EastGUARD Ins Co
Major Rating Factors:
Good long-term capitalization index (5.9 on a scale of 0 to 10) based on fair current risk adjusted capital (moderate loss scenarios), although results have slipped from the good range during the last year. Fair overall results on stability tests (4.6) including fair risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 6.1% of capital. Strengths include potentially strong support from affiliation with Berkshire Hathaway Inc. Superior liquidity (9.4) with ample operational cash flow and liquid investments.
Other Rating Factors:
A history of deficient reserves (2.7) that places pressure on both capital and profits. In 2024 the two year reserve development was 43.5% deficient. Weak profitability index (2.9) with operating losses during 2021, 2023, 2024 and the first six months of 2025. Average return on equity over the last five years has been poor at -5.9%.
Stability Factors:
C - Past results on our Risk-Adjusted Capital 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:
Work comp (32.8%), comm multi (22.5%), personal/comm auto (21.6%), homeowners (17.7%), fire (0.2%), other (5.2%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (68.2%), common stock (23.1%), cash (8.2%), other (0.6%)
Corporate Info
Group Affiliation
Berkshire Hathaway Inc
Investment Rating
--
Company Address
39 Public Square
Wilkes-Barre, PA 18701
Wilkes-Barre, PA 18701
Phone Number
(570) 825-9900 3071
NAIC Number
14702
Website
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