Edward L. Rand, Jr. is President and Chief Executive Officer of Proassurance Corp (PRA). The company reported total compensation of $6,226,834 for fiscal year 2024.
| Salary | $1,029,231 |
|---|---|
| Bonus | $0 |
| Stock awards | $2,593,355 |
| Option awards | $0 |
| Non-equity incentive plan | $2,496,000 |
| Pension and non-qualified deferred compensation | $0 |
| All other compensation | $108,248 |
| Total | $6,226,834 |
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed, without adjustment.
Cited to the compensation disclosure Proassurance Corp filed April 11, 2025, accession 0001875246-25-000023.
| Fiscal year | Role | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|---|
| FY2024 | President and Chief Executive Officer | $1,029,231 | $0 | $2,593,355 | $0 | $2,496,000 | $0 | $108,248 | $6,226,834 |
| FY2023 | Chief Executive Officer and President | $1,000,000 | $0 | $2,200,000 | $0 | $420,000 | $0 | $105,832 | $3,725,832 |
Totals as disclosed in each year's own compensation disclosure for Proassurance Corp.
| Peer-group chief executive median | $5,318,224 |
|---|---|
| Difference from that median | $908,611 |
| Percentile within the disclosed peer group | 56th |
| Peers with a disclosed figure | 16 |
Medians and percentiles are computed across the peer group Proassurance Corp discloses in its own compensation disclosure.
| Named executive officer | Role | FY2024 total |
|---|---|---|
| Edward L. Rand, Jr. this page | President and Chief Executive Officer | $6,226,834 |
| Robert Francis | President, Medical Professional Liability | $2,415,135 |
| Jeffrey Lisenby | Executive Vice President, Corporate Secretary and General Counsel | $2,087,357 |
| Dana Hendricks | Chief Financial Officer, Treasurer and Executive Vice President | $2,049,595 |
| Kevin Shook | President, Eastern Alliance Insurance Group | $1,790,417 |
The company's named executive officers for fiscal year 2024, and what it reported for each. See the full Proassurance Corp compensation brief.
Edward L. Rand, Jr.'s compensation sits inside Proassurance Corp's full executive and board picture — the peer group, pay against peers, incentive design and the board itself.