PRA Group Inc (PRA) is a financial and business services company. It purchases, collects and manages portfolios of non-performing loans. PRA also services receivables on behalf of clients, provides business tax revenue administration, audit, discovery, and recovery services for local governments in the US. It also provides class action claims settlement recovery services and related payment processing to corporate clients. The company has its operations in the US, the UK, Germany, Austria, Colombia, Canada, Australia, Brazil, Spain and Finland. PRA is headquartered in Norfolk, Virginia, the US.
Headquarters
United States of America
Address
120 Corporate Blvd Ste 100, Norfolk, Virginia, 23502
Website
www.pragroup.com
Telephone
1 757 5199300
No of Employees
3,155
Industry
Financial Services
Ticker Symbol & Exchange
PRAA (NASD)
Revenue (2022)
$802.6M
-17%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-171.3%
(2022 vs 2021)
Market Cap*
$921.3M
Net Profit Margin (2022)
XYZ
-185.8%
(2022 vs 2021)
* As of and is in US$
Products and Services
| Services |
|---|
| Core Acquisitions and Collections |
| Claims Compensation Bureau |
| Insolvency Investment Services |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In April, the company teamed up with the Chesapeake Bay Foundation to save the Bay by building oyster cages. |
| 2022 | Corporate Awards | In August, the company won a Bronze Stevie Award for Management Team of the Year. |
| 2022 | Contracts/Agreements | In June, the company announced to partner with Truist to offer U.S. employees a financial wellness program to build financial confidence. |
Competitor Comparison
| Key Parameters | PRA Group Inc | Credit Acceptance Corp | Encore Capital Group Inc | Performant Financial Corporation | Asta Funding, Inc. |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Norfolk | Southfield | San Diego | Livermore | Englewood Cliffs |
| State/Province | Virginia | Michigan | California | California | New Jersey |
| No. of Employees | 3,155 | 2,232 | 7,400 | 958 | - |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Vikram Atal | Chief Executive Officer; Director; President | Executive Board | 2023 | 67 |
| Rakesh Sehgal | Chief Financial Officer; Executive Vice President | Senior Management | 2023 | - |
| Jan Husby | Chief Information Officer | Senior Management | 2022 | - |
| LaTisha Tarrant | Chief Human Resources Officer | Senior Management | 2022 | - |
| Owen James | Global Investments Officer | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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