Company search
Company Details
AMERICAN AGRI-BUSINESS INSURANCE COMPANY License Status :
Active
NAIC Number :
12548
Phone Number:
8064730333
Company Address:
7101 82ND STREET
LUBBOCK, TX 79424
Description:
Property and Casualty
License Number:
B420645
Date Admitted:
1984-04-05
Market Share
Link to Supplemental Data Page
| Year | Line | Market Share | Direct Premium Written | Direct Premium Earned | Direct Losses Paid | Direct Losses Incurred | Loss Ratio |
|---|---|---|---|---|---|---|---|
| 2023 | Total Property & Casualty | 0.49% | $77,526,254 | $77,648,060 | $34,963,989 | $63,807,317 | 82.18 % |
| 2023 | Growing Crops | 19.81% | $5,966,134 | $5,965,232 | $4,895,554 | $8,534,906 | N/A |
| 2023 | Federal Crop Insurance Corporation | 18.03% | $71,560,120 | $71,682,828 | $30,068,435 | $55,272,411 | 77.11 % |
| 2022 | Total Property & Casualty | 0.60% | $87,263,110 | $88,823,028 | $31,322,317 | $26,629,756 | 29.98 % |
| 2022 | Growing Crops | 15.83% | $7,057,801 | $7,057,801 | $3,316,323 | $3,720,604 | 52.72 % |
| 2022 | Federal Crop Insurance Corporation | 12.52% | $80,205,309 | $81,765,227 | $28,005,994 | $22,909,152 | 28.02 % |
| 2021 | Total Property & Casualty | 0.54% | $71,676,846 | $69,972,142 | $21,929,359 | $46,368,011 | 66.27 % |
| 2021 | Growing Crops | 27.38% | $4,718,179 | $4,719,904 | $3,114,655 | $4,785,136 | N/A |
| 2021 | Federal Crop Insurance Corporation | 25.98% | $66,958,667 | $65,252,238 | $18,814,704 | $41,582,875 | 63.73 % |
Enforcements
The department has not taken enforcement action against this company in the past three years.
Complaint Index
This company does not have any complaint information.
Link to Complaint Index PageCompany Changes
Effective Date: 12/28/2020
Comments: Effective 12/28/2020, CGB Insurance Company merged with and into the above company.
Market Conduct
This company does not have any market conduct exams or investigations.
Financial Exams
This company does not have any financial exams.