Major Rating Factors:
Poor long-term capitalization index (1.6 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). 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 (6.1) despite weak risk adjusted capital in prior years and excessive premium growth. Stability strengths include excellent operational trends and good risk diversification.
Other Rating Factors:
Excellent profitability index (9.3). Excellent expense controls. Superior liquidity (9.7) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
Principal Lines of Business:
Other (100%)
Licensed in:
HI
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
700 Bishop Street
Honolulu, HI 96813
Honolulu, HI 96813
Phone Number
(808) 585-3594
NAIC Number
11965
Website
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Largest Affiliates
No affiliate information available.