-21 OV 06/01/2015 MBS PAYMENT 2,175 2,175 2,177 2,175 0 2,175 0 36 03/25/2033 1 31393C-3C-5 FNR 2003-49 TK 06/01/2015 MBS PAYMENT 22,813 22,813 22,328 22,729 84 84 22,813 0 329 03/25/2018 1 31393N-K5-7 FHR 2590 OA 06/01/2015 MBS PAYMENT 7,247 7,247 7,352 7,258 (11) (11) 7,247 0 121 03/15/2033 1 31394W-HU-5 FHR 2776 QP 06/01/2015 MBS PAYMENT 17,037 17,037 17,165 17,048 (11) (11) 17,037 0 291 01/15/2034 1 31395H-ZP-8 FHR 2886 CJ 06/01/2015 MBS PAYMENT 6,758 6,758 6,559 6,698 60 60 6,758 0 136 07/15/2019 1 31395J-3J-3 FHR 2885 LC 06/01/2015 MBS PAYMENT 12,135 12,135 12,051 12,125 10 10 12,135 0 217 04/15/2034 1 31404C-WM-8 FN 764852 06/01/2015 MBS PAYMENT 27,224 27,224 27,828 27,291 (68) (68) 27,224 0 544 01/01/2019 1 31404W-YX-8 FN 781126 06/01/2015 MBS PAYMENT 1,784 1,784 1,737 1,779 5 5 1,784 0 37 05/01/2034 1 31404X-T8-7 FN 781875 06/01/2015 MBS PAYMENT 1,712 1,712 1,740 1,713 (2) (2) 1,712 0 39 07/01/2034 1 31406Y-4L-1 FN 824427 06/01/2015 MBS PAYMENT 45,838 45,838 46,260 45,890 (52) (52) 45,838 0 988 05/01/2035 1
E 31407E-UR-2 FN 828692 06/01/2015 MBS PAYMENT 2,139 2,139 2,188 2,139 0 2,139 0 53 07/01/2035 1
0 31408E-RU-8 FN 849299 06/01/2015 MBS PAYMENT 12,421 12,421 12,196 12,389 32 32 12,421 0 290 01/01/2036 1 31408G-J5-7 FN 850884 06/01/2015 MBS PAYMENT 8,916 8,916 8,455 8,889 26 26 8,916 0 171 12/01/2035 1 5 31408J-DR-9 FN 852512 06/01/2015 MBS PAYMENT 9,076 9,076 8,489 9,026 50 50 9,076 0 180 01/01/2036 1 .
1 31410L-K3-5 FN 890514 06/01/2015 MBS PAYMENT 226,537 226,537 236,058 227,085 (549) (549) 226,537 0 3,663 12/01/2042 1 31412V-4G-0 FN 936523 06/01/2015 MBS PAYMENT 23,102 23,102 22,831 23,069 33 33 23,102 0 536 07/01/2037 1 31412X-LJ-1 FN 937829 06/01/2015 MBS PAYMENT 15,066 15,066 14,899 15,046 20 20 15,066 0 375 06/01/2037 1 31413F-G5-5 FN 944020 06/01/2015 MBS PAYMENT 79,091 79,091 78,695 79,087 3 3 79,091 0 1,614 08/01/2037 1 31417A-VX-4 FN AB4229 06/01/2015 MBS PAYMENT 17,146 17,146 18,317 17,176 (30) (30) 17,146 0 250 01/01/2042 1 31417F-3H-9 FN AB8899 06/01/2015 MBS PAYMENT 231,805 231,805 228,636 231,667 138 138 231,805 0 2,928 04/01/2043 1 KANSAS ST DEV FIN AUTH 48542K-NL-9 REVENUE 05/12/2015 TRANSFER 1,403,108 1,400,000 1,520,106 1,407,046 (6,154) (6,154) 1,400,893 2,215 2,215 31,306 06/01/2015 1FE LOUISIANA ST GAS & FUELS 546475-GH-1 TAX R 05/12/2015 TRANSFER 1,045,650 1,000,000 1,035,330 1,008,324 (2,221) (2,221) 1,006,103 39,547 39,547 26,528 05/01/2031 1FE NEW MEXICO ST FIN AUTH ST 64711R-DJ-2 TRAN 05/12/2015 TRANSFER 1,592,587 1,490,000 1,578,521 1,513,523 (4,024) (4,024) 1,509,499 83,087 83,087 30,421 12/15/2018 1FE PORT AUTH OF NEW YORK & 73358W-AG-9 NEW JE 05/12/2015 TRANSFER 3,882,358 3,400,000 3,400,000 3,400,000 0 3,400,000 482,358 482,358 80,726 12/01/2019 1FE TAMPA BAY WTR FL UTILITY 875128-GS-3 SYS R 05/12/2015 TRANSFER 2,037,600 2,000,000 2,287,740 2,022,542 (10,866) (10,866) 2,011,676 25,924 25,924 64,458 10/01/2015 1FE UNIV OF ALABAMA AL UNIV 914026-FF-1 GEN RE 05/12/2015 TRANSFER 775,433 750,000 750,000 750,000 0 750,000 25,433 25,433 24,750 07/01/2016 1FE UTAH ST BRD OF RGTS 91754R-KT-3 REVENUE 05/12/2015 TRANSFER 151,601 150,000 161,921 150,830 (517) (517) 150,313 1,288 1,288 5,854 08/01/2017 1FE 3199999 - Bonds - U.S. Special Revenue and Special Assessment and all Non-Guaranteed Obligations of Agencies and Authorities of Governments and Their Political Subdivisions 15,265,664 14,522,824 15,306,156 14,055,828 0 (41,883) 0 (41,883) 0 14,573,985 0 691,678 691,678 344,362 XXX XXX Bonds - Industrial and Miscellaneous (Unaffiliated) 00101N-AB-3 ADS WASTE HOLDINGS INC 06/23/2015 WELLS FARGO SECURITIES LLC 393,750 375,000 398,625 375,000 19,178 (2,253) 16,925 391,925 1,825 1,825 22,773 10/01/2020 5FE 00165A-AG-3 AMC ENTERTAINMENT INC 06/02/2015 BANK AMERICA 200,000 200,000 200,000 0 200,000 0 06/15/2025 4FE 014477-AQ-6 ALERIS INTL INC 04/30/2015 VARIOUS 485,388 470,000 477,931 474,700 1,020 (448) 572 475,271 10,117 10,117 18,918 11/01/2020 4FE CALLED BY ISSUER at 02052L-AE-6 ALON USA ENERGY INC 06/30/2015 100.000 4,167 4,167 3,958 4,017 150 150 4,167 0 200 11/13/2018 4FE 02666Q-D7-5 AMERICAN HONDA FINANCE 05/12/2015 TRANSFER 8,330,196 7,000,000 9,017,550 8,190,199 (110,054) (110,054) 8,080,145 250,051 250,051 327,663 10/01/2018 1FE 03076C-AD-8 AMERIPRISE FINANCIAL INC 05/12/2015 TRANSFER 597,947 500,000 651,670 610,289 (8,561) (8,561) 601,727 (3,780) (3,780) 13,586 06/28/2019 1FE 04226Q-AD-4 ARMORED AUTOGROUP INC 04/29/2015 VARIOUS 336,800 320,000 321,744 (162) (162) 321,582 15,218 15,218 15,047 11/01/2018 5FE 048825-AU-7 ATLANTIC RICHFIELD CO 05/12/2015 TRANSFER 106,941 100,000 129,000 104,892 (1,499) (1,499) 103,394 3,547 3,547 6,885 03/01/2016 1FE 05531F-AG-8 BB&T CORPORATION 05/12/2015 TRANSFER 5,095,876 5,000,000 4,994,200 4,998,530 438 438 4,998,968 96,907 96,907 105,333 03/15/2016 1FE 05579U-AB-9 BMWLT 2014-1 A2 06/20/2015 MBS PAYMENT 477,604 477,604 477,577 477,505 100 100 477,604 0 881 03/21/2016 1FE 07387B-EB-5 BSCMS 2005-PW10 A4 06/01/2015 MBS PAYMENT 440,012 440,012 479,819 444,371 (4,359) (4,359) 440,012 0 11,796 12/11/2040 1FM 079867-AQ-0 BELLSOUTH TELECOMMUNICAT 06/15/2015 SINK 83,320 83,320 75,880 82,835 485 485 83,320 0 2,629 12/15/2015 2FE STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY SCHEDULE D - PART 4 Show All Long-Term Bonds and Stock Sold, Redeemed or Otherwise Disposed of During the Current Quarter 1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21 22
11 12 13 14 15 F NAIC o Desig- r Current Year’s Book/ Bond nation e Prior Year Unrealized Other Than Total Foreign Adjusted Foreign Interest/Stock Stated or CUSIP i Number of Book/Adjusted Valuation Current Year’s Temporary Total Change in Exchange Carrying Value Exchange Gain Realized Gain Total Gain Dividends Contractual Market Identi- g Disposal Shares of Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at (Loss) on (Loss) on (Loss) on Received Maturity Indicator fication Description n Date Name of Purchaser Stock Consideration Par Value Actual Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Disposal Date Disposal Disposal Disposal During Year Date (a) CALLED BY ISSUER at 08579J-AJ-1 BERRY PLASTICS GROUP INC 06/30/2015 100.000 5,000 5,000 5,000 4,842 158 158 5,000 0 88 02/08/2020 3FE CALLED BY ISSUER at 12572X-AA-8 CME GROUP INDEX SERVICES 04/08/2015 109.870 2,636,880 2,400,000 2,609,640 2,603,471 33,409 33,409 2,636,880 0 59,546 03/15/2018 1FE 12623P-AB-2 CNH 2014-B A2 06/15/2015 MBS PAYMENT 467,392 467,392 467,370 467,306 86 86 467,392 0 855 08/15/2017 1FE CALLED BY ISSUER at 12657@-AA-7 PHILIPS ELECT 04/01/2015 100.000 13,464 13,464 13,464 13,464 0 13,464 0 278 04/01/2027 2 126650-BH-2 CVS HEALTH CORP 05/12/2015 TRANSFER 1,092,759 1,000,000 1,071,630 1,025,737 (3,695) (3,695) 1,022,042 70,717 70,717 25,715 06/01/2017 2FE 14313R-AB-9 CARMX 2014-2 A2 06/15/2015 MBS PAYMENT 368,760 368,760 368,742 368,698 62 62 368,760 0 699 04/17/2017 1FE 144141-CW-6 DUKE ENERGY PROGRESS INC 04/01/2015 MATURITY 2,000,000 2,000,000 2,120,660 2,005,809 (5,809) (5,809) 2,000,000 0 51,500 04/01/2015 1FE 150191-AG-9 CEDAR FAIR LP/CANADAS W 05/22/2015 EXCHANGE 626,090 620,000 626,750 616,900 9,468 (279) 9,189 626,090 0 15,829 06/01/2024 4FE 156700-AS-5 CENTURYLINK INC 05/04/2015 VARIOUS 247,772 238,000 237,624 237,710 11 11 237,721 10,051 10,051 8,728 03/15/2022 3FE 17275R-AC-6 CISCO SYSTEMS INC 05/12/2015 TRANSFER 5,195,905 5,000,000 5,003,900 5,000,600 (188) (188) 5,000,413 195,492 195,492 198,611 02/22/2016 1FE 17322M-AS-5 CGCMT 2014-GC21 A1 06/01/2015 MBS PAYMENT 45,560 45,560 45,559 45,560 0 45,560 0 237 05/10/2047 1FM 184496-AL-1 CLEAN HARBORS INC 05/04/2015 VARIOUS 184,606 180,000 180,438 180,313 116 (35) 81 180,395 4,212 4,212 3,907 06/01/2021 3FE 18538R-AH-6 CLEARWATER PAPER CORP 04/30/2015 WELLS FARGO SECURITIES LLC 249,756 245,000 245,000 241,325 3,675 3,675 245,000 4,756 4,756 10,040 02/01/2025 3FE 22160K-AC-9 COSTCO WHOLESALE CORP 05/12/2015 TRANSFER 1,085,254 1,000,000 1,068,270 1,020,933 (3,315) (3,315) 1,017,618 67,636 67,636 36,208 03/15/2017 1FE 224044-CA-3 COX COMMUNICATIONS INC 06/24/2015 VARIOUS 465,358 505,000 499,253 500,088 248 248 500,336 (34,978) (34,978) 7,282 06/30/2023 2FE 228189-AB-2 CROWN AMER/CAP CORP IV 04/27/2015 JEFFERIES & CO 102,380 100,000 100,000 97,000 3,005 (5) 3,000 100,000 2,380 2,380 3,563 01/15/2023 3FE 23311R-AE-6 DCP MIDSTREAM LLC 04/30/2015 MAXIM GROUP LLC 51,728 55,000 56,628 56,269 (56) (56) 56,213 (4,486) (4,486) 1,560 09/30/2021 3FE 237266-AG-6 DARLING INGREDIENTS INC 04/27/2015 SUMRIDGE PARTNERS 51,688 50,000 50,339 49,250 1,075 (19) 1,056 50,306 1,381 1,381 2,128 01/15/2022 3FE CALLED BY ISSUER at 25260E-AL-5 DIAMOND FOODS INC 04/30/2015 100.000 1,263 1,263 1,258 5 5 1,263 0 7 08/20/2018 4FE 260543-BV-4 DOW CHEMICAL CO/THE 05/12/2015 TRANSFER 1,116,478 1,000,000 1,118,190 1,061,543 (6,265) (6,265) 1,055,279 61,200 61,200 28,025 05/15/2018 2FE
E CALLED BY ISSUER at
0 26869E-AB-0 EMG UTICA LLC 06/30/2015 100.000 64,318 64,318 63,996 63,192 881 244 1,125 64,318 0 1,550 03/27/2020 4FE 277432-AH-3 EASTMAN CHEMICAL CO 05/12/2015 TRANSFER 278,351 250,000 285,410 274,163 (1,670) (1,670) 272,493 5,857 5,857 6,760 11/15/2019 2FE 5 CALLED BY ISSUER at .
2 29363W-AG-4 ENTERCOM RADIO LLC 04/14/2015 100.000 1,000 1,000 1,000 992 8 8 1,000 0 10 11/23/2018 3FE 29366A-AA-2 ELL 2011-A A1 06/01/2015 MBS PAYMENT 134,379 134,379 134,357 134,379 0 134,379 0 1,371 09/01/2023 1FE 29380T-AS-4 EPR PROPERTIES 04/30/2015 WELLS FARGO SECURITIES LLC 59,978 50,000 51,888 51,295 (67) (67) 51,228 8,749 8,749 3,122 07/15/2020 2FE 30165P-AA-0 EART 2013-2A A 06/15/2015 MBS PAYMENT 108,620 108,620 108,618 108,585 35 35 108,620 0 669 11/15/2017 1FE 30283#-AA-9 FLOWERS FOODS INC 06/10/2015 SINK 13,158 13,158 13,158 13,158 0 13,158 0 264 12/10/2031 2Z 361448-AK-9 GATX CORP 05/12/2015 TRANSFER 1,026,831 1,000,000 1,002,774 1,000,825 (192) (192) 1,000,634 26,197 26,197 28,875 07/15/2016 2FE 36163T-AB-9 GEEMT 2014-1 A2 06/22/2015 MBS PAYMENT 96,185 96,185 96,178 96,147 38 38 96,185 0 296 04/24/2017 1FE 36228F-PF-7 GSR 2003-3F 2A1 06/01/2015 MBS PAYMENT 285 285 292 286 0 285 0 5 04/25/2033 1FM 378272-AF-5 GLENCORE FUNDING LLC 04/30/2015 J.P. MORGAN 55,171 55,000 52,340 52,679 78 78 52,757 2,414 2,414 977 05/30/2023 2FE 38147M-AA-3 GOLDMAN SACHS GROUP INC 05/12/2015 TRANSFER 2,056,143 2,000,000 1,998,340 1,998,797 118 118 1,998,915 57,228 57,228 47,206 07/19/2018 1FE 38869P-AL-8 GRAPHIC PACKAGING INTL 04/30/2015 CIBC WORLD MARKETS - US 88,142 85,000 89,446 (66) (66) 89,380 (1,237) (1,237) 2,060 11/15/2022 3FE 389375-AG-1 GRAY TELEVISION INC 06/23/2015 WELLS FARGO SECURITIES LLC 584,485 550,000 576,525 563,183 8,727 (2,607) 6,120 569,302 15,183 15,183 30,365 10/01/2020 5FE 41284A-AB-4 HDMOT 2014-1 A2A 06/15/2015 MBS PAYMENT 155,108 155,108 155,098 155,080 29 29 155,108 0 313 04/16/2018 1FE 42002R-AJ-9 HAWAIIAN TELCOM COMMUN 06/30/2015 VARIOUS 4,952 4,952 4,927 4,927 25 25 4,952 0 187 06/06/2019 4FE 427093-AJ-8 HERCULES OFFSHORE INC 06/19/2015 VARIOUS 41,153 118,000 118,000 50,740 67,260 35,400 31,860 82,600 (41,448) (41,448) 3,983 04/01/2022 5FE CALLED BY ISSUER at 444454-AB-8 HUGHES SATELITE SYSTEMS 06/12/2015 103.000 26,780 26,000 26,362 26,242 538 538 26,780 0 83 06/15/2019 3FE 44614A-AD-5 HUNT 2012-1 A4 06/15/2015 MBS PAYMENT 84,799 84,799 84,784 84,759 40 40 84,799 0 500 06/15/2017 1FE 464592-AL-8 ISLE OF CAPRI CASINOS 04/14/2015 TENDER OFFER 358,792 344,000 333,306 335,734 256 220 476 336,211 22,581 22,581 15,478 03/15/2019 4FE 464592-AN-4 ISLE OF CAPRI CASINOS 06/23/2015 J.P. MORGAN 478,730 439,000 442,209 441,168 (268) (268) 440,900 37,829 37,829 20,671 06/15/2020 4FE 46625H-GY-0 JPMORGAN CHASE & CO 05/12/2015 TRANSFER 1,944,343 1,750,000 1,902,150 1,816,615 (7,522) (7,522) 1,809,093 135,250 135,250 86,625 01/15/2018 1FE 46625H-HR-4 JPMORGAN CHASE & CO 05/12/2015 TRANSFER 2,507,500 2,500,000 2,548,725 2,505,091 (3,855) (3,855) 2,501,236 6,264 6,264 32,583 06/24/2015 1FE 46625H-HX-1 JPMORGAN CHASE & CO 05/12/2015 TRANSFER 4,085,264 4,000,000 4,060,520 4,015,547 (4,794) (4,794) 4,010,753 74,511 74,511 96,217 03/01/2016 1FE 46625H-JL-5 JPMORGAN CHASE & CO 05/12/2015 TRANSFER 821,412 825,000 823,664 824,087 96 96 824,183 (2,770) (2,770) 6,591 05/15/2018 1FE 46625Y-SG-9 JPMCC 2005-LDP3 A4A 06/01/2015 MBS PAYMENT 334,146 334,146 366,973 339,289 (5,143) (5,143) 334,146 0 6,725 08/15/2042 1FM 466313-AG-8 JABIL CIRCUIT INC 04/27/2015 MILLENNIUM ADVISORS 56,805 55,000 54,996 55,000 0 55,000 1,805 1,805 1,616 09/15/2022 2FE 483007-AE-0 KAISER ALUMINUM CORP 04/27/2015 SUMRIDGE PARTNERS 81,558 75,000 75,000 75,000 0 75,000 6,558 6,558 2,561 06/01/2020 3FE CALLED BY ISSUER at 48586J-AB-5 KATE SPADE & CO 04/02/2015 100.000 1,250 1,250 1,244 1,205 43 2 45 1,250 0 13 04/10/2021 4FE 493268-BY-1 KSLT 2004-A 2A2 04/27/2015 MBS PAYMENT 76,249 76,249 75,654 76,128 122 122 76,249 0 210 10/28/2041 1FE 501889-AB-5 LKQ CORP 04/30/2015 MILLENNIUM ADVISORS 54,566 55,000 56,603 52,525 3,945 (70) 3,875 56,400 (1,834) (1,834) 1,234 05/15/2023 3FE 52108M-DH-3 LBUBS 2006-C1 A4 06/11/2015 MBS PAYMENT 129,586 129,586 137,093 131,090 (1,504) (1,504) 129,586 0 2,417 02/15/2031 1FM 532457-BB-3 ELI LILLY & CO 05/12/2015 TRANSFER 4,313,841 4,000,000 4,189,200 4,061,654 (9,766) (9,766) 4,051,888 261,953 261,953 136,933 03/15/2017 1FE 552081-AK-7 LYONDELLBASELL IND NV E 04/30/2015 VARIOUS 313,833 265,000 265,000 265,000 0 265,000 48,833 48,833 8,195 04/15/2024 2FE CALLED BY ISSUER at 55301H-AN-2 MGM RESORTS INTL 06/30/2015 100.000 17,746 17,746 17,658 17,280 401 65 466 17,746 0 205 12/20/2019 3FE 55315C-AB-3 MMAF 2014-AA A2 06/08/2015 MBS PAYMENT 287,081 287,081 287,057 287,048 33 33 287,081 0 611 04/10/2017 1FE 574599-BJ-4 MASCO CORP 04/27/2015 KEYBANC CAPITAL MARKETS 78,075 75,000 75,000 0 75,000 3,075 3,075 334 04/01/2025 3FE 585907-AN-8 BNY MELLON NA 05/12/2015 TRANSFER 5,215,249 5,000,000 4,998,450 4,999,765 67 67 4,999,832 215,417 215,417 167,285 04/01/2016 1FE STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY SCHEDULE D - PART 4 Show All Long-Term Bonds and Stock Sold, Redeemed or Otherwise Disposed of During the Current Quarter 1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21 22
11 12 13 14 15 F NAIC o Desig- r Current Year’s Book/ Bond nation e Prior Year Unrealized Other Than Total Foreign Adjusted Foreign Interest/Stock Stated or CUSIP i Number of Book/Adjusted Valuation Current Year’s Temporary Total Change in Exchange Carrying Value Exchange Gain Realized Gain Total Gain Dividends Contractual Market Identi- g Disposal Shares of Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at (Loss) on (Loss) on (Loss) on Received Maturity Indicator fication Description n Date Name of Purchaser Stock Consideration Par Value Actual Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Disposal Date Disposal Disposal Disposal During Year Date (a) CALLED BY ISSUER at 59562T-AH-5 MIDAS INTERMEDIATE HOLDC 06/30/2015 100.000 1,878 1,878 1,867 1,867 1 10 11 1,878 0 44 08/18/2021 4FE 60040#-AA-0 MILLENNIUM 06/30/2015 SINK 13,601 13,601 13,601 13,601 0 13,601 0 362 06/30/2027 2Z CALLED BY ISSUER at 605024-AJ-7 MISSION BROADCASTING INC 06/30/2015 100.000 468 468 465 3 3 468 0 4 10/01/2020 3FE 61166W-AF-8 MONSANTO CO 05/12/2015 TRANSFER 2,623,466 2,400,000 2,552,592 2,467,213 (6,983) (6,983) 2,460,230 163,236 163,236 70,725 04/15/2018 1FE 61750H-AE-6 MSC 2006-HQ10 A4 06/01/2015 MBS PAYMENT 7,157 7,157 7,163 7,157 0 7,157 0 159 11/12/2041 1FM 627048-AF-8 MURRAY ENERGY CORP 04/16/2015 VARIOUS 990,000 990,000 985,050 950,895 39,105 39,105 990,000 0 23,475 12/05/2019 3FE 637432-KT-1 NATIONAL RURAL UTIL COOP 05/12/2015 TRANSFER 1,711,997 1,550,000 1,668,250 1,599,729 (5,543) (5,543) 1,594,185 117,812 117,812 65,937 02/01/2018 1FE NEIMAN MARCUS GROUP LTD 64021S-AC-3 LLC 05/01/2015 VARIOUS 1,259 1,259 1,221 39 39 1,259 0 18 10/25/2020 4FE 652482-CG-3 21ST CENTURY FOX AMERICA 04/06/2015 EXCHANGE 504,360 500,000 505,320 504,498 (138) (138) 504,360 0 8,375 09/15/2022 2FE CALLED BY ISSUER at 65336R-AJ-7 NEXSTAR BROADCASTING INC 06/30/2015 100.000 530 530 527 3 3 530 0 4 10/01/2020 3FE 665772-CD-9 NORTHERN STATES PWR-MINN 05/12/2015 TRANSFER 1,549,864 1,400,000 1,506,470 1,445,368 (4,922) (4,922) 1,440,446 109,418 109,418 51,246 03/01/2018 1FE CALLED BY ISSUER at 67001B-AN-3 NOVELIS INC G 06/02/2015 100.000 1,915,083 1,915,083 1,920,876 1,892,941 27,871 (5,729) 22,142 1,915,083 0 30,522 03/10/2017 3FE 67059T-AB-1 NUSTAR LOGISTICS LP 04/27/2015 MILLENNIUM ADVISORS 50,318 50,000 49,904 47,250 2,691 3 2,694 49,944 374 374 1,593 09/01/2020 3FE 69318F-AB-4 PBF HOLDING CO LLC 04/30/2015 MORGAN STANLEY 79,988 75,000 82,500 75,000 5,686 (783) 4,903 79,904 84 84 4,469 02/15/2020 3FE 69371R-M4-5 PACCAR FINANCIAL CORP 05/12/2015 TRANSFER 650,993 650,000 649,389 35 35 649,424 1,569 1,569 1,649 03/09/2018 1FE 713448-BH-0 PEPSICO INC 05/12/2015 TRANSFER 552,178 500,000 536,325 516,043 (1,607) (1,607) 514,436 37,743 37,743 11,181 06/01/2018 1FE 718172-AA-7 PHILIP MORRIS INTL INC 05/12/2015 TRANSFER 280,266 250,000 289,530 282,112 (3,371) (3,371) 278,741 1,525 1,525 6,906 05/16/2018 1FE 73179P-AK-2 POLYONE CORP 04/27/2015 SUMRIDGE PARTNERS 57,420 55,000 55,264 55,069 169 (8) 161 55,230 2,190 2,190 1,805 03/15/2023 3FE 747262-AH-6 QVC INC 04/30/2015 MILLENNIUM ADVISORS 25,241 24,000 24,552 24,460 (18) (18) 24,443 798 798 1,035 07/02/2022 2FE
E 74965W-AA-5 ROC FINANCE LLC/ROC FIN 04/27/2015 JANNEY MONTGOMERY SCOTT 518,950 485,000 542,238 511,411 5,319 (3,675) 1,644 513,055 5,895 5,895 39,041 09/01/2018 5FE
0 77118E-AK-2 ROC FINANCE LLC 04/17/2015 VARIOUS 1,947,838 1,970,000 1,952,913 1,827,175 129,618 1,102 130,720 1,957,895 (10,058) (10,058) 57,177 03/29/2019 4FE 779382-AR-1 ROWAN COMPANIES INC 04/30/2015 CITIGROUP GLOBAL MARKETS 448,518 473,000 473,528 473,339 (13) (13) 473,325 (24,808) (24,808) 18,099 01/15/2024 2FE 5 785592-AE-6 SABINE PASS LIQUEFACTION 04/30/2015 MILLENNIUM ADVISORS 77,275 75,000 78,638 73,688 4,878 (175) 4,703 78,391 (1,116) (1,116) 3,211 02/01/2021 3FE .
3 80283Y-AC-9 SDART 2014-4 A2B 06/15/2015 MBS PAYMENT 341,349 341,349 341,349 341,349 0 341,349 0 698 01/16/2018 1FE CALLED BY ISSUER at 82087U-AB-3 SHEARERS FOODS LLC 06/30/2015 100.000 1,253 1,253 1,251 2 2 1,253 0 17 06/30/2021 4FE 826700-AA-4 SIGNODE INDUSTRIAL GROUP 06/23/2015 GOLDMAN SACHS 777,908 795,000 789,525 767,175 22,438 287 22,725 789,900 (11,993) (11,993) 33,084 05/01/2022 5FE RBC CAPITAL MARKETS 829259-AR-1 SINCLAIR TELEVISION GROU 04/30/2015 SECURITIES - US 131,950 130,000 130,000 125,775 4,225 4,225 130,000 1,950 1,950 5,728 08/01/2024 4FE 843877-AJ-0 SOUTHERN STATES COOP INC 04/30/2015 WELLS FARGO SECURITIES LLC 274,050 290,000 281,300 248,675 33,667 284 33,951 282,626 (8,576) (8,576) 20,944 08/15/2021 4FE 86686B-AC-9 SUN PRODUCTS CORP 03/26/2015 VARIOUS 27 27 26 25 2 2 27 0 39 03/18/2020 4FE 880394-AE-1 PACTIV LLC 06/23/2015 CREDIT SUISSE 88,880 88,000 91,209 87,120 4,017 (76) 3,941 91,061 (2,181) (2,181) 5,139 04/15/2027 5FE RBC CAPITAL MARKETS 884768-AF-9 THOMPSON CREEK METALS CO G 04/30/2015 SECURITIES - US 261,900 250,000 261,250 (1,635) (1,635) 259,615 2,285 2,285 18,552 12/01/2017 4FE CALLED BY ISSUER at 89566E-A*-9 TRI STATE 04/08/2015 100.000 285,714 285,714 285,714 285,714 0 285,714 0 8,571 04/08/2019 1 911365-BD-5 UNITED RENTALS NORTH AM 04/30/2015 GOLDMAN SACHS 101,551 100,000 100,500 (8) (8) 100,492 1,059 1,059 596 07/15/2025 4FE 913017-BM-0 UNITED TECHNOLOGIES CORP 05/12/2015 TRANSFER 2,208,088 2,000,000 2,182,600 2,074,238 (8,684) (8,684) 2,065,554 142,534 142,534 43,896 12/15/2017 1FE 92675U-AC-8 ARMORED AUTOGROUP INC 05/21/2015 VARIOUS 1,907,455 1,907,455 1,895,499 1,896,329 3,419 7,708 11,127 1,907,455 0 69,677 11/05/2016 4FE 929903-DT-6 WACHOVIA CORP 05/12/2015 TRANSFER 2,267,016 2,075,000 2,288,704 2,162,376 (12,440) (12,440) 2,149,936 117,080 117,080 48,719 06/15/2017 1FE 931142-CG-6 WAL-MART STORES INC 05/12/2015 TRANSFER 1,086,662 1,000,000 1,076,440 1,023,716 (3,663) (3,663) 1,020,053 66,610 66,610 32,399 04/05/2017 1FE CALLED BY ISSUER at 94331G-AD-9 WAUSAU PAPER CORP 06/30/2015 100.000 4,874 4,874 4,777 4,782 93 93 4,874 0 120 07/30/2020 4FE RBC CAPITAL MARKETS 959319-AG-9 WESTERN REFINING INC 04/30/2015 SECURITIES - US 253,750 250,000 251,250 244,375 6,679 (76) 6,603 250,979 2,771 2,771 9,288 04/01/2021 4FE CALLED BY ISSUER at 95931C-AK-3 WESTERN REFINING INC 06/30/2015 100.000 625 625 625 605 20 20 625 0 13 11/12/2020 4FE 961548-AV-6 WESTVACO CORP 04/30/2015 VARIOUS 172,260 125,000 132,139 131,494 (79) (79) 131,415 40,845 40,845 8,120 01/15/2030 2FE 96328D-AC-8 WHLS 2014-1A A2 06/20/2015 MBS PAYMENT 124,742 124,742 124,734 124,687 55 55 124,742 0 439 03/20/2023 1FE 98161D-AB-6 WOLS 2014-A A2A 06/15/2015 MBS PAYMENT 123,809 123,809 123,803 123,774 35 35 123,809 0 397 03/15/2017 1FE CALLED BY ISSUER at 69419B-A*-6 PACIFIC DRILLING SA E 06/03/2015 100.000 3,750 3,750 3,731 3,056 681 13 694 3,750 0 85 06/03/2018 4FE CALLED BY ISSUER at 61534J-A*-6 MOOD MEDIA CORP G 06/30/2015 100.000 2,500 2,500 2,475 2,366 124 10 134 2,500 0 88 05/01/2019 4FE 146900-AL-9 CASCADES INC A 05/19/2015 VARIOUS 884,209 847,000 909,466 878,763 2,218 (1,975) 243 879,005 5,204 5,204 56,172 01/15/2020 3FE 63307E-AB-3 NATIONAL BANK OF CANADA A 05/12/2015 TRANSFER 3,058,665 3,000,000 3,113,250 3,044,433 (8,892) (8,892) 3,035,541 23,124 23,124 37,217 10/19/2016 1FE RESTAURANT BRANDS C6902#-AA-7 INTERNATI A 05/26/2015 VARIOUS 991,170 991,170 980,301 980,520 10,650 10,650 991,170 0 25,293 08/26/2021 4FE 002799-AQ-7 ABBEY NATL TREASURY SERV F 05/12/2015 TRANSFER 818,604 815,000 811,716 811,907 228 228 812,135 6,469 6,469 12,875 09/10/2019 1FE 02364W-BC-8 AMERICA MOVIL SAB DE CV F 05/12/2015 TRANSFER 651,123 640,000 663,040 651,264 (2,410) (2,410) 648,854 2,269 2,269 10,302 09/08/2016 1FE 03969A-AD-2 ARDAGH PKG FIN/HLDGS USA F 06/23/2015 MORGAN STANLEY 331,500 325,000 327,844 319,313 7,938 (329) 7,609 326,922 4,578 4,578 18,394 01/31/2019 5FE STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY SCHEDULE D - PART 4 Show All Long-Term Bonds and Stock Sold, Redeemed or Otherwise Disposed of During the Current Quarter 1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21 22
11 12 13 14 15 F NAIC o Desig- r Current Year’s Book/ Bond nation e Prior Year Unrealized Other Than Total Foreign Adjusted Foreign Interest/Stock Stated or CUSIP i Number of Book/Adjusted Valuation Current Year’s Temporary Total Change in Exchange Carrying Value Exchange Gain Realized Gain Total Gain Dividends Contractual Market Identi- g Disposal Shares of Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at (Loss) on (Loss) on (Loss) on Received Maturity Indicator fication Description n Date Name of Purchaser Stock Consideration Par Value Actual Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Disposal Date Disposal Disposal Disposal During Year Date (a) CALLED BY ISSUER at 04916R-AB-1 ATLAS IRON LTD F 06/30/2015 100.000 5,006 5,006 3,313 2,534 779 779 3,313 1,693 1,693 220 12/10/2017 5FE 05567L-U5-4 BNP PARIBAS F 05/12/2015 TRANSFER 1,277,743 1,250,000 1,248,700 1,249,682 100 100 1,249,782 27,961 27,961 32,375 02/23/2016 1FE 2027A0-HL-6 COMMONWEALTH BANK AUST F 05/12/2015 TRANSFER 943,774 945,000 945,000 945,000 0 945,000 (1,226) (1,226) 3,245 09/06/2019 1FE 23290H-AA-1 DH SERVICES LUX SARL F 06/23/2015 WELLS FARGO SECURITIES LLC 559,520 538,000 542,625 541,273 (352) (352) 540,920 18,600 18,600 22,122 12/15/2020 5FE 29605Y-AA-1 ESAL GMBH F 04/27/2015 BANK AMERICA 75,038 75,000 72,609 25 25 72,634 2,403 2,403 1,107 02/05/2023 3FE 539473-AQ-1 LLOYDS BANK PLC F 05/12/2015 TRANSFER 785,222 745,000 814,129 786,307 (6,600) (6,600) 779,707 5,515 5,515 19,469 03/28/2017 1FE 55608P-AH-7 MACQUARIE BANK LTD F 05/12/2015 TRANSFER 5,050,272 5,000,000 5,040,107 5,036,328 (2,809) (2,809) 5,033,519 16,753 16,753 49,833 06/24/2019 1FE 76720A-AM-8 RIO TINTO FIN USA PLC F 05/12/2015 TRANSFER 574,609 570,000 575,318 574,606 (418) (418) 574,188 420 420 5,273 12/14/2018 1FE 85771P-AT-9 STATOIL ASA F 05/12/2015 TRANSFER 1,075,673 1,075,000 1,072,162 1,072,294 339 339 1,072,633 3,040 3,040 6,793 11/09/2017 1FE 913364-AB-1 UNITYMEDIA HESSEN / NRW F 04/27/2015 BNP PARIBAS DUBLIN 118,934 113,000 114,463 114,152 (54) (54) 114,097 4,836 4,836 4,920 01/15/2023 3FE 961214-BN-2 WESTPAC BANKING CORP F 05/12/2015 TRANSFER 5,029,275 5,000,000 4,977,000 4,997,095 1,784 1,784 4,998,879 30,396 30,396 115,833 08/04/2015 1FE CALLED BY ISSUER at G673A#-AB-8 OFFSHORE GROUP INVST LTD F 06/30/2015 100.000 1,250 1,250 1,231 930 306 14 320 1,250 0 36 03/28/2019 5FE DRILLSHIPS OCEAN VENTURES CALLED BY ISSUER at 26205W-A*-8 IN F 04/27/2015 100.000 1,250 1,250 1,238 1,005 233 12 245 1,250 0 35 07/25/2021 4FE 3899999 - Bonds - Industrial and Miscellaneous (Unaffiliated) 105,257,556 100,513,157 105,172,260 100,761,664 421,300 (208,413) 35,400 177,487 0 102,713,807 0 2,543,742 2,543,742 2,820,777 XXX XXX 8399997 - Subtotals - Bonds - Part 4 138,706,254 132,783,646 139,209,195 132,688,254 421,300 (303,915) 35,400 81,985 0 135,122,694 0 3,583,553 3,583,553 3,645,728 XXX XXX 8399999 - Subtotals - Bonds 138,706,254 132,783,646 139,209,195 132,688,254 421,300 (303,915) 35,400 81,985 0 135,122,694 0 3,583,553 3,583,553 3,645,728 XXX XXX Preferred Stocks - Industrial and Miscellaneous (Unaffiliated) EDUCATION MANAGEMENT CORP 28140M-20-2 PREFERRED 04/16/2015 EXCHANGE 4,843.000 156,463 156,463 0 156,463 0 XXX P4UZ 8499999 - Preferred Stocks - Industrial and Miscellaneous (Unaffiliated) 156,463 XXX 156,463 0 0 0 0 0 0 156,463 0 0 0 0 XXX XXX E 8999997 - Total - Preferred Stocks - Part 4 156,463 XXX 156,463 0 0 0 0 0 0 156,463 0 0 0 0 XXX XXX 0 8999999 - Subtotals - Preferred Stocks 156,463 XXX 156,463 0 0 0 0 0 0 156,463 0 0 0 0 XXX XXX 5 Common Stocks - Industrial and Miscellaneous (Unaffiliated) .
4 001282-10-2 A H BELO CORP-A 06/15/2015 VARIOUS 15,618.000 86,455 XXX 169,199 162,115 7,084 7,084 169,199 (82,745) (82,745) 37,528 XXX L 002824-10-0 ABBOTT LABORATORIES 06/10/2015 VARIOUS 4,974.000 240,747 XXX 229,823 10,084 (4,237) (4,237) 229,823 10,924 10,924 828 XXX L 00287Y-10-9 ABBVIE INC 06/10/2015 VARIOUS 3,897.000 263,451 XXX 169,103 196,778 (78,825) (78,825) 169,103 94,348 94,348 3,461 XXX L 009363-10-2 AIRGAS INC 06/10/2015 DEUTSCHE BANK 2,110.000 219,257 XXX 228,297 167,011 (9,787) (9,787) 228,297 (9,040) (9,040) 930 XXX L ALEXANDRIA REAL ESTATE 015271-10-9 EQUIT 06/10/2015 VARIOUS 910.000 82,399 XXX 60,358 78,979 (20,554) (20,554) 60,358 22,041 22,041 1,332 XXX L 020002-10-1 ALLSTATE CORP 05/06/2015 GOLDMAN SACHS 870.000 58,471 XXX 24,577 61,118 (36,540) (36,540) 24,577 33,894 33,894 505 XXX L 02209S-10-3 ALTRIA GROUP INC 06/10/2015 VARIOUS 11,080.000 547,828 XXX 510,157 511,423 (36,591) (36,591) 510,157 37,671 37,671 10,795 XXX L 03076C-10-6 AMERIPRISE FINANCIAL INC 06/10/2015 VARIOUS 1,340.000 172,982 XXX 82,838 177,215 (94,377) (94,377) 82,838 90,144 90,144 1,675 XXX L 032654-10-5 ANALOG DEVICES INC 06/10/2015 VARIOUS 4,480.000 300,075 XXX 176,862 244,843 (71,991) (71,991) 176,862 123,213 123,213 3,328 XXX L 036752-10-3 ANTHEM INC 05/06/2015 SANFORD C. BERNSTEIN & CO 77.000 11,907 XXX 4,730 9,677 (4,946) (4,946) 4,730 7,177 7,177 48 XXX L 03761U-10-6 APOLLO INVESTMENT CORP 06/25/2015 WELLS FARGO SECURITIES LLC 32,452.000 234,095 XXX 271,000 240,794 30,206 30,206 271,000 (36,906) (36,906) 12,981 XXX L 037833-10-0 APPLE INC 06/10/2015 VARIOUS 5,420.000 696,155 XXX 443,012 589,429 (156,311) (156,311) 443,012 253,143 253,143 5,328 XXX L 053015-10-3 AUTOMATIC DATA PROCESSING 05/07/2015 VARIOUS 958.000 81,787 XXX 43,174 79,868 (36,695) (36,695) 43,174 38,613 38,613 939 XXX L 053484-10-1 AVALONBAY COMMUNITIES INC 06/10/2015 VARIOUS 1,030.000 166,811 XXX 134,703 165,024 (33,749) (33,749) 134,703 32,108 32,108 2,459 XXX L 054937-10-7 BB&T CORP 05/07/2015 JEFFERIES & CO 900.000 34,699 XXX 22,806 35,001 (12,195) (12,195) 22,806 11,893 11,893 216 XXX L 071813-10-9 BAXTER INTERNATIONAL INC 06/02/2015 VARIOUS 9,907.000 659,890 XXX 554,033 726,084 (172,051) (172,051) 554,033 105,857 105,857 10,303 XXX L 075887-10-9 BECTON DICKINSON AND CO 06/10/2015 VARIOUS 2,430.000 341,104 XXX 195,841 332,592 (142,404) (142,404) 195,841 145,262 145,262 2,712 XXX L 086516-10-1 BEST BUY CO INC 06/10/2015 DEUTSCHE BANK 3,890.000 133,055 XXX 152,864 0 152,864 (19,809) (19,809) 1,798 XXX L 09247X-10-1 BLACKROCK INC 05/07/2015 JEFFERIES & CO 170.000 62,162 XXX 31,177 60,785 (29,609) (29,609) 31,177 30,985 30,985 371 XXX L 109641-10-0 BRINKER INTERNATIONAL INC 06/10/2015 DEUTSCHE BANK 3,720.000 210,790 XXX 162,728 160,811 (54,858) (54,858) 162,728 48,062 48,062 1,809 XXX L 110122-10-8 BRISTOL-MYERS SQUIBB CO 05/07/2015 JEFFERIES & CO 620.000 40,321 XXX 28,030 36,599 (8,568) (8,568) 28,030 12,291 12,291 459 XXX L BROADRIDGE FINANCIAL 11133T-10-3 SOLUTIO 05/06/2015 GOLDMAN SACHS 934.000 50,011 XXX 21,403 43,132 (21,730) (21,730) 21,403 28,609 28,609 504 XXX L 115236-10-1 BROWN & BROWN INC 05/06/2015 GOLDMAN SACHS 1,800.000 56,875 XXX 58,252 59,238 (986) (986) 58,252 (1,377) (1,377) 396 XXX L 118230-10-1 BUCKEYE PARTNERS LP 05/28/2015 BARCLAYS AMERICAN 140.000 10,930 XXX 10,564 0 10,564 365 365 161 XXX L 12561W-10-5 CLECO CORPORATION 05/06/2015 GOLDMAN SACHS 735.000 39,476 XXX 39,426 40,087 (661) (661) 39,426 50 50 588 XXX L 12572Q-10-5 CME GROUP INC 05/07/2015 JEFFERIES & CO 680.000 62,821 XXX 38,835 60,282 (21,447) (21,447) 38,835 23,985 23,985 1,700 XXX L 125896-10-0 CMS ENERGY CORP 06/10/2015 VARIOUS 6,600.000 212,803 XXX 154,095 225,528 (75,363) (75,363) 154,095 58,707 58,707 3,796 XXX L CAPITAL ONE FINANCIAL 14040H-10-5 CORP 06/10/2015 VARIOUS 1,360.000 117,171 XXX 110,663 0 110,663 6,508 6,508 544 XXX L 166764-10-0 CHEVRON CORP 05/07/2015 VARIOUS 2,420.000 262,165 XXX 253,928 271,476 (17,548) (17,548) 253,928 8,237 8,237 2,589 XXX L 171340-10-2 CHURCH & DWIGHT CO INC 05/06/2015 GOLDMAN SACHS 846.000 68,906 XXX 54,870 66,673 (11,803) (11,803) 54,870 14,035 14,035 283 XXX L 172062-10-1 CINCINNATI FINANCIAL CORP 06/10/2015 VARIOUS 2,520.000 128,852 XXX 76,009 130,612 (54,602) (54,602) 76,009 52,843 52,843 2,268 XXX L 17243V-10-2 CINEMARK HOLDINGS INC 06/10/2015 VARIOUS 2,980.000 119,544 XXX 62,309 106,028 (43,719) (43,719) 62,309 57,235 57,235 1,380 XXX L 191216-10-0 COCA-COLA CO/THE 05/07/2015 JEFFERIES & CO 700.000 28,479 XXX 23,643 29,554 (5,912) (5,912) 23,643 4,836 4,836 231 XXX L 19122T-10-9 COCA-COLA ENTERPRISES 06/10/2015 VARIOUS 3,780.000 164,658 XXX 169,937 0 169,937 (5,279) (5,279) 1,602 XXX L 20030N-20-0 COMCAST CORP-SPECIAL CL A 06/10/2015 VARIOUS 1,490.000 86,048 XXX 71,728 84,045 (14,075) (14,075) 71,728 14,321 14,321 701 XXX L 20341J-10-4 COMMUNICATIONS SALES & LE 05/20/2015 CASH IN LIEU 0.800 21 XXX 23 0 23 (2) (2) XXX L STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY SCHEDULE D - PART 4 Show All Long-Term Bonds and Stock Sold, Redeemed or Otherwise Disposed of During the Current Quarter 1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21 22
11 12 13 14 15 F NAIC o Desig- r Current Year’s Book/ Bond nation e Prior Year Unrealized Other Than Total Foreign Adjusted Foreign Interest/Stock Stated or CUSIP i Number of Book/Adjusted Valuation Current Year’s Temporary Total Change in Exchange Carrying Value Exchange Gain Realized Gain Total Gain Dividends Contractual Market Identi- g Disposal Shares of Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at (Loss) on (Loss) on (Loss) on Received Maturity Indicator fication Description n Date Name of Purchaser Stock Consideration Par Value Actual Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Disposal Date Disposal Disposal Disposal During Year Date (a) 20825C-10-4 CONOCOPHILLIPS 06/10/2015 VARIOUS 6,020.000 387,201 XXX 338,176 409,526 (76,825) (76,825) 338,176 49,025 49,025 8,191 XXX L 229899-10-9 CULLEN/FROST BANKERS INC 06/10/2015 VARIOUS 2,260.000 174,297 XXX 134,773 146,225 (24,503) (24,503) 134,773 39,523 39,523 2,166 XXX L 231021-10-6 CUMMINS INC 06/10/2015 VARIOUS 800.000 110,044 XXX 113,794 0 113,794 (3,750) (3,750) 530 XXX L 23311P-10-0 DCP MIDSTREAM PARTNERS LP 05/28/2015 BARCLAYS AMERICAN 102.000 3,884 XXX 3,801 0 3,801 84 84 80 XXX L 233331-10-7 DTE ENERGY COMPANY 06/10/2015 VARIOUS 1,410.000 109,099 XXX 106,262 121,782 (15,520) (15,520) 106,262 2,837 2,837 1,946 XXX L 254423-10-6 DINEEQUITY INC 05/06/2015 GOLDMAN SACHS 458.000 43,645 XXX 33,107 47,467 (14,360) (14,360) 33,107 10,538 10,538 802 XXX L 25960R-10-5 DOUGLAS DYNAMICS INC 05/06/2015 GOLDMAN SACHS 2,857.000 61,284 XXX 39,758 61,226 (21,467) (21,467) 39,758 21,526 21,526 636 XXX L DR PEPPER SNAPPLE GROUP 26138E-10-9 INC 06/10/2015 VARIOUS 3,180.000 236,096 XXX 249,122 0 249,122 (13,026) (13,026) 1,502 XXX L 263534-10-9 DU PONT (E.I.) DE NEMOURS 05/07/2015 JEFFERIES & CO 400.000 29,325 XXX 20,698 29,576 (8,878) (8,878) 20,698 8,627 8,627 188 XXX L 265504-10-0 DUNKIN BRANDS GROUP INC 06/10/2015 VARIOUS 6,000.000 315,392 XXX 235,007 251,635 (21,377) (21,377) 235,007 80,385 80,385 2,637 XXX L 281020-10-7 EDISON INTERNATIONAL 06/10/2015 VARIOUS 4,590.000 265,062 XXX 222,177 300,553 (78,376) (78,376) 222,177 42,885 42,885 3,833 XXX L 291011-10-4 EMERSON ELECTRIC CO 06/10/2015 VARIOUS 3,480.000 205,323 XXX 223,776 211,117 9,351 26,738 (17,387) 197,038 8,286 8,286 2,435 XXX L 29273V-10-0 ENERGY TRANSFER EQUITY LP 05/28/2015 BARCLAYS AMERICAN 480.000 32,793 XXX 30,259 0 30,259 2,534 2,534 235 XXX L ENLINK MIDSTREAM PARTNERS 29336U-10-7 LP 05/28/2015 BARCLAYS AMERICAN 92.000 2,282 XXX 2,474 0 2,474 (192) (192) 35 XXX L 311900-10-4 FASTENAL CO 06/10/2015 VARIOUS 3,070.000 129,346 XXX 142,325 143,156 (3,264) 15,120 (18,384) 127,205 2,141 2,141 1,702 XXX L FIDELITY NATIONAL INFO 31620M-10-6 SERV 06/10/2015 DEUTSCHE BANK 4,140.000 258,807 XXX 198,916 189,710 (62,460) (62,460) 198,916 59,891 59,891 1,009 XXX L 31620R-30-3 FNF GROUP 05/06/2015 GOLDMAN SACHS 1,662.000 59,758 XXX 26,727 57,256 (30,529) (30,529) 26,727 33,031 33,031 316 XXX L FIRST NIAGARA FINANCIAL 33582V-10-8 GRP 06/15/2015 GOLDMAN SACHS 5,180.000 46,867 XXX 42,135 43,667 (1,533) (1,533) 42,135 4,733 4,733 829 XXX L 363576-10-9 ARTHUR J GALLAGHER & CO 05/07/2015 JEFFERIES & CO 430.000 20,521 XXX 15,561 20,244 (4,683) (4,683) 15,561 4,960 4,960 159 XXX L 364760-10-8 GAP INC/THE 05/14/2015 JEFFERIES & CO 2,573.000 99,056 XXX 97,771 108,349 (10,578) (10,578) 97,771 1,285 1,285 1,158 XXX L
E 369604-10-3 GENERAL ELECTRIC CO 04/10/2015 SANFORD C. BERNSTEIN & CO 3,828.000 106,730 XXX 99,633 96,734 2,899 2,899 99,633 7,097 7,097 1,761 XXX L
0 370334-10-4 GENERAL MILLS INC 05/06/2015 SANFORD C. BERNSTEIN & CO 178.000 9,847 XXX 6,940 9,493 (2,553) (2,553) 6,940 2,907 2,907 151 XXX L 372460-10-5 GENUINE PARTS CO 06/10/2015 VARIOUS 1,800.000 164,834 XXX 132,126 188,629 (59,380) (59,380) 132,126 32,708 32,708 2,106 XXX L 5 376546-10-7 GLADSTONE INVESTMENT CORP 05/11/2015 VARIOUS 26,226.000 197,241 XXX 195,840 183,582 12,258 12,258 195,840 1,401 1,401 6,360 XXX L .
5 401617-10-5 GUESS? INC 06/15/2015 VARIOUS 8,702.000 164,932 XXX 245,117 171,517 73,600 83,347 (9,747) 161,770 3,162 3,162 3,916 XXX L 413875-10-5 HARRIS CORP 05/06/2015 GOLDMAN SACHS 392.000 30,736 XXX 30,783 0 30,783 (47) (47) 184 XXX L HARTFORD FINANCIAL SVCS 416515-10-4 GRP 06/10/2015 VARIOUS 6,680.000 279,941 XXX 169,905 273,903 (108,612) (108,612) 169,905 110,036 110,036 2,365 XXX L 41902R-10-3 HATTERAS FINANCIAL CORP 05/06/2015 GOLDMAN SACHS 3,382.000 59,988 XXX 67,287 62,330 4,957 4,957 67,287 (7,299) (7,299) 3,382 XXX L 427866-10-8 HERSHEY CO/THE 06/10/2015 VARIOUS 2,490.000 227,866 XXX 218,369 254,629 (40,251) (40,251) 218,369 9,497 9,497 2,472 XXX L 431571-10-8 HILLENBRAND INC 05/06/2015 GOLDMAN SACHS 1,189.000 34,313 XXX 23,449 41,021 (17,571) (17,571) 23,449 10,864 10,864 238 XXX L 437076-10-2 HOME DEPOT INC 06/10/2015 VARIOUS 4,750.000 526,548 XXX 285,503 491,260 (213,778) (213,778) 285,503 241,045 241,045 5,233 XXX L HONEYWELL INTERNATIONAL 438516-10-6 INC 06/10/2015 VARIOUS 3,760.000 391,182 XXX 268,175 342,726 (107,448) (107,448) 268,175 123,007 123,007 3,436 XXX L HORIZON TECHNOLOGY 44045A-10-2 FINANCE C 04/30/2015 VARIOUS 9,375.000 131,810 XXX 153,750 131,156 22,594 22,594 153,750 (21,940) (21,940) 5,491 XXX L 44107P-10-4 HOST HOTELS & RESORTS INC 05/06/2015 GOLDMAN SACHS 1,864.000 36,059 XXX 44,211 44,307 (96) (96) 44,211 (8,153) (8,153) 857 XXX L INTL BUSINESS MACHINES 459200-10-1 CORP 05/04/2015 SANFORD C. BERNSTEIN & CO 205.000 36,012 XXX 32,933 32,890 42 42 32,933 3,080 3,080 226 XXX L 478160-10-4 JOHNSON & JOHNSON 05/07/2015 VARIOUS 1,900.000 189,146 XXX 127,926 198,683 (70,757) (70,757) 127,926 61,220 61,220 1,330 XXX L 482480-10-0 KLA-TENCOR CORP 06/10/2015 VARIOUS 3,660.000 206,783 XXX 175,024 257,371 (82,348) (82,348) 175,024 31,759 31,759 3,420 XXX L 48668E-10-1 KCAP FINANCIAL INC 06/24/2015 VARIOUS 36,910.000 223,126 XXX 316,791 251,726 65,064 62,552 2,512 254,238 (31,112) (31,112) 16,979 XXX L 49456B-10-1 KINDER MORGAN INC 06/10/2015 VARIOUS 5,638.000 236,108 XXX 194,232 236,428 (44,179) (44,179) 194,232 41,876 41,876 5,221 XXX L 50076Q-10-6 KRAFT FOODS GROUP INC 06/10/2015 VARIOUS 780.000 65,796 XXX 44,744 47,622 (4,104) (4,104) 44,744 21,052 21,052 847 XXX L 501797-10-4 L BRANDS INC 06/10/2015 VARIOUS 3,070.000 261,751 XXX 161,466 261,381 (104,453) (104,453) 161,466 100,284 100,284 8,890 XXX L 544147-10-1 LORILLARD INC 06/10/2015 VARIOUS 1,590.000 113,900 XXX 74,907 97,557 (25,317) (25,317) 74,907 38,993 38,993 1,914 XXX L 55261F-10-4 M & T BANK CORP 06/10/2015 VARIOUS 1,520.000 190,835 XXX 122,134 190,942 (68,808) (68,808) 122,134 68,701 68,701 1,981 XXX L 55336V-10-0 MPLX LP 05/28/2015 BARCLAYS AMERICAN 64.000 4,623 XXX 4,895 0 4,895 (272) (272) 26 XXX L MACQUARIE INFRASTRUCTURE 55608B-10-5 COR 05/06/2015 GOLDMAN SACHS 932.000 77,862 XXX 29,648 66,256 (36,608) (36,608) 29,648 48,213 48,213 951 XXX L MAGELLAN MIDSTREAM 559080-10-6 PARTNERS 05/28/2015 BARCLAYS AMERICAN 279.000 22,529 XXX 22,114 0 22,114 415 415 200 XXX L 56585A-10-2 MARATHON PETROLEUM CORP 06/10/2015 VARIOUS 1,950.000 198,692 XXX 139,627 173,299 (36,558) (36,558) 139,627 59,064 59,064 1,805 XXX L 57772K-10-1 MAXIM INTEGRATED PRODUCTS 05/06/2015 VARIOUS 5,797.000 190,584 XXX 170,049 184,750 (14,701) (14,701) 170,049 20,535 20,535 1,623 XXX L 580645-10-9 MCGRAW HILL FINANCIAL INC 06/10/2015 VARIOUS 1,620.000 168,116 XXX 91,574 141,478 (53,028) (53,028) 91,574 76,542 76,542 908 XXX L 583928-10-6 MEDALLION FINANCIAL CORP 05/05/2015 VARIOUS 5,000.000 52,907 XXX 53,304 48,698 4,606 7,004 (2,398) 46,300 6,607 6,607 1,200 XXX L 58503F-10-6 MEDLEY CAPITAL CORP 06/10/2015 VARIOUS 22,982.000 212,163 XXX 299,618 212,354 87,264 89,333 (2,069) 210,285 1,878 1,878 13,789 XXX L 58933Y-10-5 MERCK & CO. INC. 05/07/2015 JEFFERIES & CO 1,140.000 68,724 XXX 40,983 64,741 (23,758) (23,758) 40,983 27,741 27,741 1,026 XXX L 59156R-10-8 METLIFE INC 06/17/2015 VARIOUS 9,184.000 507,884 XXX 378,046 492,435 (118,479) (118,479) 378,046 129,839 129,839 6,197 XXX L 594918-10-4 MICROSOFT CORP 06/10/2015 VARIOUS 9,361.000 441,294 XXX 286,192 429,709 (148,047) (148,047) 286,192 155,102 155,102 4,731 XXX L MOLSON COORS BREWING CO - 60871R-20-9 B 05/06/2015 GOLDMAN SACHS 826.000 60,551 XXX 41,313 61,554 (20,240) (20,240) 41,313 19,237 19,237 339 XXX L MONDELEZ INTERNATIONAL 609207-10-5 INC-A 06/10/2015 VARIOUS 3,830.000 153,792 XXX 120,264 136,582 (18,732) (18,732) 120,264 33,528 33,528 1,139 XXX L STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY SCHEDULE D - PART 4 Show All Long-Term Bonds and Stock Sold, Redeemed or Otherwise Disposed of During the Current Quarter 1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21 22
11 12 13 14 15 F NAIC o Desig- r Current Year’s Book/ Bond nation e Prior Year Unrealized Other Than Total Foreign Adjusted Foreign Interest/Stock Stated or CUSIP i Number of Book/Adjusted Valuation Current Year’s Temporary Total Change in Exchange Carrying Value Exchange Gain Realized Gain Total Gain Dividends Contractual Market Identi- g Disposal Shares of Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at (Loss) on (Loss) on (Loss) on Received Maturity Indicator fication Description n Date Name of Purchaser Stock Consideration Par Value Actual Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Disposal Date Disposal Disposal Disposal During Year Date (a) 647551-10-0 NEW MOUNTAIN FINANCE CORP 05/07/2015 VARIOUS 5,245.000 77,716 XXX 75,266 78,360 (3,095) (3,095) 75,266 2,450 2,450 1,783 XXX L 65339F-10-1 NEXTERA ENERGY INC 05/07/2015 JEFFERIES & CO 360.000 36,210 XXX 20,107 38,264 (18,158) (18,158) 20,107 16,103 16,103 277 XXX L 65473P-10-5 NISOURCE INC 06/10/2015 VARIOUS 3,390.000 153,413 XXX 99,116 141,259 (44,610) (44,610) 99,116 54,297 54,297 1,747 XXX L 655844-10-8 NORFOLK SOUTHERN CORP 06/10/2015 VARIOUS 1,970.000 181,045 XXX 180,141 212,643 (35,755) (35,755) 180,141 905 905 2,307 XXX L 665859-10-4 NORTHERN TRUST CORP 06/10/2015 VARIOUS 3,640.000 279,961 XXX 185,150 241,292 (60,375) (60,375) 185,150 94,812 94,812 2,363 XXX L 67103B-10-0 OFS CAPITAL CORP 06/16/2015 STIFEL NICOLAUS & CO 6,667.000 80,396 XXX 100,005 78,537 21,468 21,468 100,005 (19,609) (19,609) 4,534 XXX L 674599-10-5 OCCIDENTAL PETROLEUM CORP 05/07/2015 VARIOUS 1,710.000 135,706 XXX 140,867 137,843 3,024 3,024 140,867 (5,161) (5,161) 2,462 XXX L 681919-10-6 OMNICOM GROUP 06/10/2015 VARIOUS 3,306.000 244,336 XXX 218,102 252,242 (37,978) (37,978) 218,102 26,234 26,234 3,256 XXX L 68268N-10-3 ONEOK PARTNERS LP 05/28/2015 BARCLAYS AMERICAN 280.000 11,032 XXX 11,746 0 11,746 (714) (714) 221 XXX L 690732-10-2 OWENS & MINOR INC 05/06/2015 GOLDMAN SACHS 1,484.000 49,337 XXX 44,040 52,103 (8,063) (8,063) 44,040 5,296 5,296 375 XXX L PNC FINANCIAL SERVICES 693475-10-5 GROUP 05/07/2015 JEFFERIES & CO 720.000 66,494 XXX 45,719 65,686 (19,966) (19,966) 45,719 20,775 20,775 713 XXX L 693506-10-7 PPG INDUSTRIES INC 06/10/2015 VARIOUS 830.000 191,678 XXX 127,735 189,543 (64,079) (64,079) 127,735 63,943 63,943 1,147 XXX L 693718-10-8 PACCAR INC 06/10/2015 VARIOUS 4,960.000 322,918 XXX 284,845 331,889 (51,958) (51,958) 284,845 38,073 38,073 6,908 XXX L 695156-10-9 PACKAGING CORP OF AMERICA 05/06/2015 GOLDMAN SACHS 422.000 29,094 XXX 29,616 0 29,616 (521) (521) XXX L 695263-10-3 PACWEST BANCORP 05/06/2015 GOLDMAN SACHS 1,304.000 59,306 XXX 57,196 59,280 (2,084) (2,084) 57,196 2,110 2,110 652 XXX L 703395-10-3 PATTERSON COS INC 05/06/2015 GOLDMAN SACHS 888.000 40,408 XXX 36,313 42,713 (6,400) (6,400) 36,313 4,095 4,095 373 XXX L 712704-10-5 PEOPLES UNITED FINANCIAL 05/06/2015 GOLDMAN SACHS 3,826.000 57,679 XXX 48,441 58,079 (9,637) (9,637) 48,441 9,237 9,237 1,272 XXX L 713448-10-8 PEPSICO INC 05/06/2015 SANFORD C. BERNSTEIN & CO 105.000 10,033 XXX 6,881 9,929 (3,048) (3,048) 6,881 3,152 3,152 138 XXX L 717081-10-3 PFIZER INC 06/10/2015 VARIOUS 21,215.000 725,620 XXX 439,723 652,748 (221,857) (221,857) 439,723 285,897 285,897 10,998 XXX L PHILIP MORRIS 718172-10-9 INTERNATIONAL 06/10/2015 VARIOUS 3,606.000 298,103 XXX 306,638 235,879 12,221 12,221 306,638 (8,535) (8,535) 5,832 XXX L 718549-20-7 PHILLIPS 66 PARTNERS LP 05/28/2015 BARCLAYS AMERICAN 71.000 5,060 XXX 5,030 0 5,030 30 30 26 XXX L PLAINS ALL AMER PIPELINE
E 726503-10-5 LP 05/28/2015 BARCLAYS AMERICAN 493.000 23,190 XXX 23,418 0 23,418 (227) (227) 338 XXX L
0 74005P-10-4 PRAXAIR INC 06/10/2015 VARIOUS 680.000 83,366 XXX 82,690 0 82,690 676 676 400 XXX L 74144T-10-8 T ROWE PRICE GROUP INC 06/10/2015 VARIOUS 4,650.000 367,741 XXX 311,083 342,581 (84,041) (84,041) 311,083 56,658 56,658 11,718 XXX L 5 742718-10-9 PROCTER & GAMBLE CO/THE 05/07/2015 JEFFERIES & CO 520.000 41,695 XXX 39,391 47,367 (7,976) (7,976) 39,391 2,305 2,305 679 XXX L .
6 743315-10-3 PROGRESSIVE CORP 06/10/2015 VARIOUS 4,260.000 116,979 XXX 106,477 114,977 (8,500) (8,500) 106,477 10,502 10,502 2,923 XXX L 744320-10-2 PRUDENTIAL FINANCIAL INC 05/07/2015 JEFFERIES & CO 450.000 38,319 XXX 27,582 40,707 (13,125) (13,125) 27,582 10,737 10,737 261 XXX L 747525-10-3 QUALCOMM INC 06/10/2015 VARIOUS 3,294.000 222,656 XXX 223,692 241,127 (20,868) (20,868) 223,692 (1,036) (1,036) 2,586 XXX L 74834L-10-0 QUEST DIAGNOSTICS INC 05/06/2015 GOLDMAN SACHS 682.000 47,708 XXX 44,102 45,735 (1,633) (1,633) 44,102 3,605 3,605 484 XXX L 760759-10-0 REPUBLIC SERVICES INC 05/06/2015 GOLDMAN SACHS 1,214.000 47,614 XXX 36,618 48,864 (12,246) (12,246) 36,618 10,996 10,996 680 XXX L 808194-10-4 SCHULMAN (A.) INC 05/21/2015 VARIOUS 10,961.000 477,784 XXX 274,068 444,249 (170,181) (170,181) 274,068 203,716 203,716 4,494 XXX L SCHWEITZER-MAUDUIT INTL 808541-10-6 INC 06/15/2015 GOLDMAN SACHS 1,560.000 67,189 XXX 50,985 65,988 (15,003) (15,003) 50,985 16,204 16,204 671 XXX L SCOTTS MIRACLE-GRO CO-CL 810186-10-6 A 05/06/2015 VARIOUS 1,604.000 105,250 XXX 87,145 99,961 (12,817) (12,817) 87,145 18,106 18,106 722 XXX L 816851-10-9 SEMPRA ENERGY 06/10/2015 VARIOUS 1,830.000 191,814 XXX 122,371 203,789 (81,418) (81,418) 122,371 69,443 69,443 2,489 XXX L SENSIENT TECHNOLOGIES 81725T-10-0 CORP 05/06/2015 VARIOUS 915.000 60,189 XXX 34,180 55,211 (21,031) (21,031) 34,180 26,009 26,009 458 XXX L 828806-10-9 SIMON PROPERTY GROUP INC 06/10/2015 VARIOUS 1,690.000 299,429 XXX 280,320 229,459 (34,724) (34,724) 280,320 19,109 19,109 4,544 XXX L SIMPSON MANUFACTURING CO 829073-10-5 INC 05/28/2015 VARIOUS 12,331.000 419,149 XXX 390,388 426,653 (36,264) (36,264) 390,388 28,760 28,760 3,453 XXX L 832696-40-5 JM SMUCKER CO/THE 06/04/2015 VARIOUS 380.000 43,886 XXX 39,177 37,363 706 706 39,177 4,709 4,709 429 XXX L 833034-10-1 SNAP-ON INC 06/10/2015 VARIOUS 590.000 91,423 XXX 40,583 80,677 (40,094) (40,094) 40,583 50,840 50,840 488 XXX L 83413U-10-0 SOLAR CAPITAL LTD 06/29/2015 STIFEL NICOLAUS & CO 5,536.000 99,715 XXX 123,604 99,703 23,901 23,901 123,604 (23,889) (23,889) 4,429 XXX L 83416M-10-5 SOLAR SENIOR CAPITAL LTD 05/07/2015 WELLS FARGO SECURITIES LLC 2,500.000 38,249 XXX 39,906 37,425 2,481 2,481 39,906 (1,658) (1,658) 1,469 XXX L 847560-10-9 SPECTRA ENERGY CORP 05/06/2015 VARIOUS 2,042.000 76,120 XXX 55,132 74,125 (18,993) (18,993) 55,132 20,988 20,988 756 XXX L SPECTRA ENERGY PARTNERS 84756N-10-9 LP 05/28/2015 BARCLAYS AMERICAN 289.000 14,687 XXX 14,658 0 14,658 29 29 174 XXX L STELLUS CAPITAL 858568-10-8 INVESTMENT C 06/08/2015 VARIOUS 13,334.000 160,448 XXX 200,010 157,075 42,935 39,069 3,866 160,941 (494) (494) 9,064 XXX L STONECASTLE FINANCIAL 861780-10-4 CORP 04/17/2015 VARIOUS 15,484.000 270,802 XXX 388,218 301,473 86,744 110,048 (23,304) 278,170 (7,368) (7,368) 15,484 XXX L 87233Q-10-8 TC PIPELINES LP 05/28/2015 BARCLAYS AMERICAN 44.000 2,877 XXX 2,770 0 2,770 106 106 37 XXX L 87238Q-10-3 TCP CAPITAL CORP 05/07/2015 WELLS FARGO SECURITIES LLC 3,500.000 55,282 XXX 53,353 58,730 (5,377) (5,377) 53,353 1,930 1,930 1,260 XXX L 88076W-10-3 TERADATA CORP 05/06/2015 GOLDMAN SACHS 1,128.000 50,078 XXX 48,268 0 48,268 1,810 1,810 XXX L 882508-10-4 TEXAS INSTRUMENTS INC 06/10/2015 DEUTSCHE BANK 6,930.000 375,426 XXX 279,929 289,780 (96,009) (96,009) 279,929 95,497 95,497 4,199 XXX L 88579Y-10-1 3M CO 05/07/2015 JEFFERIES & CO 240.000 38,062 XXX 19,793 39,437 (19,644) (19,644) 19,793 18,269 18,269 246 XXX L 886547-10-8 TIFFANY & CO 06/10/2015 DEUTSCHE BANK 2,790.000 259,730 XXX 224,005 259,670 (66,287) (66,287) 224,005 35,726 35,726 1,862 XXX L 887317-30-3 TIME WARNER INC 06/10/2015 VARIOUS 5,200.000 443,342 XXX 278,108 437,350 (165,965) (165,965) 278,108 165,235 165,235 3,294 XXX L 88732J-20-7 TIME WARNER CABLE 06/10/2015 VARIOUS 2,011.000 355,737 XXX 168,754 304,272 (137,079) (137,079) 168,754 186,983 186,983 3,009 XXX L 89417E-10-9 TRAVELERS COS INC/THE 06/10/2015 VARIOUS 4,330.000 431,145 XXX 293,497 450,921 (165,037) (165,037) 293,497 137,647 137,647 4,667 XXX L 896047-50-3 TRIBUNE MEDIA CO - A 05/06/2015 GOLDMAN SACHS 685.000 38,349 XXX 45,371 0 45,371 (7,022) (7,022) 4,610 XXX L 899896-10-4 TUPPERWARE BRANDS CORP 05/06/2015 GOLDMAN SACHS 839.000 54,849 XXX 61,957 52,857 9,100 9,100 61,957 (7,108) (7,108) 1,141 XXX L 902788-10-8 UMB FINANCIAL CORP 05/26/2015 VARIOUS 6,010.000 314,545 XXX 299,967 341,909 (41,942) (41,942) 299,967 14,578 14,578 2,825 XXX L 902973-30-4 US BANCORP 05/07/2015 JEFFERIES & CO 720.000 31,021 XXX 17,827 32,364 (14,537) (14,537) 17,827 13,193 13,193 353 XXX L STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY SCHEDULE D - PART 4 Show All Long-Term Bonds and Stock Sold, Redeemed or Otherwise Disposed of During the Current Quarter 1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21 22
11 12 13 14 15 F NAIC o Desig- r Current Year’s Book/ Bond nation e Prior Year Unrealized Other Than Total Foreign Adjusted Foreign Interest/Stock Stated or CUSIP i Number of Book/Adjusted Valuation Current Year’s Temporary Total Change in Exchange Carrying Value Exchange Gain Realized Gain Total Gain Dividends Contractual Market Identi- g Disposal Shares of Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at (Loss) on (Loss) on (Loss) on Received Maturity Indicator fication Description n Date Name of Purchaser Stock Consideration Par Value Actual Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Disposal Date Disposal Disposal Disposal During Year Date (a) 907818-10-8 UNION PACIFIC CORP 06/10/2015 DEUTSCHE BANK 2,060.000 205,286 XXX 194,323 110,791 (39,918) (39,918) 194,323 10,962 10,962 2,440 XXX L UNITED PARCEL SERVICE-CL 911312-10-6 B 06/10/2015 VARIOUS 2,497.000 250,645 XXX 203,220 277,591 (74,372) (74,372) 203,220 47,425 47,425 2,845 XXX L 913017-10-9 UNITED TECHNOLOGIES CORP 06/10/2015 DEUTSCHE BANK 4,140.000 486,379 XXX 389,371 441,600 (86,962) (86,962) 389,371 97,008 97,008 5,107 XXX L 918204-10-8 VF CORP 06/10/2015 VARIOUS 2,070.000 145,210 XXX 79,342 152,047 (75,624) (75,624) 79,342 65,868 65,868 1,216 XXX L VERIZON COMMUNICATIONS 92343V-10-4 INC 05/07/2015 VARIOUS 2,048.000 102,643 XXX 84,594 95,805 (11,211) (11,211) 84,594 18,049 18,049 2,253 XXX L 929236-10-7 WD-40 CO 05/06/2015 GOLDMAN SACHS 697.000 57,096 XXX 30,830 59,301 (28,471) (28,471) 30,830 26,266 26,266 530 XXX L 949746-10-1 WELLS FARGO & CO 05/07/2015 VARIOUS 3,440.000 188,930 XXX 113,697 144,725 (72,917) (72,917) 113,697 75,233 75,233 2,194 XXX L 958254-10-4 WESTERN GAS PARTNERS LP 05/28/2015 BARCLAYS AMERICAN 151.000 10,380 XXX 10,350 0 10,350 30 30 109 XXX L WESTERN GAS EQUITY 95825R-10-3 PARTNERS 05/28/2015 BARCLAYS AMERICAN 256.000 16,077 XXX 15,247 0 15,247 830 830 88 XXX L 96949L-10-5 WILLIAMS PARTNERS LP 05/28/2015 BARCLAYS AMERICAN 562.000 31,488 XXX 28,156 0 28,156 3,332 3,332 478 XXX L 969904-10-1 WILLIAMS-SONOMA INC 06/10/2015 VARIOUS 1,460.000 114,000 XXX 74,590 110,493 (35,903) (35,903) 74,590 39,410 39,410 870 XXX L 97382A-20-0 WINDSTREAM HOLDINGS INC 04/27/2015 VARIOUS 5,581.000 526,370 XXX 519,701 0 519,701 6,669 6,669 2,207 XXX L 98310W-10-8 WYNDHAM WORLDWIDE CORP 06/10/2015 VARIOUS 3,270.000 278,272 XXX 246,956 224,691 (36,329) (36,329) 246,956 31,316 31,316 2,423 XXX L 98389B-10-0 XCEL ENERGY INC 06/10/2015 VARIOUS 5,040.000 163,800 XXX 144,410 177,804 (36,435) (36,435) 144,410 19,389 19,389 3,069 XXX L 983919-10-1 XILINX INC 05/07/2015 JEFFERIES & CO 460.000 19,968 XXX 12,388 19,913 (7,525) (7,525) 12,388 7,580 7,580 133 XXX L 008916-10-8 AGRIUM INC I 05/18/2015 VARIOUS 6,388.000 676,420 XXX 548,039 605,071 (57,032) (57,032) 548,039 128,380 128,380 9,965 XXX L 66987V-10-9 NOVARTIS AG-SPONSORED ADR R 05/06/2015 VARIOUS 920.000 95,092 XXX 50,863 85,247 (34,384) (34,384) 50,863 44,229 44,229 2,453 XXX L UNILEVER PLC-SPONSORED 904767-70-4 ADR R 05/06/2015 VARIOUS 886.000 38,622 XXX 28,354 35,865 (7,511) (7,511) 28,354 10,268 10,268 575 XXX L G1151C-10-1 ACCENTURE PLC-CL A R 06/10/2015 VARIOUS 4,044.000 387,263 XXX 278,703 357,597 (82,364) (82,364) 278,703 108,561 108,561 4,125 XXX L G3157S-10-6 ENSCO PLC-CL A R 06/15/2015 VARIOUS 16,879.000 411,624 XXX 872,895 505,526 367,368 517,254 (149,886) 355,641 55,984 55,984 3,715 XXX L
E G9319H-10-2 VALIDUS HOLDINGS LTD R 06/10/2015 VARIOUS 3,389.000 144,164 XXX 105,028 140,847 (35,818) (35,818) 105,028 39,136 39,136 1,084 XXX L
0 9099999 - Common Stocks - Industrial and Miscellaneous (Unaffiliated) 27,949,607 XXX 23,309,619 25,067,119 (4,777,050) 0 950,465 (5,727,515) 0 22,359,153 0 5,590,447 5,590,447 451,590 XXX XXX
5 9799997 - Subtotals - Common Stocks - Part 4 27,949,607 XXX 23,309,619 25,067,119 (4,777,050) 0 950,465 (5,727,515) 0 22,359,153 0 5,590,447 5,590,447 451,590 XXX XXX .
7 9799999 - Subtotals - Common Stocks 27,949,607 XXX 23,309,619 25,067,119 (4,777,050) 0 950,465 (5,727,515) 0 22,359,153 0 5,590,447 5,590,447 451,590 XXX XXX 9899999 - Subtotals - Preferred and Common Stocks 28,106,070 XXX 23,466,082 25,067,119 (4,777,050) 0 950,465 (5,727,515) 0 22,515,616 0 5,590,447 5,590,447 451,590 XXX XXX
9999999 Totals 166,812,324 XXX 162,675,277 157,755,373 (4,355,750) (303,915) 985,865 (5,645,530) 0 157,638,310 0 9,174,000 9,174,000 4,097,318 XXX XXX (a) For all common stock bearing the NAIC market indicator "U" provide: the number of such issues . STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY
Schedule DB - Part A - Section 1 NONE
Schedule DB - Part B - Section 1 NONE
Schedule DB - Part D - Section 1 NONE
Schedule DB - Part D - Section 2 NONE
Schedule DL - Part 1 NONE
Schedule DL - Part 2 NONE
E06, E07, E08, E09, E10, E11 STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY
SCHEDULE E - PART 1 - CASH Month End Depository Balances 1 2 3 4 5 Book Balance at End of Each 9 Month During Current Quarter Amount of Amount of 6 7 8 Interest Interest Received Accrued at Rate During Current of Current Statement Depository Code Interest Quarter Date First Month Second Month Third Month * Open Depositories FEDERAL HOME LOAN BANK INDIANAPOLIS, IN 69,676 92,546 92,517 XXX KEYBANK - PREM REFUNDS CLEVELAND, OH 1,000 2,500,965 XXX US BANK - OPERATING BIRMINGHAM, AL 4,779,022 8,287,693 13,956,173 XXX US BANK - AP DISB BIRMINGHAM, AL (357,446) (354,707) (260,996) XXX US BANK - CLAIMS DISB BIRMINGHAM, AL (3,374,253) (2,898,307) (2,315,949) XXX US BANK - TRUST CASH BIRMINGHAM, AL 650,508 (615,704) (14,409) XXX US BANK BIRMINGHAM, AL 55,000 55,000 55,000 XXX VOYAGER BANK EDEN PRAIRIE, MN 104,411 104,424 104,436 XXX WELLS FARGO BANK BIRMINGHAM, AL 691,973 169,945 1,582,077 XXX 0199998 Deposits in depositories that do not exceed the allowable limit in any one depository (See Instructions) - Open Depositories XXX XXX XXX 0199999 Total Open Depositories XXX XXX 0 0 2,618,891 4,841,890 15,699,814 XXX
0399999 Total Cash on Deposit XXX XXX 0 0 2,618,891 4,841,890 15,699,814 XXX 0499999 Cash in Company’s Office XXX XXX XXX XXX 0 0 0 XXX 0599999 Total XXX XXX 0 0 2,618,891 4,841,890 15,699,814 XXX
E12 STATEMENT AS OF JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY SCHEDULE E - PART 2 - CASH EQUIVALENTS
Show Investments Owned End of Current Quarter 1 2 3 4 5 6 7 8 Date Rate of Maturity Book/Adjusted Amount of Interest Amount Received Description Code Acquired Interest Date Carrying Value Due & Accrued During Year E 1 3
8699999 Total Cash Equivalents 0 0 0 *38954201545500102* SUPPLEMENT FOR THE QUARTER ENDING JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY
Designate the type of health care providers reported on this page. Physicians SUPPLEMENT “A” TO SCHEDULE T EXHIBIT OF MEDICAL PROFESSIONAL LIABILITY PREMIUMS WRITTEN ALLOCATED BY STATES AND TERRITORIES 1 2 Direct Losses Paid 5 Direct Losses Unpaid 8 Direct Direct 3 4 Direct 6 7 Direct Losses Premiums Premiums Number of Losses Amount Number of Incurred But States, Etc. Written Earned Amount Claims Incurred Reported Claims Not Reported 1. Alabama AL 174,963 128,547 0 0 50,615 300,001 1 340,777 2. Alaska AK 3. Arizona AZ 4. Arkansas AR 5. California CA 2,243,279 1,964,608 (52,318) 0 916,400 4,415,530 53 1,609,098 6. Colorado CO 7. Connecticut CT 8. Delaware DE 4,622,591 5,787,778 2,934,434 4 1,751,383 24,871,321 142 (1,220,076) 9. District of Columbia DC 10. Florida FL 7,400,399 8,045,830 3,105,300 18 (1,844,364) 21,532,426 197 3,063,521 11. Georgia GA 12. Hawaii HI 13. Idaho ID 14. Illinois IL 8,207,922 6,870,673 265,402 1 429,956 52,060,105 201 2,911,532 15. Indiana IN 0 0 0 0 0 569,105 4 (42,100) 16. Iowa IA 1,786,168 1,800,466 (22,539) 1 (1,155,240) 7,859,238 51 388,856 17. Kansas KS 18. Kentucky KY 7,001,646 5,848,085 4,028,775 10 3,476,987 38,714,736 194 168,939 19. Louisiana LA 20. Maine ME 21. Maryland MD 22. Massachusetts MA 8,276 4,100 0 0 1,599 0 0 40,189 23. Michigan MI 16,388,047 14,009,054 7,239,416 31 4,359,051 38,170,361 396 13,392,163 24. Minnesota MN 1,371,652 913,100 20,715 0 450,363 1,359,643 15 446,323 25. Mississippi MS 310,628 415,051 0 0 423,921 1,075,542 20 (424,778) 26. Missouri MO 27. Montana MT 28. Nebraska NE 1,097,478 1,164,385 305,652 1 613,873 5,515,657 45 673,821 29. Nevada NV 5,222,161 5,985,268 957,501 5 2,127,822 16,872,275 161 2,873,986 30. New Hampshire NH 31. New Jersey NJ 1,258,263 763,117 4,478,512 6 354,561 5,325,007 20 (614,428) 32. New Mexico NM 33. New York NY 34. North Carolina NC 35. North Dakota ND 36. Ohio OH 0 0 0 0 100,000 250,000 1 (130,743) 37. Oklahoma OK 38. Oregon OR 39. Pennsylvania PA 31,743 76,450 200,000 1 40,125 1,810,000 5 508,626 40. Rhode Island RI 41. South Carolina SC 42. South Dakota SD 114,935 102,987 0 0 49,667 861,002 10 (103,295) 43. Tennessee TN 44. Texas TX 45. Utah UT 46. Vermont VT 47. Virginia VA 48. Washington WA 49. West Virginia WV 50. Wisconsin WI 9,880,668 7,807,108 149,231 3 (1,627,076) 18,396,884 169 3,574,356 51. Wyoming WY 52. American Samoa AS 53. Guam GU 54. Puerto Rico PR 55. U.S. Virgin Islands VI 56. Northern Mariana Islands MP 57. Canada CAN 58. Aggregate other alien OT 0 0 0 0 0 0 0 0 59. Totals 67,120,819 61,686,607 23,610,079 81 10,519,642 239,958,831 1,685 27,456,768
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455-1 *38954201545500102* SUPPLEMENT FOR THE QUARTER ENDING JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY
Designate the type of health care providers reported on this page. Hospitals SUPPLEMENT “A” TO SCHEDULE T EXHIBIT OF MEDICAL PROFESSIONAL LIABILITY PREMIUMS WRITTEN ALLOCATED BY STATES AND TERRITORIES 1 2 Direct Losses Paid 5 Direct Losses Unpaid 8 Direct Direct 3 4 Direct 6 7 Direct Losses Premiums Premiums Number of Losses Amount Number of Incurred But States, Etc. Written Earned Amount Claims Incurred Reported Claims Not Reported 1. Alabama AL 179,680 106,417 0 0 41,503 0 0 45,223 2. Alaska AK 3. Arizona AZ 4. Arkansas AR 5. California CA 51,359 30,402 0 0 15,328 25,503 3 3,705 6. Colorado CO 7. Connecticut CT 8. Delaware DE 66,850 73,244 0 0 35,740 50,000 1 38,676 9. District of Columbia DC 10. Florida FL 11. Georgia GA 12. Hawaii HI 13. Idaho ID 14. Illinois IL 861,192 1,129,805 2,154 0 497,317 3,699,924 26 804,856 15. Indiana IN 16. Iowa IA 439,117 526,439 1,296,804 1 241,083 798,167 14 1,870,440 17. Kansas KS 0 0 0 0 0 3,000 1 4,100 18. Kentucky KY 115,649 210,395 797,500 2 99,273 661,003 5 2,103,891 19. Louisiana LA 20. Maine ME 21. Maryland MD 22. Massachusetts MA 23. Michigan MI 719,990 674,422 927,009 2 324,922 946,160 19 3,218,007 24. Minnesota MN 230,175 183,796 857 0 103,266 1,412,150 13 (346,566) 25. Mississippi MS 26. Missouri MO 27. Montana MT 28. Nebraska NE 54,380 36,461 0 0 18,100 35,000 2 18,780 29. Nevada NV 6,142 12,004 0 0 6,091 0 0 14,716 30. New Hampshire NH 31. New Jersey NJ 32. New Mexico NM 33. New York NY 34. North Carolina NC 35. North Dakota ND 36. Ohio OH 37. Oklahoma OK 38. Oregon OR 39. Pennsylvania PA 40. Rhode Island RI 41. South Carolina SC 42. South Dakota SD 9,500 33,524 0 0 15,487 428,001 4 (14,164) 43. Tennessee TN 44. Texas TX 45. Utah UT 46. Vermont VT 47. Virginia VA 48. Washington WA 49. West Virginia WV 50. Wisconsin WI 954,414 1,436,492 950,176 7 738,776 2,722,851 71 2,074,204 51. Wyoming WY 52. American Samoa AS 53. Guam GU 54. Puerto Rico PR 55. U.S. Virgin Islands VI 56. Northern Mariana Islands MP 57. Canada CAN 58. Aggregate other alien OT 0 0 0 0 0 0 0 0 59. Totals 3,688,448 4,453,401 3,974,500 12 2,136,887 10,781,758 159 9,835,869
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455-2 *38954201545500102* SUPPLEMENT FOR THE QUARTER ENDING JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY
Designate the type of health care providers reported on this page. Other Health Care Professionals SUPPLEMENT “A” TO SCHEDULE T EXHIBIT OF MEDICAL PROFESSIONAL LIABILITY PREMIUMS WRITTEN ALLOCATED BY STATES AND TERRITORIES 1 2 Direct Losses Paid 5 Direct Losses Unpaid 8 Direct Direct 3 4 Direct 6 7 Direct Losses Premiums Premiums Number of Losses Amount Number of Incurred But States, Etc. Written Earned Amount Claims Incurred Reported Claims Not Reported 1. Alabama AL 41,340 36,697 0 0 14,312 0 0 39,462 2. Alaska AK 3. Arizona AZ 4. Arkansas AR 5. California CA 110,992 189,833 0 0 474,131 930,002 8 (345,139) 6. Colorado CO 7. Connecticut CT 8. Delaware DE 194,260 139,897 6,659 0 78,416 58,454 3 81,211 9. District of Columbia DC 10. Florida FL 202,596 198,390 1,208 0 83,316 6,002 2 210,908 11. Georgia GA 12. Hawaii HI 13. Idaho ID 14. Illinois IL 566,522 659,190 68,790 2 326,351 1,530,304 46 (37,126) 15. Indiana IN 16. Iowa IA 99,391 106,530 740 0 57,783 675,000 4 231,824 17. Kansas KS 18. Kentucky KY 140,985 137,194 0 0 81,073 29,001 1 144,524 19. Louisiana LA 20. Maine ME 21. Maryland MD 22. Massachusetts MA 13,803 10,111 0 0 3,943 0 0 15,483 23. Michigan MI 916,670 905,921 107,639 3 364,896 1,575,872 37 551,677 24. Minnesota MN 77,321 53,777 0 0 29,437 0 0 37,447 25. Mississippi MS 3,228 2,308 0 0 1,165 0 0 2,215 26. Missouri MO 27. Montana MT 28. Nebraska NE 41,036 40,892 56 0 21,002 30,001 2 33,075 29. Nevada NV 488,672 671,442 133,516 5 309,283 2,802,100 32 551,603 30. New Hampshire NH 31. New Jersey NJ 32. New Mexico NM 33. New York NY 34. North Carolina NC 35. North Dakota ND 36. Ohio OH 37. Oklahoma OK 38. Oregon OR 39. Pennsylvania PA 105,186 68,821 0 0 33,933 64,002 5 11,666 40. Rhode Island RI 41. South Carolina SC 42. South Dakota SD 39,084 19,762 0 0 9,504 0 0 25,824 43. Tennessee TN 44. Texas TX 45. Utah UT 46. Vermont VT 47. Virginia VA 48. Washington WA 49. West Virginia WV 50. Wisconsin WI 503,535 538,060 36,213 2 207,237 732,865 23 765,477 51. Wyoming WY 52. American Samoa AS 53. Guam GU 54. Puerto Rico PR 55. U.S. Virgin Islands VI 56. Northern Mariana Islands MP 57. Canada CAN 58. Aggregate other alien OT 0 0 0 0 0 0 0 0 59. Totals 3,544,621 3,778,826 354,820 12 2,095,780 8,433,604 163 2,320,129
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455-3 *38954201545500102* SUPPLEMENT FOR THE QUARTER ENDING JUNE 30, 2015 OF THE PROASSURANCE CASUALTY COMPANY
Designate the type of health care providers reported on this page. Other Health Care Facilities SUPPLEMENT “A” TO SCHEDULE T EXHIBIT OF MEDICAL PROFESSIONAL LIABILITY PREMIUMS WRITTEN ALLOCATED BY STATES AND TERRITORIES 1 2 Direct Losses Paid 5 Direct Losses Unpaid 8 Direct Direct 3 4 Direct 6 7 Direct Losses Premiums Premiums Number of Losses Amount Number of Incurred But States, Etc. Written Earned Amount Claims Incurred Reported Claims Not Reported 1. Alabama AL 75,107 89,853 0 0 35,043 50,000 1 52,843 2. Alaska AK 3. Arizona AZ 4. Arkansas AR 5. California CA 923,317 613,579 141,875 3 239,296 2,408,001 12 (1,172,022) 6. Colorado CO 7. Connecticut CT 8. Delaware DE 9. District of Columbia DC 10. Florida FL 11. Georgia GA 12. Hawaii HI 13. Idaho ID 14. Illinois IL 15. Indiana IN 16. Iowa IA 17. Kansas KS 18. Kentucky KY 19. Louisiana LA 20. Maine ME 21. Maryland MD 22. Massachusetts MA 2,626 1,024 4,894 23. Michigan MI 24. Minnesota MN 25. Mississippi MS 26. Missouri MO 27. Montana MT 28. Nebraska NE 29. Nevada NV 30. New Hampshire NH 31. New Jersey NJ 32. New Mexico NM 33. New York NY 34. North Carolina NC 35. North Dakota ND 36. Ohio OH 37. Oklahoma OK 38. Oregon OR 39. Pennsylvania PA 40. Rhode Island RI 41. South Carolina SC 42. South Dakota SD 43. Tennessee TN 44. Texas TX 45. Utah UT 46. Vermont VT 47. Virginia VA 48. Washington WA 49. West Virginia WV 50. Wisconsin WI 51. Wyoming WY 52. American Samoa AS 53. Guam GU 54. Puerto Rico PR 55. U.S. Virgin Islands VI 56. Northern Mariana Islands MP 57. Canada CAN 58. Aggregate other alien OT 0 0 0 0 0 0 0 0 59. Totals 998,424 706,058 141,875 3 275,362 2,458,001 13 (1,114,286)
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