Wellfleet Ins Co
Major Rating Factors:
Good overall profitability index (5.1 on a scale of 0 to 10) despite operating losses during 2021 and 2022. Good overall results on stability tests (6.8) despite. Other stability subfactors include potentially strong support from affiliation with Berkshire Hathaway Inc, good operational trends and excellent risk diversification. Fair liquidity (3.7) as cash resources may not be adequate to cover a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (7.0) that can protect against increases in claims costs.
Stability Factors:
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
Principal Lines of Business:
Work comp (8.7%), other (91.3%)
Licensed in:
All states except NY
Principal Investments:
Investment grade bonds (17.7%), cash (2.9%), other (79.4%)
Corporate Info
Group Affiliation
Berkshire Hathaway Inc
Investment Rating
--
Company Address
5814 Reed Road
Fort Wayne, IN 46835
Fort Wayne, IN 46835
Phone Number
(260) 485-9622
NAIC Number
32280
Website
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