Debt (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Outstanding long-term debt

ProAssurance’s outstanding debt consisted of the following:

(In thousands)	December 31, 2016		December 31, 2015
Senior notes due 2023, unsecured, interest at 5.3% annually	$	250,000	$	250,000
Revolving Credit Agreement, outstanding borrowings are fully secured, see Note 4, and carried at a weighted average interest rate of 1.35%. The interest rate on the borrowings is set at the time the respective borrowing is initiated or renewed. The current borrowings can be repaid or renewed in the first quarter 2017. If renewed, the interest rate will be reset.	200,000		100,000
Total principal	$	450,000	$	350,000
Less debt issuance costs	1,798		2,142
Debt less debt issuance costs	$	448,202	$	347,858