Major Rating Factors:
A history of deficient reserves (2.6 on a scale of 0 to 10). 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 (6.4) despite weak risk adjusted capital in prior years and excessive premium growth. Stability strengths include excellent operational trends and good risk diversification. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2021.
Other Rating Factors:
Excellent profitability index (9.3). Excellent expense controls. Superior liquidity (9.5) 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:
(No states)
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.