A.M. Best Affirms Credit Ratings of Berkshire Hathaway Homestate Insurance Company and Its Affiliates
The ratings reflect Berkshire Hathaway Homestate Insurance Company’s balance sheet strength, which
The ratings also reflect BHHC’s strong risk-adjusted capitalization, historically profitable operating performance and the executive team’s successful track record in managing operations. Additionally, the ratings acknowledge the group’s consistent underwriting, aggressive claims management and a history of conservative loss reserving standards. Lastly, the ratings consider the additional financial flexibility and support provided by the group’s publicly traded parent and ultimate shareholder, Berkshire Hathaway Inc. [
The positive rating factors are offset somewhat by challenging market conditions and its business profile, which is concentrated in the workers’ compensation line, primarily in
While the group is well-positioned at the current rating level, negative rating actions could result if operating performance falls markedly short of A.M. Best’s expectations, if there is considerable deterioration in risk-adjusted capitalization, or if
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and
For more information, visit www.ambest.com.
Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
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