Major Rating Factors:
Strong long-term capitalization index (7.3 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (8.1) that helps to protect the company against sharp claims increases. Superior liquidity (9.7) with ample operational cash flow and liquid investments.
Other Rating Factors:
Excellent overall results on stability tests (7.2). Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.2% of capital. Fair profitability index (3.8) with operating losses during 2019, 2020, 2021 and 2023. Average return on equity over the last five years has been poor at -1.3%.
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:
Fire (13.7%), other (86.3%)
Licensed in:
CA, DE, NE, NY, PA
Principal Investments:
Common stock (83.3%), investment grade bonds (10.8%), cash (5.9%)
Corporate Info
Group Affiliation
Berkshire Hathaway Inc
Investment Rating
--
Company Address
1190 Devon Park Drive
Wayne, PA 19087
Wayne, PA 19087
Phone Number
(844) 438-6775
NAIC Number
14420
Website
Largest Affiliates