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Financials2021-08-18T08:26:01-06:00

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 Second Quarter Results

Results for the second quarter of 2021 at AmericanAg™ were good. Lower-than-expected catastrophe losses contributed to an underwriting gain of $9.4 million for the quarter. Stock market gains and lower-than-expected expenses helped add $16.7M to surplus during the quarter, for a total surplus gain of $42M for the year.

Results as of June 30, 2021 were as follows:

  • Earned Premium: $216,694,184
  • Incurred Losses: $160,782,357
  • Loss Ratio: 74.2%
  • Expense Ratio: 15.9%
  • Combined Ratio : 90.1%
  • Surplus: $681,386,349

Janet Katz, Executive Vice President and CEO

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