AzGUARD Ins Co
Major Rating Factors:
Fair reserve development (3.3 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2024 the one year reserve development was 30.3% deficient. Fair profitability index (4.0) with operating losses during 2020, 2021, 2023, 2024 and the first three months of 2025. Return on equity has been low, averaging 0.5% over the past five years. Good overall results on stability tests (6.8) despite. Other stability subfactors include potentially strong support from affiliation with Berkshire Hathaway Inc, good operational trends and excellent risk diversification.
Other Rating Factors:
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. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (50.5%), comm multi (15.4%), work comp (13.6%), personal/comm auto (12.1%), fire (0.2%), other (8.2%)
Licensed in:
NE
Principal Investments:
Investment grade bonds (96.1%), cash (3.8%), other (0.1%)
Corporate Info
Group Affiliation
Berkshire Hathaway Inc
Investment Rating
--
Company Address
39 Public Square
Wilkes-Barre, PA 18701
Wilkes-Barre, PA 18701
Phone Number
(570) 825-9900 3071
NAIC Number
16495
Website
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