GOVERNMENT EMPLOYEES INS CO
Major Rating Factors:
Good overall results on stability tests (5.1 on a scale of 0 to 10) despite potential drain of affiliation with Berkshire-Hathaway and weak results on operational trends. History of adequate reserve strength (5.6) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good overall profitability index (6.0). Excellent expense controls. Return on equity has been fair, averaging 5.3% over the past five years. Good liquidity (6.3) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (8.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (97.4%), other (2.6%)
Licensed in:
All states except PR
Principal Investments:
Common stock (90.3%), investment grade bonds (8.8%), real estate (0.3%), other (0.6%)
Corporate Info
Group Affiliation
Berkshire-Hathaway
Investment Rating
--
Company Address
3555 Farnam Street Suite 1440
OMAHA, NE 68131
OMAHA, NE 68131
Phone Number
(301) 986-2669
NAIC Number
22063
Website
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