Major Rating Factors:
Poor long-term capitalization index (2.2 on a scale of 0 to 10) based on weak current risk adjusted capital (severe loss scenarios), although results have slipped from the fair range over the last two years. Weak overall results on stability tests (2.2) including weak risk adjusted capital in prior years, weak results on operational trends and weak risk diversification. The largest net exposure for one risk is excessive at 9.0% of capital. Fair reserve development (3.7) as the level of reserves has at times been insufficient to cover claims. The one year reserve development was deficient in three of the last five years by between 17.1% and 39.5%.
Other Rating Factors:
Good overall profitability index (5.2) despite operating losses during 2022 and 2023. Excellent expense controls. Excellent liquidity (8.3) 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:
MT
Principal Investments:
Cash (79.9%), investment grade bonds (14.5%), common stock (4.8%), other (0.7%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
707 Richards Street
Honolulu, HI 96813
Honolulu, HI 96813
Phone Number
(808) 470-4671
NAIC Number
16439
Website
--
Largest Affiliates
There are no affiliate to display.