Major Rating Factors:
Strong long-term capitalization index (10.0 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 (9.2) that helps to protect the company against sharp claims increases. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Other Rating Factors:
Good profitability index (5.0) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 2.1% over the past five years. Good overall results on stability tests (6.9) despite negative cash flow from operations for 2024. Stability strengths include good operational trends and excellent risk diversification.
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:
Med mal (98.8%), personal/comm auto (0.1%), other (1.1%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (64.1%), common stock (34.0%), cash (0.4%), other (1.6%)
Corporate Info
Group Affiliation
Berkshire Hathaway Inc
Investment Rating
--
Company Address
21 Roszel Road
Princeton, NJ 08540
Princeton, NJ 08540
Phone Number
(609) 452-9404
NAIC Number
42226
Largest Affiliates