Major Rating Factors:
Poor long-term capitalization index (1.7 on a scale of 0 to 10) based on fair current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2021. A history of deficient reserves (2.6). Underreserving can have an adverse impact on capital and profits. In four of the last five years reserves (two year development) were between 34.6% and 54.5% deficient. Good overall results on stability tests (6.3) despite weak risk adjusted capital in prior years. Stability strengths include excellent operational trends and good risk diversification.
Other Rating Factors:
Excellent profitability index (9.3) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been excellent over the last five years averaging 18.9%. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
700 Bishop Street
Honolulu, HI 96813
Honolulu, HI 96813
Phone Number
(808) 585-3594
NAIC Number
11965
Website
--
Largest Affiliates
No affiliate information available.