AmGUARD Ins Co
Major Rating Factors:
Fair reserve development (4.5 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.2) with operating losses during 2020, 2021, 2023 and the first nine months of 2024. Return on equity has been low, averaging 1.2% over the past five years. Fair overall results on stability tests (4.7) including negative cash flow from operations for 2023 and fair risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 5.8% of capital. Strengths include potentially strong support from affiliation with Berkshire Hathaway Inc.
Other Rating Factors:
Excellent liquidity (7.9) with ample operational cash flow and liquid investments. Poor long-term capitalization index (2.8) based on weak current risk adjusted capital (severe loss scenarios), although results have slipped from the good range during the last year.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
Principal Lines of Business:
Comm multi (28.4%), personal/comm auto (25.9%), homeowners (21.5%), work comp (17.7%), fire (0.4%), other (6.1%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (59.7%), common stock (22.5%), cash (17.5%), other (0.3%)
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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