What does free cash flow mean?

Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.

ProAssurance PRA Free cash flow

Discontinued — last reported Q1 '20

Free cash flow at other companies

CNA FinancialCNA

$380M-38.7%

KemperKMPR

$77.9M-54.8%

Selective Insurance GroupSIGI

$210.51M-22.3%

Skyward Specialty Insurance Group, Inc.SKWD

$50.06M+140%

Axis Capital HoldersAXS

$505.01M+67.3%

Berkshire HathawayBRK.B

——

Other financials

Income statement

See full

Revenue$262.6M-3.5%

Net income$8.5M+245%

EPS (diluted)$0.16+245%

Balance sheet

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Cash & equivalents$14.1M-67.7%

Total debt$433.3M-1.6%

Total equity$1.3B+8.5%

Total assets$5.4B-2.0%

Cash flow

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Operating cash flow-$21.3M-83.7%

Valuation

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Market cap$1.29B+10.3%

Enterprise value$1.71B+9.1%

P/E19.8×-7.9×

P/S1.2×+0.2×

Profitability

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Net margin6%+2.3pp

FCF margin9.9%—

Returns & leverage

See full

Return on equity5.1%+1.5pp

Debt / equity0.3×0.0×

Where this comes from

Calculated from ProAssurance’s reported figures.

−$12.0Mnet cash from operating−$2.8Mcapital expenditures=-$14.8M

The official record: ProAssurance’s 10-Q, filed May 7, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does free cash flow mean?: Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.