B
NATIONAL INDEMNITY CO
OmahaIL
Rating Date
December 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
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Capital
Net
Premiums
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Major Rating Factors: Fair overall results on stability tests (3.8 on a scale of 0 to 10) including weak results on operational trends. The largest net exposure for one risk is high at 3.5% of capital. History of adequate reserve strength (5.0) as reserves have been consistently at an acceptable level.
Other Rating Factors: Good overall profitability index (6.9). Good expense controls. Return on equity has been fair, averaging 5.8% over the past five years. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors: T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Personal/comm auto (71.8%), fin guar/surety (5.3%), other (23.0%)
Licensed in: All states except PR
Principal Investments: Common stock (75.4%), investment grade bonds (4.3%), preferred stock (2.8%), cash (0.5%), non investment grade bonds (0.2%), other (16.8%)
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2-Year Reserve Development
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Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
Berkshire-Hathaway
Investment Rating
--
Company Address
1314 Douglas Street Suite 1400
OMAHA, NE 68102
Phone Number
(414) 369-5033
NAIC Number
20087
Largest Affiliates
Weiss Ratings