NorGUARD Ins Co
Major Rating Factors:
Good long-term capitalization index (6.8 on a scale of 0 to 10) based on good current risk adjusted capital (moderate loss scenarios) reflecting significant improvement over results in 2020. Fair profitability index (2.9) with operating losses during 2021, 2023, 2024 and 2025. A history of deficient reserves (2.2) that places pressure on both capital and profits. In 2024 and 2025 the two year reserve development was 44.3% and 52.0% deficient respectively.
Other Rating Factors:
Good overall results on stability tests (6.3) despite weak risk adjusted capital in prior years and negative cash flow from operations for 2025. The largest net exposure for one risk is high at 3.0% of capital. Strengths include potentially strong support from affiliation with Berkshire Hathaway Inc. Excellent liquidity (8.3) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (32.4%), personal/comm auto (27.2%), comm multi (22.5%), homeowners (8.4%), fire (0.2%), other (9.2%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (70.4%), common stock (27.4%), cash (2.1%)
Corporate Info
Group Affiliation
Berkshire Hathaway Inc
Investment Rating
--
Company Address
39 Public Square
Wilkes-Barre, PA 18701
Wilkes-Barre, PA 18701
Phone Number
--
NAIC Number
31470
Website
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