Major Rating Factors:
Strong long-term capitalization index (8.2 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. Ample reserve history (9.9) that helps to protect the company against sharp claims increases. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Other Rating Factors:
Good overall profitability index (5.9) despite operating losses during 2022. Return on equity has been fair, averaging 6.5% over the past five years. Good overall results on stability tests (6.2) despite. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.8% of capital.
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:
Fire (10.9%), personal/comm auto (6.7%), med mal (1.4%), homeowners (1.3%), fin guar/surety (1.2%), comm multi (1.0%), farmowners (0.2%), other (77.4%)
Licensed in:
All states except AL, HI, MA, MD, ME, MO, MT, NC, ND, NE, NH, OR, RI, TN, VA, VT, WY, also licensed in Canada, GU, PR
Principal Investments:
Investment grade bonds (82.5%), common stock (13.0%), cash (0.8%), non investment grade bonds (0.2%), other (3.5%)
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
19453
Website
Largest Affiliates