Major Rating Factors:
Strong long-term capitalization index (7.8 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. Excellent profitability index (7.4) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 14.3%. Superior liquidity (9.4) with ample operational cash flow and liquid investments.
Other Rating Factors:
History of adequate reserve strength (6.3) as reserves have been consistently at an acceptable level. Good overall results on stability tests (5.7) despite negative cash flow from operations for 2024. The largest net exposure for one risk is high at 3.0% of capital. Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (45.8%), med mal (4.4%), comm multi (3.3%), fire (3.3%), work comp (1.7%), homeowners (1.4%), fin guar/surety (0.6%), product liab. (0.1%), other (39.3%)
Licensed in:
All states except MA, NJ, NY
Principal Investments:
Common stock (70.4%), investment grade bonds (19.8%), preferred stock (2.2%), non investment grade bonds (0.8%), cash (0.2%), other (6.6%)
Corporate Info
Group Affiliation
Berkshire Hathaway Inc
Investment Rating
--
Company Address
1314 Douglas Street
Omaha, NE 68102
Omaha, NE 68102
Phone Number
(402) 916-3000
NAIC Number
20087
Website
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