Major Rating Factors:
Strong long-term capitalization index (8.7 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Superior liquidity (9.3) with ample operational cash flow and liquid investments.
Other Rating Factors:
Excellent overall results on stability tests (7.7). Stability strengths include good operational trends and excellent risk diversification. Good overall profitability index (5.5) despite operating losses during 2020 and 2021. Return on equity has been low, averaging 3.5% over the past five years.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Fire (24.1%), med mal (8.5%), product liab. (1.2%), other (66.2%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (78.3%), common stock (21.5%), other (0.2%)
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
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Corporate Info
Group Affiliation
Berkshire Hathaway Inc
Investment Rating
--
Company Address
400 Atlantic Street
Stamford, CT 06901
Stamford, CT 06901
Phone Number
(203) 328-5700
NAIC Number
37362
Website
Largest Affiliates