Major Rating Factors:
Good overall profitability index (6.7 on a scale of 0 to 10) with small operating losses during 2020. Return on equity has been low, averaging 3.4% over the past five years. Good overall results on stability tests (4.9) including. The largest net exposure for one risk is excessive at 5.1% of capital. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (1.9%), other (98.1%)
Licensed in:
All states and PR
Principal Investments:
Investment grade bonds (68.5%), common stock (30.8%), non investment grade bonds (0.5%), other (0.2%)
Corporate Info
Group Affiliation
Berkshire Hathaway Inc
Investment Rating
--
Company Address
400 Atlantic Street
Stamford, CT 06901
Stamford, CT 06901
Phone Number
(203) 328-5700
NAIC Number
11967
Website
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