AmGUARD Ins Co
Major Rating Factors:
Fair overall results on stability tests (4.4 on a scale of 0 to 10) 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 6.6% of capital. Strengths include potentially strong support from affiliation with Berkshire Hathaway Inc. Superior liquidity (10.0) with ample operational cash flow and liquid investments. Poor long-term capitalization index (2.1) based on weak current risk adjusted capital (severe loss scenarios), although results have slipped from the fair range during the last year.
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, 2024 and the first three months of 2025. Average return on equity over the last five years has been poor at -6.5%.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
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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