Major Rating Factors:
A history of deficient reserves (1.2 on a scale of 0 to 10) that places pressure on both capital and profits. In four of the last five years reserves (two year development) were between 27.6% and 71.7% deficient. Weak overall results on stability tests (2.8) including weak risk adjusted capital in prior years, negative cash flow from operations for 2024 and weak risk diversification. The largest net exposure for one risk is excessive at 5.4% of capital. Fair long-term capitalization index (4.5) based on good current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2020.
Other Rating Factors:
Excellent profitability index (9.0) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 12.7%. Superior liquidity (9.5) 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.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
HI
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
745 Fort Street
Honolulu, HI 96813
Honolulu, HI 96813
Phone Number
(808) 585-3526
NAIC Number
15796
Website
Largest Affiliates
No affiliate information available.