Major Rating Factors:
Good long-term capitalization index (6.5 on a scale of 0 to 10) based on fair current risk adjusted capital (moderate loss scenarios), although results have slipped from the good range during the last year. Fair reserve development (3.2) 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. Weak profitability index (2.5) with operating losses during 2023 and the first six months of 2025. Average return on equity over the last five years has been poor at -3.2%.
Other Rating Factors:
Good overall results on stability tests (5.4) despite fair risk adjusted capital in prior years. The largest net exposure for one risk is high at 4.3% of capital. Stability strengths include good operational trends and excellent risk diversification. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
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:
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
Largest Affiliates