Major Rating Factors:
A history of deficient reserves (1.0 on a scale of 0 to 10) that places pressure on both capital and profits. In the last five years, reserves (two year development) fluctuated between 27.6% and 72.9% deficient. Weak overall results on stability tests (2.3) including weak risk adjusted capital in prior years and weak results on operational trends. Fair long-term capitalization index (3.3) based on fair current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range during the last year.
Other Rating Factors:
Excellent profitability index (8.9). Excellent expense controls. Excellent liquidity (7.8) 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.
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:
Investment grade bonds (42.1%), cash (39.0%), common stock (11.8%), other (7.0%)
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
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