Berkshire Hathaway Life Insurance Company of Nebraska (Nebraska): Contacts, Services, Financials, Claims, Reviews and Benefits

Berkshire Hathaway Life Insurance Company of Nebraska (BH Life) operates as a life insurance firm based in Omaha, Nebraska. It’s a part of Berkshire Hathaway, a huge global holding company.

BH Life offers top-notch insurance and reinsurance products and services to people and businesses around the world.

An image illustration of Berkshire Hathaway Life Insurance Company of Nebraska (Nebraska)
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Berkshire Hathaway Life Insurance Company of Nebraska (Nebraska)

Berkshire Hathaway Life Insurance Company of Nebraska (BHLN) leads in offering life insurance and reinsurance to people and businesses globally.

It’s a part of Berkshire Hathaway, one of the world’s biggest holding companies.

BHLN stands out for its strong finances and stability, boasting an A++ (superior) rating from A.M. Best and an AA+ (very strong) rating from Standard & Poor’s.

This indicates BHLN’s ability to fulfill its financial commitments to policyholders, even in significant economic challenges.

Contact Details

Address Phone Number
1314 Douglas St, Omaha, NE, 68102 (402) 916-3100

Services and Products

Berkshire Hathaway Life Insurance Company of Nebraska (BHLN) serves individuals and businesses globally with a variety of services and products, including:

  1. Individual Life Insurance:
  2. Group Life Insurance:
  3. Reinsurance:

Financial Stability and Ratings

BHLN boasted a robust financial performance in 2022, with a profit-driven stance.

The company raked in $651 million in direct premiums and disbursed $358 million in direct losses.

Notably, BHLN’s underwriting ratio, a key measure of profitability from underwriting activities, stood at 54.8%, signifying that for every $1.00 spent on claims and expenses, the company earned $1.85.

BHLN’s financial strength extended to its capital base, finishing 2022 with a total equity of $12.3 billion and total assets amounting to $16.7 billion.

This solid financial foundation positions BHLN securely to weather unforeseen losses or economic downturns.

In essence, BHLN is a financially sound and lucrative enterprise, as evidenced by its successful track record.

With its substantial financial reserves and profitable operations, the company is well-equipped to continue thriving and expanding in the future.

To sum up BHLN’s 2022 financials:

  • Direct premium written: $651 million
  • Direct losses paid: $358 million
  • Underwriting ratio: 54.8%
  • Total equity: $12.3 billion
  • Total assets: $16.7 billion

Claims, Cancellations and Renewals

Claims

Berkshire Hathaway Life Insurance Company of Nebraska (BHLN) actively maintains a robust record of promptly and fairly settling claims. In 2022, BHLN disbursed $358 million in direct losses.

The company boasts a remarkable claims satisfaction rating of 98%, indicating that 98% of its policyholders express contentment with the handling of their claims.

Cancellations and Renewals with Berkshire Hathaway Life Insurance Company of Nebraska (Nebraska)

BHLN upholds a low cancellation rate, standing at 6% in 2022. This signifies that a substantial 94% of BHLN’s policyholders chose to renew their policies that year.

Furthermore, BHLN achieved a commendable renewal rate of 95% in 2022.

This implies that 95% of eligible policyholders opted to renew their policies, showcasing a strong commitment to customer retention.

In summary, BHLN exhibits a commendable claims record, coupled with a low cancellation rate and a high renewal rate.

These indicators underscore the company’s effective responsiveness to the needs of its policyholders.

Additional details on BHLN’s performance in 2022:

Customer Reviews

Berkshire Hathaway Life Insurance Company of Nebraska (BHLN) receives a varied customer satisfaction rating.

On the Better Business Bureau, 26 customer reviews contribute to a 2.3 out of 5-star rating. Meanwhile, on Google Maps, based on 13 customer reviews, BHLN holds a rating of 3.3 out of 5 stars.

Community Involvement

Berkshire Hathaway Life Insurance Company of Nebraska (BHLN) actively commits to giving back to the communities where it operates. The company provides support to various charitable organizations and initiatives, covering:

Education: BHLN backs educational programs, offering scholarships to students in need, funding early childhood education, and supporting STEM education.

Health and Human Services: BHLN aids health and human services organizations, including food banks, homeless shelters, and those addressing domestic violence and child abuse.

Arts and Culture: BHLN supports arts and cultural institutions such as museums, theaters, and music venues.

Economic Development: BHLN contributes to economic development through initiatives like job training programs and support for small businesses.

Specific examples of BHLN’s community involvement include:

  • BHLN donated $1 million in 2022 to the Omaha Public Schools Foundation, supporting early childhood education programs.
  • BHLN employees raised over $1 million for the United Way of the Midlands in 2022 through an annual campaign.
  • BHLN supports various arts and cultural organizations in Omaha, such as the Joslyn Art Museum, the Omaha Symphony, and the Omaha Community Playhouse.

In addition to local efforts, BHLN extends its support to national and international charities like the American Red Cross and the Salvation Army.

Benefits of Choosing Berkshire Hathaway Life Insurance Company of Nebraska (Nebraska)

  1. Financial Strength and Stability:
    • A++ (superior) rating from A.M. Best and an AA+ (very strong) rating from Standard & Poor’s
    • Ensures the ability to fulfill financial obligations, even during major economic downturns.
  2. Wide Range of Products and Services:
  3. Experienced and Knowledgeable Team:
    • Boasts a team of dedicated professionals with extensive experience and knowledge.
    • Assists customers in finding the right life insurance, reinsurance, and structured settlement products.
  4. Commitment to Customer Service:
  5. Community Involvement:
    • Actively contributes to the well-being of the communities where it operates.
    • Supports various charitable organizations and initiatives, showcasing a commitment to social responsibility.

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