Major Rating Factors:
History of adequate reserve strength (5.9 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall profitability index (5.7) despite operating losses during 2023. Good overall results on stability tests (6.9) despite fair risk adjusted capital in prior years. The largest net exposure for one risk is acceptable at 2.2% of capital.
Other Rating Factors:
Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2023. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
Principal Lines of Business:
Work comp (55.6%), comm multi (3.4%), homeowners (3.4%), personal/comm auto (2.1%), fin guar/surety (2.0%), med mal (1.0%), fire (0.8%), product liab. (0.7%), farmowners (0.2%), other (30.9%)
Licensed in:
All states except AK, AL, CA, DC, DE, FL, IL, KY, LA, MD, ME, MI, MT, ND, NJ, OH, TX, UT, VT, WA, WI, WY
Principal Investments:
Investment grade bonds (68.5%), common stock (13.6%), other (18.0%)
Corporate Info
Group Affiliation
Markel Group Inc
Investment Rating
Company Address
13815 FNB Parkway
Omaha, NE 68154
Omaha, NE 68154
Phone Number
(847) 572-6387
NAIC Number
27626
Website
Largest Affiliates