Major Rating Factors:
History of adequate reserve strength (6.4 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall profitability index (5.5) despite operating losses during 2020 and 2021. Return on equity has been low, averaging 3.4% over the past five years. Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Superior liquidity (9.4) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.5). Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.1% of capital.
Stability Factors:
Principal Lines of Business:
Personal/comm auto (25.1%), work comp (12.5%), med mal (3.5%), fire (0.9%), comm multi (0.8%), fin guar/surety (0.5%), other (56.7%)
Licensed in:
All states and Canada
Principal Investments:
Investment grade bonds (62.2%), common stock (33.5%), cash (2.4%), other (1.9%)
Corporate Info
Group Affiliation
Berkshire Hathaway Inc
Investment Rating
--
Company Address
1314 Douglas Street
Omaha, NE 68102
Omaha, NE 68102
Phone Number
(402) 916-3000
NAIC Number
20052
Website
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