Major Rating Factors:
Strong long-term capitalization index (10.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Other Rating Factors:
Excellent overall results on stability tests (7.4). Stability strengths include excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.2% of capital. Fair profitability index (4.7) with operating losses during 2021 and 2022.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (16.0%), other (84.0%)
Licensed in:
All states except CA, DE, HI, LA, NY, PA, WV
Principal Investments:
Investment grade bonds (58.4%), common stock (41.4%), cash (0.2%)
Corporate Info
Group Affiliation
Berkshire Hathaway Inc
Investment Rating
--
Company Address
1170 Devon Park Drive
Wayne, PA 19087
Wayne, PA 19087
Phone Number
(888) 523-5545
NAIC Number
15756
Website
Largest Affiliates