Business Wire·Nov 6, 2026, 4:46 PM ET

AM Best Affirms Credit Ratings of Central States Indemnity Co. of Omaha and Its Subsidiary

BRK

AM Best affirmed Central States Indemnity Co. of Omaha (CSI) & its subsidiary CSI Life Insurance Company with an A+ (Superior) Financial Strength Rating & "aa-" (Superior) Long-Term Issuer Credit Rating.
The outlook for both ratings is stable.
CSI & CSI Life are domiciled in Omaha, NE, & demonstrate strongest balance sheet strength, adequate operating performance, limited business profile, & appropriate enterprise risk management.
CSI maintains risk-adjusted capitalization at the strongest level per the Best's Capital Adequacy Ratio (BCAR), benefits from conservative underwriting leverage, above-average liquidity, & implicit support from parent company Berkshire Hathaway Inc.
CSI's investment portfolio includes elevated common stock leverage that may cause surplus volatility, though reserves are fully backed by cash & short-term investments.
Investment income has comprised the bulk of total earnings over the last 10 years.
CSI now writes more non-credit insurance premiums grossly than its traditional credit insurance business, with most gross premiums derived from long-term fronting agreements.
As a specialty insurer offering credit card credit insurance & holding fronting agreements with multiple carriers, CSI mitigates business concentration risks through the Berkshire brand name, implicit support, & formal access to Berkshire's enterprise risk management structure.
CSI operates its own management program to control company-specific risks in addition to utilizing Berkshire's resources.