Major Rating Factors:
Fair profitability index (4.7 on a scale of 0 to 10) with operating losses during 2020 and 2021. Return on equity has been low, averaging 1.2% over the past five years. Good overall results on stability tests (6.8) despite. Other stability subfactors include potentially strong support from affiliation with Berkshire Hathaway Inc, good operational trends and excellent risk diversification. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. 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:
Med mal (98.9%), other (1.1%)
Licensed in:
CT, DE, MA, ME, NJ, NY, PA, RI, VT
Principal Investments:
Investment grade bonds (172.6%), cash (4.5%), common stock (1.1%)
Corporate Info
Group Affiliation
Berkshire Hathaway Inc
Investment Rating
--
Company Address
Two Park Avenue
New York, NY 10016
New York, NY 10016
Phone Number
(212) 576-9801
NAIC Number
34231
Website
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