Major Rating Factors:
Good overall results on stability tests (5.6 on a scale of 0 to 10) despite. Strengths include potentially strong support from affiliation with Berkshire Hathaway Inc. The largest net exposure for one risk is acceptable at 2.5% of capital. Fair profitability index (4.8) with operating losses during 2022. Return on equity has been low, averaging 0.6% over the past five years. Strong long-term capitalization index (8.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Product liab. (7.1%), med mal (2.1%), fin guar/surety (1.3%), other (89.5%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (98.3%), other (1.7%)
Corporate Info
Group Affiliation
Berkshire Hathaway Inc
Investment Rating
--
Company Address
1600 Aspen Commons
Middleton, WI 53562
Middleton, WI 53562
Phone Number
(608) 829-4200
NAIC Number
10328
Website
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