XNAS
PRAA
Market cap746mUSD
Oct 20, Last price
19.82USD
1D
1.02%
1Q
17.28%
Jan 2017
-49.31%
IPO
262.56%
Name
PRA Group Inc
Chart & performance
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Profile
PRA Group, Inc., a financial and business services enterprise, specializes in the acquisition, management, and recovery of defaulted loan portfolios. Its operations span the Americas, Australia, and Europe. The company primarily procures overdue financial obligations from individuals, which were initially extended by various credit originators like banks, consumer and retail finance firms, and automotive lenders. The types of non-performing assets it acquires are diverse, encompassing balances from Visa, MasterCard, private label, and other credit cards, as well as installment loans, lines of credit, deficiency balances, legal judgments, and trade payables. These assets are sourced from a broad spectrum of entities, including banks, credit unions, retailers, utilities, and other financial institutions. Furthermore, PRA Group offers fee-based services, such as facilitating recoveries from class action claims and servicing consumer bankruptcy accounts. The company, which was established in 1996, changed its name from Portfolio Recovery Associates, Inc. to PRA Group, Inc. in October 2014. Its corporate headquarters are situated in Norfolk, Virginia.
Related entities
Subsidiaries (8)
AK NORDIC ITALY S.R.L.
PRA GROUP EUROPE HOLDING II S.A R.L.
PRA Group Europe Holding III S.a r.l.
PRA GROUP POLSKA HOLDING SPOLKA Z OGRANICZONA ODPOWIEDZIALNOSCIA
PRA GROUP POLSKA SUB-HOLDING SPOLKA Z OGRANICZONA ODPOWIEDZIALNOSCIA
PRA GROUP EUROPE AS
PRA GROUP EUROPE HOLDING I S.À.R.L.
PRA GROUP EUROPE HOLDING SARL
Key people
Steven Fredrickson
Non-Executive Independent Chairman of the Board · since 2022
Martin Sjolund
President, Chief Executive Officer, Director · since 2025
Rakesh Sehgal
Chief Financial Officer, Executive Vice President · since 2023
Latisha Tarrant
Chief Human Resources Officer, Executive Vice President, General Counsel · since 2023
Steve Macke
Global Operations Officer · since 2024
Lance Weaver
Lead Independent Director · since 2015
Adrian Butler
Independent Director · since 2025
Independent Director · since 2018
Dame Gadhia
Independent Director · since 2024
Geir Olsen
Independent Director · since 2023
Independent Director · since 2020
Scott Tabakin
Independent Director · since 2004
Peggy Turner
Independent Director · since 2021
Legal address
C/O CORPORATION SERVICE COMPANY
251 LITTLE FALLS DRIVE
WILMINGTON, DE 19808
US
251 LITTLE FALLS DRIVE
WILMINGTON, DE 19808
US
Headquarters
120 Corporate Boulevard
Norfolk, VA 23502
US
Norfolk, VA 23502
US
Previous name
Portfolio Recovery Associates, Inc.
Valuation
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