Major Rating Factors:
Fair overall results on stability tests (4.6 on a scale of 0 to 10) including weak results on operational trends. Strengths include potentially strong support from affiliation with Berkshire Hathaway Inc. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Ample reserve history (8.3) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (8.8) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 10.9%. Superior liquidity (9.0) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (33.0%), med mal (5.0%), product liab. (0.9%), other (61.1%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (83.6%), other (16.4%)
Corporate Info
Group Affiliation
Berkshire Hathaway Inc
Investment Rating
--
Company Address
945 East Paces Ferry Road, NE
Atlanta, GA 30326
Atlanta, GA 30326
Phone Number
(404) 231-2366
NAIC Number
33138
Website
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