Form 10-K & Downloads
James Nussle
Director
Geir Olsen
Director
Brett Paschke
Director
Scott Tabakin
Director
Steve Fredrickson
Chair of the Board
Vik Atal
President and Chief Executive Officer
Danielle Brown
Director
Marjorie Connelly
Director
PRA Group Leadership
Letter from the
Chair of the Board
PRA Group today is one of the most geographically diverse debt buyers in the world. Driven primarily by our acquisition of Aktiv Kapital 10 years ago, we have the ability to deploy capital strategically based on returns and volume offered in a multitude of markets worldwide.
In business since 1996
1996
Quick Facts
Our mission is to deliver nonperforming loan solutions that drive success through a long-term focus and customer care.
As a global leader in acquiring and collecting nonperforming loans, PRA Group, Inc. returns capital to banks and other creditors to help expand financial services for consumers in the Americas, Europe and Australia. With thousands of employees worldwide, PRA Group companies collaborate with customers to help them resolve their debt.
About Us
01
Letter from the Chair of the Board
02
2023 Financial Highlights
03
04
PRA Group Leadership
05
Form 10-K & Downloads
06
GLOBAL REACH.
LOCAL TOUCH.
2023 ANNUAL REPORT
GLOBAL REACH.
LOCAL TOUCH.
2023 ANNUAL REPORT
Restoring oyster reefs along the Chesapeake Bay in coastal Virginia, U.S.
2022
2019
2020
2021
2023
At December 31
Estimated Remaining Collections ($M)
This Annual Report contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements involve risks, uncertainties and assumptions that could cause our actual results to differ materially from those expressed or implied by such forward-looking statements. See “Forward-Looking Statements” in the attached Annual Report on Form 10-K for the year ended December 31, 2023 for a discussion of the risks, uncertainties and assumptions that could cause our actual results to differ from those contained in our forward-looking statements.
Supporting individuals and families impacted by cancer in Ayrshire, Scotland.
Volunteering at an animal shelter in Celestynów, Poland.
Publicly traded since 2002
2002
2023 portfolio investments of $1B+
$1B+
Collecting in 12 languages and currencies
12
Portfolio operations in 18 countries
18
Employing over 3,000 people worldwide
3,000+
Click to Read Full Letter >
Steve Fredrickson, Chair of the Board
Letter from the
President and CEO
Our long-standing focus on fostering high-performing teams is founded on our understanding that cultivating talent, collaboration and inclusivity are paramount to innovation and results.
Click to Read Full Letter >
Vik Atal, President and CEO
Download
Form 10-K
Download
Full Annual Report
Download
Proxy Statement
Peggy Turner
Director
Lance Weaver
Director
John Fain
Director
Glenn Marino*
Director
BOARD OF DIRECTORS
MANAGEMENT
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Copyright 2024 PRA Group, Inc. All rights reserved.
Rakesh Sehgal**
Executive Vice President,
Chief Financial Officer
Martin Sjölund**
President, PRA Group Europe
LaTisha Tarrant**
Executive Vice President, General Counsel and Chief Human Resources Officer
Vik Atal**
President and Chief Executive Officer
Jan Husby
Chief Information Officer
Owen James**
Executive Vice President,
Global Investments Officer
Keith Warren
Chief Risk and Compliance Officer
Elizabeth Kersey
Senior Vice President, Communications & Public Policy
*Effective as of March 15, 2024
**Executive Officer
Letter from the President and CEO
2023 Financial Highlights
$5,700
$6,399
$6,007
$6,455
$6,754
ESTIMATED REMAINING COLLECTIONS
TOTAL
REVENUES
CASH
RECEIPTS
NET
INCOME
2019
2020
2021
2022
2023
$967
$1,096
$1,065
$1,017
$803
Total Revenues ($M)
2019
2020
2021
2022
2023
$1,746
$2,076
$2,015
$1,857
$1,671
Cash Receipts ($M)
Cash Collections Plus Fee Income
2019
2020
2021
2022
2023
$117
$183
$149
$86
-$83
Attributable to PRA Group, Inc.
Net Income ($M)
MANAGEMENT
About Us
GLOBAL REACH.
LOCAL TOUCH.
2023 ANNUAL REPORT
*Effective as of March 15, 2024
**Executive Officer
2023 ANNUAL REPORT