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.