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 Third Quarter Results
While the first half of the year was dominated by spring storms and potential losses from COVID-19, our third quarter was shaped, in great part, by unprecedented hurricane activity and the derecho that went through the upper Midwest in August.
As of September 30, 2020, we have an underwriting loss of $15,861,527, a loss ratio of 88.0%, and a combined ratio of 105.2%.
Investment gains helped contribute to a $7,497,829 growth in surplus during the third quarter, leaving us at a small surplus gain for the year of $1,120,453 and a total surplus of $621,039,624 through September 30.