Major Rating Factors:
Fair profitability index (4.7 on a scale of 0 to 10) with operating losses during 2022. 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. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Superior liquidity (10.0) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.2). Strengths include potentially strong support from affiliation with Berkshire Hathaway Inc, good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.6% of capital.
Stability Factors:
G - Fast asset or premium growth.
Principal Lines of Business:
Med mal (1.8%), other (98.2%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (95.6%), cash (0.8%), other (3.6%)
Corporate Info
Group Affiliation
Berkshire Hathaway Inc
Investment Rating
--
Company Address
One Liberty Plaza
New York, NY 10006
New York, NY 10006
Phone Number
(212) 365-2200
NAIC Number
15201
Website
Largest Affiliates