B
NATIONAL INDEMNITY CO
Omaha, NE
Data as of
September 30, 2020
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
1.90
Risk Adjusted
Capital Ratio #2
1.56
Loss
Ratio
81.00%
Total
Assets
296.65B
Capital
173.52B
Net
Premiums
22.44B
Net
Income
5.57B
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Major Rating Factors: Fair overall results on stability tests (4.0 on a scale of 0 to 10) including potential drain of affiliation with Berkshire-Hathaway. History of adequate reserve strength (6.0) as reserves have been consistently at an acceptable level.
Other Rating Factors: Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent profitability (7.8) with operating gains in each of the last five years.
Stability Factors: T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Personal/comm auto (82.7%), fin guar/surety (3.4%), other (13.9%)
Licensed in: All states except PR
Principal Investments: Common stock (69.6%), investment grade bonds (7.9%), preferred stock (0.6%), cash (0.6%), other (21.2%)
Ratios
Premium to Surplus
16.1%
Reserve to Surplus
21.2%
1-Year Reserve Development
-0.8%
2-Year Reserve Development
0.9%
Expense Ratio
20.6%
Combined Ratio
101.6%
Cash From Underwriting
114.3%
Net Premium Growth
-3.5%
Investments in Affiliates
22.5%
Corporate Info
Group Affiliation
Berkshire-Hathaway
Investment Rating
--
Company Address
1314 Douglas Street Suite 1400
Omaha, NE 68102
Phone Number
(402) 916-3000
NAIC Number
20087
Largest Affiliates
B
CHEVY CHASE, MD - P&C
C
Omaha, NE - P&C
C
WILMINGTON, DE - P&C
Weiss Ratings