X0202 4 2005-03-09 0001127703 PROASSURANCE CORP PRA 0000901525 CROWE A DERRILL MD C/O PROASSURANCE CORPORATION 100 BROOKWOOD PLACE BIRMINGHAM AL 35209-6811 1 1 0 1 Chairman Chief Executive Officer Common Stock 2005-03-09 4 A 0 7305 41.15 A 347922 D Common Stock 499044 I IRA-Sterne Agee & Leach Common Stock 78866 I IRA-Morgan Stanley Common Stock 11742 I ProAssurance Group Savings and Retirement Plan [401(k)] Common Stock 1224 I Spouse Common Stock 1162791 I Crowe Family Partners, Ltd. Common Stock 2005-01-20 5 G 0 2300 A 51468 I Trusts for the benefit of the reporting person's minor children Employee Stock OPtion (Right to Buy) 41.15 2005-03-09 4 A 0 50000 41.15 A 2005-09-10 2015-09-10 Common Stock 50000 50000 D Employee Stock Option (Right to Buy) 33.28 2004-09-10 2014-09-10 Common Stock 50000 50000 D Employee Stock Option (Right to Buy) 22.00 2003-09-04 2013-03-04 Common Stock 40000 40000 D Employee Stock Option (Right to Buy) 16.80 2002-07-15 2012-01-15 Common Stock 60000 60000 D Employee Stock Option (Right to Buy) 24.68 2001-06-20 2007-12-02 Common Stock 109341 109341 D IRA formerly held at Smith Barney. Acount transfer effective 12/13/04 These shares were allocated prior to August 29, 2002 and were exempt under Rule 16b-3 Shares given to Trusts FBO the reporting person's minor children The options vest in five equal installments commencing on September 10, 2005 The options vest in five equal installments commencing on September 10, 2004 The options vest in five equal installments commencing on September 4, 2003 The options vest in five equal installments commencing on July 15, 2002 On June 27, 2001, in connection with the consolidation of Medical Assurance, Inc. and Professionals Group, Inc. under the ownership of ProAssurance Corporations (NYSE:PRA), each share of Medical Assurance, Inc. common stock was converted into one share of ProAssurance Corporation common stock, and each option to purchase Medical Assurance, Inc. common stock was converted into one option to purchase ProAssurance Corporation common stock. The acquisitions reported herein reflect shares of ProAssurance Corporation common stock and stock options acquired beneficially by the reporting person in exchange for the surrender of shares and stock options owned beneficially in Medical Assurance, Inc. The acquisition of ProAssurance Corporation shares and options reported herein is exempt from Section 16(b) of the Securities Exchange Act, as amended (the "Act"), by virtue of Rule 16b-3(d) promulgated under the Act. A. Derrill Crowe 2005-03-10