Major Rating Factors:
Weak overall results on stability tests (0.4 on a scale of 0 to 10) including weak results on operational trends. The largest net exposure for one risk is excessive at 25.9% of capital. Fair profitability index (3.4). Weak expense controls. Return on equity has been fair, averaging 9.2% over the past five years.
Other Rating Factors:
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. Ample reserve history (7.3) 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:
Fin guar/surety (100.0%)
Licensed in:
All states, the District of Columbia and Puerto Rico
Principal Investments:
Investment grade bonds (74.0%), common stock (16.5%), preferred stock (5.5%), other (4.0%)
Corporate Info
Group Affiliation
Berkshire-Hathaway
Investment Rating
--
Company Address
Empire State Building Suite 42
NEW YORK, NY 10118
NEW YORK, NY 10118
Phone Number
(414) 369-5033
NAIC Number
13070
Website
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