American Surety Co
Major Rating Factors:
Fair reserve development (4.7 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2025 the two year reserve development was 22.3% deficient. Fair profitability index (2.9) with operating losses during each of the last five years. Good long-term capitalization index (5.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2023.
Other Rating Factors:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (7.2). 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.
Principal Lines of Business:
Fin guar/surety (99.9%)
Licensed in:
All states
Principal Investments:
Common stock (96.4%), cash (2.3%), investment grade bonds (1.1%), 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