Major Rating Factors:
Weak profitability index (1.1 on a scale of 0 to 10) with operating losses during 2022, 2023 and the first three months of 2025. Average return on equity over the last five years has been poor at -14.0%. Vulnerable liquidity (2.2) as a spike in claims may stretch capacity. Weak overall results on stability tests (0.4) including weak risk adjusted capital in prior years and negative cash flow from operations for 2024. The largest net exposure for one risk is excessive at 25.6% of capital.
Other Rating Factors:
Fair long-term capitalization index (3.2) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years. Ample reserve history (7.0) that can protect against increases in claims costs.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
GU, MP
Principal Investments:
Cash (51.7%), investment grade bonds (37.7%), other (10.6%)
Corporate Info
Group Affiliation
Calvo Enterprises Inc
Investment Rating
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Company Address
250 Route Four
Hagatna, GU 96910
Hagatna, GU 96910
Phone Number
(671) 475-8671
NAIC Number
11216
Website
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