AM Best Affirms Credit Ratings of Berkshire Hathaway GUARD Insurance Companies’ Members
June 22, 2022A.M. Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings of “aa-” (Superior) of WestGUARD Insurance Company, AmGUARD Insurance Company, EastGUARD Insurance Company, NorGUARD Insurance Company and AZGUARD Insurance Company (Omaha, NE), which operate under an intercompany pooling agreement. These companies are members of Berkshire Hathaway GUARD Insurance Companies (GUARD) and are domiciled in Wilkes-Barre, PA, unless otherwise specified. The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect GUARD’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management, with lift from parental support.
GUARD continues to report significant premium growth in the most recent five-year period, with the help of significant rate increases in most of its lines of business.
Read the full A.M. Best press release.
