Major Rating Factors:
Fair profitability index (3.2 on a scale of 0 to 10) with operating losses during 2022. Good overall results on stability tests (5.9) despite. The largest net exposure for one risk is high at 3.7% of capital. Other stability subfactors include potentially strong support from affiliation with Berkshire Hathaway Inc, excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification. Strong long-term capitalization index (8.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2022.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Superior liquidity (9.6) with ample operational cash flow and liquid investments.
Stability Factors:
Principal Lines of Business:
Fin guar/surety (61.1%), product liab. (2.9%), med mal (2.0%), other (34.0%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (96.2%), cash (0.1%), other (3.6%)
Corporate Info
Group Affiliation
Berkshire Hathaway Inc
Investment Rating
--
Company Address
1600 Aspen Commons
Middleton, WI 53562
Middleton, WI 53562
Phone Number
(608) 829-4200
NAIC Number
18619
Website
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