AmericanAg has a solid financial foundation and more than 70 years of experience. With $1.079 billion in gross premium written in 2019, we rank among the world’s 50 largest reinsurance groups, as rated by A.M. Best.
CEO Quarterly Update
2020 Second Quarter Results
Spring storms and potential losses from COVID-19 impacted our first half of the year. As of June 30, we have an underwriting loss of $7,898,019, a loss ratio of 86.9% and combined ratio of 104.5%.
At the same time, the stock market improved during the second quarter, which helped add over $10,000,000 to surplus between March 31 and June 30, leaving us with a total surplus of $613,541,795 through June 30.