Major Rating Factors:
Fair profitability index (3.0 on a scale of 0 to 10) with operating losses during 2020 and 2021. Average return on equity over the last five years has been poor at -0.4%. Fair overall results on stability tests (3.6) including weak risk adjusted capital in prior years and weak results on operational trends. History of adequate reserve strength (5.5) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2021. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
HI
Principal Investments:
Cash (100.0%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
PulteGroup Inc
Investment Rating
Company Address
1003 Bishop Street
Honolulu, HI 96813
Honolulu, HI 96813
Phone Number
(808) 540-4315
NAIC Number
11603
Website
Largest Affiliates
No affiliate information available.