Major Rating Factors:
Good long-term capitalization index (6.1 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2023. History of adequate reserve strength (5.4) as reserves have been consistently at an acceptable level. Good overall profitability index (5.5) despite operating losses during 2023. Return on equity has been good over the last five years, averaging 18.7%.
Other Rating Factors:
Good overall results on stability tests (6.0) despite fair risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is acceptable at 2.3% of capital. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (55.5%), comm multi (3.5%), homeowners (2.6%), fin guar/surety (2.2%), personal/comm auto (2.0%), med mal (0.9%), product liab. (0.7%), fire (0.5%), farmowners (0.2%), other (31.8%)
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 (60.0%), common stock (13.5%), cash (0.2%), other (26.3%)
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