American Surety Co
Major Rating Factors:
Fair profitability index (3.3 on a scale of 0 to 10) with operating losses during 2021, 2022, 2023, 2024 and the first three months of 2025. Average return on equity over the last five years has been poor at -9.7%. Good long-term capitalization index (5.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2023. History of adequate reserve strength (6.2) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Excellent liquidity (8.3) 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:
A - Financial problems or weaknesses of a parent or affiliate company.
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fin guar/surety (99.9%), other (0.1%)
Licensed in:
All states
Principal Investments:
Common stock (97.9%), investment grade bonds (1.1%), cash (0.9%), other (0.2%)
Corporate Info
Group Affiliation
Core Specialty Ins Holdings Inc
Investment Rating
--
Company Address
250 East 96th Street
Indianapolis, IN 46240
Indianapolis, IN 46240
Phone Number
(317) 875-8700
NAIC Number
31380
Website
Largest Affiliates