Major Rating Factors:
Fair reserve development (3.9 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2024 the one year reserve development was 25.0% deficient. Fair overall results on stability tests (4.1) including weak results on operational trends and fair risk adjusted capital in prior years. Weak profitability index (2.8) with operating losses during 2023. Average return on equity over the last five years has been poor at -8.1%.
Other Rating Factors:
Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2023. Superior liquidity (9.2) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (32.4%), fire (15.1%), work comp (9.3%), fin guar/surety (0.4%), other (42.8%)
Licensed in:
GU
Principal Investments:
Cash (99.8%), other (0.2%)
Corporate Info
Group Affiliation
MS&AD Ins Group Holdings Inc
Investment Rating
--
Company Address
540 Pale San Vitores Road
Tamuning, GU 96913
Tamuning, GU 96913
Phone Number
(813) 578-9640
NAIC Number
13740
Website
Largest Affiliates