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	<title>Stock Blog Hub &#187; ProAssurance Corp.</title>
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		<title>(PRA) ProAssurance Corporation to Buy Back More Stock and Debt</title>
		<link>http://www.stockbloghub.com/2009/09/11/pra-proassurance-corporation-to-buy-back-more-stock-and-debt/14971</link>
		<comments>http://www.stockbloghub.com/2009/09/11/pra-proassurance-corporation-to-buy-back-more-stock-and-debt/14971#comments</comments>
		<pubDate>Fri, 11 Sep 2009 23:17:53 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[PRA]]></category>
		<category><![CDATA[ProAssurance Corp.]]></category>

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		<description><![CDATA[ProAssurance Corporation (PRA) said Thursday that its Board has authorized an additional $100 million to repurchase its stock or retire outstanding debt. The current repurchase program is the addition to the company’s $31.3 million remaining repurchase authorizations. Since April 2007 ProAssurance has purchased 3.6 million shares at a cost of $177.8 million and used $40.9 million to retire debt. The total retirement of debt includes $7 million in surplus notes retired recently with respect to its acquisition of the PICA Group. Prudent capital management is a key strength for ProAssurance. The company deploys capital in an effective manner mainly through its stock buyback program. As the company is currently comfortable with its capital position, we anticipate the repurchase activities to continue in the coming quarters. As of December 31, 2008, ]]></description>
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