Major Rating Factors:
Fair profitability index (4.3 on a scale of 0 to 10) with operating losses during 2019, 2020 and 2021. Return on equity has been low, averaging 0.1% over the past five years. 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.
Other Rating Factors:
Superior liquidity (9.3) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.7). Strengths include potentially strong support from affiliation with Berkshire Hathaway Inc, good operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Med mal (99.0%), other (1.0%)
Licensed in:
CT, DE, MA, ME, NJ, NY, PA, RI, VT
Principal Investments:
Investment grade bonds (179.4%), cash (4.6%), common stock (1.0%), non investment grade bonds (0.2%)
Corporate Info
Group Affiliation
Berkshire Hathaway Inc
Investment Rating
--
Company Address
Two Park Avenue
New York, NY 10016
New York, NY 10016
Phone Number
(212) 576-9801
NAIC Number
34231
Website
Largest Affiliates