Major Rating Factors:
Weak overall results on stability tests (0.0 on a scale of 0 to 10) including excessive premium growth and negative cash flow from operations for 2024. The largest net exposure for one risk is excessive at 29.9% of capital. Strengths include potentially strong support from affiliation with Berkshire Hathaway Inc. Fair reserve development (4.1) as reserves have generally been sufficient to cover claims. Good overall profitability index (6.0).
Other Rating Factors:
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. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fin guar/surety (100.0%)
Licensed in:
All states and PR
Principal Investments:
Investment grade bonds (87.4%), common stock (10.2%), cash (0.1%), other (2.3%)
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
13070
Website
Largest Affiliates