Major Rating Factors:
Fair overall results on stability tests (4.1 on a scale of 0 to 10) including weak results on operational trends. The largest net exposure for one risk is conservative at 1.2% of capital. History of adequate reserve strength (5.8) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good overall profitability index (5.6) with small operating losses during 2020. Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.7) with ample operational cash flow and liquid investments.
Stability Factors:
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 (13.6%), fire (8.4%), comm multi (5.0%), homeowners (3.0%), personal/comm auto (2.6%), fin guar/surety (0.4%), product liab. (0.2%), other (66.7%)
Licensed in:
All states, the District of Columbia and Puerto Rico
Principal Investments:
Common stock (65.0%), investment grade bonds (26.0%), non investment grade bonds (1.2%), cash (0.8%), preferred stock (0.4%), other (6.5%)
Corporate Info
Group Affiliation
Berkshire-Hathaway
Investment Rating
--
Company Address
1314 Douglas Street Suite 1400
OMAHA, NE 68102
OMAHA, NE 68102
Phone Number
(414) 369-5033
NAIC Number
20079
Website
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