Major Rating Factors:
Good overall profitability index (6.2 on a scale of 0 to 10) despite operating losses during 2020 and 2021. Return on equity has been low, averaging 4.6% over the past five years. Good overall results on stability tests (6.8) despite. Stability strengths include good operational trends and excellent risk diversification. Strong long-term capitalization index (8.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (40.5%), work comp (17.6%), med mal (4.3%), fin guar/surety (1.4%), fire (1.1%), comm multi (0.3%), other (34.9%)
Licensed in:
All states and Canada
Principal Investments:
Investment grade bonds (57.1%), common stock (35.4%), cash (3.3%), other (4.2%)
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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