Loading...
Financials2021-11-15T09:02:52-06:00

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 Third Quarter Results

Like much of the industry, AmericanAg™ experienced significant catastrophe losses during the third quarter of 2021. The floods in Germany in July and Hurricane Ida in August contributed to an underwriting loss for the quarter of just over $10 million.

However, thanks to the good results we had in the first half of 2021, we still have an underwriting gain of $12.6 million for the year so far, and our surplus is up $35.8 million.

Results through September 30, 2021:

  • Earned Premium: $352,672,164
  • Incurred Losses: $283,029,453
  • Loss Ratio: 80.25%
  • Expense Ratio: 16.25%
  • Combined Ratio: 96.50%
  • Surplus: $675,045,842

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