Major Rating Factors:
Good overall profitability index (6.5 on a scale of 0 to 10) despite operating losses during 2022. Fair overall results on stability tests (4.5) including weak results on operational trends. Strengths include potentially strong support from affiliation with Berkshire Hathaway Inc. Strong long-term capitalization index (8.8) 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 (6.9) as reserves have been consistently at an acceptable level. Excellent liquidity (7.9) 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:
Comm multi (35.5%), fire (16.2%), homeowners (2.8%), product liab. (1.0%), other (44.5%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (82.6%), other (17.4%)
Corporate Info
Group Affiliation
Berkshire Hathaway Inc
Investment Rating
--
Company Address
945 East Paces Ferry Road, NE
Atlanta, GA 30326
Atlanta, GA 30326
Phone Number
(404) 231-2366
NAIC Number
13027
Website
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