Major Rating Factors:
Fair profitability index (4.3 on a scale of 0 to 10) with operating losses during 2022. History of adequate reserve strength (6.0) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (8.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2022.
Other Rating Factors:
Superior liquidity (9.2) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (8.5). Strengths include potentially strong support from affiliation with Berkshire Hathaway Inc, excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Fin guar/surety (24.0%), product liab. (5.2%), med mal (3.5%), other (67.2%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (76.0%), common stock (18.4%), other (5.6%)
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
10472
Website
Largest Affiliates