• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    AM Best Affirms Credit Ratings of First Guard Insurance Company

    2/16/24 12:30:00 PM ET
    $BH
    Restaurants
    Consumer Discretionary
    Get the next $BH alert in real time by email

    AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a+" (Excellent) of First Guard Insurance Company (First Guard) (Scottsdale, AZ). The outlook of these Credit Ratings (ratings) is stable. First Guard is a subsidiary of Biglari Holdings Inc. (NYSE:BH).

    The ratings reflect First Guard's balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.

    The stable outlooks reflect AM Best's expectation that First Guard will maintain its very strong overall balance sheet strength assessment, supported by risk-adjusted capitalization at the strongest level, as measured by Best's Capital Adequacy Ratio (BCAR). Further, underwriting metrics remain well below composite averages benefiting from cumulative growth in surplus over the most recent five-year period, accompanied by consistent reserve redundancies. Surplus declined one year within that time due to an extraordinary dividend issued to the parent company. First Guard demonstrates strong operating performance, which outpaces composite average benchmarks, contributing to surplus growth. The company is expanding its product lines cautiously into trucking liability and cargo insurance, leveraging extensive experience and expertise within the commercial trucking industry. First Guard's risk management framework actively identifies risks and responds to an evolving economic and regulatory environment by incorporating mitigation strategies at various levels within the company.

    This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments.

    AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

    Copyright © 2024 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20240216840288/en/

    Get the next $BH alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $BH

    DatePrice TargetRatingAnalyst
    More analyst ratings

    $BH
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Chairman and CEO Biglari, Sardar bought $852,732 worth of shares (682 units at $1,250.34) and bought $646,085 worth of Class B common stock (2,589 units at $249.55) (SEC Form 4)

      4 - Biglari Holdings Inc. (0001726173) (Issuer)

      12/19/24 8:09:31 PM ET
      $BH
      Restaurants
      Consumer Discretionary
    • Chairman and CEO Biglari, Sardar bought $480,175 worth of shares (408 units at $1,176.90) and bought $250,621 worth of Class B common stock (1,070 units at $234.23) (SEC Form 4)

      4 - Biglari Holdings Inc. (0001726173) (Issuer)

      12/16/24 9:30:05 PM ET
      $BH
      Restaurants
      Consumer Discretionary
    • Chairman and CEO Biglari, Sardar bought $495,094 worth of Class B common stock (2,167 units at $228.47) (SEC Form 4)

      4 - Biglari Holdings Inc. (0001726173) (Issuer)

      12/9/24 7:13:42 PM ET
      $BH
      Restaurants
      Consumer Discretionary

    $BH
    SEC Filings

    See more
    • Biglari Holdings Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - Biglari Holdings Inc. (0001726173) (Filer)

      5/9/25 4:10:15 PM ET
      $BH
      Restaurants
      Consumer Discretionary
    • SEC Form 10-Q filed by Biglari Holdings Inc.

      10-Q - Biglari Holdings Inc. (0001726173) (Filer)

      5/9/25 4:09:37 PM ET
      $BH
      Restaurants
      Consumer Discretionary
    • Biglari Holdings Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders

      8-K - Biglari Holdings Inc. (0001726173) (Filer)

      4/17/25 4:16:44 PM ET
      $BH
      Restaurants
      Consumer Discretionary