Major Rating Factors:
A history of deficient reserves (2.8 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 87.3% deficient. Weak overall results on stability tests (2.6) including weak risk adjusted capital in prior years, excessive premium growth and weak risk diversification. The largest net exposure for one risk is excessive at 6.1% of capital. Good long-term capitalization index (5.3) based on excellent current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2020.
Other Rating Factors:
Excellent profitability index (8.8). Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
(No states)
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.