Major Rating Factors:
Fair overall results on stability tests (3.2 on a scale of 0 to 10). Good quality investment portfolio (5.8) despite mixed results such as: no exposure to mortgages and substantial holdings of BBB bonds but minimal holdings in junk bonds. Weak profitability (2.7) with investment income below regulatory standards in relation to interest assumptions of reserves.
Other Rating Factors:
Strong capitalization (10.0) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (7.0).
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
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Licensed in:
MO, NE, NY
Investments
Invested Assets
Cash
CMO & Structured Securities
Other Investment Grade Bonds
Non-Investment Grade Bonds
Common & Preferred Stock
Mortgages in Good Standing
Non-Performing Mortgages
Real Estate
Other Investments
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Investments in Affiliates
Corporate Info
Group Affiliation
Berkshire-Hathaway
Investment Rating
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Company Address
Marine Air Terminal LaGuardia
NEW YORK, NY 10118
NEW YORK, NY 10118
Phone Number
(402) 916-3000
NAIC Number
11591
Largest Affiliates