C
TransGuard Ins Co of Am Inc
Raleigh,  NC
Rating Date
April 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
1.60
Risk Adjusted
Capital Ratio #2
1.20
Loss
Ratio
64.65%
Total
Assets
713.92M
Capital
283.73M
Net
Premiums
308.94M
Net
Income
17.59M
My Lists My Alerts
Auto Physical Damage
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
408
145
553
26.22%
22.82%
2022
468
212
680
31.18%
23.10%
2021
490
258
748
34.49%
22.81%
2020
656
444
1,100
40.36%
21.51%
2019
1,362
327
1,689
19.36%
22.66%
2018
919
454
1,373
33.07%
21.92%
Commercial Auto Liability
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
241
245
486
50.41%
47.27%
2022
311
323
634
50.95%
45.41%
2021
367
405
772
52.46%
44.40%
2020
426
440
866
50.81%
42.42%
2019
582
578
1,160
49.83%
44.33%
2018
664
681
1,345
50.63%
44.16%
Commercial Multiple Peril
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
27
24
51
47.06%
38.64%
2022
27
30
57
52.63%
39.39%
2021
126
179
305
58.69%
40.41%
2020
122
421
543
77.53%
48.09%
2019
123
813
936
86.86%
43.30%
2018
105
648
753
86.06%
41.13%
Homeowners & Farmowners
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
7
12
19
63.16%
36.96%
2022
1,008
570
1,578
36.12%
37.08%
2021
2,922
1,975
4,897
40.33%
39.17%
2020
1,609
905
2,514
36.00%
35.42%
2019
900
673
1,573
42.78%
35.34%
2018
712
524
1,236
42.39%
34.35%
Other Liability: Claims Made
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
1
40
41
97.56%
74.81%
2022
1
21
22
95.45%
73.22%
2021
0
1
1
100.00%
79.01%
2020
0
0
0
0.00%
80.13%
2019
0
0
0
0.00%
77.47%
2018
0
0
0
0.00%
77.10%
Other Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
6
22
28
78.57%
16.34%
2022
9
25
34
73.53%
11.13%
2021
10
34
44
77.27%
18.93%
2020
25
40
65
61.54%
20.93%
2019
47
58
105
55.24%
16.90%
2018
47
92
139
66.19%
11.94%
Private Passenger Auto Liability
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
0
0
0
0.00%
44.64%
2022
0
0
0
0.00%
46.15%
2021
19
16
35
45.71%
46.87%
2020
150
311
461
67.46%
43.90%
2019
1,110
212
1,322
16.04%
42.09%
2018
318
314
632
49.68%
39.60%
Product Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
2
2
4
50.00%
62.55%
2022
2
3
5
60.00%
56.52%
2021
3
3
6
50.00%
62.74%
2020
1
1
2
50.00%
61.51%
2019
1
2
3
66.67%
70.02%
2018
2
1
3
33.33%
70.45%
Workers' Compensation
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
4
3
7
42.86%
35.70%
2022
5
4
9
44.44%
37.14%
2021
3
6
9
66.67%
35.46%
2020
7
6
13
46.15%
33.86%
2019
4
3
7
42.86%
34.01%
2018
6
3
9
33.33%
32.34%