Major Rating Factors:
Strong long-term capitalization index (9.2 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Excellent liquidity (7.7) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.4). Stability strengths include excellent operational trends and excellent risk diversification.
Other Rating Factors:
History of adequate reserve strength (5.1) as reserves have been consistently at an acceptable level. Fair profitability index (4.9) with small operating losses during 2020. Return on equity has been low, averaging 2.6% over the past five years.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
HI
Principal Investments:
Investment grade bonds (70.9%), common stock (16.9%), real estate (6.9%), non investment grade bonds (2.2%), cash (0.4%), other (2.7%)
Corporate Info
Group Affiliation
Hawaii Employers Mutual Ins Co Inc
Investment Rating
--
Company Address
915 Fort Street Mall
Honolulu, HI 96813
Honolulu, HI 96813
Phone Number
(808) 524-3642
NAIC Number
10781
Website
Largest Affiliates