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Share-Based Payments (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Compensation Expense and Related Tax Benefit Recognized During Each Period, and Compensation Cost Expense in Future Periods
The following table provides a summary of compensation expense and the total related tax benefit recognized during each period as well as estimated compensation cost that will be charged to expense in future periods.
 
Share-Based
Compensation Expense
Unrecognized Compensation Cost
 
Year Ended December 31December 31, 2022
($ in millions, except remaining recognition period)
202220212020AmountWeighted Average Remaining
Recognition Period
Total share-based compensation expense$4.8 $4.4 $3.8 $6.5 1.7
Tax benefit recognized$1.0 $0.9 $0.8 
Schedule of Activity for Restricted Share Units
Activity for restricted share units during 2022, 2021 and 2020 is summarized below. Grant date fair values are based on the market value of a share of ProAssurance common stock on the date of grant less the estimated net present value of expected dividends during the vesting period.
 
202220212020
 
UnitsWeighted
Average
Grant Date
Fair Value
UnitsWeighted
Average
Grant Date
Fair Value
UnitsWeighted
Average
Grant Date
Fair Value
Beginning non-vested balance387,182 $30.78 339,804 $36.09 320,625 $43.99 
Granted195,941 $24.19 131,521 $24.16 111,758 $29.18 
Forfeited(12,238)$25.13 (11,131)$35.49 (9,054)$40.13 
Vested and released(105,682)$39.36 (73,012)$44.45 (83,525)$56.74 
Ending non-vested balance465,203 $26.21 387,182 $30.78 339,804 $36.09 
Schedule of Activity for Performance Share Awards The table reflects the base number of units; actual awards that vest depend upon the extent to which performance objectives are achieved. Grant date fair values are based on the market value of a share of ProAssurance common stock on the date of grant less the estimated net present value of expected dividends during the vesting period.
 
202220212020
 
Base UnitsWeighted
Average
Grant Date
Fair Value
Base UnitsWeighted
Average
Grant Date
Fair Value
Base UnitsWeighted
Average
Grant Date
Fair Value
Beginning non-vested balance137,781 $28.43 90,979 $36.87 100,370 $50.10 
Granted109,542 $24.19 74,004 $24.04 38,609 $29.18 
Forfeited $ — $— — $— 
Expired*(25,168)$40.18 (27,202)$44.73 (48,000)$58.35 
Ending non-vested balance222,155 $25.01 137,781 $28.43 90,979 $36.87 
*Represents performance share units that did not vest as minimum performance objectives were not achieved.