Major Rating Factors:
Fair overall results on stability tests (3.6 on a scale of 0 to 10) including excessive premium growth and negative cash flow from operations for 2024. Weak profitability (1.8) with operating losses during 2024. Return on equity has been low, averaging -25.0%. Strong capitalization (8.2) based on excellent risk adjusted capital (severe loss scenario).
Other Rating Factors:
High quality investment portfolio (9.6). Excellent Liquidity (9.0).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
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:
Ind health (100.0%)
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