Wellfleet Ins Co
Major Rating Factors:
Good overall profitability index (6.2 on a scale of 0 to 10) despite operating losses during 2020, 2021 and 2022. Return on equity has been low, averaging 1.8% over the past five years. Good overall results on stability tests (6.2) despite. Other stability subfactors include potentially strong support from affiliation with Berkshire Hathaway Inc, good operational trends and excellent risk diversification. 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.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (14.5%), other (85.5%)
Licensed in:
All states except NY
Principal Investments:
Investment grade bonds (61.6%), cash (4.5%), other (33.9%)
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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