Major Rating Factors:
Good overall results on stability tests (5.3 on a scale of 0 to 10) despite excessive premium growth. Other stability subfactors include potentially strong support from affiliation with Berkshire Hathaway Inc, good operational trends and excellent risk diversification. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair profitability index (4.6) with operating losses during 2023 and 2024.
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. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Personal/comm auto (99.0%), work comp (0.6%), other (0.4%)
Licensed in:
AR, AZ, CO, FL, GA, IL, KY, MD, MO, NE, NV, OK, OR, PA, SC, TN, TX, WA
Principal Investments:
Investment grade bonds (66.5%), cash (33.5%)
Corporate Info
Group Affiliation
Berkshire Hathaway Inc
Investment Rating
--
Company Address
7900 East Union Avenue
Denver, CO 80237
Denver, CO 80237
Phone Number
(402) 393-7255
NAIC Number
35939
Website
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