B
Wellfleet New York Ins Co
Rating Date
June 2026
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: History of adequate reserve strength (5.4 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2024. Excellent overall results on stability tests (7.4). Strengths include potentially strong support from affiliation with Berkshire Hathaway Inc, excellent operational trends and excellent risk diversification.
Other Rating Factors: Weak profitability index (2.8) with operating losses during 2022, 2023, 2024 and 2025. Vulnerable liquidity (2.8) as a spike in claims may stretch capacity.
Stability Factors: C - Past results on our Risk-Adjusted Capital tests. G - Fast asset or premium growth. L - Past results on our liquidity tests.
Principal Lines of Business: Work comp (49.6%), other (50.4%)
Licensed in: All states
Principal Investments: Investment grade bonds (7.6%), cash (2.2%), other (90.2%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
Berkshire Hathaway Inc
Investment Rating
--
Company Address
5814 Reed Road
Fort Wayne, IN 46835
Phone Number
(260) 485-9622
NAIC Number
20931
Largest Affiliates
A
Omaha, NE - P&C
B
B
Omaha, NE - P&C
A
Stamford, CT - P&C