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