Major Rating Factors:
Good liquidity (6.8 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (8.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent profitability index (7.7). Excellent expense controls.
Other Rating Factors:
Excellent overall results on stability tests (8.8). Stability strengths include excellent operational trends and excellent risk diversification. Fair reserve development (4.5) as reserves have generally been sufficient to cover claims. In 2024 the two year reserve development was 16.0% deficient.
Stability Factors:
Principal Lines of Business:
Personal/comm auto (98.3%), other (1.7%)
Licensed in:
All states
Principal Investments:
Common stock (91.5%), investment grade bonds (7.7%), real estate (0.1%), other (0.7%)
Corporate Info
Group Affiliation
Berkshire Hathaway Inc
Investment Rating
--
Company Address
7272 Wisconsin Avenue
Bethesda, MD 20814
Bethesda, MD 20814
Phone Number
(800) 841-3000
NAIC Number
22063
Website
Largest Affiliates