Fitch affirms ProAssurance

Fitch Ratings said it affirmed ProAssurance Corp.'s issuer default rating at BBB+.

The outlook is stable.

The action considers the solid financial condition of operating subsidiaries as well as consistent profitability, financial and operating flexibility, and highly experienced management team, according to the agency.

PRA has an established reputation for providing quality service and expertise in risk management in the medical malpractice line as well as a strong track record of aggressively defending non-meritorious claims, the agency noted

Partially offsetting these positives is the potential volatility as a monoline company that operates in one of the industry's most unpredictable lines of business, Fitch said.

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