C
NorGUARD Ins Co
Rating Date
April 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
0.50
Risk Adjusted
Capital Ratio #2
0.40
Loss
Ratio
88.88%
Total
Assets
2.49B
Capital
352.73M
Net
Premiums
466.49M
Net
Income
-133.53M
My Lists My Alerts
Auto Physical Damage
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
2,488
1,154
3,642
31.69%
22.82%
2022
2,355
2,115
4,470
47.32%
23.10%
2021
1,898
2,145
4,043
53.05%
22.81%
2020
2,266
2,501
4,767
52.46%
21.51%
2019
1,875
2,004
3,879
51.66%
22.66%
2018
1,065
1,233
2,298
53.66%
21.92%
Commercial Auto Liability
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
2,464
1,367
3,831
35.68%
47.27%
2022
2,068
2,110
4,178
50.50%
45.41%
2021
1,178
1,512
2,690
56.21%
44.40%
2020
2,872
3,592
6,464
55.57%
42.42%
2019
3,134
2,564
5,698
45.00%
44.33%
2018
1,421
990
2,411
41.06%
44.16%
Commercial Multiple Peril
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
1,387
891
2,278
39.11%
38.64%
2022
1,977
1,851
3,828
48.35%
39.39%
2021
2,394
1,883
4,277
44.03%
40.41%
2020
2,016
2,826
4,842
58.36%
48.09%
2019
1,855
1,474
3,329
44.28%
43.30%
2018
1,827
1,597
3,424
46.64%
41.13%
Homeowners & Farmowners
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
5,241
825
6,066
13.60%
36.96%
2022
3,837
760
4,597
16.53%
37.08%
2021
4,302
798
5,100
15.65%
39.17%
2020
1,451
871
2,322
37.51%
35.42%
2019
1,042
181
1,223
14.80%
35.34%
2018
86
15
101
14.85%
34.35%
Other Liability: Claims Made
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
2
17
19
89.47%
74.81%
2022
5
9
14
64.29%
73.22%
2021
39
17
56
30.36%
79.01%
2020
5
50
55
90.91%
80.13%
2019
8
27
35
77.14%
77.47%
2018
1
12
13
92.31%
77.10%
Other Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
51
76
127
59.84%
16.34%
2022
41
54
95
56.84%
11.13%
2021
108
22
130
16.92%
18.93%
2020
70
127
197
64.47%
20.93%
2019
41
81
122
66.39%
16.90%
2018
10
18
28
64.29%
11.94%
Product Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
0
0
0
0.00%
62.55%
2022
0
0
0
0.00%
56.52%
Workers' Compensation
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2023
1,692
877
2,569
34.14%
35.70%
2022
1,981
1,258
3,239
38.84%
37.14%
2021
2,430
920
3,350
27.46%
35.46%
2020
2,133
243
2,376
10.23%
33.86%
2019
2,389
880
3,269
26.92%
34.01%
2018
3,343
703
4,046
17.38%
32.34%