AZGUARD Ins Co
Major Rating Factors:
History of adequate reserve strength (5.7 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Fair profitability index (4.4) with operating losses during 2020, 2021, 2023 and the first nine months of 2024. Return on equity has been low, averaging 1.0% over the past five years. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Superior liquidity (10.0) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.6). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
G - Fast asset or premium growth.
Principal Lines of Business:
Homeowners (31.3%), comm multi (25.8%), work comp (20.8%), personal/comm auto (16.9%), fire (0.4%), other (4.9%)
Licensed in:
NE
Principal Investments:
Investment grade bonds (95.4%), cash (4.3%), other (0.3%)
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
NAIC Number
16495
Website
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