AmGUARD Ins Co
Major Rating Factors:
Fair long-term capitalization index (3.0 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the good range over the last two years. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.0) including negative cash flow from operations for 2024 and fair risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 5.0% of capital. Strengths include potentially strong support from affiliation with Berkshire Hathaway Inc.
Other Rating Factors:
A history of deficient reserves (2.5) that places pressure on both capital and profits. In 2024 the two year reserve development was 48.2% deficient. Weak profitability index (2.9) with operating losses during 2020, 2021, 2023 and 2024.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
Principal Lines of Business:
Personal/comm auto (27.7%), comm multi (27.6%), homeowners (20.5%), work comp (17.6%), fire (0.3%), other (6.3%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (52.9%), common stock (29.3%), cash (16.4%), other (1.4%)
Corporate Info
Group Affiliation
Berkshire Hathaway Inc
Investment Rating
--
Company Address
39 Public Square
Wilkes-Barre, PA 18701
Wilkes-Barre, PA 18701
Phone Number
--
NAIC Number
42390
Website
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