B
GEICO Marine Ins Co
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
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Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Good overall results on stability tests (5.7 on a scale of 0 to 10) despite excessive premium growth and weak risk adjusted capital in prior years. Other stability subfactors include potentially strong support from affiliation with Berkshire Hathaway Inc, good operational trends and excellent risk diversification. Fair reserve development (4.6) as reserves have generally been sufficient to cover claims. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2020.
Other Rating Factors: Excellent liquidity (7.0) with ample operational cash flow and liquid investments. Weak profitability index (1.9) with operating losses during 2020 and 2023. Return on equity has been low, averaging 0.5% over the past five years.
Stability Factors: D - Limited diversification of general business, policy, and/or investment risk. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Personal/comm auto (36.1%), other (63.9%)
Licensed in: All states
Principal Investments: Cash (24.9%), investment grade bonds (15.5%), other (59.6%)
Ratios
Premium to Surplus
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Reserve to Surplus
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1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
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Combined Ratio
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Cash From Underwriting
Net Premium Growth
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Investments in Affiliates
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Corporate Info
Group Affiliation
Berkshire Hathaway Inc
Investment Rating
--
Company Address
5323 Port Royal Road
Springfield, VA 22151
Phone Number
(703) 823-9550
NAIC Number
37923
Largest Affiliates
A
Omaha, NE - P&C
B
Chevy Chase, MD - P&C
B
Omaha, NE - P&C
B
Stamford, CT - P&C