PRA Group, Inc. (PRAA)

24.49 +0.21 (+0.86%) As of 01:50PM EDT. Market open.

PRA Group, Inc.

120 Corporate Boulevard
Norfolk, VA 23502
United States
888 772 7326
https://www.pragroup.com

Sector(s): Financial Services
Industry: Credit Services
Full-time employees: 3,155

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Steven D. Fredrickson	Co-Founder & Non-Executive Chairman	195k	N/A	1960
Mr. Vikram A. Atal	President, CEO & Director	115k	N/A	1956

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

PRA Group, Inc., a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans worldwide. It is involved in the purchase of accounts that are primarily the unpaid obligations of individuals owed to credit originators, which include banks and other types of consumer, retail, and auto finance companies. The company also acquires nonperforming loans, including Visa and MasterCard credit card accounts, private label and other credit card accounts, personal loans, automobile loans, and small business loans from banks, credit unions, consumer finance companies, retailers, utilities, automobile finance companies, and other credit originators. In addition, it provides fee-based services on class action claims recoveries. The company was formerly known as Portfolio Recovery Associates, Inc. and changed its name to PRA Group, Inc. in October 2014. PRA Group, Inc. was founded in 1996 and is headquartered in Norfolk, Virginia.

Corporate governance

PRA Group, Inc.’s ISS governance QualityScore as of 1 May 2024 is 3. The pillar scores are Audit: 5; Board: 3; Shareholder rights: 2; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.