Derivatives (Tables)

12 Months Ended

Dec. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Swaps

The following table provides a summary of the volume and fair value position of the Company's derivative instruments as well as the reporting location in the Consolidated Balance Sheet as of December 31, 2024 and 2023.

($ in thousands)		December 31, 2024			December 31, 2023
Derivative Instruments	Location in the Consolidated Balance Sheets	Number of Instruments	Aggregate Notional Amount(1)	Estimated Fair Value(2)	Number of Instruments	Aggregate Notional Amount(1)	Estimated Fair Value(2)
Cash Flow Hedge- Interest Rate Swaps	Other Assets	2	$245,313	$5,801	2	$250,000	$3,876
Foreign Currency Forward	Other Assets	1	$5,470	$293	—	$—	$—

(1) Volume is represented by the derivative instruments' notional amount.

(2) Additional information regarding the fair value of the Company's Interest Rate Swaps and foreign currency forward is provided in Note 2.

Schedule of Derivative Instruments, Gain (Loss)

For the years ended December 31, 2024 and 2023, ProAssurance reclassified a gain on the Interest Rate Swaps from AOCI, net of tax, into earnings as shown in the table below:

		Qualifying Cash Flow Hedges - Gains (Losses) Reclassified from AOCI, net of tax, to Earnings
(In thousands)		Year Ended December 31
Derivatives Designated as Hedging Instruments	Location in the Consolidated Statements of Income and Comprehensive Income	2024		2023		2022
Cash Flow Hedge- Interest Rate Swaps	Interest Expense	$	3,892	$	36	$	—

The following table presents the pre-tax impact of the change in the fair value of the foreign currency forward and the reporting location in the Consolidated Statements of Income and Comprehensive Income for the year ended December 31, 2024.

(In thousands)		Year Ended December 31
Derivatives not Designated as Hedging Instruments	Location in the Consolidated Statements of Income and Comprehensive Income	2024		2023		2022
Foreign Currency Forward	Other Income (Expense)	$	293	$	—	$	—