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PRA Group Inc (PRA) is a financial and business services company. It purchases, collects and manages portfolios of non-performing loans. PRA also offers services to receivables on behalf of clients and provides business tax revenue administration, audit, discovery and recovery services for local governments in the US. It also offers class action claims settlement recovery services and related payment processing to corporate clients. The company has operations across Australia, Austria, Brazil, Canada, Colombia, Delaware, Germany, Israel, Luxembourg, Norway, Poland, Spain, Sweden, Switzerland and Finland, the UK, the US and Virginia. PRA is headquartered in Norfolk, Virginia, the US.
Headquarters
United States of America
Address
120 Corporate Boulevard, Norfolk, Virginia, 23502
Website
www.pragroup.com
Telephone
1 888 7727326
No of Employees
2,541
Industry
Financial Services
Ticker Symbol & Exchange
PRAA (NASD)
Revenue (2024)
$1.2B
7.8%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-532.2%
(2024 vs 2023)
Market Cap*
$554.6M
Net Profit Margin (2024)
XYZ
-501.1%
(2024 vs 2023)
* As of and is in US$
Products and Services
| Services |
|---|
| Purchase, Collection and Management of Nonperforming Loans |
| Class Action Claims Recovery Services |
| Debt Collection |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In March, the company signed a partnership with StepChange Debt Charity to promote financial inclusion for consumers in the UK. |
| 2026 | Plans/Strategy | In January, the company announced its plans to launch a Uptown Charlotte office in One South. |
| 2024 | New Products/Services | In May, the company introduced its ¡Hola! Employee Resource Group. |
Competitor Comparison
| Key Parameters | PRA Group Inc | Encore Capital Group Inc | Intrum AB | Kruk SA | Asta Funding, Inc. |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | Sweden | Poland | United States of America |
| City | Norfolk | San Diego | Stockholm | Wroclaw | Englewood Cliffs |
| State/Province | Virginia | California | Stockholm | - | New Jersey |
| No. of Employees | 2,541 | 7,350 | 8,771 | 3,605 | - |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Martin Sjolund | Chief Executive Officer; President; Director | Executive Board | 2025 | 53 |
| Rakesh Sehgal | Chief Financial Officer; Executive Vice President | Senior Management | 2023 | 53 |
| Jan Husby | Chief Information Officer | Senior Management | 2022 | - |
| Keith Warren | Chief Risk and Compliance Officer | Senior Management | 2024 | - |
| LaTisha Tarrant | General Counsel; Chief Human Resources Officer; Executive Vice President | Senior Management | 2022 | 53 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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