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 (7.0) that can protect against increases in claims costs. Superior liquidity (9.1) with ample operational cash flow and liquid investments.
Other Rating Factors:
Excellent overall results on stability tests (7.3). Stability strengths include excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.8% of capital. Good overall profitability index (6.3) despite operating losses during 2022.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Fire (11.3%), personal/comm auto (1.8%), homeowners (1.5%), fin guar/surety (1.4%), med mal (1.3%), comm multi (0.4%), farmowners (0.3%), work comp (0.1%), other (81.9%)
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 (82.2%), common stock (13.0%), cash (1.2%), non investment grade bonds (0.2%), other (3.3%)
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