Loading...
Financials2021-05-18T12:01:39-06:00

Financials

AmericanAgTM has a solid financial foundation and more than 70 years of experience. With $1.29 billion in gross premium written in 2020, we rank among the world’s 50 largest reinsurance groups, as rated by A.M. Best.

CEO Quarterly Update

2021 First Quarter Results

AmericanAg™ is off to a good start for the year. We had an underwriting gain of $13,518,103, loss ratio of 70.24%, and combined ratio of 86.97% for the first quarter of 2021. Our stock portfolio had gains of nearly $12 million, and surplus grew by $25,435,750, ending the quarter at $664,683,182.

The winter storm that hit Texas and other states in February brought us an unusually large first quarter catastrophe event, but that loss was offset in part by a recovery we made on one of the ILW covers we purchase.

Janet Katz, Executive Vice President and CEO

By using our site, you acknowledge that you have read and understand our Cookie Policy and our Privacy Policy. I Agree