AM Best confirms credit ratings of National Indemnity Company and its subsidiaries

AM Best confirmed the financial strength rating (FSR) of A ++ (superior) and the long-term issuer credit rating (long-term ICR) of “aaa” (superior) of National Compensation Company (Omaha, NE) and its affiliates (collectively referred to as National Indemnity). These companies are subsidiaries of Berkshire Hathaway Inc. (Berkshire) [NYSE: BRK A and BRK B]. The outlook for these credit ratings (ratings) is stable.

National Indemnity’s ratings reflect the strength of its balance sheet, which AM Best considers to be the strongest, as well as its very good operational performance, very favorable business profile and appropriate enterprise risk management (ERM).

The National Indemnity leadership team continues to successfully manage the underwriting cycle. The group’s overall operating results have outperformed AM Best’s reinsurance composite, as measured by a wide range of profitability measures, over an extended period of time. National Indemnity maintains extensive financial resources and expertise which places the company in a strong position to seize unique market opportunities and occasionally absorb declines in surplus, typically related to temporary unrealized investment losses. In addition, Berkshire offers substantial financial flexibility, diversification and long-term competitive advantages associated with its non-insurance business. Additionally, the ratings reflect the benefits of being a part of Berkshire, which includes the organization’s strong investment sense.

National Indemnity’s exposure to higher levels of equity investments compared to other market players partially offsets these strengths. These higher levels of equity investments can cause volatility in the profitability and capitalization of the group; however, AM Best’s concern is somewhat mitigated by the superior long-term performance of the group’s investment portfolio and its high liquidity.

The FSR of A ++ (Superior) and the long-term KPIs of “aaa” (Superior) were confirmed for National Compensation Company and its following subsidiaries:


  • Colombia Insurance Company
  • National fire and marine insurance company
  • National civil liability and fire insurance company
  • National Indemnity Company of Mid-America
  • National Compensation Company from South
  • Berkshire Hathaway Specialty Insurance Company
  • Berkshire Hathaway Insurance Company Direct

This press release relates to credit ratings published on the AM Best website. For all rating information relating to the posting and relevant disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this post, please see AM Best’s Recent Rating Activity webpage. . For more information on the use and limitations of credit rating reviews, please see Best’s Guide to Credit Ratings. For more information on the proper use of Best Credit Ratings, Best Preliminary Credit Ratings, and AM Best press releases, please see the Guide to Appropriate Use of Best Ratings and Reviews.

AM Best is a global credit rating agency, news publisher, and data analytics provider specializing in the insurance industry. Based at United States, the company operates in more than 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico. For more information, visit

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Gregory Dickerson
Associate Director

+1 908 439 2200, ext. 5161

[email protected]

Christophe sharkey
Manager, Public Relations

+1 908 439 2200, ext. 5159

[email protected]

Carlos wong-fupuy

Senior director

+1 908 439 2200, ext. 5344

[email protected]

Jim peavy
Director, Communications

+1 908 439 2200, ext. 5644

[email protected]

Source: AM Best

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