Argonaut Ins Co
Major Rating Factors:
Fair long-term capitalization index (4.4 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios) reflecting improvement over results in 2022. Fair profitability index (3.5) with operating losses during 2022 and 2024. Average return on equity over the last five years has been poor at -2.3%. Good overall results on stability tests (6.6) despite weak risk adjusted capital in prior years and negative cash flow from operations for 2024. Strengths include potentially strong support from affiliation with Brookfield Wealth Solutions Ltd.
Other Rating Factors:
A history of deficient reserves (2.7) that places pressure on both capital and profits. Deficiencies in the two year reserve development occurred in three of the previous five years and ranged between 25.1% and 31.8%. Excellent liquidity (7.3) 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 (17.3%), comm multi (14.6%), fin guar/surety (10.7%), personal/comm auto (8.5%), product liab. (0.3%), farmowners (0.1%), other (48.5%)
Licensed in:
All states and GU, PR, VI
Principal Investments:
Common stock (52.6%), investment grade bonds (27.5%), cash (1.4%), non investment grade bonds (1.0%), preferred stock (0.5%), other (16.9%)
Corporate Info
Group Affiliation
Brookfield Wealth Solutions Ltd
Investment Rating
Company Address
711 Broadway Street
San Antonio, TX 78215
San Antonio, TX 78215
Phone Number
(800) 470-7958
NAIC Number
19801
Website
Largest Affiliates