Major Rating Factors:
Fair profitability index (3.2 on a scale of 0 to 10) with operating losses during 2022, 2023 and 2024. Average return on equity over the last five years has been poor at -6.7%. Fair overall results on stability tests (3.2) including excessive premium growth, negative cash flow from operations for 2024 and fair risk adjusted capital in prior years. Strong long-term capitalization index (7.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2021.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
GU
Principal Investments:
Cash (96.7%), other (3.3%)
Ratios
Premium to Surplus
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Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
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Combined Ratio
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Cash From Underwriting
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Net Premium Growth
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Investments in Affiliates
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Corporate Info
Group Affiliation
Sompo Holdings Inc
Investment Rating
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Company Address
Nanbo Guahan 250 Bldg.
Hagatna, GU 96910
Hagatna, GU 96910
Phone Number
(671) 475-1492
NAIC Number
13635
Website
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Largest Affiliates