EmPRO Grows Premium 7% with Combined Ratio of 87.9% as Expansion in Northeast Region Continues

April 1, 2025 by matray

EmPRO Insurance Co. has reported for the year ended Dec. 31, 2024, admitted assets of $571.8 million — an increase of 17.3% — with liabilities of $466.4 million, reserves of $349.7 million and a surplus of $105.4 million. EmPRO grew net income to $18.3 million on gross written premium of $190.2 million, while achieving a strong combined ratio of 87.9%.


According to EmPRO, a wholly owned subsidiary of Physicians’ Reciprocal Insurers (PRI), these results maintain its position as the third largest admitted medical malpractice insurer in New York State, and the thirteenth largest medical professional insurer in the United States. In addition to New York, EmPRO now has the ability to write business in New Jersey, Connecticut, Massachusetts and Pennsylvania. EmPRO opened its Hamilton, N.J., office in 2023 and its Boston office in 2025 to serve its insureds throughout the Northeast.

“In 2024 we delivered strong performance and hit multiple key milestones, underscoring EmPRO’s commitment to support and defend physicians and healthcare facilities,” said Bruce Shulan, EmPRO president and CEO. “With disciplined underwriting and strategic expansion into new markets, we continue to strengthen our position as a trusted partner. As we extend our footprint across the Northeast, we remain dedicated to delivering best-in-class service and deep-rooted experience to our insureds.”

“We have made incredible strides over the last year and are confident EmPRO will continue to raise the standards for medical malpractice insurance,” added Brian Nolan, EmPRO executive vice president and chief operating officer. “Our sustained growth last year and financial strength allow us to provide the necessary support to physicians and healthcare facilities, ensuring they have the protection they expect. Our focus remains on delivering exceptional service and solutions to meet the evolving needs of our insureds as we continue to grow into a leader across the Northeast region.”

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