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 and excessive premium growth. Weak profitability (1.9) with operating losses during the first nine months of 2024. Return on equity has been low, averaging -14.1%. Strong capitalization (8.5) based on excellent risk adjusted capital (severe loss scenario). 
                
            
                    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.
			G - Fast asset or premium growth.
			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
        
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    Company Address
        
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    Phone Number
        (808) 524-3642
    NAIC Number
          16460
    Largest Affiliates