C
American Agri-Business Ins Co
LubbockTX
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
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Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.5). Strong long-term capitalization index (9.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors: Excellent liquidity (7.0) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.1). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business: Other (100%)
Licensed in: All states except AK, DC
Principal Investments: Investment grade bonds (66.4%), cash (26.1%), real estate (3.5%), other (4.0%)
Ratios
Premium to Surplus
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Reserve to Surplus
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1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
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Combined Ratio
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Cash From Underwriting
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Net Premium Growth
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Investments in Affiliates
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Corporate Info
Group Affiliation
Sompo Holdings Inc
Investment Rating
--
Company Address
7101 82nd Street
Lubbock, TX 79424
Phone Number
(806) 473-0333
NAIC Number
12548
Largest Affiliates
C
Purchase, NY - P&C
B
Purchase, NY - P&C
B
Charlotte, NC - P&C
C
B
Mount Juliet, TN - P&C