Edward L. Rand Jr. received $6.2M in total compensation as Principal Executive Officer of PROASSURANCE CORP in FY2024. The largest component was $2.6M in stock awards. Source: SEC DEF 14A.
In fiscal year 2024, Edward L. Rand Jr., Principal Executive Officer of PROASSURANCE CORP (PRA), received total compensation of $6.2 million.
Edward L. Rand Jr.'s compensation breakdown includes: base salary of $1.0 million, stock awards valued at $2.6 million, non-equity incentive compensation of $2.5 million, and other compensation of $108K.
PROASSURANCE CORP's top 5 named executive officers received combined total compensation of $14.6 million in fiscal year 2024.
The named executive officers disclosed in PROASSURANCE CORP's 2024 proxy statement are:Edward L. Rand Jr. (Principal Executive Officer) with total compensation of $6.2 million, Robert D. Francis (President Medical Professional Liability) with total compensation of $2.4 million, Jeffrey P. Lisenby (Executive Vice President Corporate Secretary and General Counsel) with total compensation of $2.1 million, Dana S. Hendricks (Chief Financial Officer Treasurer and Executive Vice President) with total compensation of $2.0 million, and Kevin M. Shook (President Eastern Alliance Insurance Group) with total compensation of $1.8 million.
Edward L. Rand Jr., Principal Executive Officer of PROASSURANCE CORP (PRA), received $6,226,834 in total compensation for FY2024. Stock awards of $2,593,355 were the largest component. Figures come from PROASSURANCE CORP's DEF 14A 0001875246-25-000023 filed 11 Apr 2025.
Source Filing
Executive Record
Edward L. Rand Jr.
Principal Executive Officer
Reported Pay
$6.2MSummary compensation table total · FY2024
Read the board's pay decision against shareholder returns and current filing context.
PROASSURANCE CORP (PRA) — Key Facts
Last updated Jun 27, 2026 · DEF 14A filed Apr 11, 2025
| CEO | Edward L. Rand Jr., Principal Executive Officer |
|---|---|
| Fiscal year | FY2024 |
| Total compensation | $6.2M |
| Base salary | $1.0M |
| Stock awards | $2.6M |
| Other compensation | $108K |
| Source | DEF 14A, 2025-04-11 |
Edward L. Rand Jr., the Principal Executive Officer of PROASSURANCE CORP, received total compensation of $6,226,834 in fiscal year 2024. This includes base salary of $1,029,231 and stock awards valued at $2,593,355. Figures come from PROASSURANCE CORP's DEF 14A 0001875246-25-000023 filed 11 Apr 2025.
Edward L. Rand Jr.'s base salary at PROASSURANCE CORP is $1,029,231 per year as of fiscal year 2024. However, total compensation including stock awards, bonuses, and other benefits is $6,226,834. Figures come from PROASSURANCE CORP's DEF 14A 0001875246-25-000023 filed 11 Apr 2025.
PROASSURANCE CORP's CEO, Edward L. Rand Jr., earned $6,226,834 in total compensation for fiscal year 2024. The majority of this compensation comes from stock awards ($2,593,355) rather than base salary ($1,029,231). Figures come from PROASSURANCE CORP's DEF 14A 0001875246-25-000023 filed 11 Apr 2025.
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