Major Rating Factors:
Fair overall results on stability tests (3.6 on a scale of 0 to 10) including excessive premium growth, weak results on operational trends, negative cash flow from operations for 2021 and lack of operational experience. Low quality investment portfolio (2.3). Weak profitability (1.7) with operating losses during the first nine months of 2022.
Other Rating Factors:
Strong capitalization (7.2) based on excellent risk adjusted capital (severe loss scenario). Excellent liquidity (9.3).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
F - Negative cash flow.
G - Fast asset or premium growth.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Group health (100.0%)
Licensed in:
HI
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
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Company Address
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Phone Number
(808) 524-3642
NAIC Number
16460
Largest Affiliates
