Major Rating Factors:
Poor long-term capitalization index (2.8 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios) reflecting improvement over results in 2024. Weak overall results on stability tests (2.3) including weak risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 13.5% of capital. Good overall profitability index (6.2) despite operating losses during 2021 and 2022.
Other Rating Factors:
Good liquidity (5.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Ample reserve history (8.3) that helps to protect the company against sharp claims increases.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Med mal (100.0%)
Licensed in:
HI
Principal Investments:
Common stock (87.7%), cash (0.6%), other (11.6%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
1001 Bishop Street
Honolulu, HI 96813
Honolulu, HI 96813
Phone Number
(808) 533-4900
NAIC Number
14461
Website
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