Major Rating Factors:
Fair reserve development (4.9 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2022 the two year reserve development was 19.5% deficient. Good overall results on stability tests (6.9) despite. Stability strengths include good operational trends and excellent risk diversification. Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Excellent profitability index (7.8) with operating gains in each of the last five years. Superior liquidity (9.6) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (13.9%), homeowners (11.1%), fire (7.2%), comm multi (5.1%), work comp (0.8%), other (61.9%)
Licensed in:
All states except HI, also licensed in Canada, GU, PR
Principal Investments:
Common stock (62.5%), investment grade bonds (31.6%), cash (0.7%), other (5.2%)
Corporate Info
Group Affiliation
Berkshire Hathaway Inc
Investment Rating
--
Company Address
400 Atlantic Street
Stamford, CT 06901
Stamford, CT 06901
Phone Number
(203) 328-5000
NAIC Number
22039
Website
Largest Affiliates