Major Rating Factors:
Fair profitability index (3.9 on a scale of 0 to 10) with operating losses during 2020, 2021, 2023 and the first six months of 2025. Average return on equity over the last five years has been poor at -1.0%. Fair overall results on stability tests (4.9) including. The largest net exposure for one risk is excessive at 5.3% of capital. Strong long-term capitalization index (8.3) 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 (7.6) 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:
Comm multi (28.6%), work comp (21.4%), personal/comm auto (16.0%), fire (3.5%), product liab. (0.7%), other (29.8%)
Licensed in:
All states and VI
Principal Investments:
Investment grade bonds (27.3%), common stock (25.9%), cash (3.7%), other (43.0%)
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