Major Rating Factors:
Good overall results on stability tests (6.4 on a scale of 0 to 10) despite. Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent profitability index (7.1) with operating gains in each of the last five years.
Other Rating Factors:
Superior liquidity (9.2) with ample operational cash flow and liquid investments. Fair reserve development (4.7) as reserves have generally been sufficient to cover claims. In 2022 the two year reserve development was 19.5% deficient.
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:
Homeowners (13.4%), personal/comm auto (9.8%), fire (7.6%), comm multi (4.4%), work comp (0.9%), other (64.0%)
Licensed in:
All states except HI, also licensed in Canada, GU, PR
Principal Investments:
Common stock (63.8%), investment grade bonds (29.7%), cash (0.9%), other (5.6%)
Corporate Info
Group Affiliation
Berkshire Hathaway Inc
Investment Rating
--
Company Address
400 Atlantic Street
Stamford, CT 06901
Stamford, CT 06901
Phone Number
(203) 328-5000
NAIC Number
22039
Website
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