Major Rating Factors:
Fair reserve development (3.2 on a scale of 0 to 10) as the level of reserves has at times been insufficient to cover claims. In four of the last five years reserves (two year development) were between 15.1% and 27.8% deficient. Fair profitability index (3.2) with operating losses during 2023 and the first three months of 2025. Average return on equity over the last five years has been poor at -3.4%. Good long-term capitalization index (5.6) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2020.
Other Rating Factors:
Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (7.0). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (29.6%), personal/comm auto (28.8%), homeowners (27.7%), fire (12.4%), work comp (0.8%), other (0.8%)
Licensed in:
All states except CO, FL, ID, IL, KS, ME, MI, MN, MO, NE, NH, OR, SC, TN, VA, WA
Principal Investments:
Investment grade bonds (90.9%), cash (3.5%), other (5.6%)
Corporate Info
Group Affiliation
DB Ins Co Ltd
Investment Rating
--
Company Address
1440 Kapiolani Boulevard
Honolulu, HI 96814
Honolulu, HI 96814
Phone Number
(808) 942-5353
NAIC Number
12502
Website
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