Major Rating Factors:
Fair profitability index (3.9 on a scale of 0 to 10) with operating losses during 2021, 2023 and 2025. Good overall results on stability tests (6.3) despite excessive premium growth. The largest net exposure for one risk is high at 3.1% of capital. Other stability subfactors include potentially strong support from affiliation with Berkshire Hathaway Inc, good operational trends and excellent risk diversification. Strong long-term capitalization index (7.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
Principal Lines of Business:
Comm multi (31.6%), work comp (17.0%), personal/comm auto (12.9%), fire (5.2%), product liab. (0.8%), other (32.4%)
Licensed in:
All states and VI
Principal Investments:
Investment grade bonds (34.0%), common stock (25.9%), cash (4.9%), other (35.2%)
Corporate Info
Group Affiliation
Berkshire Hathaway Inc
Investment Rating
--
Company Address
1314 Douglas Street
Omaha, NE 68102
Omaha, NE 68102
Phone Number
(402) 916-3000
NAIC Number
10391
Largest Affiliates