The story begins in 1940 with two entrepreneurial brothers and a two room office in Omaha, Nebraska. Arthur and Jack Ringwalt founded National Indemnity Company as a specialty insurance firm, a four employee operation (including President Jack Ringwalt) that wrote liability insurance on taxis. Their payroll and Their scope of service has blossomed since then, but They still adhere to the Ringwalts' founding principles: that there is a proper rate for every legitimate risk and that such “risky” classes as long-haul trucks, taxis, rental cars, and public buses should not be arbitrarily rejected. National Indemnity Company is, today, one of the leading property/casualty members of the Berkshire Hathaway group of insurance companies. Stock control changed from founder Jack Ringwalt to Berkshire Hathaway Inc. in March of 1967. In the 2004 Berkshire Hathaway Annual Report, Warren E. Buffett, Chairman, wrote, “Indeed, had They not made this acquisition [National Indemnity Company], Berkshire would be lucky to be worth half of what it is today.” In addition to its insurance operations, Berkshire Hathaway also has holdings in retail stores, newspapers, and other businesses. In 1985, National Indemnity Company evolved further, launching its Specialty Risk Division (now known as Professional Liability & Specialty Risks Division). An ad, placed in the Business Insurance, featured the headline, “Berkshire Hathaway wants to see property/casualty risks where the premium is $1,000,000 or more.” This operation began in the Omaha office and eventually moved to Connecticut with the company's reinsurance division. The National Indemnity group of insurance companies has traditionally conducted its non-reinsurance business nationwide relying on a network of more than 100 contracted general agents. Independent (or “producing”) agents strive to understand and address their customers' needs, often relying on the markets provided by general agents to place such business. They contract with the general agents to manage business relationships with those local producing agents. This wholesale distribution arrangement allows Their commercial insurance products to be effectively available across the country. A rich history. A promising future. They've experienced dramatic change since 1940, and They're proud of that. But, They're also proud of that which has remained constant: Their presence in Omaha, Nebraska, and Their unwavering commitment to protecting Their customers with strength, stability and integrity.The staff at National Indemnity come from unusually diverse demographic backgrounds. The company is 50.7% female and 27.5% ethnic minorities. Despite its diversity in other areas, National Indemnity employees are noticeably lacking in political diversity. It has an unusually high proportion of employees who are members of the Democratic Party, at 72.0%. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Democratic Party. National Indemnity has great employee retention with staff members usually staying with the company for 5.7 years.The average employee at National Indemnity makes $51,999 per year. Pay at National Indemnity is significantly lower than some of its highest paying competitors, like Zurich, Tokio Marine Management, Inc., and Great American Insurance, which pay $76,684, $70,557, and $69,663, respectively.National Indemnity is a medium insurance company with 650 employees and an annual revenue of $450.0M that is headquartered in Omaha, NE.
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National Indemnity is ranked #89 on the Best companies to work for in Nebraska list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.
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National Indemnity diversity
9.1
Diversity score
We calculated National Indemnity’s diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of National Indemnity’s workforce.
National Indemnity diversity summary. Zippia estimates National Indemnity's demographics and statistics using a database of 30 million profiles. Zippia verifies estimates with BLS, Census, and current job openings data for accuracy. We calculated National Indemnity's diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of National Indemnity's workforce.
National Indemnity has 650 employees.
51% of National Indemnity employees are women, while 49% are men.
The most common ethnicity at National Indemnity is White (72%).
12% of National Indemnity employees are Hispanic or Latino.
8% of National Indemnity employees are Asian.
The average employee at National Indemnity makes $51,999 per year.
National Indemnity employees are most likely to be members of the democratic party.
Employees at National Indemnity stay with the company for 5.7 years on average.
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Compare National Indemnity salaries to competitors, including Zurich, Tokio Marine Management, Inc., and Great American Insurance. Employees at Zurich earn the highest average yearly salary of $76,684. The salaries at Tokio Marine Management, Inc. average $70,557 per year, and the salaries at Great American Insurance come in at $69,663 per year.
Rank
Company
Average salary
Jobs
1
$76,684
0
2
$70,557
0
3
$69,663
0
4
$67,801
0
5
$67,758
0
6
$66,351
0
7
$65,349
0
8
$64,465
0
9
$64,402
0
10
$64,189
0
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Zippia gives an in-depth look into the details of National Indemnity, including salaries, political affiliations, employee data, and more, in order to inform job seekers about National Indemnity. The employee data is based on information from people who have self-reported their past or current employments at National Indemnity. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by National Indemnity. The data presented on this page does not represent the view of National Indemnity and its employees or that of Zippia.
National Indemnity may also be known as or be related to National Fire & Marine Insurance Company, National Indemnity, National Indemnity Co. (Investment Portfolio) and National Indemnity Company.
