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Financials2020-10-08T12:59:48-06:00

Financials

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.

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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.

Janet Katz, Executive Vice President and CEO

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