American Agricultural Ins Co
Major Rating Factors:
Strong long-term capitalization index (7.9 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall results on stability tests (7.6). Stability strengths include excellent operational trends and excellent risk diversification. Good overall profitability index (6.9) with small operating losses during 2023. Return on equity has been fair, averaging 5.8% over the past five years.
Stability Factors:
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (7.4%), homeowners (3.9%), comm multi (1.6%), farmowners (1.1%), personal/comm auto (0.1%), other (85.9%)
Licensed in:
All states except AK, CA, CT, DC, HI, ME, ND, NH, NJ, NY, RI, also licensed in Canada, PR
Principal Investments:
Investment grade bonds (87.2%), common stock (9.1%), non investment grade bonds (0.8%), cash (0.3%), other (2.6%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1501 East Woodfield Road
Schaumburg, IL 60173
Schaumburg, IL 60173
Phone Number
(847) 969-2900
NAIC Number
10103
Website
Largest Affiliates
No affiliate information available.
