Major Rating Factors:
Strong long-term capitalization index (9.0 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 (9.5) that helps to protect the company against sharp claims increases. Excellent overall profitability index (7.0) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 13.4%.
Other Rating Factors:
Superior liquidity (9.6) with ample operational cash flow and liquid investments. Good overall results on stability tests (6.2) despite negative cash flow from operations for 2023.
Stability Factors:
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (26.9%), comm multi (3.8%), med mal (2.8%), product liab. (0.8%), other (65.6%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (88.2%), common stock (7.6%), other (4.2%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
Berkshire Hathaway Inc
Investment Rating
--
Company Address
945 East Paces Ferry Road, NE
Atlanta, GA 30326
Atlanta, GA 30326
Phone Number
(404) 231-2366
NAIC Number
22314
Website
Largest Affiliates