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AM Best Affirms Credit Ratings of United States Liability Insurance Company and Its Subsidiaries

  • AM Best affirmed the A++ Financial Strength Rating & aa+ Long-Term Issuer Credit Rating for United States Liability Insurance Company (USLI) & its subsidiaries: Mount Vernon Fire Insurance Company; U.S. Underwriters Insurance Company; Mount Vernon Specialty Insurance Company; & Radnor Specialty Insurance Company.
  • The outlook for these credit ratings is stable.
  • All companies are domiciled in Omaha, NE, unless otherwise specified.
  • Ratings reflect the insurance operating companies' consolidated balance sheet strength, which AM Best assesses as strongest, along with very strong operating performance, a neutral business profile, & appropriate enterprise risk management.
  • Assessments highlight USLI's long record of profitable underwriting & investment returns, strongest risk-adjusted capital position, relevant market presence, & conservative reserve positions.
  • Positive factors include high diversification in books of business, concentration limits, sales channels, rate flexibility, proactive claims management, & commitment to customer service.
  • Ratings benefit from implicit support by ultimate parent Berkshire Hathaway Inc. & explicit support from affiliate National Indemnity Company (NICO), a Berkshire subsidiary.
  • Explicit support involves significant reinsurance agreements with NICO, while implicit support includes investment management services & enterprise risk management supervision provided by Berkshire.
  • Berkshire maintains a long-term history of supporting its subsidiaries.
  • The press release relates to credit ratings published on AM Best's website, with further details available on their Recent Rating Activity web page & Guides to Best's Credit Ratings.