Major Rating Factors:
Fair overall results on stability tests (3.6 on a scale of 0 to 10) including negative cash flow from operations for 2023. Weak profitability (1.7) with operating losses during 2023. Return on equity has been low, averaging -16.4%. Strong overall capitalization (8.6) based on excellent risk adjusted capital (severe loss scenario). However, capital levels have fluctuated somewhat during past years.
Other Rating Factors:
High quality investment portfolio (9.6). Excellent Liquidity (8.1).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
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Investments
Invested Assets
Cash
CMO & Structured Securities
Other Investment Grade Bonds
Non-Investment Grade Bonds
Common & Preferred Stock
Mortgages in Good Standing
Non-Performing Mortgages
Real Estate
Other Investments
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Investments in Affiliates
Corporate Info
Group Affiliation
Hawaii Employers Mutual Insurance Co
Investment Rating
--
Company Address
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Phone Number
(808) 524-3642
NAIC Number
16460
Largest Affiliates